![]() Both will be provided in English and Spanish. and a workshop focusing on becoming a state vendor will be held at 11:30 a.m. Mendoza’s office will have information on preventing identity theft and how to become a vendor with the State of Illinois. In addition, an in-depth workshop on identity theft will be held at 11 a.m. in an open house format where residents can stop in at any time to visit each office: The City and State Information Expo will run from 10 a.m. “Community members will have the opportunity to personally connect with them and to access their services in one convenient location.”īeginning at 10 a.m., Mayor Irvin will be joined by Mendoza, Frerichs and White to greet community members and make special announcements about upcoming initiatives. “We look forward to having three of our state’s constitutional officers with us in Aurora at the same time,” said Mayor Richard C. Irvin is hosting the City and State Information Expo in collaboration with Illinois’ State Comptroller Susana Mendoza, State Treasurer Michael Frerichs and Secretary of State Jesse White onSaturday, October 13 from 10 a.m. If you think you are holding unclaimed property, or you are not sure if you may have such exposure, we would be happy to assist you.Aurora residents will have the rare opportunity to renew their driver’s license, check for unclaimed cash and learn how to prevent identity theft - while meeting three state elected officials - all in one location during a special event at Aurora City Hall next weekend. The MichaelSilver professionals have extensive experience assisting clients in properly reporting unclaimed property. Entities currently under examination by the ISTO or an agent of the ISTO are ineligible to participate. In exchange for voluntary compliance, the ISTO will forgo the right to assess penalties and interest on past-due unclaimed property. These audits can be time-consuming because of the significantly long look-back period of 13 years.Ī Voluntary Disclosure Agreement (VDA) program allows businesses with compliance issues from prior periods to become compliant. The department also conducts actual audits with the help of outside third-party auditors. This requires you to review your prior years’ records and self-report all unclaimed property found during the audit period. Recently, more ISTO audits have been initiated as online self-audits. ![]() The Illinois State Treasurer’s Office (ISTO), can audit all years for which an unclaimed property report was not filed. Illinois requires an attempt be made to contact and return the funds to the true owner before remitting the funds to Illinois. We recommend that you annually review your records as of each December 31st for all old outstanding checks, customer deposits, credit balances, and the like and attempt to return the funds to the true owner.All unclaimed property reports are to be filed electronically at.It is required that supporting records are maintained for a minimum of 13 years.Such payments unclaimed from calendar 2021 should be included on your report due on May 1, 2023. Uncashed payroll, commission, bonus, and reimbursement checks, or other compensation for personal services must be reported after being outstanding for only one year.Business-to-business transactions are considered unclaimed property which includes payments to vendors and service providers.However, general purpose cards that charge fees or have expiration dates remain reportable unclaimed property when not used for five years. Gift cards and merchandise credits are exempt.Entities are required to send due diligence letters to owners of unclaimed property for any property valued at $50 or more.The report, due May 1, 2023, will cover activity from Januthrough December 31, 2019. ![]() ![]() The report should reflect one year of account activity three years before the last calendar year.
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