Annual Reminder of Obligation to Report

Michigan Department of Treasury sent this bulletin at 04/09/2025 10:27 AM EDT

TO: BUSINESS POTENTIALLY IN POSSESSION OF UNCLAIMED PROPERTY

 

FROM: MICHIGAN UNCLAIMED PROPERTY

 

SUBJECT: ANNUAL REMINDER OF OBLIGATION TO REPORT AND NOTICE OF CHANGES

 

Michigan has returned more than $675 million in unclaimed property to rightful owners over the past 5 years. The business community plays a key role in making that happen. This is a reminder that your 2025 Annual Report of Unclaimed Property is due the first business day of July, and we want to make that process as easy as possible. Please visit our Unclaimed Property website which allows businesses and other entities to file reports and make ACH debit payments electronically. 

 

What do I need to do? 

The Manual for Reporting Unclaimed Property (Manual) contains general instructions, a summary of new reporting requirements, a detailed list of all reportable types of property, associated dormancy periods, and other important information. 

 

What if I forgot to report previous years? 

If you have properties that should have been previously reported, Treasury offers an opportunity to avoid penalty and interest charges through its Voluntary Disclosure Program.

 

What if I have nothing to report? 

Entities incorporated, domiciled or with a strong business presence in Michigan with no unclaimed property to report in 2025 are strongly encouraged to create a Zero/Negative Report using our simple online process. This will establish a filing history and document your compliance with Michigan's Unclaimed Property Act. Those meeting the parameters described above should file a negative report using our simple online process; do not submit a NAUPA file.  Detailed instructions for submitting a negative report can be found on page 15 of the Manual.

 

If you have questions regarding your responsibilities to report unclaimed property, call 517-636-6940 or e-mail TreasUPDReporting@michigan.gov. If you are contacted by owners whose assets have been turned over as unclaimed property, please direct them to visit https://unclaimedproperty.michigan.gov or call 517-636-5320 for information on filing a claim.

Thank you in advance for your compliance. 

 

Sincerely, 

 

Terry Stanton, Manager

Michigan Unclaimed Property