Practitioners React to Delaware Official’s Unclaimed Property VDA Changes

Overview


Diann Smith said Delaware’s shortening of the audit lookback period for its voluntary disclosure agreements should apply to all participants in the VDA program, even those that have been finalized. “This would respect one of the primary concerns of the Temple-Inland judge and treat all participants equally,” she said, referring to a federal court decision that strongly criticized the state’s unclaimed property audit procedures.