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Aged Credit Balances
Bond Redemptions Cash or Stock Dividends Certified Checks Gift Certificates Health or Accident Payments Insurance Premiums and Claims Interest Money Orders Payroll Checks Pension and Profit Sharing Plans Royalties Rebates Refunds Traveler’s Checks Unexchanged Shares Vendor Checks 
Distribution
Finance and Securities Banks Broker Dealer Credit Unions Mortgage Mutual Fund Companies Transfer Agents Healthcare Insurance Manufacturing Retail Telecommunications Service |
 Abandoned Property Services
How do I protect my company?
You can protect your company by being proactive. Although a state audit will examine the last twenty years of your financial records, if your company performs a voluntary disclosure, some states will only examine the last five years. So ignoring the problem and waiting for a state to raise the issue could be extremely expensive. Can I solve my abandoned property problem in-house? The laws are enormously complex • Over 100 types of abandoned property
• Each state has its own set of schedules and filing requirements • The process of accounting for endless years of abandoned property requires complex extraction methodologies • Negotiating with state abandoned property departments requires knowledge and expertise. APS offers “Big 4” experience An at-risk company needs a firm that specializes in abandoned property audits:
• Understands compliance reporting requirements and voluntary disclosure negotiations
• Has a reputation for expertise and integrity • Has longstanding business relationships with state administrators around the country |
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© 2008 Abandoned Property Services, LLC. All rights reserved. webmaster. site credits: LWD. |
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