Your Alabama Unclaimed Property Report is Due November 1, 2020
If your company or organization holds unclaimed property with situs in Alabama, you must file an annual report with the State of Alabama Treasurer’s Office. This report covers property that is deemed to be unclaimed as of June 30, 2020.
Alabama does not require negative reporting; that is, if you hold no unclaimed property as of June 30, 2020, a report is not required. You may also have unclaimed property filing requirements with other states. Filing requirements and due dates vary by state.
How Do You Know If You Have Unclaimed Property?
The links below will help you to determine if your business has reportable unclaimed property:
- Guide for Identifying Unclaimed Property
- Reporting Forms and Instructions
- Alabama Unclaimed Property Program Rules
- Alabama Dormancy Periods
How Do You File Your Unclaimed Property Reports?
If you have reportable unclaimed property, the second link, “Reporting Forms and Instructions,” will assist you in filing and remitting monies electronically.
What If I Want BMSS to Prepare My Unclaimed Property Reports?
If you have reportable unclaimed property and you would like us to prepare the annual report for you, please contact your BMSS CPA or one of our State & Local Tax Services professionals at (833) CPA-BMSS.
If you request that we prepare your unclaimed property report(s), our fees will be based on the standard hourly rates for the actual time incurred. If engaged, we will email you a schedule for completion and the unclaimed property reports will be prepared based on the information provided to us by you.
If you have any questions, please contact your BMSS CPA or one of our State & Local Tax Services professionals at (833) CPA-BMSS.