Unclaimed Property
Importance of Owner Contact in Unclaimed Property
By: Gary Joseph and Paola Narez In order to maintain compliance with states’ unclaimed property statutes, holders must understand the types of unclaimed properties they
Category: Unclaimed Property
Unclaimed Property
Delaware Unclaimed Property VDA Notices
DE VDA Invitation Letters Update: February 19, 2021 Pursuant to 12 Del. C. §1173(b), the Delaware Secretary of State (SOS) has distributed a new wave
Unclaimed Property
Prepared for Spring Unclaimed Property Reporting?
Spring unclaimed property reporting deadlines are coming up fast, are you prepared? Spring reporting runs from March through May and varies by state and industry.
Unclaimed Property
Unclaimed Property State Compliance Observations from 2020
By: Ann Fulmer, Director of Consulting Services 2020 has been quite the year! As with all aspects of our lives, the unclaimed property world was
Tax Compliance
Unclaimed Property and the Insurance Industry
By: Cornel Lupu Insurance companies, like all “holders,” are required to comply with the unclaimed property laws for each state or jurisdiction within the United
Unclaimed Property
How to File Unclaimed Property Reports Now That UPExpress Has Been Discontinued
UPExpress, the free tool for companies to eFile unclaimed property reports directly to participating states, was discontinued at the end of 2020 because the current
Unclaimed Property
Energy, Oil & Gas Industry in Unclaimed Property
by: Gary Joseph, MBA, CIA, Senior Consulting Manager Unclaimed property compliance for energy, oil and gas companies can be an especially complex process due to
Unclaimed Property
Unclaimed Property Dormancy Periods by State: What You Need to Know
Understanding unclaimed property dormancy periods by state and executing the appropriate decisions can make or break your company’s unclaimed property program. This is due primarily
1099
2020 GCS Intelligent Reporting | Session Recaps
Tuesday, October 6 CEO Keynote: Our Journey to Solve Tax for Good | Andy Hovancik, President & CEO, Sovos GCS Intelligent Reporting kicked off with
Unclaimed Property
NAUPA III Format is Underway
The National Association of Unclaimed Property Administrator’s (NAUPA) Standard Electronic File Format is a standard set of codes that has been widely used to file
Tax Compliance
Act now: Temporary Extension to Enroll in the Delaware VDA Program
Did your company receive an invitation in February 2020 to join the Delaware Voluntary Disclosure Agreement Program (SOS VDA Program)? If so, you have extra
Unclaimed Property
The Top 5 Ways to Stay Ahead of Unclaimed Property
Unclaimed property compliance is a year-round job. Preparations must be made monthly in order to stay compliant. Below are the top 5 ways you can
Tax Compliance
The Danger of Unclaimed Property for Healthcare Providers
Healthcare providers build up patient credit balances from collecting more coinsurance, copays, and deductibles than they earn. Unfortunately, because the fees are unearned, the healthcare
Unclaimed Property
The Top 4 Benefits of a Cloud-based Unclaimed Property Solution
According to Forrester Research, 65 percent of North American enterprises relied on public cloud platforms in 2019. This is five times the percentage that used
Tax Compliance
How to Prevent a Delaware Unclaimed Property Audit
Did your business receive a letter from the Delaware Secretary of State (SOS) Office? On February 20th, the Delaware SOS office sent “over 100 letters
Unclaimed Property
Your Guide to Posting Unclaimed Property Advertisements in New York
Not all states have the same requirements for completing an unclaimed property state report. The state of New York requires that certain companies publish unclaimed
Unclaimed Property
Three Best Practices for Unclaimed Property Record Retention
Unclaimed property retention requirements vary based on each state’s rules and regulations. Depending upon the property type and state, record retention periods can take up
Due Diligence
Navigate California’s Unclaimed Property Reporting Cycle in 4 Simple Steps
It has been several years since California changed its unclaimed property reporting process, yet many holders are still unsure how to remain compliant. This is