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REPORT OF UNCLAIMED PROPERTY UTAH STATE TREASURER UNCLAIMED PROPERTY DIVISION 341 South Main Street, 5th Floor Salt Lake City, Utah 84111Holder: Utah County Auditor Attention: Bryan Thompson, County

How to fill out report of unclaimed property

How to fill out report of unclaimed property

1. To fill out a report of unclaimed property, follow these steps:
2. Gather all relevant information about the unclaimed property, including the owner's name, contact information, and a description of the property.
3. Determine the applicable reporting period and deadline for submitting the report. This information is typically provided by the governing authority or agency responsible for handling unclaimed property.
4. Prepare the report form or template provided by the governing authority. Ensure that you accurately enter all required information for each unclaimed property item.
5. Attach any supporting documentation, such as copies of correspondence with the property owner or evidence of attempts to locate the owner.
6. Review the completed report for accuracy and completeness. Double-check all entered information to avoid any errors.
7. Submit the report and any required fees to the appropriate governing authority within the specified deadline.
8. Keep a copy of the report and supporting documentation for your records.
9. Follow up with the governing authority to ensure that the report has been received and processed correctly.

Who needs report of unclaimed property?

1. Various entities may need to fill out a report of unclaimed property, including:
2. - Businesses: Any business that holds unclaimed property, such as uncashed checks or abandoned bank accounts, may be required to file a report.
3. - Financial Institutions: Banks, credit unions, and other financial institutions often have unclaimed property from inactive or dormant accounts.
4. - Insurance Companies: Insurers may be responsible for reporting unclaimed life insurance policies or unpaid claim proceeds.
5. - State Governments: State governments are often tasked with handling unclaimed property and may require certain entities to submit reports.
6. - Nonprofit Organizations: Nonprofits that receive donations or hold funds on behalf of others may also have unclaimed property that needs to be reported.
7. It is important to consult the specific laws and regulations of your jurisdiction to determine if your organization is required to file a report of unclaimed property.

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What is report of unclaimed property?

Report of unclaimed property is a document that lists assets that have been abandoned or left unclaimed by their rightful owner.

Who is required to file report of unclaimed property?

Financial institutions, insurance companies, utility companies, and other holders of abandoned property are required to file report of unclaimed property.

How to fill out report of unclaimed property?

Report of unclaimed property can be filled out by providing the required information about the abandoned assets, including their description, value, and attempts made to locate the rightful owner.

What is the purpose of report of unclaimed property?

The purpose of report of unclaimed property is to reunite abandoned assets with their rightful owners or, if owner cannot be located, transfer the assets to the state's unclaimed property program.

What information must be reported on report of unclaimed property?

Information such as the type of asset, its value, date of last contact with owner, and efforts made to locate owner must be reported on report of unclaimed property.