Unclaimed Property Reporting Booklet - Washington State Digital ...

More documents

Recommendations

Info

PROPERTY CATEGORY CODE TABLEAccount Balances Due (AC)AC01 Checking accountsAC02 Savings accountsAC03 Matured certificates of deposit orsavings certificatesAC04 Christmas Club accountsAC05 Money on deposit to securefundsAC06 Security depositsAC07 Unidentified depositsAC08 Suspense accountsAC09 InterestCourt Deposits (CT)CT01 Escrow fundsCT02 Condemnation awardsCT03 Missing heir’s fundsCT04 Suspense accountsCT05 Any other types of deposits madewith a court or public authorityCT06 Unrefunded bondsCT07 JudgmentCT08 GarnishmentCT09 SupportCT10 RestitutionCT11 Bail RefundInsurance (IN)IN01 Individual policy benefits orclaim paymentsIN02 Group policy benefits or claimpaymentsIN03 Death benefits due beneficiariesIN04 Proceeds from matured policies,endowments, or annuitiesIN05 Premium refunds on individualpoliciesIN06 Unidentified remittancesIN07 Other amounts due under policytermsIN08 Agent credit balancesIN09 Unrefunded BondMiscellaneous Checks and IntangiblePersonal Property Held in the OrdinaryCourse of Business (MS)MS01 Wages, payroll, or salaryMS02 CommissionsMS03 Worker’s compensation benefitsMS04 Payment for goods and servicesMS05 Customer overpaymentsMS06 Unidentified remittancesMS07 Unrefunded overchargesMS08 Accounts payableMiscellaneous Checks and IntangiblePersonal Property Held in the OrdinaryCourse of Business (MS)MS09 Credit balances/accountsreceivableMS10 Discounts dueMS11 Refunds/rebates dueMS12 Unredeemed gift certificatesMS13MS14MS15MS16MS17MS18MS19Unclaimed loan collateralSums payable under pension andprofit sharing plans(e.g., IRA, KEOGH)Property distributable in thecourse of involuntary dissolutionor liquidationAny other miscellaneousoutstanding checksAny other miscellaneousintangible personal propertySuspense liabilitiesPayroll Agent ADPUtilities (UT)UT01 Utility depositsUT02 Membership feesUT03 Refunds or rebatesUT04 Capital credit distributionsUncashed Checks (CK)CK01 Cashiers’ checksCK02 Certified checksCK03 Registered checksCK04 Treasurers’ checksCK05 DraftsCK06 WarrantsCK07 Money ordersCK08 Travelers’ checksCK09 Foreign exchange checksCK10 Expense checksCK11 Pension checksCK12 Credit checks or memosCK13 Vendor checksCK14 Any checks that have been writtenoff to income or surplusCK15 Any other outstanding officialchecks or exchange itemsCK16 CD interest checksTrust, Investments and EscrowAccounts (TR)TR01 Paying agent accountsTR02 Undelivered dividends oruncashed dividendsTR03 Funds held in a fiduciarycapacityTR04 Escrow accountsTR05 Trust vouchersTR06 Pre-need funeral plansSafe Deposit Boxes & Safekeeping (SD)SD01 Contents of safe deposit boxesSD02 Contents of any othersafekeeping repositorySD03 Other tangible propertySD04 Unclaimed loan collateralProceeds From Mineral Interests (MI)MI01 Net revenue interestsMI02 RoyaltiesMI03 Overriding royaltiesMI04 Production paymentsMI05 Working interestsMI06 BonusesMI07 Delay rentalsMI08 Shut-in royaltiesMI09 Minimum royaltiesSecurities (SC)SC01 DividendsSC02 Interest payable on registeredbondsSC03 Shares of preferred stockSC04 Equity paymentsSC05 ProfitsSC06 Funds paid toward the purchaseof shares, or interest in afinancial or businessorganizationSC07 Bearer bond interest/principalSC08 Shares of stock (returned bypost office)SC09 Cash for fractional sharesSC10 Unexchanged stock of successorcorporationSC11 Any other certificatesof ownershipSC12 Underlying shares of stockSC13 Funds for liquidation/redemptionof unsurrendered stocks or bondsSC14 DebenturesSC15 U.S. Government SecuritiesSC16 Mutual fundsSC17 Warrants or rightsSC18 Matured principal on registeredbondsSC19 Dividend reinvestment plansSC20 Credit balancesSC21 Bearer Bond InterestSC22 Bearer Bond PrincipalSC23 Cash in LieuREV 80 0004e (fill-in) -2 (1-13-03)REV 80 0004 (7/13/04)28 Unclaimed Property Reporting Booklet
Due DiligenceHolders must send due diligence letters for any property valuedover $75. The letters must be sent between May 1 and August 1.Sample Letter(See page 25. )May 1, YEAROwner Name1234 Any Street NAny Town, US 99999-9999We Have Unclaimed Property That Belongs To YouDear Owner Name:We have at least $75 dollars that belongs to you and need to return it.To get your money backPlease write us at the address below, or call (999) 999-9999.Your Company Name123 Avenue SYour Town, US 99999The law requires us to submit this property to the Washington State Departmentof Revenue by November 1 of each year. If we do not hear from you by date*,you will need to contact the state to get your money back.Sincerely,*For date, determine the last date you can remove items from your system for refund,remembering to allow for processing time to get the funds to the Unclaimed Propertyoffice by the due date.Unclaimed Property Reporting Booklet 29
Page 7 and 8: General OverviewWhat is UnclaimedPr
Page 9 and 10: General Reporting InstructionsGener
Page 11 and 12: Electronic ReportingHolders may sen
Page 13: Business Name:Attn or in care of:Ma
Page 17 and 18: Instructions for CompletingThe Deta
Page 19: Washington StateDepartment of Reven
Page 25 and 26: Instructions for CompletingSafe Dep
Page 27: (B) Holder Number (D) Period Covere
Page 30 and 31: Washington StateDepartment of Reven
Page 32 and 33: REPORT YEAR CONVERSION TABLEMOST PR
Page 36 and 37: RCW Sections63. 29. 010 Definitions
Page 38 and 39: the state of the last known address
Page 40 and 41: (4) For purposes of this chapter, t
Page 42 and 43: RCW 63. 29. 140Gift certificates an
Page 44 and 45: RCW 63. 29. 200Custody by state —
Page 46 and 47: (e) The property is the sum payable
Page 48 and 49: RCW 63. 29. 350Penalty for excessiv
Page 52: Washington State Department of Reve

Unclaimed Property Reporting Booklet - Washington State Digital ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?