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Unclaimed Property
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Do you have a voluntary compliance program?
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Answer:
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Treasury is offering holders that have not filed sufficient unclaimed property reports with an opportunity to avoid penalty charges on any property voluntarily remitted. To be eligible, your entity must file unclaimed property reports for the previous four reporting years. Penalties will not apply to property voluntarily remitted; however, interest will be charged from the date the property should have been reported. If records are not available for certain property types or review periods, your entity is required by law to estimate the amount of unclaimed property for the property types and review periods for which records are not available.
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