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Click ‘Get Form’ to open the rpd41201 form in the editor.
Begin by selecting the appropriate filing type: First Filing, Annual Report, Verification, Amended, Safety Deposit Boxes, or Supplemental. This is crucial for categorizing your submission.
Fill in your details including Name of Holder, Address, City, State, ZIP Code, and Federal ID Number. Ensure accuracy as this information identifies your entity.
Provide a contact person’s name and telephone number for any follow-up inquiries regarding your submission.
Indicate whether other departments or subsidiaries file reports using the same ID Number by selecting 'Yes' or 'No'.
Complete the Primary Business Activity section and answer if you filed a report last year. If not, provide an explanation.
If applicable, list any previous holders of the property and include details about name changes and Federal ID Numbers.
Enter remittance details including stock information and total amounts due from previous pages. Ensure all calculations are accurate.
Finally, complete the Official Verification Report section by printing your name, signing the form, adding your title and date of submission.
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The escheatment process takes place when a US account becomes dormant for a period that is specified by state law, typically between three to five years. At that point, the personal property is transferred to the appropriate State Comptrollers Office and usually liquidated.
How long is unclaimed property kept?
0:11 1:29 Program once the property is transferred to the state the owner can still claim it by submitting aMoreProgram once the property is transferred to the state the owner can still claim it by submitting a request. However the process may be more complicated.
What happens to unclaimed property that is not claimed?
After a designated period of time (called the dormancy period) with no activity or contact, the property becomes unclaimed andby lawmust be turned over to the state.
How do I report unclaimed property in New Mexico?
We encourage all holders to file online at . Effective July 1, 2006, all reports containing more than 25 properties must be submitted electronically. For more information about electronic reporting, please call (505)827-0668 or visit or email unclaimed.property@tax.nm.gov.
What does dormancy period mean?
Dormancy is a period in an organisms life cycle when growth, development, and (in animals) physical activity are temporarily stopped. This minimizes metabolic activity and therefore helps an organism to conserve energy.
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What is the dormancy period for unclaimed property in New Mexico?
Dormancy periods in New Mexico for common property types include: Wages or Payroll: One year. Checking Accounts: Five years. Money Orders: Seven years.
Related links
New Mexico Report of Unclaimed Property
RPD-41201. Rev. 07/15/2016. State I declare that I have examined this return and the information reported on this form and attached schedules is true and.
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