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Unclaimed Property and the Reporting of Unclaimed Wages



Tuesday, October 16, 2012
Product Code - PYAU01
Speaker(s): Marlys A. Bergstrom, Attorney, Sutherland Asbill & Brennan LLP
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One of the most important yet unappreciated jobs in a company falls to the individual who is responsible for filing the annual unclaimed property reports.  As state deficits rise and many budgets are in the red, state Treasurers and Unclaimed Property Administrators increase enforcement to ensure continual influx of money into the state coffers.

Unclaimed wages is one of the foundations of unclaimed property reporting.  Although it is one of the most reported and most "obvious" property types, the legislation and other requirements surrounding unclaimed wages makes it perhaps one of the most fascinating and frustrating unclaimed property types.

Join Marlys A. Bergstrom, Attorney, Sutherland Asbill & Brennan LLP with 15 years of Unclaimed Property experience as she discusses the following:

  • What's UP in Unclaimed Property
    • What's going on?  The current landscape in unclaimed property reporting and enforcement.
    • Hey!  Where did my dormancy period go?  The shrinking of dormancy periods.
    • Peer into the crystal ball.  What does the future hold for unclaimed property compliance 
  • What are and are not uncashed wage checks for purposes of unclaimed property reporting?  Looking at the data before reporting the data.
    • Duplicates, voided checks and other errors
    • Follow-up research
    • Pre-due diligence letter 
  • The "Triple D"  (the Dreaded Due Diligence Letter)
    • What is the correct format?
    • Do all states require it?
    • Does everyone need to get it?
    • Can't anybody read anymore?  How to cut back on the questions 
  • Completing the Form and Remitting the $$$$
    • Uniformity among the states
    • Software, manual, or outsource
    • To wire or not to wire 
  • State Potpourri
    • Recent dormancy changes
    • Exemptions
    • Filing requirements
    • Aggregation

Register quickly and easily online  to secure your space now. Or, please call 1-800-372-1033 option 6, then sub-menu option 1, and refer to date and title of conference. Lines are open Monday through Friday from 8:30 a.m. to 7:00 p.m. ET, excluding most federal holidays.

Don't miss this opportunity to hear a lively, dynamic presentation. Not only are Webinars an excellent way for you to stay current; with Bloomberg BNA you also get:

  • Quality. Count on it. Nothing is canned.
  • Objectivity. Bloomberg BNA provides you with the best and most objective information. Unlike other companies, we don't use our Webinars as a forum to sell outside solutions.
  • Affordability. Bloomberg BNA Webinars are inexpensive compared to the cost of travel to attend a conference. Plus, you may use a speakerphone and invite as many of your colleagues as you want to listen in-all for the price of a single registration.
  • Convenience. No airlines. No travel. No time out of the office.

In addition, you'll receive:

  • Personal attention. Once you've registered, send your questions in advance to rbronson@bna.com and they'll be included in the program. You'll also have a chance to ask your questions during the Webinar.
  • Follow-up materials. You need no materials upfront to follow along to our live conference. But Bloomberg BNA always issues a follow up e-mail with contact information for our speakers, as well as other materials related to the topic.
  • 1.0 CPE or APA RCH credits by attending this Webinar. Find out how.

CPE APA RCH

Bloomberg BNA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org

Prerequisite: No prerequisites required
Level: Basic

Delivery Method: Group-Internet

Advanced Preparation: None required
Recommended CPE Credit: 1.5

Recordings of the program do not qualify for CPE credits. For more information regarding administrative policies such as complaint and refund, please contact our offices at 800-372-1033.

 

Marlys A. Bergstrom, Attorney, Sutherland Asbill & Brennan LLP

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Marlys Bergstrom is a member of Sutherland's Tax Practice Group, focusing her practice on unclaimed property compliance, planning and related restructuring, and audit defense.

Marlys has more than 14 years public accounting and state auditing experience, including complex unclaimed property consulting projects for multinational clients in the high tech, oil and gas, wholesale distribution, manufacturing, retail, pharmaceutical, travel, healthcare and insurance sectors. Prior to joining Sutherland, Marlys was the West Region Leader and Director of the National Unclaimed Property Compliance Practice at PricewaterhouseCoopers and, more recently, Audit Director for Verus Financial in Atlanta and New York. She has a thorough understanding of unclaimed property laws and statutes, and audit defense strategies, and she is proficient in statistical sampling methodologies. She is a frequent author and speaker on unclaimed property issues. Marlys is admitted to the State Bar of California. Her work is supervised by State Bar of Georgia members.