Unclaimed Property 2023

Unclaimed Property Reporting

DC Businesses are Required to File a Yearly Report

Unclaimed property consists of tangible and intangible property that has been abandoned

for one to five years such as: refunds, wages, bank accounts, utility deposits,

insurance policy proceeds, and more.

For detailed information on Unclaimed Property please visit the DC Office of the Chief Financial Officer's website at https://dc.findyourunclaimedproperty.com/#

and click on the Reporting Property section.

Frequently Asked Questions

What types of property should I look for?

Checks you've issued but were never cashed by the recipient; for example: payroll, patient refunds and patient account balances never used nor returned to the patient.

How far back should I look to find this unclaimed property?

There is a specified period of time (based on property type) for property to remain unclaimed before it should be reported to the state. Ranges for the 3 types of property that most apply to you are listed in Step 1. For additional property types, please see "Presumption of Abandonment" link below for more information.

What if I have nothing to report!?

You are required to file a zero on what is called a "Negative Report."

Click Here to File

What if I don't file?

Holders of unclaimed property who do not file a report with the Office of the Chief Financial Officer are subject to interest and penalties.

What if I have been in business over a year and have never filed?

The District of Columbia Unclaimed Property Office offers a Voluntary Disclosure Program that allows businesses to voluntarily report and pay past due unclaimed property. Click here for contact information.

The Reporting Process

Step 1: Review records to identify unclaimed property.

Uncashed Payroll Checks you issued between 07/01/21 – 06/30/22
Uncashed Refund Checks you issued between 07/01/19 – 06/30/20
Unclaimed Patient Account Balances as of 07/01/19 - 06/30/20

Step 2: Mail written notice to property owner.

Not required for amounts under $50.
Send between 07/01/23 and 08/31/23.

Due Diligence Sample Letter

Step 3: File & Pay Online.

Due October 31st, 2023
All amounts must be remitted to the state.
If known, have the following information available when reporting: Owners full name, last known address, social security number (SSN) or federal tax identification number (FEIN), amount owed & date of last transaction.

Submit Your Report Online

Make a Payment Online

Links to Additional Resources

Reporting Instructions

Reporting FAQs

Presumption of Abandonment