Unclaimed property (UP) is property of a third-party owner, held by a company, that must be treated as lost or abandoned if the property owner does not claim the property after a specific period of time.
As many as 90% of companies aren’t filing annual UP reports, or filing incorrectly. This could lead to a strain on internal resources and significant state assessments if questioned by the state or its 3rd party auditors. Join us to learn more.
Having an understanding of how the states audit, the expected documentation requirements to prove innocence, and the pitfalls of the complex compliance process could save a company a considerable amount in resources expended and state liability assessments.
Angela Gebert is a principal in Marcum’s state and local tax department with a specialization in unclaimed property. She leverages 25 years of experience leading tax and audit engagements to deliver highly tailored advice pertaining to unclaimed property, income/franchise tax, sales/use, and property tax, as well as various credits and incentive programs. Angela has focused primarily on unclaimed property for the last 15 years and has experience with clients across all industries, including manufacturing, distribution, education, retail, oil and gas, and healthcare.
Christian Burgos is national co-leader of Marcum’s State and Local Tax practice. He advises business and individual clients in multi-state tax matters, including multi-state income/franchise and sales and use tax compliance, nexus analyses, apportionment studies, state tax provisions, restructurings, and mergers and acquisitions. In addition, Christian has extensive experience representing business and individual clients before multi-state taxing authorities in tax examinations and administrative appeals processes, and has advised clients on a broad array of federal and state credit and incentives opportunities.
Prior to joining Marcum, Christian worked for a large national firm specializing in California corporation income and franchise tax. Over the course of his career, Christian has served clients in a wide range of industries, including consumer and industrial products, manufacturing, distribution, logistics, and information technology, among others.
Christian also sits as an adjunct faculty member with California State University, Fullerton, where he teaches State and Local Taxation as part of the University’s Masters of Science in Taxation (“MST”) program.
|Program Description||Unclaimed Property: What You Need to Know to Stay on Top of the Current Landscape|
|Important Notice Regarding CPE:|
|Learning Objectives||Participants will:
|Instruction Delivery Method||Group Internet Based|
|Recommended CPE Credit||1 Credit|
|Recommended Field of Study||Specialized Knowledge|
|Cancellation Policy||You may cancel your registration at any time prior to the event.|
|Complaint Resolution Policy||For more information regarding refund, concerns and program cancellation policies, please contact our offices at [email protected].|
Marcum LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.