Final account and certificate of clearance of fiduciary

Sec. 16. 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."