Unclaimed Property:
Delaware: Reminder – Response Deadline for 2023 Unclaimed Property VDA Invitation Letters is May 25
The Delaware Secretary of State sent invitations to enroll in its unclaimed property voluntary disclosure agreement (VDA) program to companies on February 24, 2023. The letters generally give companies 90 days to join the VDA program before being selected for audit. As such, companies receiving these letters must respond to Delaware by May 25 to help avoid a potentially intrusive unclaimed property audit by Delaware.
See previously issued Multistate Tax Alert for more details on the invitations for Delaware’s 2023 unclaimed property VDA program, which includes some background on the relevant Delaware law and addresses some taxpayer considerations related to Delaware’s VDA program and these notices.
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