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 […]
Unclaimed Property Reporting (179 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.
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 […]
The State of Delaware Department of Finance sent out letters for verification of organizations annual unclaimed property responsibility in 2019. These letters are targeted to holders that previously reported unclaimed property to the State of Delaware but did not submit a 2019 report which was due on March 1, 2020, for all companies except banking […]
The unclaimed property environment within the United States and Canada is ever-changing with amended legislation as well as statutory, administrative, and regulatory requirements. When considering the variations in regulations and legislation no two states, nor two provinces, are exactly the same—providing a broad spectrum of compliance requirements. Despite the lack of uniformity across states and […]