Think You’re In Compliance? – Think Again – You May Need Unclaimed Property Consulting from PEACC.com
Think You’re In Compliance? Think Again Unclaimed Property Consulting and Compliance – Find out why you may not be in compliance.
How Are States Enforcing Their Unclaimed Property Compliance?
- 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
Unclaimed Property – Whats All The Fuss About? Visit PEACC.com
Although unclaimed property has been around for years, it is still a fairly new issue for some companies throughout the United States. Unclaimed property, also known as "escheat", evolved during the days of English Common Law. When an event disrupted the natural descent of property, such as no heirs, the