When a payroll check is subject to escheatment, who handles the distribution of the money?

Question

Quizplus · Accepted Answer

When a payroll check is subject to escheatment, it means that the unclaimed wages are turned over to the state after a certain period of time. The state then holds the funds until the rightful owner (the employee or their heirs) claims them. This process is governed by state laws, not by the IRS, the employee, or the company issuing the payroll check.

When a Payroll Check Is Subject to Escheatment, Who Handles