Unclaimed Property Advisory
UP Front: A 2021 Sightline for Unclaimed Property Professionals
Pushing Beyond the Limit: Examining the Scope of Subpoenas Issued During Unclaimed Property Audits
Federal Tax Update to IRAs Will (Further) Impact State Escheat Requirements
Last week, our Unclaimed Property Group examined the recently enacted SECURE Act and the significant changes the new law makes to the treatment of IRAs for state escheatment purposes.
Lengthens required minimum distribution age from 70.5 to 72
Repeals maximum age for traditional IRA contributions
Latest federal tax development to impact the unclaimed property treatment of IRAs
Read the full advisory here. [...]Read more
A Qui Tam Win for Holders, New Federal Common-Law Ruling, JPMorgan Appeals, and a Possible California Amnesty Program
Our Unclaimed Property Team highlights several recent rulings – both federal and state from across the country – and a new California law that could have broad implications for holders.
Qui tam rulings in Delaware and New York
A fight for removal from state to federal court
A possible California amnesty program
Read the full advisory here. [...]Read more