By Misty Shore, CPA, MST, Tax Senior
UPDATE March 22, 2023 – The California Voluntary Compliance Program (VCP) is open as of today, which allows unclaimed property holders to determine if they qualify for a waived interest assessment. Holders must complete a VCP Interest Form to receive an application. After submitting a completed application form, approved holders that meet all program requirements, which includes completing a training program and meeting reporting deadlines will be eligible for waived interest (12 percent) on past-due unclaimed property reported under the program. For additional information and to complete an interest form, visit: California Voluntary Compliance Program. (more…)