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
Solution: Unclaimed Property
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
UP Spring Reporting Season
Join us to prepare for the spring 2023 unclaimed property reporting season. During the webinar our experts will discuss our software and unclaimed property reporting
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
Life Insurance & Unclaimed Property – What You Need to Know
Every industry has its own unique unclaimed property issues and Life Insurance has more than most. Join us to learn more about these issues and
Unclaimed Property
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
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
Iowa HSB 33; IA SSB 1055
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
Oregon Senate Bill 311 Introduced
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
Oregon House Bill 2160 Introduced
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
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
Required Distribution Date for IRAs is changing
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
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
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