On November 1, 2016 Michigan 3791 2015 revised the proposed administrative rules regarding unclaimed property audit procedures and rules, which were originally filed on February 15, 2016. The revised proposal addresses the many intricacies of Michigan unclaimed property audits. Michigan was accepting comments and feedback from the holder community. The deadline to comment on the […]
When are unclaimed property reports due? This is a fairly common question asked by holders that are new to the escheat reporting process, or not as well versed in the intricacies of escheatment reporting. Fortunately, Keane has provided answers to some of the most frequently asked escheat reporting questions to help your organization survive the […]
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?
Keane recently received communication from state personnel regarding new requirements for reporting securities-related unclaimed property in both California and New York. Properly escheating securities is one of the more complex aspects of the annual compliance and reporting process, as it requires additional steps not applicable for general ledger property types. Updated reporting and remittance instructions for both jurisdictions are outlined […]