The Arizona 285Up form is the Unclaimed Property Disclosure/Representation Authorization Form used by individuals and entities to authorize a representative to act on their behalf regarding unclaimed property matters. This form allows claimants to provide necessary information and grant authority to their appointees, ensuring that confidential details can be shared with designated individuals. Completing this form is essential for those seeking to claim unclaimed property through a representative.
When filling out the Arizona 285UP form, it’s important to follow specific guidelines to ensure your submission is successful. Here are some do's and don'ts to keep in mind:
When filling out the Arizona 285Up form, it is essential to understand its purpose and the information required. Here are some key takeaways that can help guide you through the process:
By keeping these points in mind, you can navigate the Arizona 285Up form process more confidently and ensure that your claim is processed smoothly.
The Arizona 285Up form serves as the Unclaimed Property Disclosure and Representation Authorization form. It allows individuals or entities to authorize a designated appointee to act on their behalf regarding unclaimed property matters with the Arizona Department of Revenue. This form facilitates the sharing of confidential information related to unclaimed property and enables the appointee to perform various administrative tasks, such as claiming unclaimed property or signing waivers.
An appointee can be an individual who meets specific qualifications outlined in the form. This may include a full-time officer, partner, member, or manager of a limited liability company, an active member of the State Bar of Arizona, a Certified Public Accountant licensed in Arizona, or a federally authorized tax practitioner. Additionally, individuals can be designated if the total amount in dispute, including tax, penalties, and interest, is less than $5,000. It is important to ensure that the appointee is properly qualified to handle the responsibilities assigned to them.
The form provides options for granting either limited or full power of attorney to the appointee. Limited powers may include the ability to:
If the claimant opts for full power of attorney, the appointee will be authorized to perform any acts that the claimant could do regarding unclaimed property matters.
The Arizona 285Up form includes a section for revoking any earlier authorizations related to unclaimed property that may be on file with the Arizona Department of Revenue. By completing and submitting the new form, the claimant effectively nullifies any previous authorizations for the same year. This ensures that the Department of Revenue recognizes the most current appointee and their authority, streamlining the process of managing unclaimed property claims.
The Arizona 285UP form is an essential document for those looking to claim unclaimed property in the state. Along with this form, several other documents may be required to facilitate the process. Below is a list of commonly used forms and documents that are often submitted alongside the Arizona 285UP form.
Gathering these documents can streamline the claims process and increase the likelihood of a successful outcome. It’s important to ensure that all forms are completed accurately and submitted in a timely manner to avoid delays in processing the claim.
State of Arizona Unclaimed Property - For a smooth process, entities should ensure all required information is accurately filled out.
Arizona Income Tax Forms - The option to elect zero withholding is available for those expecting no tax liability.
ARIZONA FORM
Unclaimed Property Disclosure/Representation Authorization Form
285UP
ARIZONA DEPARTMENT OF REVENUE
1. CLAIMANT INFORMATION - Please print or type.
Enter only those that apply:
Claimant name
Social Security Number(s)
Present address
Federal Employer Identification Number
City, town or post office
State
Zip Code
Daytime telephone number
(
)
2. APPOINTEE/DESIGNEE OF CLAIMANT INFORMATION
Provide Number, as applicable:
Name
State and State Bar Number
State and Certified Public Accountant Number
Social Security or Other ID Number
()
3.RELEASE OF CONFIDENTIAL INFORMATION. The appointee named above is authorized to receive confidential information relating to the unclaimed property of the claimant named above. By signing this form, I authorize the Department to release confidential information of the claimant to the appointee.
To grant a limited power of attorney, complete section 4. To grant a full power of attorney, complete section 5.
4.LIMITED POWER OF ATTORNEY. Items 4a through 4e allow the claimant to grant additional authorization to the appointee named above with regard to Unclaimed Property administrative matters before the Department of Revenue. Please check the appropriate boxes. The additional authorization must be in accordance with Arizona Supreme Court Rule 31. See instructions.
4a Appointee shall have the power to claim and collect unclaimed property on behalf of the Claimant.
4b Appointee shall have the power to sign a statute of limitations waiver on Claimant’s behalf.
4c Appointee shall have the power to execute a protest of a deficiency assessment or a denied claim or to execute an agreement on Claimant’s behalf. 4d Appointee shall have the power to request a formal hearing on Claimant’s behalf.
4e Appointee shall have the authority to delegate to others any or all authority granted to appointee by this document.
4f Other (please specify):
5. POWER OF ATTORNEY. By checking the box on line 5, the claimant named above grants the appointee named above a Power of Attorney to perform any and all acts that the claimant can perform with regard to Unclaimed Property administrative matters before the Department of Revenue.
