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
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• [01:50] Reporting requirements
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• [03:39] States can audit unclaimed property
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• [04:55] Reporting deadlines
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• [06:01] Where to go to find out if you have money owed to you
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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]
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• “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]

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Production Support

This episode was produced with support from Truth Work Media. www.truthworkmedia.com

Mentioned in this episode:

SALT Contact

SALT Contact