Financial Institutions’ Unclaimed Property

Tax Services

January 01, 2015
by

Bookmark and Share
 

Financial institutions have long been aware of the unclaimed property reporting requirements, but recent audit activity and investigations by a few Midwestern states have shown significant underreporting. What’s the significance of this issue? Minnesota, Wisconsin, and other states are actively increasing audit activity, including the hiring of third-party contingent fee auditors, and financial institutions are being targeted.


Average Rating:

Length: 2 pages (PDF 84 kB)



Rate this Article
*  =  required fields
Your Rating*
Name*
E-mail Address*
Company