PPT-Tracking and Reporting Unclaimed Property

Unclaimed Property Overview Returned a record 42 million representing 138907 accounts in FY16 Nearly 100 million was reported in FY16 Currently hold over 942 million in unclaimed assets in more than 48 million owner accounts . 1 1 0 lim 0 lim 6 Output Feedback Controller 61 Observer Design brPage 5br 0 0 62 Controller Design 2 brPage 6br Remark 2 63 Composite ObserverController Sta bility Analysis Theorem 2 lim 0 lim 1 1 0 0 1 6 min max max Proof 1 Property is considered to adjoin the homestead if the only intervening real property is an easement or public right of way such as a street road or utility Noncontiguous property is property owned by the AR that does not adjoin the homestead Policy UNCLAIMED DEPOSITS: An account shall be classified as unclaimed depositsthan interest credits and service charge debits) for 10 years and more from the date of last operation. A term deposit account 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 . Why we need . partitionable. slots. How they’ve worked since 7.2. What’s new in 7.8. What’s still left to do. Outline. What’s the Problem?. Example Machine:. 8 cores. 8 Gigabytes memory. 2 disks. 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. 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. FMR 102-41. Kenya Crosson. Senior Property Disposal Specialist. Personal Property Management. 2. DEFINITIONS. Seized. – Confiscated property agency is responsible for until final ownership is determined.. . Pamela Wentz, Director. Agenda. Unclaimed Property Reporting Overview. Holder Duties . C. ommon . R. eporting Errors. Requirements for Royalties. Best Practices. 1099 Reporting. Questions & Answers. Jen Borden, Borden Consulting. Shawn Kane, Crowe Horwath, LLP.. Debbie . Zumoff. , Keane. Peder. . Hagberg. , Carl . Hagberg. & Assoc.. Moderator:. Speakers:. Securities Audits. Shawn M. Kane, Partner. 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. . 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.