Reporting Unclaimed Property in California – What you need to know.

Event Details

Are you in compliance with the Unclaimed Property Law?  The Unclaimed Property Law requires holders of unclaimed property to file reports with the State Controller’s Office on an annual basis. Failure to comply may subject you to penalties, interest, and an audit performed by representatives of the State Controller’s Office. This information packed course is designed to educate you on the law and requirement for reporting unclaimed property and California’s unique two-step report process.

Topics to be covered:

  • An overview of California’s reporting process
  • Common property types
  • Tips for tracking unclaimed property
  • A review of dormancy periods
  • Property owner due diligence notice requirements
  • Interest, fines, and penalties
  • Common reporting errors
  • State Controller’s Office resources

Presenter Bio:

Ted Rozalski is a lead analyst in the Holder Outreach and Compliance Unit of the Unclaimed Property Division of the State Controller’s Office. He specializes in  educating California business owners on the Unclaimed Property Law and the reporting process.  Staff of the Outreach and Compliance team speak at events and webinars, provide one-on-one assistance to businesses holding unclaimed property, and ensure current reporting laws and information is available on the public Web site.