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Unclaimed property audits have been on the rise in recent years. The Counsel on State Taxation’s October, 2013 report, The Best and Worst of State Unclaimed Property Laws revealed that for Fiscal Year 2013, there were over $40 billion in unclaimed property held by states—nearly double the $22.8 billion states held just a decade ago. The reality is unclaimed property is a relatively easy source of funds for revenue-hungry states. 

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