Understanding Unclaimed Property

Date / Time

Venue

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

Description

Keeping up with changing unclaimed property laws can be a challenge for tax practitioners, as states continue enforcement efforts and several consider adopting the Revised Uniform Unclaimed Property Act.

Join Kendall Houghton, Partner at Alston & Bird, Patrick Reynolds, Senior Tax Counsel with the Council On State Taxation, and Alex Dowd, Managing Editor, State Tax with Bloomberg Tax, to learn about trending issues such as pending lawsuits, gain insight into recent legislative and regulatory changes, and hear more about what you need to know about unclaimed property.

Presenters

Kendall Houghton
  • Partner
  • Alston & Bird LLP

Kendall Houghton is a nationally recognized expert whose practice focuses on state and local tax planning, tax controversies and unclaimed property/escheat matters. She leads the Alston & Bird SALT practice. She previously served as general counsel to the Council On State Taxation (COST), where she filed U.S. Supreme Court briefs in cases impacting state taxation of multistate commerce and led a tax policy initiative addressing taxation of Internet transactions. Ms. Houghton has represented clients on a multi-jurisdictional basis with respect to significant tax disputes; negotiated favorable settlements with state and local jurisdictions; developed and advocated state tax policy and legislative positions that benefited client interests; and collaborated with clients to design transactional and organizational structures that have optimized direct and indirect tax burdens. Ms. Houghton also advises clients with respect to unclaimed property/escheat compliance, voluntary disclosure initiatives, planning opportunities, single- and multi-state audit defense, and litigation of state unclaimed property assessments. Kendall is a co-author of two Bloomberg Tax portfolios: Unclaimed Property (Portfolio 1600) and Drop Shipment Transactions (Portfolio 1340). Ms. Houghton lectures on state tax and unclaimed property topics at Georgetown University; is a regular speaker and author on these topics for national organizations including UPPO, COST, TEI, and IPT; is a trustee of the Paul J. Hartman SALT Forum; and is a member of the advisory board of Georgetown University’s Advanced State and Local Tax Institute.

Patrick Reynolds
  • Senior Tax Council
  • Council On State Taxation

Patrick J. Reynolds is part of the COST advocacy team, where he is staff liaison to the Unclaimed Property Committee and the Sales Tax Committee, and he contributes to tax policy development, drafting, and legislative advocacy. Previously, he was Senior Managing Counsel with J. C. Penney and for 14 years provided legal support for audits, litigation, and appeals for income, franchise, sales/use, property and transfer taxes, as well as unclaimed property. Pat started his career with Price Waterhouse in Omaha, Nebraska, and subsequently served for six years as an attorney in the Nebraska Department of Revenue's Legal Division. He received his JD from Creighton University School of Law and his BSBA – Accounting from the University of Nebraska at Omaha. He is a member of the Nebraska and Texas state bars and is a licensed CPA.

Alex Dowd
  • Managing Editor
  • Bloomberg Tax

Alex Dowd is a Managing Editor with Bloomberg Tax, where he works on maintaining existing products, developing new products, and covering current events in state tax. Alex worked on the creation of the Unclaimed Property Navigator for Bloomberg Tax, which covers states’ treatment of different kinds of property and administrative requirements. Alex also contributes to the Bloomberg Tax SALT Talk Blog, which covers current events and hot topics related to tax at the state level. He holds a B.A. from Brown University and a J.D. from the Washington College of Law at American University. 

Continuing Education

Credits:
1.2 CPE, 1.0 CLE, 1.0 General COA
Level:
Basic
Production Date:
10/30/2018