Unclaimed Property Reporting (165 articles)
With 55 domestic reporting jurisdictions – and little uniformity from one to the next – it can be a daunting task for companies to handle their unclaimed property reporting. For example, some jurisdictions require reports in the fall – others want them in the spring. Dormancy periods vary by property type and which jurisdiction you’re reporting to. Furthermore, unclaimed property laws are constantly changing. On this page you’ll find best practices for correctly reporting unclaimed property.
Despite the best of intentions, many organizations fall victim to the complexities and difficulties of unclaimed property reporting. With this in mind, how many of these unclaimed property reporting pain points is your organization currently experiencing?
Barbara Rice, Keane’s State Compliance Liaison, who previously managed the unclaimed property programs in both Ohio and South Carolina, recently reached out to multiple state unclaimed property administrators to inquire as to the types of information that they wish that holders knew prior to filing reports. This is their “Wish List”.