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New York Updates its VCA

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https://www.osc.state.ny.us/ouf/reporters/files/vca.pdf

New York Voluntary Compliance Agreement Update for 2017: there is a new reduced reach back period on all VCAs signed after January 1, 2017. The state reduced the reach back period for any general ledger type property to that which was first reportable in 2007. The audit limitation for disclosed periods remains – a key component.

Stay tuned to our blog for further developments and contact us with any questions about unclaimed property compliance.

Tagged: new york unclaimed property, new york escheat, voluntary disclosure, escheat compliance