Ariz. Admin. Code § 4-12-554

Current through Register Vol. 30, No. 50, December 13, 2024

Section R4-12-554 - Statement of Accrued Taxes

The statement of accrued taxes which a funeral establishment delivers to the financial institution servicing a prearranged funeral trust account or accounts shall contain the following information:

1. Name of the funeral establishment.

2. Name and location of financial institution.

3. Prearranged funeral trust account number(s).

4. Statement identifying the person by whom taxes are due and payable concerning income earned from funds deposited in the trust account(s). The statement shall describe the taxing authority to which the taxes are due, the amount of taxes due and payable concerning each trust account and the fiscal period the taxes concern. The statement shall be signed and dated by the owner or responsible funeral director and one other employee of the establishment. On receipt of an appropriately completed statement of accrued taxes, the financial institution shall release a portion of the trust funds equal to the accrued taxes, payable to the taxing authority, to the funeral establishment.

Ariz. Admin. Code § R4-12-554

Adopted effective January 1, 1985 (Supp. 85-1).