Financial institutions are highly regulated, so it’s no surprise most are aware of the need to have processes in place to address the reporting and remitting of unclaimed property. However, sometimes even the most sophisticated companies may be unaware of how to address the operational, audit, tax, and escheatment concerns that can arise when tax-deferred investments become abandoned.
In this practical webinar, you will receive a high-level overview of the unique responsibilities of financial institutions. You will also learn about key issues to address in your internal processes to manage at risk accounts.
Upon course completion, you will be able to:
- Address unclaimed property concerns, including:
- IRAs
- ERISA preemption
- Coverdell ESAs
- Decipher conflicting reporting guidance
- Work with distributions from Pension Plans
- Identify recent IRS withholding requirements
Prerequisites: None
Program Level: Intermediate
Field of Study: Business Law
Jim Sadik
True Partners Consulting
Jim Sadik is a Managing Director in the Unclaimed Property Practice of True Partners Consulting. Mr. Sadik has over 28 years of experience in all aspects of unclaimed property, including large scale general ledger multi-state audits and voluntary unclaimed securities compliance and reporting. He currently specializes in the defense of publicly traded companies who are subject to multistate unclaimed securities audits and audit defense of registered broker/dealers and banks.
Jim Weigand
True Partners Consulting LLC
Jim Weigand is a Senior Manager in the National Unclaimed Property Practice of True Partners Consulting LLC. Mr. Weigand has over 16 years of experience in unclaimed property consulting, including audit defense, comprehensive diagnostic reviews, quantitative analysis, exposure remediation, and voluntary settlement procedures. Additionally, he plays an integral role in assisting clients with their annual unclaimed property compliance processes.
CLE Credits (Law)
| Credit | Value | Type | Format |
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In some CLE states, the course will be submitted to the bar after you register. If for any reason the course is not approved, we will fully refund your registration fee. If a state is listed on this course, then we are confident the course fits that state's standards and already is or will be approved for credit.
Accounting Credits
| Credit | Value | Field of Study | Format |
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Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. For more information regarding administrative policies such as complaint and refund, please see the tab above on our Money-Back Guarantee or contact us at 703-372-0550.
CPE Credit - Maximum Credit Hours: Please see above. You must attend at least 50 minutes to obtain credit. Fields of Study: Please see above. Teaching Method: Lecture. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state’s regulatory board.
Clear Law Institute has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.
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Can I still receive Continuing Education Credits if I view the webinar recording instead of the live presentation?
In most cases, the answer is yes. Recorded webinars are not eligible for CLE credit in the following states: AR, KS, MS, NE, and RI. In all other jurisdictions, recorded programs are eligible for credit. In addition, CPE credit is not available for recorded webinars. Please note that recorded webinars are only eligible for a certain period of time based on the jurisdiction. To ask about your specific type of Continuing Education Credit or the requirements in your jurisdiction, please call us at 703-372-0550 or contact us.
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100% of attendees recommend this webinar
5 out of 5 stars
from 2 customer reviews
5 out of 5
Content and speaker were very good. It’s a complicated subject and he distilled it well.
Mark C.
5 out of 5
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