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
State Reporting Formats & Remittance
All States require reports to be generated and submitted along with the remittance. Here are a few specifics that are required by certain States: Stata Unclaimed Property Report Reminders: ~ Some States require the reports submitted to them be Notarized. Others require a specific Officer of the company (CFO/Comptroller)
Annual Unclaimed Property Reporting – Date Specifics
Annual Reporting Date Specifics: Depending on the State, unclaimed property reports are due throughout the year, Spring, Summer, and Fall. For States with a Fall Reporting due date, the date can be October 31 or November 1 each year. The cut off date will be June 30th of each