PPT-A Year in Review of Unclaimed Property & Discovering What’s Next

Jen Borden Borden Consulting Shawn Kane Crowe Horwath LLP Debbie Zumoff Keane Peder Hagberg Carl Hagberg amp Assoc Moderator Speakers Securities Audits Shawn M Kane Partner. E57374ective January 6 2015 the Act added Sections 130111a and 130111b to the Fiscal Code allowing for the regulating of 64257nders who are now required to apply for registration be approved receive registration numbers and remain subject to Treasur Guide to Reporting Unclaimed Property ii Unclaimed Property Reporting Booklet iii ii Table of contents Frequently asked q uestions 1 Five steps to report 3 Due diligence 4 Steps to reporting electr SASA Annual Meeting 2014. January 9, 2014. Presented by:. Donald R. Kimber, CPA. New York State . Unclaimed Property Report. Agenda. Overview. The Reporting Process. Important Considerations. Voluntary Compliance. Reporting Basics 101. Fast Facts about Unclaimed Property. All States, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands have Unclaimed Property Programs. Three Canadian Provinces (Quebec, British Columbia and Alberta) have an Unclaimed Property Program. . Reporting and Claims Processes. Bryant Clayton and Verna Bright. Unclaimed Property Division. Texas Comptroller of Public Accounts (CPA). Topics Discussed. Unclaimed Property Reporting. Unclaimed property – what it is and isn’t. Compliance Officer, FSITrack. Corky Cootes. Head of Development, FSITrack. FSITRack. &. Unclaimed . property . filing:. What you need to know. Filing purpose is to return unclaimed property (money) to its rightful . Kimneye S. Cox, MBA. Accountant Manager. Unclaimed Property Division. State of Louisiana Department of the Treasury. Louisiana’s Unclaimed Property Program. State Treasurer – Administrator. Louisiana Revised Statutes Title 9, Sections 151-181. Unclaimed Property. 1. DOR Collection Options. Balance your debt collection program:. Tax Refund Interception Program . (TRIP) –refunds . and other payments pay certified . debts. Statewide . Debt Collection (SDC) – full collection services. The Hidden Liability. June 16, 2016. What is Unclaimed Property?. Any liability . held. , . due. and . owing. by a company . to . a third party (. customer (AR), vendor (AP), employee (PR or Benefit) . Unclaimed Property Law . 48th State to pass the law. House Bill 1088 – 1984 – original legislation. House Bill 566 – 1993 - Moved to Treasurer’s Office . House Bill 1510 – July 2, 1998 – Abandonment period changed from 7 years to 5 years. . Pamela Wentz, Director. Agenda. Unclaimed Property Reporting Overview. Holder Duties . C. ommon . R. eporting Errors. Requirements for Royalties. Best Practices. 1099 Reporting. Questions & Answers. By: William King. VP & Assoc. General Counsel. Disclaimer. This presentation is provided for educational purposes only. Keane is not rendering accounting, business, financial, investment, legal, tax, or other professional advice on services with this presentation. Further, this presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that my affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Keane is not responsible for any loss sustained by any person who relies on this presentation. . Unclaimed Property Overview:. Returned a record . $42 . million representing . 138,907 . accounts in FY16.. Nearly . $100 million was reported in FY16.. Currently hold over $942 million in unclaimed assets in more than 4.8 million owner accounts. . WV School Business Officials. Presented by Maegan Trout. West Virginia State Treasurer’s Office. Identifying the Basics. What. type of property to report. Where . and. When . to report. How. to report.