California's Unclaimed Property Law

California’s Unclaimed Property Law requires holders of unclaimed property to file a report with the State Controller’s Office on an annual basis. This presentation will provide education on California’s Unclaimed Property Law, an overview of the reporting process, examine real-world examples, and identify best practices. Objectives: • Obtain the knowledge needed to comply with California’s Unclaimed Property Law • Determine if your client is holding unclaimed property • Understand California’s two-report process • Learn how to avoid interest and penalties • Identify common reporting and remitting errors