If you are an employer in
Pennsylvania, this information may be
helpful to you:
Employers
in Pennsylvania are subject to the
Disposition of Abandoned and Unclaimed
Property Law. April 15th is the
deadline to report and deliver unclaimed
property to the Pennsylvania Treasury.
Unclaimed property is any property
without a lawful owner, or whose owner
cannot be identified or found, that has
remained unclaimed for at least one
year. Property may include both tangible
and intangible property, including
uncashed checks, accounts payable,
credit balances, certain gift cards,
bank accounts, and insurance proceeds.
Any business or organization in
possession of unclaimed property and who
fails to report it may be subject to
fines and other penalties, including 12
percent interest charged from the date
the property was due.
Pennsylvania Treasury is offering a
series of Webinars to help you learn how
to ensure your business is compliant and
to help make the process of reporting
easier for you. Please visit
patreasury.org to register for the
Webinars.
Unclaimed Property 101 - One
hour:
Identify unclaimed property; establish
policies and procedures for handling
dormant accounts; place internal
controls on these accounts; file a
report by April 15th.
March 31st at 10:00 a.m. ● April
5th at 10:00 a.m.
Filing an Unclaimed Property
Report in Pennsylvania - One hour:
Identify unclaimed property;
prepare and file your annual unclaimed
property report.
March 31st at 2:00 p.m.
●
April 6th at 10:00 a.m.
Patreasury.org contains information
about filing an unclaimed property
report, including detailed instructions,
free electronic reporting software, a
copy of the unclaimed property law, and
a list of frequently asked questions.
Treasury's Unclaimed Property Compliance
Team is also available to assist you
with any questions. Please call
1-800-379-3999, Monday - Friday, 8:00
a.m. - 5:00 p.m. EST or email
[email protected].
PS: Be sure to visit
patreasury.org or call
1-800-222-2046 to see if Treasury has
property waiting for you or your
business to claim.
Offices of State Senator Wayne D. Fontana
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