About the Author:
• Eliminates the deduction currently available. • Colorado becomes a CTP state, such that, for mineral interests (including royalties), once the abandonment period is met for the first payment, all subsequent amounts due, held or owing to an owner become reportable. • Interest rates and penalties increase, though they may be waived by the administrator.
Gary Joseph, MBA, CIA Senior Manager Keane Consulting and Advisory
Gary Joseph assists companies operating in the energy sector with State Unclaimed Property compliance. Gary has nearly a decade of experience
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in the Unclaimed Property space, formerly serving as both an Audit Manager and Program Leader for a 3rd party audit firm and now assisting clients defend against audits, navigate through voluntary disclosure engagement and obtain overall compliance. He resides in Houston, Texas!
We here at Keane sincerely hope that you are finding our articles to be useful and value adding. If there is any specific subject matter applicable to the industry of which you wish for us to address in the future, we ask that you reach out using the contact information in the “ABOUT THE AUTHOR” section.
Phone: (267) 566-3962 Email: gjoseph@keaneup.com
North Carolina
Reporting Reminder for Unclaimed Property Holders Unclaimed property holder reports from businesses and organizations are due to the North Carolina Department of State Treasurer by November 1 of each year; unless you are a life insurance company, in which case your reports are due by May 1 of each year.
We have a NEW enhanced website!
Visit NCCash.com and scroll down to see our Holder Reporting portal. This is a new feature that allows you to submit your report directly to us! The Holder Payment portal is a new feature that allows you to submit a payment if you are paying by ACH and your report has been submitted via the Holder Reporting portal. Holder Information and Reporting contains links to North Carolina’s 4 Step Reporting Process. If you are in the process of preparing your report, visit Step 3: Prepare Your Report. If you have a report created, visit Step 4: Submit Your Report and Remit Funds Due. Visit the Reporting Library to locate reference material and guides.
If you have questions, please contact us by email at: upreports@nctreasurer.com
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