Keane's Unclaimed Property Blog

Unclaimed Property (54 articles)

The Role of the Tax Department in Unclaimed Property Compliance

Abandoned Property, Compliance, Other News, Unclaimed Property

Tax professionals may not think that unclaimed property compliance falls within their department’s jurisdiction – however, more often than not, it does. Even though unclaimed property laws are not tax laws, they are close cousins. Unclaimed property looks like a tax because there is an annual filing requirement governed by state law. It also feels […]

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Unclaimed Property Compliance In the News: Bankers Digest & Accounting Today

Abandoned Property, Compliance, Unclaimed Property, Unclaimed Property Reporting

Keane consultants continue to lend their unclaimed property compliance expertise and advice to the media. This week, Bankers Digest included an article written by Valerie Jundt, the managing director of our Consulting & Advisory Services group. The article (click here to read), titled, “Financial Institutions Face Set of Regulations for Unclaimed Property,” discusses how financial […]

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Unclaimed Property Insurance Update: Florida Announces Settlement

Insurance, Legislative Updates, Unclaimed Property

With states continuing to enforce the rules of unclaimed property, insurance companies are the clear current focus. The insurance website Life and Health National Underwriter reported last Wednesday that the Florida Office of Insurance Regulation (FOIR) had announced a settlement agreement with John Hancock Life Insurance Company.  As we shared in an earlier blog, this settlement stems […]

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Texas Unclaimed Property Rules – HB 257
Legislative Update From Keane – May 6, 2011

Abandoned Property, Abandoned Property Law, Legislative Updates, State Escheatment, Unclaimed Property, Unclaimed Property Law

On Tuesday, May 3rd, Texas substantially amended HB 257 proposing, among other things, to adjust the due dates for Texas unclaimed property rules, reporting, and delivery.  Previously, Texas’ reporting due date was November 1st with a cut-off date of June 30th.  The amended bill proposes a due date of July 1st with a cut-off date of […]

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Nevada Unclaimed Property: Uncashed Payout Checks Could Bring Millions

Abandoned Property, Escheatment, Unclaimed Property

March 30, 2011 Nevada unclaimed property, from casinos, could bring the state millions. When gamblers step into casinos, especially in Nevada, they’re looking to win big bucks. Typically, these gamblers don’t bother redeeming the low-value payout tickets dispensed from cashless slot machines or other electronic games. However, if they cashed in those tickets each time […]

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