REPORTING GUIDELINES
NOTICE: Reports must include information about the owner; last known address (even if mail is undeliverable), social security number, and date of birth.
Alaska’s Unclaimed Property Act (AS 34.45) requires businesses (profit and non-profit) and government agencies to file an unclaimed property report with the Department of Revenue.
Property is considered abandoned or unclaimed when no owner initiated transactions have occurred, or there is no contact by the owner, including not cashing a check for a period of time (also known as a dormancy period). A property is generally money owed to an individual or business, but can also be a security such as stocks, bonds, or mutual funds or safe deposit box contents.
REPORTING OVERVIEW
For most types of property (including those for which no time frame is specified in Alaska statue), the time frame is 3 years using an “as of” date of June 30 of the current year. A complete listing of property types and dormancy periods are detailed in the following document:
Property Codes and Dormancy Periods
- Unclaimed property reports are due before November 1st of each year.
NEGATIVE REPORTS
- Do not submit negative or zero dollar reports.
REMITTANCE
ACH and wire transfer instructions are available by contacting our office at ucpholder@alaska.gov. Please make remittances payable to the State of Alaska Unclaimed Property Program.
ACH payments are our preferred remittance method. Checks will be accepted only if the electronic method is unavailable.
REPORTING EXCEPTIONS
Our preferred holder reporting method is electronic submissions; please refer to the Reporting Handbook. If electronic submissions are not possible, please contact our office at ucpholder@alaska.gov.
PROPERTY REPORTABLE TO OTHER STATES
If your organization has a large number of reportable properties for another state, you should file a report with that state.
NOTE: If you include unclaimed property reportable to other states in your Alaska report, you must comply with unclaimed property laws of the state of the last known address.
UNSWORN FALSIFICATION
I acknowledge and affirm under penalty of UNSWORN FALSIFICATION (AS 11.56.210) ; (i) that I have prepared, or have caused to be prepared and have examined this report; (ii) that this report is true, correct, and complete; (iii) that I have the authority to verify this report on behalf of my organization and to bind my organization to report and transfer unclaimed property to the state; and (iv) that it is agreed that any and all transactions entered into by my organization in connection with the reporting and transfer of unclaimed property to the state, will be subject to (a) the Uniform Electronic Transactions Act (UETA) to the extent applicable under applicable state law, and (b) the federal electronic signatures in Global and National Commerce Act (E-SSIGN), with the effect that keying in our names or attaching facsimile signatures to electronic documents indicates our intention that they be deemed to be binding electronic signatures.