As states crack down on collections and audits, rapidly changing escheatment laws make unclaimed property a growing challenge for business. Reporting unclaimed property also presents a unique set of challenges. Ensure that your company is fully compliant with the latest laws to avoid penalties, accrued interest, or possible criminal liability. During this live, 60-minute webinar, you will discover:
Dormancy period & priority requirements: What must you report and when?
Reporting unclaimed property: Latest procedures you must follow now
Identifying unclaimed property: Uncover hidden records & details
Differing state guidelines: 3rd party audits, multistate & single state rules
How to Identify Unclaimed & Abandoned Property: Stay in Compliance
Classifying unclaimed property: What falls under this category
How to handle uncashed checks, credit balances, & gift cards
Key property types & exemptions: Pin-point your assets & liabilities
Reporting Unclaimed Property: Requirements & Accountability for 2016
When & where to report unclaimed property: Varying state rules
Best tools to create a due diligence program & minimize liability
How & when to request amnesty or file a Voluntary Disclosure Agreement
Contract Auditors & Multistate Audits: Everything You Need to Know
3rd party audits: How to ensure your rights as a holder are protected
Protect yourself in the event of an audit: Top defense strategies
Key differences between multistate & single state auditors
Live Q&A Session - Have your specific unclaimed property questions answered!
About The Speaker
Tracey L. Reid, J.D., L.L.M, is President of Reid Unclaimed Property Services LLC (RUPS), a national Unclaimed Property consulting company. RUPS has helped businesses of all sizes become compliant with state unclaimed property laws since 2002.
Ms. Reid specializes in defending unclaimed property audits and conducting unclaimed property compliance reviews designed to assess exposure, potential savings opportunities, and compliance process improvements.
Tracey is a frequent speaker across the country in the area of unclaimed property and is also the author of the book "Unclaimed Property: A Reporting Process and Audit Survival Guide" (John Wiley & Sons, 2009).
Ms. Reid has also been featured in the Association of Financial Professionals Exchange magazine, AP Now and Tomorrow, and on the NPR Radio Program "Money Matter". She was also the 2012 President of the Unclaimed Property Professionals Organization and is a member of the Unclaimed Property Subcommittee of the American Bar Association's Business Tax Division.
In this jam-packed, 60-minute webinar, you will discover unclaimed property reporting and legislative updates to avoid audits at your company.