State Web site locates unclaimed propertyEvangeline Mitchell
The year 2024 has seen a number of legislative developments impacting state gift card compliance issues, including in the unclaimed property and consumer spaces. In particular, states have been actively adopting and changing rules around the escheatment of unused gift card balances, as well as requ...
Complicating matters even further, each state’s own unclaimed property rules and regulations are updated frequently. We’ve gathered state-specific information on unclaimed property due dates to help you stay on top of this changing information. The Sovos regulatory analysis team will update this ...
please refer to the Unclaimed Property Dormancy Periods section of this guideline or visit our website at .sco.ca.gov/upd_rptg.html. Step 2 Perform Holder Due Diligence Due diligence is the process of locating apparent owners of property that has remained dormant or inactive on a holder’s ...
states doing things on their own, results in a laundry list of rule changes. Here's a brief rundown on changes from the back end of 2017. If you'd like to know more about the specifics of unclaimed property laws that affect your company, reach out to ourUnclaimed Property Consulting...
The RMD update is significant for purposes of state unclaimed property laws, as a majority of such laws premise escheatment of the IRA on the owner’s failure to take a distribution or otherwise interact with his/her account after the date a distribution is required to be made from the acc...
Abandoned and unclaimed propertyThe future of your business may lie in how you’ve accounted for the pastComplying with the myriad of abandoned and unclaimed property (“AUP”) escheatment laws is increasingly complicated. All fifty states, the District of Columbia, Puerto Rico, Guam, and the ...
- Kansas State Treasurer, Steven Johnson WELCOME! About Our Office Check out our financial programs and services that help Kansans save for school, find unclaimed property, plan for the future, and more! Search Unclaimed Property Savings Programs ...
Tax practice during the last four years. These external alerts highlight selected developments involving state tax legislative, judicial, and administrative matters. The alerts provide a brief summary of specific multistate developments relevant to taxpayers, tax professionals, and other interested persons...
Unclaimed Property Whether your business operates in all 50 states, a few, or just one, trying to stay current and compliant with income and non-income tax laws and regulations can be time-consuming and often frustrating. The laws are complicated and ever-changing—no matter your business typ...