All U.S. states, the District of Columbia, Puerto Rico, and the Virgin Islands have laws requiring businesses to report and remit unclaimed property. The funds from unclaimed property compliance filings, amnesty programs, and audits have emerged as a material source of revenue for states. For example, in 2025, after accounting for reunited balances, Delaware's unclaimed property receipts were $426 million, or approximately 6.36% of the state's general fund.

Andersen Consulting expands its digital transformation offering through a Collaboration Agreement with Teolia Consulting, a French firm specializing in project and product management, cloud platform engineering, data transformation, and Atlassian suite integration and adoption.

Filing accurate unclaimed property compliance reports annually with all applicable jurisdictions will help your company mitigate the risk of a costly and burdensome audit. Jurisdictions constantly revise their unclaimed property laws and regulations, so it is important to monitor reporting and compliance obligations in each jurisdiction. Jurisdictions are increasingly relying on unclaimed property as a revenue source to fill budget gaps and avoid tax increases.

Businesses incorporated in Delaware should be on the lookout for any notice regarding unclaimed property from the Delaware Department of Finance, Office of Unclaimed Property (OUP). The state agency periodically sends notices to companies requesting a Verified Report. These notices should not be ignored. Companies that receive the notice have 30 days to acknowledge receipt of the notice and can request 30-day extensions (up to 180 days from the date of the notice) to provide all the requested information.

Andersen Consulting strengthens its technology and risk management capabilities through a Collaboration Agreement with Trillium Information Security Systems (TISS), a cybersecurity firm.

The One Big Beautiful Bill Act of 2025 created Trump Accounts under new Sec. 530A—custodial IRAs for children who have not reached age 18 with specific tax rules, contribution limits, and withdrawal options. Proposed regulations (REG-117002-25) address the Trump Accounts Contribution Pilot Program, which is the mechanism for making the one-time $1,000 pilot program contribution to Trump accounts for certain eligible children. The proposed rules address who is eligible, who may make the election, the timing and manner of making the election, and the tax or administrative mechanics for how the $1,000 is deposited to a child’s Trump account. The proposed regulations would apply on or after January 1, 2026.

For a variety of reasons, many companies choose to incorporate in Delaware. But for all the benefits of doing so, one potentially unfortunate aspect is the state's vigorous enforcement of its unclaimed property laws.

Andersen Consulting continues to strengthen its digital transformation platform with the addition of U.S.-based collaborating firm Milestone Technologies, a proven global IT services and digital solutions provider.