Texas recently announced that they will no longer accept your unclaimed property reports on CD or diskette. Click
here to see the full announcement on the state’s website. This goes into effect with the report due July 1, 2014. Any reports that are not submitted online will be subject to rejection.
Indiana has had this requirement for some time. I anticipate that many other states will soon join in. It just doesn’t make sense for the states to have rooms full of CDs to process when everything can be submitted online so easily.
Submitting your report to Texas online is very simple. I have been through the process many times when reporting on behalf of my outsourcing clients. Generate the NAUPA file using whatever software or method you currently use to do so. When you are ready to submit the file, click
here.
You’ll be asked to provide information about your company and how you intend to make payment. The next screen allows you to browse to where you have saved the NAUPA file and attach it. After you click the Submit button to submit your file, you will be presented with an upload confirmation page. Print the confirmation page and submit with your coversheet.
It’s as easy as that!
Author: Danielle Herring
Product Manager, UPExchange
Labels: UP Compliance
