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HomeMy WebLinkAbout81-00220 o N C'>l . 111 Ii! i ~ ~ ~ I . If r.l ~ i '2Xi '/. I. . , ..... '(\I 0 ~ ~. .1 - III -= LLI . .0. Z ~ . >< . ~ :, t . lI: ~ ,: PENNSYLVANIA INHElllTANCE TAX GENERAL INFORMATION 1. PERSONS RESPONSIBLE FOR RETURN Section 701 of the Inheritance and Estate Tax Act of 1961 provides that IIw lollovlinp persons shall prepare ami file a return: a. The personal representative of :he cstate of the decedent as to properly of Ihe (Jecedent adnllnistered by him and such additional property which is or may be subject to Inherit:mce Tax of which he/she slwil have or acqui re knowl edge; b. The transleree of property IIpon the transfer of which Inheri l:mce Tax i~; (II may be imposed by the 1961 Statute, including a trustee of property transferred in trust, provided [halno sep,llilte return need be made by Ihe transferee of property included in the return 01 a personal represcntative. 2, PLACE FOR FILING The lehlln is to be filed in duplicate vdh the Register 01 Wiils ollhe r.ounty wherein the decedent resided, 3. TIME FOR FILING The return is due nine months aller the decedent's death, unless an exlellsion for filing has been applied for and granted by the Secretary of Revenue within the nine-month perind, 4, FAILURE TO FILE RETURN Seclion791 of the 1961 Statute providcs that" . . ,any person who willfully fails to file a return or other report required of him. . ,shall be personally liable. . .to a penalty of 25% of the tax ultimately found to be due or $1,000 whichever is the lesser to be recovered by the Department of Revenue as debts of like amount are recoverable by law." 5. TAX RATES Inheritance Tax is payable at the ratenf 6%on transfers to lineal descendants, such as father, mother, husband, wife, son, daughter, grandchildren, grandparent, son-in.law and daugl1Ier-in-law and at the rate of 15% as to all others, 6, PAYMENT OF TAX The tax assessed on the transfer of property reported in the return is due 9 months after the decedent's death, Interest at the rate of 6% per annum accrues thereafter until payment is made. All payments receiyed are fi rst applied to any interest which may be due with any remainder applied to the tax, IF TAX IS PAID WITHIN 3 MONTHS AFTER THE DECEDENT'S DEATH, A D1SCOUNTOF 5%OF THE TAX PAYMENT IS ALLOWED. All checks should be made payable to the Register of Wills of the county wherein the decedent resided and me received subject to the final determination of the Department of Revenue. 7, FAiLURE TO PAY The taxes imposed, together with any interest thereon, are a lien upon real property, which lien remains in effect until the taxes and interest have been paid in full. The taxes may be sued for against any real property in the decedent's estate or against any plOperty belonging to a transferee liable for the tax. 8. FILlNGOF FALSE RETURN Any person who willfully makes a false return or report required of him shall, in accordance with Section 793 of the 1961 Statute, be guilty of a misdemeanor and, on conviction Ihereof, shall be sentenced to pay a fine not exceeding $1,000 or undergo imprisonment not exceeding one year or both. INSTRUCTIONS FOR COMPLETING SCHEDULE "A" Schedule "A" should include 0 detniled description of 011 real property located in Pennsylvania and held solely by the decedent or held jointly with another indiyidual (s) as tenants in common, List the decedent's percentage of ownership and the estimated market value of the decedent's interest. (Property held as joint tenants with the right of surYiyorship or tenants by entireties should be reported on Schedule "E".) All real estate located in Pennsylvania should be described by lot and block number, street address, number of acres and general description of land and buil dings. Also, include the book and page number in which the deed is recorded and the exact title as indicated on the deed, If the property has been sold, attach a copy of the settlement sheet. If the property is subject to a mortgage encumbrance, include the name of the mortgagee, date, rate of interest and the outstanding balance an the date of death and attach a statement from the mortgagor yerifying the outstanding balance. Property taxes and interest on mortgages as of the date of death, assessments and other encumbrances should be listed on Schedule "F", Do not deduct them on Schedule "A". . REV-U2t'-SO" 'COMMONWE"'~ TH OF PENNSY~V...NI... DEP"'RTMENT OF REVENUE TR"'NSFER INHERIT...NCE T"'X RESIDENT OECEDENT EST"'TE OF _ June E. Banks SCHEDULE "C" TRANSFERS .. , . ..' , . , ~ INSTRUCTIONS: 1. Answer the questions on reverse side, 2. If the answer to any of the questions on the reyerse side is "Yes," provide a description of the property transferred per Schedules "A," "B," or "E," its estimated market value at date of death, dates of transfer, to whom transferred and relationship of transferees to decedent. Attach a copy of any trust deed or instrument relating to the transferred property. \ ! \ I I I \ \ I I \ I \ , 1 I ITEM NO, DESCRIPTION REAL PROPERTY ~fAJ!,<l.uf ,;-tfl. 0, ALL THAT CERTAIN tract or parcel of land situate in East pennsboro Township, Cumberland County, Pennsylvania, more particularly bounde and described as follows, to wit:- BEGINNING at a point in the center line of Ma- garo Road which point is 80 feet West of the Center line of Patricia