Section 45IAC3.1-1-16. Final account and certificate of clearance of fiduciary

   Certificate of Clearance. A fiduciary entity opened before June 30, 1963, must file with the Fiduciary Section of the Indiana Department of Revenue a final accounting, showing proof of payments prior to July 1, 1963, and a Form IT-41 tax return, in order to receive a certificate of clearance.

  If a fiduciary entity is opened after June 30, 1963, the fiduciary will not receive a certificate of clearance and will not submit to the Department a final accounting. However, the fiduciary shall allege in his final accounting that "an adjusted gross income tax return has been properly filed."

  If the fiduciary was subject to a tax, then he should allege in his final acccounting [sic.] that "any and all taxes due or assessable by the Income Tax Division of the Indiana Department of Revenue against the fiduciary has been paid." (Department of State Revenue; Reg 6-3-1-3.5(c)(070); filed Oct 15, 1979, 11:15 am: 2 IR 1519; errata, 2 IR 1743)