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Unclaimed Property

Mitigate risk with a proactive plan for unclaimed property reporting and management

As states look for more sources of revenue, unclaimed property is an increasingly important area of concern for many businesses. If you have uncashed checks, dormant bank accounts, unredeemed gift cards, customer credits or other types of unclaimed property, you may be required to report these assets to the state or face substantial penalties and interest.

Our unclaimed property team has risk mitigation, process improvement and controversy resolution experience to help you manage your exposure to risk. We provide:

  • Risk assessment and process reviews
  • Consulting
  • Exposure quantification
  • Audit mitigation and controversy
  • Voluntary disclosure agreements
  • Compliance

Learn more about RSM’s comprehensive unclaimed property services.

Related Insights

US Supreme Court to hear Delaware unclaimed property check dispute

TAX ALERT

US Supreme Court to hear Delaware unclaimed property check dispute

Twenty-three states challenge the escheat of MoneyGram official checks, claiming instruments should have escheated to state of purchase.

Federal court dismisses unclaimed property complaint

TAX ALERT

Federal court dismisses unclaimed property complaint

Complaint that Delaware’s unclaimed property law was preempted by federal law and audit requests were illegal search and seizures dismissed.

INSIGHT ARTICLE

Retailers must be mindful of gift card tax pitfalls

Retailers should assess gift card procedures including an annual review of reporting, sales tax, unclaimed property and more.

Delaware addresses unclaimed property VDA in light of Temple-Inland

TAX ALERT

Delaware addresses unclaimed property VDA in light of Temple-Inland

Statement by Delaware Secretary of State to unclaimed property holders in voluntary disclosure provides changes in light of Temple-Inland.

Temple-Inland’s Delaware unclaimed property audit challenge dismissed

TAX ALERT

Temple-Inland’s Delaware unclaimed property audit challenge dismissed

Federal District Court finds that Delaware’s unclaimed property methodology and audit techniques violate substantial due process.

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