Unclaimed Property Alert: Delaware Voluntary Compliance Letter Campaign Continues

As a follow up to our release on August 6, 2025, Delaware is back at it again and will be sending out Voluntary Disclosure Agreement (VDA) Program invitations on April 10, 2026, and August 14, 2026, to an unknown number of large companies that are incorporated in Delaware. In prior waves of letters, anywhere between 50 to more than 100 letters have been mailed.

According to the invitation letters, if a company receives one of these invitations and does not respond within 90 days, the company will be referred to the Delaware Department of Finance for audit. In other words, if ignored, the “invitation” letters are a first step toward a potential audit enforcement.

Companies should be on the alert in late March/early April and again in late July for the arrival of an invitation letter, sent by the state via certified mail and usually addressed to the CEO or CFO, to ensure proper and timely action is taken. These VDAs have a very defined process to follow and are reviewed by one of three third-party administrators. The process typically takes about two years to complete, sometimes more or less depending on a company’s facts and circumstances.

Our team of experts is ready to help inform your team and guide you through the process.

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.