True Partners Insights
Negotiation of Voluntary Disclosure Agreements Insights
This article was originally published in Bloomberg Law (password required) Authors: Donna Culver, Morris, Nichols, Arsht & Tunnell, and Matthew Chenowth and Jim Weigand, True Partners Consulting The extended shuttering of business operations due to the Covid-19 pandemic is expected to contribute to a sharp increase in corporate bankruptcy cases in 2021. As beleaguered companies seek to reorganize or sell themselves through the Chapter 11 bankruptcy process, prospective acquirers of […]
A Chat with Thomas Ross – Statistical Analysis in Unclaimed Property Audits
This article originally appeared in the Winter 2020 issue of the Journal of State Taxation. By Matthew B. Chenowth and Thomas Ross Matthew B. Chenowth and Thomas Ross discuss the changes in unclaimed property audit, including an increase in the use of estimations to calculate liabilities for companies. As a result of the COVID-19 pandemic and the resulting economic downturn, states are looking for ways to increase sources of revenue, […]
Five W’s of Unclaimed Property Record Retention
Anyone following the latest blogs and articles about unclaimed property (“UP”) cannot help but notice the doomsday tidings of more audits on the horizon. While this is nothing new, it has gained greater momentum given the COVID pandemic’s impact on State revenues. States need money, and they are looking to UP to fortify their revenue deficits. For example, New York is issuing a significant amount of invitations to participate in […]
