Due diligence letters for unclaimed property

June 9, 2020

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Q. I am preparing due diligence letters to send to vendors who did not cash their checks. How many days do you need to allow them to respond back to you before you escheat the money to the state? A. (Answered by True Partners Consulting LLC, a 3rd party, independent advisory services firm offering experienced and practical help for unclaimed property and sales and use tax compliance. You can learn more about them at TPCtax.com.) While states specify when the due diligence letter has to be sent…

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