By: Keane’s Consulting Team In times of economic downturn, unclaimed property has historically been a way for the states to fill budget gaps through various measures. Throughout the past, Keane’s seasoned consulting professionals have seen states implement the following tactics to increase state revenues and reduce costs: Increase enforcement efforts through third-party and self-directed audits, […]
The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law on March 27, 2020. Under Section 2203 of the Act, required minimum distributions (RMDs) from IRAs (including inherited IRAs) and certain other retirement plans are waived for 2020. In addition to the waiver in 2020 of newly occurring RMDs, this […]
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.
We are excited and grateful to have two of our very own recognized in this years Unclaimed Property Professionals Organization awards! Brian McCarthy received the UPPO Shining Star award this year for his contributions to UPPO’s Government Relations and Advocacy Committee (GRAC). Brian McCarthy is a Senior Manager in Keane’s Consulting Team. He is a subject […]
During this difficult time, the Keane Team wants to send our best wishes for health and safety to you, your employees and families. Keane has taken steps to ensure the safety and well being of our Team. At this time, 100% of our service teams are functioning remotely. We have created a COVID-19 Changes to […]