Eureka! Understanding California’s Unclaimed Property Voluntary Compliance Program |

In this edition of The CFO Series, we focus on the practical tax planning you can apply now.

Taxpayers dealing in digital assets should be aware of the unique risks and opportunities.

The OBBBA creates several opportunities and removes the fear of expiring provisions.

All businesses with activity in California may be subject to an unclaimed property reporting obligation.

Reporting obligations on the California income tax return create a higher risk of unclaimed property audits.
California affords businesses the opportunity to manage unclaimed property risk through a voluntary compliance program.
Businesses that enter the program may avoid significant interest and penalty charges that may be levied in an audit.
California began a new holder outreach campaign at the end of 2025 to highlight its voluntary compliance program.

Michael Kenehan

Anne Rachko

Augusto Conde