KPMG report - Complying with unclaimed property laws related to gift cards 

May 23:  It is important for companies that issue gift cards to establish procedures for compliance with state unclaimed property rules.

The potential ramifications of failing to maintain these procedures are underscored by a pending complaint in the Delaware court system.


A report prepared by KPMG tax professionals discusses the implications of the Delaware case and discusses what companies can do to mitigate unclaimed property noncompliance.


Read a May 2014 report [PDF 207 KB] prepared by KPMG LLP: What’s News in Tax: Unclaimed Property, Qui Tam, and Gift Cards: A Perfect Storm of Circumstances Reveals the Importance of Proper Compliance




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For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

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1801 K Street NW
Washington, DC 20006.

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