New Year, New Delaware?

by admin

Happy New Year from the staff here at Escheatable.  In case you missed it over the holidays, the Delaware Unclaimed Property Task Force recently issued its recommendations on making the Delaware audit process more fair, efficient and transparent.  Delaware Online has a copy of the complete (and annotated) report and it is well worth a read for those with Delaware audits in progress or looming.  Highlights include recommendations to shorten the look-back period for audits, increase audits done by state employees (as opposed to third-parties), and to modify certain audit and appeal procedures.

Note that while the Task Force’s recommendations are generally a positive development, they are in no way binding on the State, the Department of Finance, or the third-party audit firms employed by the state.  Instead, the report will be shared with state legislators and officials in the hope of spurring a legislative solution.