Unclaimed Property Reporting Update

Date: 
Wednesday, March 4, 2015
Time: 
10:00 to 11:00 a.m.
Location: 
Webinar

$75 for Members / $95 Non-Members

Last year saw a number of long needed reform measures enacted for unclaimed property. Michigan's unclaimed property holders start the new year with new protections and this webinar will give you the information needed to protect your rights. Join us for an update on recent litigation challenging auditors' methodologies and the national effort to rewrite the Uniform Unclaimed Property Act. This one-hour session will also identify voluntary disclosure opportunities and highlight hot topics in Unclaimed Property in other states where you may have a reporting obligation.

Agenda:

  • Emerging Issues in Unclaimed Property
    • Unclaimed Property Holders and Dormancy
    • Categories of Unclaimed Property
    • Derivative Rights Doctrine
  • Michigan Unclaimed Property Procedural Reforms
    • Audit Selection Criteria
    • Audit Methodology Changes
    • Limitations on Indirect Audits
    • What are Substantially Complete Records
    • Mandatory Audit Workpapers
    • Appeals Process
    • Upcoming Rules
  • National Developments
    • Reform of Uniform Unclaimed Property Act
    • Temple-Inland Litigation
    • Delaware Voluntary Disclosure Program
    • Hot Topics

Expert Presenters:
ImageLynn A. Gandhi is a partner at Honigman Miller Schwartz and Cohn LLP, where she advises clients nationwide on multistate tax strategies, litigating state tax cases, and assisting with audits from commencement to resolution. Her practice also includes unclaimed property and incentive assistance, due diligence support and risk review.  She is a Certified Public Accountant and a registered lobbyist in the State of Michigan. She is the immediate past Chair of the Taxation Section of the State Bar of Michigan and the Chair of the Michigan Chamber Tax Policy Committee. She is also an Adjunct Professor of Law at Wayne State University Law School. She co-authored the Michigan Business Tax BNA Portfolio and regularly contributes to various tax publications.

ImageKhalilah V. Spencer, partner with Honigman Miller Schwartz and Cohn LLP, is a litigation attorney who possesses extensive experience in a wide variety of complex commercial and employment litigation matters in federal and state courts and in arbitration. She represents individuals and public and private companies in a variety of industries, including automotive, financial services, telecommunications, logistics and real estate.

Certification:
This webinar qualifies as one credit toward the Basic or Advanced Tax Policy and Finance Certification Programs. This webinar also qualifies as one credit under the guidelines of the Michigan State Board of Accountancy.