Unclaimed property procedure

May 22, 2019


Q. I want to create a process for handling and reporting unclaimed property. Can you provide me with suggestions? A. You are wise to go about starting your Unclaimed Property process thoughtfully! Industry estimates indicate that just 20 percent to 25 percent of organizations are fully compliant with unclaimed property laws.If your company holds money or property that goes unclaimed for a specified period of time without the owner being located (the “dormancy period” is usually three to five…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today

Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500