Lost and found: Adventures in unclaimed property

Part of the Tax News & Views podcast series

X marks the spot to … filing obligations for unclaimed property? For US companies, that is a reality of unclaimed property laws across jurisdictions and one that tax departments need to be vigilant about in their tracking and reporting efforts. In this latest episode, hear from Deloitte unclaimed property specialists on the latest adjustments in the unclaimed property marketplace and how it should be handled.

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Lost and found: Adventures in unclaimed property

Unclaimed property reporting is a voyage far more complicated than uncovering lost treasure. With unclaimed properties being one of the biggest sources of revenue for states, it is crucial for organizations to grasp the full scope of their abandoned property procedures and explore options available in their jurisdiction or risk being a target for non-compliance. In this episode, Deloitte specialists Lauren McGuire and Tara Mastroserio dive deep into unclaimed property reporting, newly available voluntary compliance programs, and other big news in the property world:

Sometimes companies will complete a Voluntary Disclosure Agreement or an audit and think they’re done, but they may not think about the companies they’ve acquired over the years where they may be inheriting years’ worth of unclaimed property.

—Lauren McGuire

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