Form REV80 0051 Aggregate & Unknown Owner Report for Unclaimed Property - Washington

What Is Form REV80 0051?

This is a legal form that was released by the Washington State Department of Revenue - a government authority operating within Washington. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form REV80 0051?
A: Form REV80 0051 is the Aggregate & Unknown Owner Report for Unclaimed Property in Washington.

Q: What is unclaimed property?
A: Unclaimed property refers to financial assets that have been abandoned by their owners for an extended period of time.

Q: Why is the Aggregate & Unknown Owner Report required?
A: The report is required by the state of Washington to identify and report unclaimed property to the appropriate authorities.

Q: Who needs to file Form REV80 0051?
A: Any business or organization that is in possession of unclaimed property in Washington is required to file this form.

Q: When is the Form REV80 0051 due?
A: The due date for filing Form REV80 0051 can vary, so it is important to check the specific deadlines set by the state of Washington.

Q: Are there any penalties for not filing the report?
A: Yes, failure to file the report or filing it late can result in penalties and interest.

Q: Is there a minimum threshold for reporting unclaimed property?
A: Yes, there is a minimum reporting threshold set by the state of Washington. It is advisable to review the specific requirements.

Q: Can I amend a previously filed report?
A: Yes, you can amend a previously filed report if there are errors or omissions. It is recommended to consult the instructions for details on how to do this.

Q: What happens to the unclaimed property after it is reported?
A: Once the unclaimed property is reported, the state will make efforts to locate and return it to the rightful owners.