Abandoned/Unclaimed Property Case Study www.cbiz.com/aup Issue On a recommendation from its tax counsel, a Maryland-based chemical manufacturer investigated its potential for abandoned or unclaimed property (AUP). It estimated a $50 million exposure spread across 52 filing jurisdictions, with no history of compliance with any of the jurisdictions’ AUP reporting requirements. Solution With the help of our abandoned and unclaimed property team, the manufacturer evaluated its exposure areas. Accounts receivable held unapplied cash and cash over short, among other sources of AUP and made up a significant portion of the manufacturer’s AUP exposure. We helped the manufacturer address these potential liabilities through internal research that involved identifying property owners and accum

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