Category: Unclaimed Property Compliance 101

Is Unclaimed Property a Trap? Debunking the Myths and Simplifying Compliance

Many businesses are aware of unclaimed property reporting, but for some, it remains a confusing and overwhelming burden. Questions like "Is unclaimed property a trap?" linger, fueled by either misconceptions or the daunting prospect of a manual and tedious process. Meanwhile, other businesses face a different reality: scrambling to quickly...

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Understanding Unclaimed Property Audits in Comparison to Tax Audits

Unclaimed property audits, unlike tax audits that businesses are typically more familiar with, present unique challenges that can significantly impact a business's compliance strategies. Understanding Unclaimed Property Audits Unclaimed property refers to assets or funds that have become separated from their rightful owners. Businesses in a variety of industries such...

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Unclaimed Property Compliance Goes Viral: What Does This Mean for Holders?

Unclaimed property compliance has gone viral, with several TikTok videos popping up in recent months – some of them with over 5 million views and counting. Many of these videos discuss the issue of unclaimed property and encourages viewers to search their state's unclaimed property website to see if they...

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