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Unclaimed Property Obligations: State Reforms, Common Audit Challenges and Best Practices


This is a virtual event, accessible over the phone. Access instructions will be provided after registration.


This is a complimentary program sponsored by KPMG.

This new practical webinar arms companies with insight on compliance obligation changes arising from state legislation, proactive compliance strategies, and consequences of noncompliance.

Frequent legislative and regulatory changes, combined with increased state enforcement through audit, have heightened the need for companies to accurately maintain their unclaimed property compliance programs. Long before states began enacting the 2016 Revised Uniform Unclaimed Property Act (“RUUPA”), companies were confronted with both internal and external challenges that impact the accuracy and efficiency of their annual unclaimed property reporting.

Internally, departments are pressured to significantly reduce costs, embrace automation, and recalibrate talent. Externally, states are reforming unclaimed property reporting and administrative requirements, expanding reporting to include new types of property, revising exemptions, and much more.

During this live webinar, KPMG’s Samantha Peterson and Nina Renda will cover:

• The current unclaimed property audit and enforcement landscape
• Common issues in abandoned property audits and auditors’ techniques used to maximize assessments
• Legislative and regulatory changes, including RUUPA-influenced legislation
• Changes to state reporting requirements, including changes in due diligence requirements, repeal of exemptions and deductions, imposition of interest and penalties, and retroactive application
• Strategies for out-of-compliance situations, Delaware VDA invitation letters, and audit notices
• Best practices for reporting unclaimed property, and streamlined processes to recognize, track, and monitor abandoned property 
• Leveraging technology to gather data efficiently  and determine eligibility 
• Ongoing litigation and key court cases
• Gift card programs, breakage income, and future challenges for the retail industry

Educational Objectives:

• Evaluate whether your company is in compliance with its unclaimed property reporting responsibilities;
• Assess the audit risks and consequences of noncompliance; and
• Consider best practices for compliance with the state’s ever-evolving annual unclaimed property reporting requirements.

Who would benefit most from attending this program?

General Counsel: Associate General Counsel, Associate Attorney/Counsel, Of Counsel
Corporation (In-House): Assistant Managing partner, Director, Director/Manager, Manager/Supervisor, Managing Partner, Paralegal, Partner, Practice Group Leader, SVP/VP
Law Firm: Assistant Managing Partner, Director, Director/Manager, Manager/Supervisor, Managing Partner, Paralegal, Partner, Practice Group Leader, SVP/VP


Samantha R. Petersen
  • Tax Managing Director
  • KPMG

Samantha R. Petersen, is a Tax Managing Director in KPMG’s Denver State and Local Tax (SALT) practice, and has over 23 years of diverse and dedicated unclaimed property experience. Samantha is a recognized authority and trusted business advisor for bringing companies into compliance with their unclaimed property reporting responsibilities. Samantha also has extensive experience in the use and implementation of various unclaimed property reporting systems and the development of unclaimed property policies and procedures customized to address unclaimed property at the root cause and to meet a company’s unclaimed property compliance needs.

Antonina Renda
  • Partner
  • KPMG

Antonina Renda, is a Partner in KPMG’s New York/Short Hills State and Local Tax (SALT) practice, and is a CPA with a background in external audit and over 15 years with the firm. Nina has extensive experience assisting companies in all industries with their unclaimed property consulting and compliance needs, including, but not limited to, audit and compliance resolution (VDA) settlements with all of the states and overseeing the annual compliance outsourcing for the firm’s largest compliance clients.

Continuing Education

1.0 General COA
Practice Areas:
Basic knowledge of unclaimed property compliance
Production Date: