COLUMBUS — Thousands of letters were sent by the state to those who qualify for unclaimed funds, but the letters were sent to the wrong people. About a third of them included personal information including social security numbers, according to the state.
“Due to a processing error, approximately 9,000 consumers were mailed forms that were inaccurate,” according to a Department of Commerce news release. “Inaccurate information may include: Amount of interest paid and Personal information.”
The state said the problem was discovered on Monday.
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“We’re moving quickly to address this issue and to ensure consumers have an accurate 1099 for tax purposes,” Superintendent of the Division of Unclaimed Funds Akil Hardy said. “I encourage consumers to contact us to find out if the form they currently have is accurate and learn how to dispose of inaccurate forms. We are working diligently to issue corrected forms where necessary and should complete that process by the end of next week.”
It’s unclear if anyone’s personal information was compromised as a result of the error.
Some affected consumers are being offered one year of identity theft protection at no cost. Those consumers will receive a letter with detailed information about these services and how to enroll.
Unclaimed properties include deposits, unclaimed wages, checking or savings accounts and insurance policies, as well as the contents of safe deposit boxes.
The Department of Commerce website reads:
“Customers who received an unclaimed funds claim payment in 2018 with accrued interest of $10 or more may have received an inaccurate 1099 form. Corrected 1099s will be mailed by mid-February. We apologize for any inconvenience. Questions? Contact us at 877-644-6823 or [email protected] and include “IRS Form 1099” in the subject.”
CLICK HERE TO READ THE RELEASE FROM THE DEPARTMENT OF COMMERCE
Source: on 2019-02-15 11:41:15
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