Some people hear the term attorney general and they immediately fear negative consequences. Yes, the office undeniably carries out certain legal duties. But, in this case, the AG is offering help to many businesses that are unknowingly breaking the unclaimed property law.
BizVoice magazine offers this column explaining the current amnesty program. Below is information from the AG’s office regarding free education sessions that will help you play by the rules.
The Office of the Indiana Attorney General will offer three free unclaimed property reporting education sessions in June that will provide the essentials of reporting and compliance for office managers, accounting practitioners, and other legal and financial professionals responsible for the unclaimed property function in their organizations. Sessions will last approximately one hour, with additional Q&A time at the end. Attendees will have the opportunity to refresh their knowledge, clarify questions about the amnesty program, be advised of new legislative changes and learn new software tools.
The agenda will include:
- Introduction to unclaimed property: basic definitions and rules of jurisdiction
- Identifying unclaimed property: property types, dormancy periods and effective due diligence
- Preparing your report: registration, common reporting errors and advantages of electronic reporting
Sessions will take place at the Indiana Government Center from 10-11 a.m. Dates are June 2 (conference room 2), June 9 (conference room 4) and June 16 (conference room 2). Participants must RSVP no later than 48 hours prior to each session. Once registered (include preferred date in subject title) with byuan@atg.in.gov, you will receive a confirmation e-mail with additional information. Include attendee name(s), title, company, phone number and e-mail in your registration message.