How do I remit an unclaimed property in California?

How do I remit an unclaimed property in California?

  1. Step 1 Identify Unclaimed Property.
  2. Step 2 Perform Holder Due Diligence.
  3. Step 3 Submit a Holder Notice Report.
  4. Step 4 Respond to Owner Claims Resulting from SCO Notices.
  5. Step 5 Submit a Holder Remit Report and Remittance.
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Why would I get a letter from California State Controller?

If you are receiving a letter from the State Controller, they are requesting your tax return for the previous three years. Please keep in mind that this is due to a change in federal law. If you have been dealing with unreported income, it could be a very bad time for you.

How do I file unclaimed money in California?

To access the unclaimed property database by telephone, contact the State Controller’s Customer Service Unit. California residents can call toll-free, at 800-992-4647 between the hours of 8:00 AM and 5:00 PM, Monday through Friday (except holidays). Those outside California may call (916) 323-2827.

Who can claim unclaimed property in California?

Owners or heirs can claim their property directly from us without any service charges or fees. If you have signed a contract with an investigator (also called “asset locators” or “heir finders”) they may charge you a fee of no more than 10 percent of property value.

What does a state controller do?

The State Controller’s Functions Account for and control disbursement of all state funds. Determine legality and accuracy of every claim against the State. Issue warrants in payment of the State’s bills including lottery prizes. Administer the Uniform State Payroll System.

How do I find out if I have unclaimed money in California?

Residents and business owners can search the database of unclaimed assets and submit a claim at the state’s website,, or by calling (800) 992-4647.

Can treasure hunters keep what they find?

If the found property is lost, abandoned, or treasure trove, the person who found it gets to keep it unless the original owner claims it (so actually, unless the original owner claims it, the rule is “finders keepers”).

  • September 26, 2022