6.REVOCATION OF EARLIER AUTHORIZATION(S). This Authorization revokes any earlier Unclaimed Property Authorizations on file with the Arizona Department of Revenue for the same year covered by this authorization.
ADOR 17-5535 (5/06)
AZ FORM 285UP (2006) PAGE 2
7.CORPORATIONS HAVING CONTROLLED SUBSIDIARIES. A.R.S. §42-2003(A)(1) provides that confidential information relating to a corporate taxpayer may be disclosed to a designee of the taxpayer who is authorized in writing by the taxpayer. A principal corporate officer of a parent corporation may execute a written authorization for a controlled subsidiary. A principal corporate officer of a parent corporation that desires to designate a person to receive confidential information regarding the corporation’s controlled subsidiaries must either attach a list containing the names of each controlled subsidiary that the parent company wants included in the disclosure authorization (a federal Form 851 may be used for this purpose) or Claimant may complete the following to include all controlled subsidiaries in the disclosure authorization.
Include the following controlled subsidiaries. A controlled subsidiary, for purposes of A.R.S. §42-2003, is defined as more than 50% ownership or control.
NAME
FEDERAL I.D. NO.
7a
7b
7c
7d
7e
7f
8.SIGNATURE OF CLAIMANT. I hereby certify that I have the authority, within the meaning of A.R.S. §42-2003(A), to execute this authorization form on behalf of the above claimant. I understand that to knowingly prepare or present a document which is fraudulent or false is a Class 5 felony pursuant to A.R.S. §42-1127(B)(2).
►
SIGNATURE
DATE
PRINT NAME
TITLE
9.DECLARATION OF APPOINTEE. Complete if Appointee has been given authority under Section 4 or Section 5 or is otherwise authorized to pratice law as defined in Rule 31 of the Arizona Rules of the Supreme Court.
Under penalties of perjury, I, the above named appointee, declare that I am one of the following:
a A full-time officer, partner, member or manager of a limited liability company, or employee if the individual qualifies under Rule 31(c)13 of the Arizona Rules of the Supreme Court.
b Attorney - an active member of the State Bar of Arizona.
c Certified Public Accountant - duly qualified to practice as a Certified Public Accountant in Arizona.
d Federally Authorized Tax Practitioner within the meaning of A.R.S. § 42-2069(D)(1). If appointee is engaged in practice with a federally authorized tax practitioner, provide the practitioner’s name and CAF number below:
_______________________________________________________
___________________________
PRACTITIONER’S NAME
CAF NUMBER
eOther - This may be any individual, providing the total amount in dispute, including tax, penalties, and interest is less than $5,000.00.
DESIGNATION
JURISDICTION
Enter a letter (a, b, c d or e).
(State)
If this Declaration of Appointee is not signed and dated, the representation authorization will be returned.
Mail completed form to:
Arizona Department of Revenue Unclaimed Property Unit
1600 W. Monroe Street Phoenix, AZ 85007
Filling out the Arizona 285Up form is a straightforward process. Follow these steps carefully to ensure that all necessary information is provided. Once completed, the form will need to be mailed to the Arizona Department of Revenue.
When completing the Arizona 285Up form, individuals often make several common mistakes that can delay the processing of their claims. One frequent error is failing to provide complete claimant information. Each section must be filled out accurately, including the claimant's name, Social Security Number, and address. Incomplete information can lead to confusion and a rejection of the form.
Another mistake involves neglecting to sign the form. The signature of the claimant is crucial for validating the authorization. Without it, the form cannot be processed, and the claimant may miss out on their unclaimed property. It is essential to ensure that the signature is present and dated before submission.
Many people also overlook the section regarding the appointee or designee of the claimant. If an individual is appointing someone to act on their behalf, it is vital to provide accurate details about that person. This includes their name, address, and relevant identification numbers. Omitting this information can result in the appointee being unable to access necessary information regarding the claim.
Additionally, some claimants mistakenly believe that they can submit the form without revoking any previous authorizations. The 285Up form explicitly states that it revokes any earlier Unclaimed Property Authorizations for the same year. Failing to acknowledge this can create complications and lead to the processing of outdated claims.
Another common error is not checking the appropriate boxes in the limited power of attorney section. Claimants must specify what powers they wish to grant their appointee. Leaving these boxes unchecked can cause delays, as the Department of Revenue may require clarification before proceeding.
Finally, individuals sometimes forget to include all controlled subsidiaries when applicable. If a corporate taxpayer is involved, they must attach a list of controlled subsidiaries or complete the relevant section on the form. Missing this step can result in incomplete disclosures, potentially affecting the outcome of the claim.