Unclaimed Property Reciprocity: Panacea or Pandora's Box?

By Karen Anderson - The complexity of the differing state laws, regulations, forms and formats pertaining to annual unclaimed property compliance cause many practitioners to seek methods for simplifying the compliance process. One such method is reporting and remitting all unclaimed property "reciprocally" through the state where the practitioner's business is headquartered or incorporated, regardless of which state the property should be reported to under state unclaimed property laws. This…