Knowledge Center

Thursday, July 05, 2018

Jordan Goodman Presents "Illinois Landmark Unclaimed Property Law Requires Businesses in and out of State to Take Action" with BDO USA - 7/23/18

7/23/18 - 2pm-3:30pm EST
HMB and BDO USA
Complimentary Webinar
1.5 CPE Credits in Tax
1.5 CLE Credits in Tax (Illinois Residents)
Click here for more info and to register.

Jordan Goodman teams up with BDO USA's SALT practice to offer a webinar discussing recent changes to Illinois unclaimed property law.

With tax reform and Wayfair in the mainstream, new Illinois unclaimed property laws and compliance requirements may be overlooked.

Illinois has stepped out as one of the initial adopters of ULC RUUPA with certain modifications. The new law, which became effective January 1, 2018, makes various changes to Illinois unclaimed property law including (a) record retention, (b) SOL, (c) elimination of B2B exemptions, (d) 8 year transitional provision, (e) dormancy period changes, among others. Regulations are currently pending before the Joint Committee on Administrative Rules in which the Illinois State Treasurer Office also includes a VDA program for holders.

 

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