On-Demand Event Session:
Crypto Tax Workshop - Unclaimed Property Considerations

Sovos On-Demand
Event Session

DATE HOSTED: April 20, 2021
DURATION: 30 minutes

Another reporting compliance consideration that VASPs need to be prepared for is their obligations associated with reporting unclaimed property to the states. Unclaimed property obligations need to be top of mind for every crypto exchange and custodian of virtual assets. The "crypto boom" of 2017 brought millions of retail investors into the industry — and the typical state dormancy period is three years so 2017 assets will be 2021 unclaimed property reporting obligations. Failure to report unclaimed property can result in big penalties.

Our Speakers:

Kyle Clark
Global Alliances Manager - Sovos

Kristine Butterbaugh
Solution Principal - Unclaimed Property - Sovos

Lauren Pierce
Tax Operations Specialist - ComplyExchange

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