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State Unclaimed Property Compliance: California, New York, Texas, and More

Avoiding Escheatment, Establishing Policies, Jurisdictional Rules

A live 110-minute CPE webinar with interactive Q&A

This program is included with the Strafford CPE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Thursday, August 22, 2024

1:00pm-2:50pm EDT, 10:00am-11:50am PDT

Early Registration Discount Deadline, Friday, July 26, 2024

or call 1-800-926-7926

This webinar will explore unclaimed property reporting and remittance requirements required by all U.S. jurisdictions with a particular focus on several key state programs. Our panel of unclaimed property experts will discuss the primary types of unclaimed property, dormancy and reporting deadlines, and strategies for reducing unclaimed property liability for businesses and their advisers.

Description

States' efforts to enforce and collect unclaimed property are consistently on the rise. States leverage a multitude of programs (e.g., self-audit programs, compliance letter mailing campaigns, and audits) to enforce compliance.

Companies holding dormant unclaimed property should be aware of the steep penalties for noncompliance. Many states do offer voluntary compliance programs (VCPs), allowing for the abatement of interest and penalties. Understanding when to come forward with past-due remittances can be complicated. Businesses and accounting/tax professionals need to understand state rules for escheatment compliance.

Listen as our panel of unclaimed property experts reviews the basics of unclaimed property, voluntary disclosure agreements (VDAs), and implementing policies and procedures for escheatment.

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Outline

  1. Unclaimed property: Introduction
  2. Examples of unclaimed property
  3. Rules of jurisdiction: Supreme Court cases
  4. Dormancy and Reporting deadlines
  5. Establishing written policies and procedures
  6. Best practices to limit exposure
  7. Voluntary compliance programs

Benefits

The panel will cover these and other critical issues:

  • Types of property subject to escheatment
  • When a business should consider filing a VCP/VDA
  • California's newly created Voluntary Compliance Program, and other key state VCP/VDAs

Faculty

Boegel, Nick
Nick Boegel

Tax Managing Director
BDO USA

Mr. Boegel has over 17 years of tax consulting experience. He has reviewed, researched and documented solutions for...  |  Read More

Simmons, Cherish
Cherish B. Simmons

Managing Director
PwC US Tax

Ms. Simmons is a Managing Director with PricewaterhouseCoopers LLP (“PwC”) in the Abandoned and Unclaimed...  |  Read More

Swaigenbaum, Steven
Steven Swaigenbaum, CPA

Principal, CPA
Baker Tilly US

Mr. Swaigenbaum has extensive experience in unclaimed property consulting, with expertise in managing and...  |  Read More

Attend on August 22

Early Discount (through 07/26/24)

CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.

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Early Discount (through 07/26/24)

CPE credit is not available on downloads.

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