State Escheatment, Unclaimed Property Reporting
The State of New Jersey is currently experiencing problems with processing online payments; per the State of New Jersey’s Treasury’s Website: Reporting Announcement: The Unclaimed Property Administration is temporarily unable to process online payments through its Holder Reporting Application. As a result, we are only accepting payment by wire or check at the moment. Payment […]
State Escheatment, Unclaimed Property Reporting
As COVID-19 continues to create unique operational challenges for unclaimed property holders at this time, several states continue to issue statements related to extensions for reporting deadlines and extension procedures. We have compiled these statements in our COVID-19 Changes to State Deadlines and Extension Procedures page and will continue to update this information on a […]
States have the statutory authority to assess penalties and interest for past-due unclaimed property reports. While almost all jurisdictions have some form of penalties or interest assessment for late filings, below is a small sampling of specific states that automatically assess penalties and interest.
FROM PAUL BANKER Vice President and General Manager, Tax & Regulatory Reporting, Sovos Since announcing Sovos’ acquisition of Keane’s reporting and consulting divisions in July, our teams have spent many hours together talking about what combining forces will mean for customers. There is growing excitement as our experts build on each others’ strengths to better […]
Delaware is sending voluntary disclosure agreement invitations to holders believed to be out of compliance with its unclaimed property laws. In a slight change in policy, Delaware indicated that any holders that choose not to enroll in the VDA program will be audited.
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