Unclaimed property can include the value implicit in uncashed checks, gift certificates, customer merchandise, overpayments, various bank accounts, funds, unused and outstanding non-ERISA benefits, etc. What happens to these assets and funds if they remain unclaimed? David Libman explains the current situation in the January 2010 issue of the M & A Tax Report.
* * * * *
This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.
Read this article from CCH’s Journal of Taxation of Financial Products