Course Description: As states struggle to close budget gaps, many have aggressively pursued unclaimed property audits and expanded the types of property subject to escheat laws to include items such as gift cards. Enforcement practices such as the hiring of contingent-fee auditors and the use of certain estimation methodologies have created situations in which a business that is a “holder” of unclaimed property could end up paying a state more than is actually owed. Adding to the compliance headache is that each state has adopted its own unclaimed property laws, which makes it difficult of multistate companies to comply with the resulting patchwork of non-uniform requirements. This recorded webinar explores the current landscape in unclaimed property reporting and enforcement.
This is a recorded webinar that originally ran live on April 26, 2012. As an eLearning course, you must pass the final exam of this course to receive CPE credit.
Course Level: Intermediate
Course Prerequisites: None
Delivery Method: Self-study
After completing this course, you will be able to:
• Understand the various types of property that may be claimed by states as unclaimed property;
• Identify the basic legal requirements and audit scenarios arising from unclaimed property laws;
• Gain insights regarding current developments and trends in unclaimed property law; and
• Understand various structuring techniques to reduce unclaimed property liabilities.
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