Unclaimed property

Stacey Roberts and Connie Zoerink, from TaxOps’ SALTovation Team, continue their mini-series about transaction taxes with talk about unclaimed property. While unclaimed property is not a tax, it does fall into the state and local tax area. What You Will Discover: [00:47] What is unclaimed property [01:50] Reporting requirements [03:39] States can audit unclaimed property [04:55] Reporting deadlines [06:01] Where to go to find out if you have money owed to you Quotables: “Unclaimed property is actually not a tax, but it typically falls in the state and local tax area just because it’s something that is reportable or claimable from every state.” - Connie Zoerink [01:29] “Like you said, it’s not a tax, but it’s a reporting that taxpayers really need to be aware of, and in some cases, this could be low-hanging fruit for some states.” - Stacey Roberts [04:42]