Unclaimed Property
Breaking Down the California Unclaimed Property Reporting Process
The chorus to “California, Here I come,” a popular showtune from the Great American Songbook, starts with the lyrics, “California Here I come, right back
Category: Unclaimed Property
Unclaimed Property
Common Unclaimed Property Issues for Small Businesses
Oftentimes, small companies hold unclaimed property without realizing it, mistakenly assuming only mid-sized and large companies have the potential to generate it. In fact, many
Unclaimed Property
What are Top Overlooked Sources of Unclaimed Property Exposure?
When most businesses think of unclaimed property, they likely consider outstanding checks issued from primary operating accounts, overlooking other sources that may hold potential exposure.
Unclaimed Property
Unclaimed Property 101: Understanding the Basics
Unclaimed property is generally defined as a fixed and certain interest in intangible property that is held, issued or owed in the course of a
Unclaimed Property
California Begins Voluntary Compliance Program Rollout
The California Voluntary Compliance Program (VCP) is now available, according to an announcement from the California State Controller. For the first time, we are hearing
Unclaimed Property
How to Prepare for the Pending California Voluntary Compliance Program
In our recent blog, “California – One Step Closer to a Voluntary Disclosure Program,” Freda Pepper outlined everything we currently know about the program, including
Unclaimed Property
What the Supreme Court’s MoneyGram Litigation Ruling Means
The Supreme Court has issued its decision in Delaware v. Pennsylvania and Wisconsin, and Arkansas v. Delaware (the MoneyGram litigation). It is the Court’s opinion
Unclaimed Property
5 Things to Expect at the 2023 UPPO Annual Conference
The unclaimed property (UP) community will convene in Nashville starting Sunday, March 12 for the 2023 Unclaimed Property Professionals Organization (UPPO) annual conference. Approximately 600
Unclaimed Property
Does ChatGPT Know About Outsourcing Unclaimed Property Obligations?
Artificial Intelligence (AI) is not a new topic, but with the recent launch of ChatGPT – an AI chatbot – every day internet users now
Unclaimed Property
California – One Step Closer to a Voluntary Disclosure Program
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
Unclaimed Property
How to Avoid 6 Common Unclaimed Property Myths
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
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
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 Strategy for Success – 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
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
Tax Compliance
The Latest RUUPA Updates
This blog was updated on January 25, 2023. On July 13, 2016 the Uniform Law Commission (ULC) approved its drafting committee’s final draft of the
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.