Now is the time to begin reviewing your accounts receivables for reporting unclaimed property. We have put together a simplified guide to help as you begin the process.
Register and enter report data into South Carolina’s Manual Online Reporting tool.
If known, have the following information available when reporting: Owners full name, last known address, social security number (SSN) or federal tax identification number (FEIN).
Property valued at less than $50 may be reported in the aggregate. Owner details do not need to be included in the report since these will be added together as one entry. However, you should keep a detailed listing for your records.
Our office will conduct a review of your records for any checks marked “Void” in our system. If we identify any applicable voids, the list will be sent to you no later than July 10th to compare to your records. Be sure to confirm these were not reissued or credited to the patient’s account.
We are happy to assist you in meeting your filing requirements.
If you would like CUAK to assist with filing your Unclaimed Property Report, please complete and return the questionnaire to smartin@cu-cpa.combefore October 1, 2020.