HomeMy WebLinkAbout12-08-06
November 30, 2006
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,'. \JBUREAO OF INDIVIDUAL TAXES
,.- PO BOX 280601
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Telephone
(717) 787-6670
Beverly Kelchner
RR 1, Box 150
Wapwallopen, PA 18660
Re: Estate of Alice \. Hoch
File Number 21 06-0714
ACN No. 06137387,06137389
Dear Ms. Kelchner:
This is in response to your letter of November 19. 2006 regarding the assessment
notices issued under the above relerenced estate and ACN numbers.
Please be advised that Section 9108 01 the Inheritance and Estate Tax Act provides that
tax is due on the decedent's proportionate share of all jointly held assets passing to the
surviving owner or owners. This is applicable lor all assets except lor those held between
husband and wife.
A review 01 our files indicates that notices were lorwarded to you and your brother
Ronald Hoch. under our Assessment Control Numbers (ACN) 06137386 and 06137387 lor
savings account j/. 9183308120 lit PNC Bank and ACN 06137386 and 06137389 lor checking
account j/. 9119009652 also at PNC Bank. Since the account was held in three (3) names, the
decedent's one-third ('h) interest in the accounts is subject to tax. Your mother's interest is
divided in two. with 'h 01 her interest (or 1f6~ 01 the account) passing to both you and your
brother as surviving owners. Both portions are subject to tax at the 4.5% lineal tax rate. Even
though your brother has forwarded payment lor the notices he received, that only represents his
share of your mother's portion of the account. The tax due on your share remains outstanding.
The taxes due 01 $15.39 on ACN 06137387 and $8.55 on ACN 06137389 should be
lorwarded to the cumberland County Register 01 Wills prior to January 28. 2007 in order to
avoid incurring interest charges.
I trust the above inlormation is satisfactory; however, should you require additional
assistance, please feel free to contact me.
/ even Jam
Tax Accoun ollection Technician
Post Assessment Review Unit
Inheritance Tax Division
Fax (717) 772-0412
sejames@state.pa.us
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