Unclaimed property

Proactive and reliable support to help you navigate through the complexity of unclaimed property laws.

Forward-thinking solutions you can depend on

State unclaimed property laws generally require “holders” to report and remit a multitude of property types - such as checks, credits, royalty suspense balances, bank and brokerage accounts, securities holdings, and unredeemed gift card values - that have been unclaimed by an owner or inactive for a statutorily defined period of time.

Frequent legislative changes, administrative reinterpretations, and audit and enforcement activity creates complex challenges for entities that hold and generate unclaimed property liabilities.

Whether responding to an unclaimed property audit notice, completing annual compliance obligations, or taking other proactive steps for risk identification and mitigation, KPMG’s dedicated unclaimed property professionals offer deep technical knowledge, unique solutions, technological aptitudes, and strong relationships with state unclaimed property administrators to help organizations across a broad range of industries identify and resolve known and unknown unclaimed property risks.

Our services include:

  

  

Consulting

  • Audit Defense & Risk Assessments
  • Voluntary Compliance Resolution (VDA) Support
  • M&A Due Diligence
  • Penalty & Interest Calculations
  • Development of Policy & Procedures and Leading Practices

  

  

Compliance

  • Compliance Matrices and Legislative Tracking
  • Due Diligence Production, Mailing, and Tracking of Responses
  • Report Preparation and Filing Support
  • Past, Present, and Future Due Liability Analysis
  • Foreign Jurisdiction Guidance

  

  

Process Improvement

  • Data Rehabilitation & Clean Up Filings
  • Statutory Exemptions Analysis
  • Improved Address, Next of Kin, and Death Master File (DMF) Search programs
  • Past Due Property Abatement Strategies
  • Education and Training Sessions
  • Asset recovery services
  • Audit-related support services
  • Compliance resolution services
  • Compliance services
  • KPMG TRAIN

Asset recovery services

Unclaimed property asset recovery services
Learn how KPMG's Unclaimed Property team can help you secure lost assets.

Audit-related support services

Unclaimed property audit-related support services
Learn how KPMG can help companies control unclaimed property audit-related risks.

Compliance resolution services

Unclaimed property compliance resolution services
Learn how KPMG's compliance services can help assist in minimizing the risks of non-compliance.

Compliance services

Unclaimed property compliance services
Our compliance services help assist in minimizing risks of noncompliance while keeping clients engaged and informed throughout the reporting process. Learn more.

KPMG TRAIN

KPMG TRAIN
Learn how the KPMG TRAIN can help centralize, automate and reduce the time required to help ensure proper unclaimed property compliance.

How does this impact your industry?

Contact us

William King

William King

Partner, State & Local Tax, Unclaimed Property, KPMG US

+1 214-840-6107
Marion Acord

Marion Acord

Managing Director, State & Local Tax, Unclaimed Property, KPMG US

+1 404-222-3053
Jenna Fenelli

Jenna Fenelli

Managing Director, State & Local Tax, Unclaimed Property, KPMG US

+1 973-912-4546