Unclaimed Property
Taxpayers are often unaware of their unclaimed property responsibilities. The states generally have very detailed unclaimed property laws, and noncompliance can lead to significant and unexpected liabilities. Genetelli can provide the guidance necessary to navigate the complexities of unclaimed property law. The Firm assists taxpayers in developing and implementing internal control systems for unclaimed property, identifying activities and transactions that may generate unclaimed property, and identifying events that may impact the unclaimed property reporting obligation. The Firm also offers compliance and audit support services, and can initiate strategies, including voluntary disclosure, to mitigate unclaimed property exposure.

• Compliance
• Utilization of Exemptions
• Development of Policies and Procedures
• Audit Representation or Consultation
• Voluntary Disclosure

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