Unclaimed Property/ Escheat Laws: Navigating State Compliance Rules in a Changing Landscape
Date: February 9th, 2022
Time: 11:00 AM to 12:00 PM CST; 12:00 PM to 1:00 PM EST
Price: Members- $39.00 Non-members- $69.00
Location: Live Webinar (online)
Description:
Come learn what you need to know about this area of state law, which was originally designed to protect consumers but has evolved into a revenue generating machine for many states. Learn about the core concepts, your multistate reporting obligations, how to prepare for an audit (which may be inevitable, given state enforcement initiatives), and recent developments that may affect your industry.
Session Objectives:
- Understand the basics of unclaimed property law
- Review audit landscape and understand the components of an internal compliance review/effective audit defense
- Review the most significant recent unclaimed property developments
- Understand the scope of the new Revised Uniform Unclaimed Property Act and its status in the various states
- Discuss unclaimed property litigation trends and predictions
Bio:
Kendall Houghton, Partner, Alston & Bird LLP, focuses her practice on state and local tax planning, tax controversies, and unclaimed property/escheat matters. She leads Alston & Bird's tax area and formerly served as chair on the firm’s Partners Committee. Kendall has represented clients on a multijurisdictional basis in significant tax disputes, negotiated favorable settlements with state and local jurisdictions, developed and advocated state tax policy and legislative positions that benefited client interests, and collaborated with clients to design transactional and organizational structures that have optimized direct and indirect tax burdens. Kendall also advises clients on unclaimed property/escheat compliance, voluntary disclosure initiatives, planning opportunities, single- and multistate audit defense, and litigation of state unclaimed property assessments. She previously served as general counsel to the Council On State Taxation (COST), where she filed U.S. Supreme Court briefs in over a dozen cases impacting state taxation of multistate commerce.
Kendall is co-author of Bloomberg BNA’s Multistate Tax Management portfolios “Unclaimed Property” and “Drop Shipment Transactions,” as well as dozens of articles on current unclaimed property and tax topics. She is a guest lecturer on unclaimed property and state tax topics for the L.L.M. in taxation program at Georgetown University and a featured speaker at national state tax conferences and schools hosted by COST, TEI, IPT, and the Unclaimed Property Professionals Organization, Georgetown University School of Law, and the New York University School of Law.
Thank you to NACM Commerical Services for their partnership.