Indiana: Self-Directed Unclaimed Property Compliance Review Notices

The Indiana Attorney General’s Unclaimed Property Division recently sent notices to companies throughout the state and beyond, requesting they perform a self-directed compliance review and report any past due property by November 18, 2025. Unclaimed property is generated by nearly all companies in the ordinary course of business and is comprised of financial assets that are dormant and owed to third parties. The compliance review includes examining a company’s books and records across a variety of different operational areas that could give rise to unclaimed property liability, including accounts payable, accounts receivable, payroll, checking and savings accounts, certificates of deposit, cashier’s checks, and more.

Unclaimed property laws can be complex, and expertise is needed to properly identify property that meets the state’s criteria to be considered due and owing as unclaimed. Participation in this program also provides an opportunity to report past due amounts without being charged penalties and interest. Failure to respond to the state’s outreach may result in further compliance action, including audit, which can often expand in scope to include additional states.

If you have received a notice, or would like more information, please contact us to schedule a conversation with our team of professionals who are well positioned to assist you through the process.

Why Ryan? Ryan’s Abandoned and Unclaimed Property (AUP) experts bring a deep understanding of Indiana’s laws that will assist your company in identifying and reporting only the property that is truly unclaimed. Our team is comprised of skilled accountants, attorneys, certified fraud examiners, statisticians, former AUP administrators and auditors, and other professionals that bring more than 900 years of collective unclaimed property experience.

The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals.