Wisconsin Department of Revenue Reminds Businesses About Unclaimed Property, Customer Refunds, and Uncashed Payroll Checks

Thursday, December 1st, 2022 -- 10:01 AM

Many businesses are unaware of legal requirements for sending the Wisconsin Department of Revenue uncashed payroll checks, unclaimed customer refunds, and other unclaimed property they hold.

Under law, businesses, organizations, or governmental units holding unclaimed property in Wisconsin have through February 28, 2023, to initiate an unclaimed property voluntary disclosure agreement with DOR.

The agreement program guides participants through the process and allows them to turn over to DOR without penalties from the previous five years. There are exceptions and participants are asked to carefully review requirements found on DOR's Unclaimed Property Voluntary Disclosure page and its Unclaimed Property Holder Report Guide.

Businesses and other unclaimed property holders are encouraged to apply now to ensure enough time to complete the required due diligence process, and holder report and payment submissions.

More information about DOR's unclaimed property program is available on the DOR Unclaimed Property page.

Feel free to contact us with questions and/or comments.