CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
Financial
institutions face the unique challenge of complying with state unclaimed
property law while managing customer relationships and protecting customer
assets. Escheating a customer’s account timely is critical to maintain
compliance, but can also yield negative results and organizational risks if
the customer is not truly lost or inactive.
This
webinar will focus on complex state unclaimed property reporting
requirements and the unique challenges facing banks and other financial
institutions. Learn best practices to mitigate risk proactively,
efficiently track customer contact, and monitor recent legislative updates
that could impact your organization.
Covered
Topics:
- Overview of unclaimed property reporting
requirements
- Trends impacting financial organizations
- Handling of unique property types, such as IRAs,
CDs, and Safe Deposit Boxes
- State dormancy periods
- Exemptions and deductions
- Owner outreach and due diligence campaigns
- Best practices for maintaining contact with
customers
- Costly pitfalls and reporting errors to avoid
Who
Should Attend?:
Anyone
responsible for the oversight, management, and reporting of unclaimed
property; such as bank operations managers, compliance officers, risk
managers, and internal auditors. Please
forward email to appropriate person(s).
Instructors:
Maggie
Young is a Senior Manager
in Crowe’s State and Local Tax practice and has nine years of experience in
state taxation. Her primary focus is unclaimed property consulting and
compliance. She has extensive experience with state controversy resolution
in the field of unclaimed property, income tax, and sales tax. Maggie
specializes in multistate unclaimed property compliance, voluntary
disclosures, audit defense, risk mitigation, and exposure analysis. She
assists clients in the retail, manufacturing, and financial services
industries. Prior to joining Crowe, she was a tax auditor for the State of
Michigan. Maggie is a licensed CPA in Illinois and certified by the
Unclaimed Property Professionals Organization.
Michael
Unger
is a Senior Manager in Crowe’s Unclaimed Property practice. He has assisted
complex, multinational companies with a variety of unclaimed property
matters. Michael specializes in annual compliance, exemption analysis and
liability reduction, state voluntary disclosures, and audit defense
representation. Michael is a lead for Crowe’s unclaimed property
controversy services, having navigated numerous multi-jurisdictional
unclaimed property settlements and advocating for more favorable outcomes
for his clients. He also has a history of success in challenging
questionable state audit techniques. Michael has a decade of unclaimed
property experience and advises clients in several industries. He serves as
the unclaimed property leader for Crowe’s financials sector and has heavy
involvement in the controversy service line for healthcare, retail, and
technology. Michael is certified by the Unclaimed Property Professionals
Organization and has his MBA from the University of Missouri.
Zach
Robbins has
been a member of Crowe’s State and Local Tax practice since August 2015. He
provides consulting and compliance services related to unclaimed property,
credits and incentives, and sales and use tax. Zach has 5 years of
unclaimed property experience and focuses his time on assisting clients
with multistate compliance, voluntary disclosures, audit defense and risk
mitigation. Zach received his undergraduate degree from The George
Washington University in Washington, D.C. and his juris doctor from Suffolk
University Law School in Boston. He is a member of the Illinois bar and
certified by the Unclaimed Property Professionals Organization.
What
Is A Webinar?:
A
webinar combines the clarity of an audio teleconference with the
interactivity and visual presentation of the internet. All you need to
participate is a telephone and an internet connection. Even if you don't
have an internet connection, you can still participate in the audio
session. Listening to the program over the telephone and following the
written materials is an effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
Options (all options include applicable handouts):
All
options include applicable handouts. You can choose to pay by credit card
or be billed. Additional Live Webinar connections are $75 each.
Option 1: Live
Webinar and 7 Days OnDemand Video Playback - $265
Option 2:
OnDemand Video (six months access) - $295
Option 3: Live
and 6 Months of OnDemand Video - $365
Option 4: CD-ROM
Video (Includes OnDemand Video) - $345
Option 5: Entire
Package (all of the above) - $395
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