to enter into the VDA Program. The risks of interest and/or penalties and involuntary audit selection, to include multi-state audit by a third-party firm, may be avoided if the holder participates in the program. *** Authors Gary Joseph is a Partner at Discovery Audit Services, LLC (“DAS”). He has more than a decade of unclaimed property experience both as a Senior Consulting Manager assisting holders in attaining and maintain compliance with state unclaimed property laws, as well as assisting in the administration and enforcement of compliance through third-party audit. Cory Roberts is the Audit Manager at DAS. He has nearly two decades of experience assisting states in the administration and enforcement of state unclaimed property laws. As the Audit Manager, he oversees all DAS examinations assigned by the States, and ensures they are executed in a fair, impartial, efficient, and timely manner.
with upstream or other operations in the Williston Basin and Bakken shale plays, should strongly consider participation in the program due to the unclaimed property exposure inherent in normal business operations, acquisitions and/ or exploration. Participation in the program may save the company unforeseen costs and expenses that accompany involuntary audit(s).
To conclude, holders are strongly encouraged to take advantage of any opportunity available to get into compliance for any past-due property, including acceptance of North Dakota’s invitation
Texans with unclaimed money could get checks in the mail without having to file a claim
Texas
Checks for unclaimed cash will be limited to unclaimed properties under $5,000 that the agency reasonably believes it can link to the correct owner. If you think you might have unclaimed property you can still search on ClaimItTexas.org or call 800-321- 2274 (CASH).There is no statute of limitations for unclaimed property the state holds, which means there’s no time limit for owners to file a claim.“I encourage everyone to visit ClaimItTexas.org to see if the state is holding some of their unclaimed property,” Hegar said.
The Texas Comptroller’s office paid out more than $300 million in fiscal year 2022, representing more than 160,000 claims paid to their rightful owners according to Comptroller Glenn Hegar. Texans who have unclaimed money could get checks in the mail without having to file a claim. The Texas Comptroller’s office announced that the process for sending checks was authorized by Texas House Bill 1514 in 2021.
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N at i onal A ssociation of D i v i s i on O rder A nalys t s
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