Unclaimed Property
Unclaimed Property 101
It’s the law to track and report abandoned property to the states. Make sure you have all the information you need to file successfully and
Solution: Unclaimed Property
Unclaimed Property
Major Updates Included in NAUPA III Format Release
The National Association of Unclaimed Property Administrators (NAUPA) has finally published its long-anticipated draft of the proposed NAUPA III file format after a delay of
Unclaimed Property
What is the Unclaimed Property Compliance Hub?
States continue to enforce unclaimed property (UP) compliance. UP is broadly defined as any property held by companies in which the owner is lost and/or
Delaware VDA Program
Join the experts from Sovos and Delaware Department of State for our webinar on Delaware’s VDA Program. Topics will include: Unclaimed Property Overview Information on
1099
Focus on Financial Institutions: What You Should Know About 1099 and Unclaimed Property Reporting
Tax information reporting for financial institutions presents unique challenges and details to keep in mind when reporting specifics related to 1099 and Unclaimed Property. Incorrect or incomplete
California Uses 2021 Corporate Income Tax Return Filings to Drive Unclaimed Property Compliance
California recently introduced two new questions to their state income tax forms regarding unclaimed property compliance; Has the company ever filed unclaimed property reports with
Unclaimed Property
Top Tips for Unclaimed Property Audits
By: Laurie Andrews and Paola Narez Picture this: you just completed a risk assessment on your unclaimed property processes, and you feel like you have this
Cryptocurrency
Crypto Tax & Unclaimed Property Compliance – A Year-Round Approach – Part II
Part I of II – written by Wendy Walker Click here to read part I of the series. This quarterly blog series focuses on tax information
Cryptocurrency
Unclaimed Property Insights into Cryptocurrency
Unclaimed Property Insights Into Cryptocurrency The rapid adoption and use of cryptocurrency by businesses and organizations inevitably leads to large sums of unclaimed digital assets.
1099
Tax and Unclaimed Property for Mergers and Acquisitions
Mergers and acquisitions (M&A) have always been inherent in the financial institution landscape but have recently increased at an unprecedented pace. A recent Fortune.com article
Unclaimed Property Functionality
Unclaimed Property: How to Stay Ahead of Compliance Challenges
This blog was updated on March 24, 2023 Did you know that approximately one in 10 people have unclaimed property (UP) in their name? Research
Unclaimed Property
The State of Unclaimed Property
Join the Unclaimed Property experts from Sovos for an in-depth look into our Unclaimed Property Report: The State of Unclaimed Property! Topics will include: Why
Unclaimed Property
West Virginia Unclaimed Property Law Enacted
West Virginia’s governor signed WV HB 4511 into law on March 28, 2022. The newly enacted law includes significant changes to West Virginia’s unclaimed property.
Unclaimed Property
New Report From Sovos Shows Over $77 billion in Unclaimed Property in the United States, With 80% of Organizations Not in Compliance with State Laws
Unaware of UP obligations, many companies face costly audits or large fines, finds Sovos’ first-ever “The State of Unclaimed Property Report” BOSTON – March 22,
Cryptocurrency
Crypto Tax & Unclaimed Property Compliance – A Year-Round Approach – Part I
Despite the reputation of being a “once a year” thing, tax information reporting and withholding is a year-round organizational compliance process. Add unclaimed property (UP)
1099
AICPA Engage | June 6-9 | Las Vegas, NV
This is the accounting and finance industry’s premier event of the year. Gain exclusive insights, develop practical skills, and network with your unique professional community
1099
APP2P Spring | May 15-17 | Lake Buena Vista, FL
The largest, most comprehensive event dedicated to Accounts Payable and Procure-to-Pay brings together experienced practitioners and innovative strategists to provide an in-depth three-day learning experience.
Unclaimed Property
California Introduces Unclaimed Property VDA Program
On February 16, 2022, California introduced AB 2280, allowing the California Controller to establish a California Voluntary Compliance Program (VDA Program). This is a significant