Dormant IRA Savings Accounts
by Randy Carey, BOL Guru Guru Bio
Question: What are the regulations on escheating a dormant IRA savings account? Do we have to remit?
Answer: An IRA savings account would normally be treated no different than any other savings account under State escheat laws. However, as escheatment is governed under your specific state laws, the only place to find the actual answer is there.
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