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Home My WebLink About12-08-06 t 'R(uJ 12-5-2006 COMMON~i~~~~B.~GSYL VANIA DEPARtMENt Of:" REVENuE BUR~~~~j~KB~~O~ES HARRISBU~~ffI<1Jr-7128-0601 ORDH,\,~I'Q ('('I 'fiT II Ir\J\) \',) ~..../;._,/I..)J', eLI', M'>~i'l (>" 'l~ ':-'.--' ._,' '.', I'f\ Telephone 717783-5826 Linda J. Lundberg A.V.P. PNC Wealth Management P.O. Box 308 Camp Hill, PA 17011 Re: Estate of Elmer A. Groene File Number 2106-0209 Date of Death: 1/1/2006 Dear Ms. Lundberg: Enclosed is a "Notice of Inheritance Tax Appraisement, Allowance or Disallowance of Deductions and Assessment of Tax," (REV-1547 EX), ACN 101 establishing the tax applicable to all present interests in the above estate. Also enclosed is a "Notice of Inheritance Tax Appraisement, Allowance or Disallowance of Deductions and Assessment of Tax," (REV-1547 EX), ACN 102 establishing the tax applicable to future interests where the rate of tax is uncertain. Based on the provisions of the above decedent's Will, Deed of Trust and the information reported on Schedule M by the estate representative, the Department concurs with the estate representative's compromise proposal, and the tax on the future interests have been assessed as shown on the ACN 102 assessment notice. All existing inheritance and/or estate tax payments have been appropriately applied. Any changes which become necessary as a result of a protest decision or an order of court will be reflected in adjustments to both ACN 101 and ACN 102. Please contact me at the telephone number above if you have any questions. Sincerely, ~<---LJ\ ~ Bill Lyons Trust Valuation Specialist Inheritance Tax Division Enclosure ciJ BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX 280601 HARRISBURG, PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX DATE ESTATE OF DATE OF DEATH FILE NO. COUNTY ACN 12-5-2006 Elmer A. Groene 1/1/2006 2106-0209 Cumberland 101 Linda J. Lundberg A.V.P. PNC Wealth Management P.O. Box 308 Camp Hill PA 17011 REV.1547 EX (06-05) PC Appeal Date: (See reverse side under Objections) Amount Remitted I I MAKE CHECK PAYABLE AND REMIT PAYMENT TO: Register of Wills Cumberland County Courthouse Carlisle, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ - REV~1547 EK(06-(fsfpC - - - - - - - - - - - - - Noi"IC-Er ,iF -'N~fERiT A-NCE- TAjf AP-PRAIg-EME-Ni"-, - ALLOWANCE- OR - - - - - - - - - - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX Elmer A. Groene FILE NO. 2106-0209 ACN 101 DATE 12-5-2006 TAX RETURN WAS: 0 ACCEPTED AS FILED ~ CHANGED see attached notice RESERVATION CONCERNING FUTURE INTEREST _ SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. Mortgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/ Misc. Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) 8. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 36,624.80 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 4,561.88 11. Total Deductions (11) 41,186.68 12. Net Value ofTax Return (12) 2,953,636.20 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 0.00 14. Net Value of Estate Subject to Tax (14) 2,953,636.20 NOTE: If an assessment was issued previously, lines 14,15 and/or 16,17 and 18 will reflect figures that include the total of ALL returns assessed to date. PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (_) TOTAL TAX CREDIT 0.00 BALANCE OF TAX DUE 0.00 INTEREST 0.00 TOTAL DUE 0.00 ESTATE OF (1 ) (2) (3) (4) (5) (6) (7) 0.00 131,848.25 0.00 0.00 107,106.98 0.00 2,755,867.65 (8) ASSESSMENT OF TAX: 15. Amount of Line 14 at Spousal rate 16. Amount of Line 14 taxable at Lineal/Class A rate 17. Amount of Line 14 taxable at Sibling rate 18. Amount of Line 14 taxable at Collateral/Class B rate 19. Principal Tax Due TAX CREDITS: (15) (16) (17) (18) 1,027,574.02 X .00 X.045 X .12 X .15 (19) IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. 2,994,822.88 0.00 0.00 (iF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A CREDIT (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTiONS.) ~ ~ REV-1470 EX (6-88) INHERITANCE TAX EXPLANATION OF CHANGES COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES PO Box. 280601 HARRISBURG PA 17128-0601 DECEDENTS NAME Elmer A. Groene FILE NUMBER Bill Lyons ACN 2106-0209 101 REVIEWED BY SCHEDULE ITEM NO. EXPLANATION OF CHANGES The tax due on all current interests is reflected on the attached Inheritance Tax Assessment. The tax due on all future interest uncertainties is covered on the attached compromise tax assessment,(ACN 102). ROW Page 1 BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX 280601 HARRISBURG, PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE Linda J. Lundberg A.V.P. PNC Wealth Management P.O. Box 308 Camp Hill PA 17011 NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX DATE ESTATE OF DATE OF DEATH FILE NO. COUNTY ACN 12-5-2006 Elmer A. Groene 1/1/2006 2106-0209 Cumberland 102 REV-1547 EX (OS-lJS} PC Appeal Date: (See reverse side under Objections) Amount Remitted I I MAKE CHECK PAYABLE AND REMIT PAYMENT TO: Register of Wills Cumberland County Courthouse Carlisle, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS <:J . - FfEv~154i E)rc06-Osfpc - - - - - - - - - - - - - -Notic-E- (iF -IN j:[E Rfr A-NCE- TAj( AFiPRAiS-EMENt~ - AU.owANce- OR _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX Elmer A. Groene FILE NO. 2106-0209 ACN 102 TAX RETURN WAS: ( 1:8] ACCEPTED AS FILED 0 CHANGED RESERVATION CONCERNING FUTURE INTEREST _ SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: Remainder RETURN ESTATE OF DATE 12-5-2006 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. Mortgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/ Misc. Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) 8. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 0.00 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 0.00 11. Total Deductions (11) 0.00 12. NetValueofTaxReturn (12) 1,926,062.18 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 0.00 14. Net Value of Estate Subject to Tax (14) 1,926,062.18 NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17 and 18 will reflect figures that include the total of ALL returns assessed to date. (1 ) (2) (3) (4) (5) (6) (7) 0.00 0.00 0.00 0.00 0.00 0.00 1,926,062.18 (8) NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. 1,926,062.18 ASSESSMENT OF TAX: 15. Amount of Line 14 at Spousal rate 16. Amount of Line 14 taxable at Lineal/Class A rate 17. Amount of Line 14 taxable at Sibling rate 18. Amount of Line 14 taxable at Collateral/Class B rate 19. Principal Tax Due TAX CREDITS: (15) 809,235.02 X .00 0.00 (16) 1 ,116,827.16 X .045 50,257.22 (17) X .12 (18) X .15 (19) 50,257.22 PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAIDJ:) 03-29-2006 CD006491 2,500.00 47,500.00 09-29-2006 CDOO7272 257.22 TOTAL TAX CREDIT 50,257.22 BALANCE OF TAX DUE 0.00 INTEREST 0.00 TOTAL DUE 0.00 IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. (IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A CREDIT (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) %