2023 UPPO Annual Conference
The UPPO Conference is the top education and networking event for professionals working with unclaimed property. Stop by and see Sovos at booths 4 and
The UPPO Conference is the top education and networking event for professionals working with unclaimed property. Stop by and see Sovos at booths 4 and
On September 13, 2022, California Governor Gavin Newsom signed AB 2280 into law, paving the way for the creation of a long-awaited Voluntary Compliance Program
Companion bills have been introduced in Iowa proposing to amend the banking provisions in Iowa’s Unclaimed Property law to include electronic messaging as an activity
On January 17, 2023, Oregon Senate Bill 311 was introduced. The bill proposes to amend Oregon’s False Claims Act. Because False Claims Act violations are
On January 17, 2023, Oregon House Bill 2160 was introduced. The bill proposes to amend both the securities and wages provisions in Oregon’s unclaimed property
Unclaimed property is often misunderstood. Despite their best intentions, we find that many companies operate under factually inaccurate assumptions that could put their business at
On December 29, 2022, President Biden signed the Omnibus Bill (HR 2617) also known as SECURE ACT 2.0. The new law includes provisions that will
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
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
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
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
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 recently introduced two new questions to their state income tax forms regarding unclaimed property compliance; Has the company ever filed unclaimed property reports with
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
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
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.
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
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