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Of all the potential reasons to be forced into a restatement of your financials or into a time-consuming audit, the innocuous liability of unclaimed property seems among the more lame. Yet, there it sits on the books of U.S. companies–$50 billion in such items as unreconciled customer credits, unclaimed accounts receivables, uncashed dividends or payroll checks and unused prepaid gift cards–essentially a ticking time bomb that revenue-hungry states on the prowl for new ways to balance their budgets without increasing taxes would love to detonate.

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