Jennifer C. Waryjas

Of Counsel

Chicago + 1.312.269.4057

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Jennifer Waryjas has extensive experience in unclaimed property and state and local tax, including multistate tax analysis, audits, and litigation. She provides a multifaceted approach to complex sales and income tax issues. Jennifer has substantial knowledge in all aspects of voluntary disclosures and audits, having been previously employed in tax consulting, where she formulated calculations and oversaw remediations, and understands the numbers behind the legal issues at stake.

Having worked extensively with clients involved in audits with contract fee auditors and issue resolution with state administrators, Jennifer has successfully negotiated positive audit outcomes and client-friendly regulations. She has litigated a variety of tax matters with the city of Chicago and state of Illinois resulting in reasonable outcomes. She also has litigated False Claims Act cases, stemming from both tax and unclaimed property issues.

Jennifer's representations include clients in cryptocurrency, oil and gas, manufacturing, telecom, card companies, hospitality, telemedicine, medical and hospice care, and securities. Highlights of her experience include "no-change" unclaimed property audits with the states of Arkansas, Colorado, Delaware, Florida, and Massachusetts; a zero assessment audit with the Illinois Department of Revenue; and a multimillion dollar qui tam dismissal.

Jennifer is a frequent speaker with the Unclaimed Property Professionals Organization (UPPO) and is the 2024-2025 UPPO immediate past president. She is also the 2024 Institute for Professionals in Taxation (IPT) Income Tax Symposium chair and the 2026 Annual Conference Income Tax co-chair.

Experience

  • Affiliate of Centre Lane Partners acquires appliance business from Instant BrandsJones Day advised an affiliate of Centre Lane Partners in the acquisition and financing of the appliances business of Instant Brands, designer and distributor of kitchen and home appliances, including the Instant Pot, pursuant to Section 363 of title 11 of the United States Code.
  • Diebold Nixdorf successfully restructures over $2.7 billion in funded debt and completes the first-ever dual proceeding under the U.S. bankruptcy code and Dutch restructuring law in 71 daysIn the first-ever cross border restructuring involving dual main proceedings under chapter 11 of the U.S. Bankruptcy Code and a scheme of arrangement (the "Dutch Scheme") under the Dutch Act on Confirmation of Extrajudicial Plans (Wet Homologatie Onderhands Akkoord ("WHOA")), and the first-ever chapter 15 recognition of Dutch Scheme proceedings and a sanctioned WHOA reorganization plan (the "WHOA Plan"), Jones Day represented Diebold Nixdorf, Incorporated ("Diebold") and certain of its U.S. and Canadian subsidiaries (the "Debtors") in connection with (i) the prepackaged chapter 11 cases of In re Diebold Holding Company, LLC, et al., (Case No. 23-90602-DRJ) commenced on June 1, 2023, in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"); (ii) the Dutch Scheme, commenced on June 1, 2023 by Diebold Nixdorf Dutch Holding B.V. (the "Dutch Issuer") in the District Court of Amsterdam (the "Dutch Court"), and (iii) the chapter 15 proceedings before the Bankruptcy Court commenced by the foreign representative of the Dutch Issuer, wherein the Bankruptcy Court recognized the Dutch Scheme proceeding as a foreign main proceeding and recognized and extended comity to the WHOA Plan that was sanctioned by the Dutch Court.
    • View All

    August 2022 Video

    JONES DAY PRESENTS®: Tax Implications of Telehealth as Remote Services Become the Norm

    March 2022 Commentary

    California Unclaimed Property Amnesty on the Horizon

    September 2021 White Paper

    Crypto and the Reach of Unclaimed Property Laws: Is New Illinois Legislation the Future?

    September 2020 Commentary

    Remote Work Could Reduce Chicago Lease Tax

    August 2019 Commentary

    Actions in 2020 May Imperil Illinois Nonresident Taxpayer Positions in 2021

    February 2019 Alert

    Illinois Unclaimed Property Auditors Target Previously Exempt Business-to-Business Property

    February 2019 Alert

    New Illinois Corporate Income Tax Bills Seek to Tax Foreign Income

    Additional Publications

    • April 2024
      Blockchain for Business Lawyers, Unclaimed Property Chapter
    • October 2021
      IICLE State and Local Tax Handbook, 2021 Edition, Chapter 4 - Other Department of Revenue Taxes
    • January 1, 2017
      IICLE State and Local Tax Handbook, 2017 Edition, Chapter 4 - Other Department of Revenue Taxes

    Additional Speaking Engagements

    • March 12, 2024
      UPPO Annual Conference - Ethics
    • February 9, 2024
      Deloitte Multistate Tax Symposium - Unclaimed Property
    • October 26, 2023
      Chicago Tax Club Fall Seminar - How and Why Unclaimed Property Matters When Preparing your CA Franchise Tax Return
    • June 12, 2023
      Credit Congress - Escheatment Bootcamp
    • March 15, 2023
      UPPO Annual Conference - Ethics and DEI
    • March 13, 2023
      UPPO Annual Conference - Legalese for Non-Lawyers
    • February 14, 2023
      National Association of State Treasurers - Federal Impacts of Cryptocurrency on State Unclaimed Property Panel
    • February 8, 2023
      Tax Institute, Crypto 101, the Federal and State Tax Considerations and AUP Regulatoin
    • September 28, 2022
      Taxpayers Federation of Illinois -Cryptocurrencies and NFTs
    • August 22, 2022
      Grant Thornton and Jones Day — Past, Present, and Future of Regulation — Cryptocurrency
    • June 8, 2022
      NACM Annual Conference — Private Escheat & Anti-Limitations Application
    • March 29, 2022
      UPPO Annual Conference — Evolving Developments in Virtual Currencies
    • January 20, 2022
      CPA Society-State and Local Tax Conference — Crypto and AUP
    • March 29, 2021
      UPPO Annual Conference, Data Privacy and Fraud
    • March 18, 2021
      ABA/IPT Advanced Tax Seminar, Statutory Construction — The Foundation of a Persuasive Tax Argument
    • June 20,2020
      Duff & Phelps Guest Speaker, Sales Tax Planning in Uncertain Times
    • October 23, 2019
      Council on State Tax, 50th Annual Meeting; Sourcing of Transactions for Both Sales and Income Taxes
    • September 23-24, 2019
      Institute for Professionals In Tax, Sales Tax Symposium, Managing Between Generations
    • September 17, 2019
      Taxpayers' Federation of Illinois Annual Conference - Escheat Happens
    • March 26, 2019
      Dealing with Data: Fraud and Cybersecurity Concerns, UPPO Annual Conference
    • June 28, 2018
      State of the State, Illinois Update, Chicago Tax Club
    • April 17, 2018
      Illinois Unclaimed Property Law Update
    • February 26, 2018
      Technology and Record Retention, UPPO Annual Conference
    • October 18, 2017
      Changes in the AUP Landscape, Chicago Bar Association
    • August 24, 2017
      Protecting Disclosure in Unclaimed Property Audits: Privacy, Confidentiality, and Fair Play - Implications of Third-Party Disclosures

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