Audio Conferences

  September 23, 2005 at 02:00PM ET

Don’t let your organization fall victim to fines of up to $25,000 for willful failure to report property!

Under the Uniform Unclaimed Property Act, you’re now required to file unclaimed property or escheat reports annually—and make good-faith efforts to find owners of dormant accounts.

As states come under growing pressure to enhance revenue, non-compliant companies become easy targets for stiff penalties and fines.

Take advantage of this golden opportunity to bring yourself—and your AP staff—up-to-date on unclaimed property. Join IOMA for this information-packed audio conference and discover how to handle escheatment appropriately.

Forty-one states have fall deadlines, so don’t delay. You’re running out of time to become compliant!

In just 90 minutes, you will get a thorough understanding of:

• What types of property must be reported
• Which state should unclaimed property be reported to
• When should unclaimed property be reported including:
  • how are the dormancy periods applied
  • tips on reporting deadlines and extensions
• What formats, media, and delivery are used to report and remit unclaimed property
• Penalties for failure to report and late reporting
• Data review and internal due diligence techniques
• How to evaluate A/P and prevent “over-reporting”
• Preventing and preparing for audit
• Penalty review and negotiation
• Latest developments

Featured Faculty:

Karen Anderson
Vice President, Unclaimed Property Recovery and Reporting (UPRR)

Karen Anderson, a vice president in the consulting practice of Unclaimed Property Recovery and Reporting (UPRR), has been involved in the unclaimed property compliance industry for almost 15 years. Her professional background includes expertise in government policy with an emphasis on state unclaimed property law and regulation.

Robert C. Murray
Vice President, ACS-Unclaimed Property Recovery and Reporting (UPRR)

Robert C. Murray, a vice president at ACS-Unclaimed Property Recovery and Reporting (UPRR), manages the company's nonsecurities consulting practice. Bob is a certified public accountant who has been active in the unclaimed property industry for the past 7 years. He previously served as a senior financial executive with various companies in the specialty retail industry and has a unique understanding of the operations-related issues facing corporations in meeting unclaimed property compliance requirements.