States are Broke! Why Does that Matter to Us?

With most states facing serious short-term budget problems, state governments are considering anything and everything as a way of creating additional income—anything is on the table! This has led to a lot of creative solutions, new laws and the enforcement or re-interpretation of old regulations. State reciprocity and unclaimed property regulations, which have been in existence since the 1940s but not fully enforced, are one of the many areas at risk for greater enforcement and exposure here. Things are so bad that some states now require back-up withholding for individuals who are not W-8 or W-9 certified. All of these things can impact the stock plans you manage and the individuals who participate in them. Tune in to this webcast to hear our expert panelists discuss how the sad state of many of our U.S. states impact you and what you can do to avoid becoming a victim of these budget nightmares.