Topic: Unclaimed Paychecks
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Answers to Common Questions
Where do unclaimed paychecks go?
Well ! If not paid as you left without claiming the unclaimed cheks will go to their kitties.This being a private concern one can sy any thing.Asking your claim .No one star needed. Just write a letter saying that you" Had to go very urgent... Read More »
Source: http://answers.yahoo.com/question/index?qid=20071216195013AAuQvoB
Why Must Unclaimed Paychecks be Turned Over to the State?
The principle behind this law is called "escheat" (it's pronounced like it looks, in two syllables: es-cheat.) Escheat is an ancient common law doctrine that requires that unclaimed property be returned to the state, not kept by the person... Read More »
Source: http://biztaxlaw.about.com/b/2011/12/22/unclaimed-employee-payche...
What is Escheat? How Do I Return Unclaimed Paychecks to the State...
You have probably heard the phrase, "Ignorance of the law is no excuse." Well, this is one of those cases that illustrates the rule: you cannot keep un-cashed employee paychecks; you must turn them over to your state. If weren't aware of th... Read More »
Source: http://biztaxlaw.about.com/od/employmentlaws/f/Escheat-Return-Unc...
More Common Questions
Answers to Other Common Questions
Oregon State laws require than an individuals unclaimed wages be submitted to the appropriate state agency within a specific time period. Access this link to discover how to comply with Oregon’s unclaimed property law .
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Source: http://bluewillowbookkeeping.com/faq/what-if-i-am-holding-unclaim...
How to treat unclaimed property, including unclaimed paychecks, for accounting purposes, and how to comply with state laws that require businesses to turn over unclaimed property or unclaimed paychecks to the state.
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Source: http://biztaxlaw.about.com/od/employmentlaws/Employment_Laws_You_...
State escheat laws govern the treatment of unclaimed paychecks. Under these laws, employers are generally required to: Try to locate and contact the employee. File an annual report with state that includes the employee’s name, last-know add...
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Source: http://bluegrass.kctcs.edu/Payroll/Payroll_FAQs.aspx
