If you’ve heard that you can make huge finder fees on tax surpluses, you haven’t been led astray. Unlike state-held funds such as old bank accounts, stock dividends, and utility deposits, tax surpluses are often for huge amounts of money and aren’t advertised publicly on the state’s website. They’re the best-kept secret in the “found money” business. But are tax surplus finder fees legal?
If you’ve studied your state’s code, you probably ran across a section titled “Unclaimed Property Act” or something along those lines. In it, it outlines what happens to abandoned property, who holds it, how long they have