It depends if its a car or something call the police. If its something small that you lost at school go to the nearest lost-and-found.
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When a derogatory item is removed from your credit report, them yes, your score increases. If you have a credit account with no derogatory items (late payments) and you close it, then your score is likely to decrease.
Anytime a negative item is removed from your credit report, it will raise your credit score unless new collections are added to your report.
If the IRS lost your passport, you should contact the IRS immediately to report the issue and request assistance in locating or replacing your passport. You may also need to contact the State Department to report the lost passport and apply for a replacement.
The item will remain on your report for 7 years.
If you lost your check in the mail, you should contact the issuer of the check immediately to report it as lost. They can then issue a stop payment on the lost check and reissue a new one to you.