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
Featured Thought Leader
Daryl L. Ohland, CPA, CIRM, MST
Daryl has more than 27 years of public accounting experience and 5 years of experience as an auditor with the Wisconsin Department of Revenue. His state and local tax consulting experience includes representing clients before the Wisconsin Department of Revenue on such issues as sales and use taxes, private letter rulings, personal and real property taxes, nexus, and apportionment. Daryl has a proven track record of successfully representing middle-market and Fortune 500 clients alike in audits by various departments of revenue.