Unclaimed Property Reporting Steps
In order to get in and remain compliant with the State reporting requirements Holders must: - Identify all unclaimed property on an annual basis- Calculate dormancy periods based on the State property is due to; and depending on type of property and whether it would be reportable in 1,3,
Unclaimed Property Audits & Reviews
Who has the ability to audit Holders? Most State jurisdictions have the ability/authority to preform the dreaded Unclaimed Property Audit. Most States have their own audit staff conducting their own various State Audits. But most States still contract with third-party auditors. These third-party auditors have, in the past, conducted
Common Fines & Interest Penalties for Holder Non-compliance in the State of California
Common Fines & Interest Penalties for Holder Non-compliance CA