Navigate complexities of unclaimed property.
Unclaimed property takes many forms, including uncashed checks, dormant bank accounts and unclaimed gift cards. If a business fails to follow the applicable unclaimed property reporting requirements, it may be subjected to an unclaimed property audit that could result in significant fines and penalties.
State and local tax professionals understand the issues around unclaimed property and can help navigate the compliance challenges.
- Help identify and report unclaimed property
- Assist with voluntary disclosure agreements
- Provide audit defense