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Negotiation of Voluntary Disclosure Agreements Insights

6 Keys to Understanding Gift Card Escheatment

Authored by John Marbach, Manager and Matthew Chenowth, Director While there are many types of property that go unclaimed, one classification of Unclaimed Property “UP” that often creates confusion involves the escheatment of gift cards and other similar stored value instruments (“GC”). To assist you in taking control of your company’s UP GC obligations, outlined below are “6 Keys” to mastering gift card escheatment: 1. Understand Priority Rules: Determine which […]

December 13, 2021

5 Steps to Wrap Up Fall Unclaimed Property Compliance

The Fall unclaimed property (UP) compliance reporting cycle has concluded, you may think you’re done since the reports and remittances have been submitted for the October 31/November 1 state deadlines.  However, here are five important action items to consider for wrapping up and getting ready for the next reporting cycle: Update Your Records. If you have not done so already, update your records to reflect which properties were reported, resolved […]

December 6, 2021

Practical and Tactical Strategies to Minimize Your Unclaimed Property Exposure

Robert Tucci and I recently exhibited at the 2021 IOFM APP2P Spring Conference & Expo in Lake Buena Vista, FL at Disney’s Coronado Springs Resort.  APP2P connects accounts payable executives, leadership members and their teams, to focus on issues impacting their departments including A/P disbursements, procurement, payment automation, fraud, sales & use tax, and unclaimed property related audit, risk and compliance issues. True Partners was excited to connect with many accounts payable professionals […]

September 10, 2021