Unclaimed property

Baker Tilly tax specialists have experience with the escheat laws that govern unclaimed property. These laws require most businesses to report and remit unclaimed property to state authorities. The term covers a range of assets that include payroll checks, customer credit balances, dividend and interest checks, and in some states, gift certificates.

In a climate where aggressive state enforcement efforts, the use of contract auditors or "bounty hunters," and extended statutes of limitation for audits have increased the risk of being penalized for noncompliance, our team of tax professionals help you meet the complex reporting requirements.

Baker Tilly’s escheat services include:

• Advance planning and restructuring for unclaimed property matters
• Unclaimed property compliance reviews
• Creation of unclaimed property management systems
• Voluntary disclosure agreements
• Due diligence and audit defense
• Compliance and reporting services 

Contact our tax services team >