Get Arkansas Unclaimed Property Reporting Booklet

The Arkansas Unclaimed Property Reporting Booklet serves as a guide for organizations to report any unclaimed property they may hold. Completing this form online streamlines the process, ensuring compliance with state regulations.

Follow the steps to effectively complete your report online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Your accountant or controller should conduct a search of your records for any unclaimed funds your organization may be holding. Refer to the Property Type Codes & Abandonment Periods schedule in the booklet to identify reportable funds.
3. If no unclaimed funds are found, file a negative report using the Transmittal (AOS/UP1) form. Mark the 'negative' box in the 'Type of Report' section. This report is necessary only if your organization has reported property in the last three years.
4. Issue due diligence letters to the owners of the property between 60 and 120 days prior to your report filing. This is required for all items valued at $50 or more if the address on record is known.
5. Select your method of reporting on form AOS/UP1. If you have more than 25 records, use NAUPA electronic reporting, which can be done online.
6. Complete your report, ensuring to classify items under $50 as aggregates if necessary. Stock, safe deposit box contents, and other non-cash items should be listed individually.
7. Review and finalize your report. Once you're satisfied with the information, you can save your changes, download the report for your records, print it, or share it as needed.

Ensure compliance and submit your documents online to streamline the unclaimed property reporting process.