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...
Sara A. Lima
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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 our Unclaimed Property Consulting group.Texas Owners of mutual fund shares may now designate a representative other...
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 ...
- 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 ...
“IRS Ruling on IRAs Raises Numerous Unclaimed Property Issues for Holders, Owners, and States Alike.”) The withholding requirement raises the question of whether holders even have the right under federal securities or other laws to liquidate IRAs and then escheat the liquidated amounts (less ...
Furthermore, the OTA held that riders exercised extensive control over the use of the go-karts. As such, go-kart rentals were more akin to the rental of bicycles or snowboards, which are subject to sales tax as the rental of tangible personal property. As such did not qualify for the ...
The Multistate Tax alert archive includes external tax alerts issued by Deloitte Tax LLP's Multistate Tax practice during the last three years.
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 ...