– Through State or State sponsored Compliance Reviews
– Through formal State audit notices.
– Self-Audit notices, including those conducted/sponsored by third party firms.
– State reminder letters regarding Compliance with reporting obligations.
– State VDA (“Voluntary Disclosure Agreement”) Invitations.
– Automatic penalty & interest assessment for non-compliance.
– If you are contacted by a State regarding your compliance efforts, it is best to respond right away!
To discuss these State enforcement steps or any other issues relating to unclaimed property reporting compliance, please reach out to a professional at PEACC by calling 410.303.5510, or email us at
info@peacc.com
