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Monthly Report of Estate Tax Collections Illinois State Treasurer Form
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People also ask
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Did Illinois return $301 million to Illinois residents?
Illinois State Treasurer Michael Frerichs returned a record $301 million to 321,558 Illinois residents through the state's missing money program during Fiscal Year 2024. "Putting money back in people's pockets helps families and our state's economy," Frerichs said.
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How do I know if I have unclaimed money in Illinois?
For more information, or to see if you have any unclaimed property, visit https://icash.illinoistreasurer.gov/
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How long does it take to get unclaimed money in Illinois?
Typically, all claims are reviewed in the date order received by our office. Processing time prior to receiving either your first communication or payment may be up to 12 weeks, dependent on the number of claims submitted to our office during the time frame your claim was received.
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Did the Illinois Treasurer return $22.7 m in unclaimed property back to owners?
CHICAGO (WLS) -- Illinois State Treasurer Michael Frerichs has announced that $22.7 million in unclaimed property was returned to their rightful owners last month. Over 11,000 claims were paid during the month of March. The Illinois State Treasurer's Office has returned $1.6 billion since Frerichs took office in 2015.
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Who must file an Illinois estate tax return?
If the gross estate of an Illinois resident has a value of more than $4 million, the personal representative or executor of the estate must file a state estate tax return. (Smaller estates won't need to file a return.) Your gross estate will include just about all of the property you own at your death: Real estate.
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What of estate tax returns are audited?
IRS audit rates Return typePercentage of returns examined Total Corporation income tax returns 2.9% Partnership returns 0.1% S-corporation returns 0.1% Estate tax returns 1.4%12 more rows
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Why did I get a check from the Treasurer of the state of Illinois?
The State Treasurer is holding more than 5 billion dollars in unclaimed funds for Illinoisans. The State holds these lost funds until they are claimed by either the original owner or their heirs. Property is returned at no cost with the proper identification.
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Is Illinois Treasurer unclaimed property legit?
The State Treasurer is holding more than 5 billion dollars in unclaimed funds for Illinoisans. The State holds these lost funds until they are claimed by either the original owner or their heirs. Property is returned at no cost with the proper identification.
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