Alaska's Unclaimed Property Act (AS 34.45) requires businesses (profit and non-profit) and government agencies to file an unclaimed property report with the Department of Revenue. More about Alaska Statute 34.45
Property is considered abandoned or unclaimed when no owner initiated transactions have been conducted, or there is no contact by the owner, including not cashing a check, for a period of time. (This is known as a dormancy period.) A property is generally money owed to an individual or business, but can also be a security such as stocks, bonds, or mutual funds and safe deposit box contents.
Unfamiliar with Unclaimed Property? Reporting Overview
For most types of property (including those for which no time frame is specified in Alaska statue), the time frame is 3 years using an "as of" date of June 30 of the current year. A complete listing of property types and dormancy periods can be found under Reporting Forms or via AK Reporting Workbook (Excel)
Alaska does not require negative or zero reports to be filed if a business or governmental agency has no unclaimed property.
The AK Reporting Workbook link below contains all reporting forms and instructions. The color coded tabs make it easy to locate forms and instructions. A complete Unclaimed Property Report will include secure files, company name and contact information, password - sent separately (if not HRS Pro .hde file) or manual forms and the remittance.
As a convenience, Alaska will accept incidental property (ten or fewer properties) reportable to another state only if allowed by the other state. Please refer to the NAUPA Reciprocity Matrix for state specific information.
NOTE: If you include unclaimed property reportable to other states in your Alaska report, you must comply with unclaimed property laws of the states of the last known address in reporting those items.
If your organization has a large number of reportable properties for another state, you should file a report with that state.
YOU MUST INCLUDE; (password sent separate than the file), company and contact name, report amount, phone number and email address. If filing multiple reports include this information for each separate report unless all reports are identified in one comprehensive overview.
Reports received without passwords will be flagged as non-compliant and may result in interest and penalties.
Report and Remittance Submissions
Remittances must be made payable to the State of Alaska Unclaimed Property Program. ACH and Wire instructions are available by contacting us at firstname.lastname@example.org or by telephone (907) 465-2394.
State of Alaska
Unclaimed Property Program
P.O. Box 110405
Juneau, AK 99811-0405
If you choose to submit your report and check by courier:
State of Alaska
Unclaimed Property Program
333 Willoughby Ave., 11th Floor
Juneau, AK 99801
If you choose to submit your encrypted HRS Pro (.hde) file or other password protected software by:
CD - mail to one of the addresses above
Email - email@example.com
Other Electronic Transmittal Service - fees may apply
Free electronic reporting software (HRS Pro)
Holder Reporting Software (HRS Pro) generates a NAUPA file accepted by most states' unclaimed property programs. HRS Pro software can be downloaded onto your computer, free of charge.
Free HRS Pro software from wagers.net
Unclaimed property information can be manually entered OR by cutting and pasting your Excel spreadsheet into the HRS Pro Excel template. IMPORTANT - cutting and pasting into the template must be from your spreadsheet's populated data, by each field. You must use "Paste Special" "Values Only". You do not paste any of your Excel spreadsheet's formats or column headings into the template. Appendix B (page 48) in the HRS Pro User's Guide has further information.
Your company's updated template, is then imported into HRS Pro. HRS Pro allows you to submit your report on a CD (US mail or courier, to our office), or USB device or attached as an HRS encrypted file (.hde) via email to: firstname.lastname@example.org
I acknowledge and affirm under penalty of UNSWORN FALSIFICATION (AS 11.56.210) ; (i) that I have prepared, or have caused to be prepared and have examined this report; (ii) that this report is true, correct, and complete; (iii) that I have the authority to verify this report on behalf of my organization and to bind my organization to report and transfer unclaimed property to the state; and (iv) that it is agreed that any and all transactions entered into by my organization in connection with the reporting and transfer of unclaimed property to the state, will be subject to (a) the Uniform Electronic Transactions Act (UETA) to the extent applicable under applicable state law, and (b) the federal electronic signatures in Global and National Commerce Act (E-SSIGN), with the effect that keying in our names or attaching facsimile signatures to electronic documents indicates our intention that they be deemed to be binding electronic signatures.