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December 3, 2024

New and improved

ReportMyUP only
  • You can now edit your subscription on the Billing page.
    • Go to Settings > Billing to increase or decrease the number of property records included in your subscription at any time. Upgrades will take effect immediately to help prevent overages. Downgrades will take effect at your next renewal date.

Bug fixes

ReportMyUP only
  • We fixed how the Owner tax ID field works on the Property details page. Now, if the Owner tax ID type field is "Other," the Owner tax ID value can't be changed because it is a system-assigned value.
    • If you already entered an Owner tax ID and change the Owner tax ID type to "Other," the Owner tax ID field will be cleared, and a system-assigned value will be entered when you click Save.

Regulatory updates

ReportMyUP only
  • A new version of the Due Diligence by State document is available on the Compliance Resources > All page. Changes made in CT, FL, ID, and OK resulted in updates to their due diligence mailing windows.

  • Sovos' team of compliance specialists has reviewed and updated the following property codes to comply with spring 2025 reporting requirements.

  • New codes:
    State Property code Business category Description Dormancy (in months) Due diligence threshold
    FL VC02 All VIRTUAL CURRENCY CASH 60 50
    ID VC02 All VIRTUAL CURRENCY CASH 60 50
    Updated codes:
    State Property code Business category Description Dormancy (in months) Due diligence threshold
    ID HS01 All except Government HEALTH SAVINGS ACCOUNTS 60 36
    ID MS15 All except Government Property distributable in course of dissolution 0 12
    ID UT03 All except Government REFUNDS OR REBATES 60 12
    Removed codes:
    State Property code Business category Description
    ID IN10 All PROCEEDS OR SHARES OF STOCK FROM DEMUTUALIZATION
    ID IN77 All LIMITING AGE
    TX SC40 All NONTRANSFERABLE CERTIFICATED SHARES
    TX SC42 All NONTRANSFERABLE SECURITIES HELD BY BROKER/DEALER
    VT SD04 All STORAGE FACILITY SALES PROCEEDS