Free Arizona 652 Form

When filling out the Arizona 652 form, it is important to follow certain guidelines to ensure accuracy and compliance. Here is a list of things you should and shouldn't do:

• Do double-check all personal information for accuracy.
• Do provide complete and legible information in every field.
• Do include the correct Tax ID number for each owner.
• Do verify the last activity date for the property.
• Do ensure that you list all owners if there is more than one.
• Don't leave any required fields blank.
• Don't use abbreviations that may cause confusion.
• Don't submit the form without reviewing it for errors.
• Don't forget to include any additional information that may be relevant.
• Don't rush through the process; take your time to ensure everything is correct.

Following these tips can help streamline the process and reduce the chances of delays or issues with your submission.

When dealing with the Arizona 652 form, it's important to understand its purpose and how to fill it out correctly. Here are some key takeaways:

• The Arizona 652 form is used to report abandoned property to the Arizona Department of Revenue.
• Make sure to include the holder's name and Federal Employer Identification Number (EIN) at the top of the form.
• Provide a grand total remitted, which reflects the total amount of abandoned property being reported.
• Each item of abandoned property must be listed with specific details, including account number, check number, and property type.
• Include the cash amount remitted and the interest rate applicable to the property.
• It's essential to note the last activity date for each property listed.
• Gather accurate owner information, such as names, mailing addresses, and Tax IDs (SSN or EIN).
• If there are multiple owners, complete the additional owner sections thoroughly.
• Be aware of any relationship codes that may apply to the owners of the property.
• Double-check all entries for accuracy to avoid delays in processing your report.

By following these guidelines, you can ensure that the Arizona 652 form is filled out properly and submitted without issues.

When dealing with unclaimed property in Arizona, the Arizona 652 form is just one piece of the puzzle. Several other forms and documents may be necessary to ensure compliance with state regulations and to facilitate the process. Here’s a brief overview of some of these important documents.

• Arizona Form 652-A: This is an extension of the main form and is used to provide additional details about the abandoned property. It may include more owners or complex property types.
• NAUPA Report: The National Association of Unclaimed Property Administrators (NAUPA) provides guidelines and formats for reporting unclaimed property. This report helps standardize information across states.
• Owner Verification Form: This document is used to verify the identity of the property owner or their heirs. It may require personal information and supporting documents to confirm ownership.
• Claim Form: Individuals or entities wishing to claim their unclaimed property must fill out this form. It typically requires details about the property and proof of identity.
• Power of Attorney: If someone is acting on behalf of the property owner, a Power of Attorney form may be necessary. This document grants legal authority to another person to manage the claim process.
• Affidavit of Heirship: In cases where the property owner has passed away, this affidavit helps establish the rightful heirs. It outlines the relationship between the deceased and the heirs.
• Tax Identification Forms: Owners may need to submit tax identification forms, such as W-9 or W-8, to report income related to the unclaimed property for tax purposes.
• Death Certificate: If the owner of the property is deceased, a certified copy of the death certificate may be required to process claims by heirs.
• Bank Statements or Financial Records: These documents may be needed to substantiate claims regarding the ownership of certain financial assets.

Understanding these forms can simplify the process of claiming unclaimed property in Arizona. Each document serves a specific purpose and can help ensure that all necessary information is provided to facilitate a successful claim.

Guidelines on How to Fill Out Arizona 652

Once you have gathered all the necessary information, you can begin filling out the Arizona 652 form. This form is essential for reporting abandoned property, and it requires accurate details about the property and its owners. Follow the steps below to ensure you complete the form correctly.

1. Start by entering the Holder Name at the top of the form.
2. Fill in the Federal Employer Identification Number (EIN).
3. In the Grand Total Remitted section, indicate the total amount you are remitting.
4. For each item, provide the following details:
• Item Number
• Account Number
• Check Number
• NAUPA Property Type
• Cash Amount Remitted
• Interest Rate
• Last Activity Date
• Owner’s Last Name
• Owner’s First Name / Middle Initial
• Owner’s Mailing Address
• City, State, ZIP Code
• Country
• Owner’s Tax ID (SSN or EIN)
• Owner’s Date of Birth
• NAUPA Relationship Code
• Fee/Drilling Cost
• Number of Shares Remitted
• Security/Mutual Fund Name
• CUSIP Number
• Date of Death
5. If there is more than one owner for the property, complete the additional owner fields:
• Additional Owner’s Last Name
• Additional Owner’s First Name / Middle Initial
• Additional Owner’s Tax ID (SSN or EIN)
• Relationship Code
• Additional Owner’s Date of Birth
• Additional Owner’s Date of Death
• Other Information Available
6. Repeat the additional owner fields if there are more than two owners.
7. Finally, review the entire form for accuracy before submission.

Completing the Arizona Form 652, which is used for reporting abandoned property, requires careful attention to detail. One common mistake is failing to provide complete and accurate information in the Holder Name section. Omitting or misspelling the name can lead to delays in processing and potential complications in reclaiming the property.

Another frequent error involves the Federal Employer Identification Number. This number must be accurately entered; otherwise, it can create issues with identification and verification of the property holder. Inaccuracies here may result in the rejection of the submission.

Many individuals overlook the importance of including the Owner’s Tax ID, whether it is a Social Security Number (SSN) or Employer Identification Number (EIN). Missing this information can hinder the processing of the claim and may prevent rightful owners from reclaiming their property.

It is also essential to provide the correct Last Activity Date. Some people mistakenly enter the date of submission instead of the actual last activity date associated with the property. This can lead to confusion and may affect the eligibility of the claim.

Inaccurate reporting of the Cash Amount Remitted is another common mistake. Individuals sometimes miscalculate or fail to include all relevant amounts, which can result in discrepancies during the review process.

Another area where errors frequently occur is in the Owner’s Mailing Address. Providing an incomplete or incorrect address can delay communication and the return of any unclaimed property. It is crucial to double-check this information for accuracy.

When there are multiple owners, individuals often neglect to complete the additional fields for each owner. Each Additional Owner’s Last Name and corresponding information must be filled out completely to ensure all parties are recognized in the claim.

Additionally, failing to include the NAUPA Relationship Code can complicate the claim process. This code is vital for identifying the relationship between the owner and the property, and omitting it may lead to further inquiries or delays.

Some individuals also forget to specify the Security/Mutual Fund Name and CUSIP Number. These details are necessary for accurately identifying the type of property being reported and ensuring proper classification.

Lastly, not reviewing the form for overall completeness and accuracy before submission can lead to avoidable mistakes. Taking the time to verify all entries can prevent delays and ensure a smoother process in reclaiming unclaimed property.