Drive and at Westerly line of land now or late of Oren H. Groves, et ux; THENCE along the last mentioned land South 40 degrees 30 minutes East 150 feet to a point; THENCE further along same South 49 degrees 30 minutes West 100 feet to a point; which contin along land now or late of Frances P. Sgrignoli and Loris J. Sgrignoli, his wife, to Easterly line of lands now or late of Philip E. Sgrignol' and wife; THENCE along the last mentioned lands North 40 degrees 30 minutes West 150 feet to a point in the center line of Magaro Road afore- said; THENCE along same North 49 degrees 30 minutes East 100 feet to a point, the place of BEGINNING. BEING premises known as 825 Magaro Road, BEING, the same premises which June E. Banks by her deed dated February 28, 1979 and re- corded on March 1, 1979 in the Office of the Recorder of Deeds of Cumberland County in Deed Book 28, Vol. H, p. 666, granted and conveyed to Curtis E. Banks, III, and Albert H. Banks, her sons, as joint tenants with right of sur- vivorship, subject to decedent's life estate. In partial consideration thereof, transferees assumed the outstanding mortgage as of March 1, 1979. This amount is deductible pursuant to ~22l(a) and ~224 of the Inheritance Tax Act, Estimated market value TOTAL THIS PAGE ESTIMATED MARKET VALUE DEPT, YALUATION (OFFICIAL USE ONL YJ $36,500.00/ s _ 8,026.16 28,473.84 28 473.84/ QUESTIONS CONCERNING PROPERTY TRANSFERS 1. Did decedent, within two yearsof death, make any transfer of any material part of his estate without receiYing yaluable and adequate considernlion? (Answer "Yes" or "No".) YES 2. Did decedent, within two yearsof death, transfer property from himself! herself to himself/herself and another party or parties (including a spouse) in joint ownership? (Answer "Yes" or "No",) ..BL 3. If the answer to one or two above is "Yes" and the transfers are claimed to be nontaxable, provide the following information: a, Age of decedent at time of transfer, b, Copy of death certi ficate, c. Affidavit by the attending physician indicating the state of decedent's health at time of transfer, d. All other information supporling non taxability of transfer. 4. Did decedent, in his/her lifetime, make any transfer of property without receiYing a valuable or adequate consideration therefor which was to take effect in possession or enjoyment at or after hiS/her death? (Answer "Yes" or "No".) YES* a. Was there any possibility that the property transferred might return to transferor or his/her estate or be subject to his/her power of disposition? (Answer "Yes" or "No" ,) NO b. What was the transferee's age at time of decedent's death? 18 ;md 25 5. Did decedent in his/her lifetime make any transfer without receiving a yaluable and adequate consideration therefor under which transferor expressly or impliedly reserves for his/her life or any period which does in fact end before his/her death: a, The possession or enjoyment of or the right to income from the property transferred? (Answer "Yes" or "No".) ~ b, The right to designate the persons who shall possess or enjoy the properly transferred or income therefrom? (Answer "Yes" or "No",) NO 6, If the answer to five b. above is "Yes," state whether the right was reserved in decedent alone or others. 7, Did decedent in his/her lifetime make a transfer, the consideration for which was transferee's promise to pay income to or for the benefit or care of transferor? (Answer "Yes" or "No".) NO 8. Did decedent, at any time, transfer property, the bmeficial enjoyment of which was subject to change, because of a reserved power to al ter, amend, or revoke, or which could revert to decedent under terms of transfer or by operation of law? (Answer "Yes" or "No",) NO 9. If the answer to eight above is "Yes," was the power to alter, amend or revoke the interest of the beneficiary reserved in the decedent alone or the decedent and others? (Answer "Yes" or "No".) * same transfer as No. 1 REV0453 EX+ (3.80) . COl-\MONWEA~ TH OF PENNSV~VANIA . DEPARTMENT OF REVENUE TRANSFER INHERITANCE TAX RESIDENT DECEDENT SCHEDULE "D" BENEFICIARIES '*' (Instructions on Reverse Sldel Estate of June E. Banks BENEFICIARIES AND ADDRESSES RELATIONSHIP SURVIVED DECEDENT DATE OF BIRTH INTEREST OF BENEFICIARY Albert H. Banks 825 Ma aro Road Enola PA 17025 son es one-half Curtis E. Banks 825 Magaro Road son es one-half I \ \ \ \ I i i I i The above beneficiaries are living at this time except for the following: I DATE OF DEATH !. i \ I ! NAME REV.454 EX+ (3'80,) 'CQMMONWEAL TH OF PENNSY~VANIA DEPARTMENT OF REVENUE TRANSFER INHERITANCE TAX RESIDENT DECEDENT SCHEDULE "E" JOINTL Y OWNED PROPERTY '* (Instructions on Reverse Side) Estate 0 f june E. Banks TOTAL PE VALUE OF DEPARTMENT IT~M \ NO, DESCRIPTION MARKET DECEDENT'S VALUATION VALUE N INTEREST (Official Use Only) T NONE . TOTAL THIS PAGE -0- -n- ,$J~ File Number INHERITANCE TAX SUMMARY SHEET (BUREAU USE ONLY) 21-81-0220 Date af Death January 2, 1981 @ Original o Supplemental o Remainder Al!V..U4 I!X+ 1&-80) Estate Name June E. Banks i , I I ! Social Security Number 172-01-4862 REPORT OF INHERITANCE TAX APPRAISER I, the und.nlgned duly appointed Inheritance Tax Apprais.r in and for the County of Cumberland Pennsylvania, do respectfully report that I have appraised the real and personal property as reported in the foregoing r.tum at the valu....t forth apposite each Item in the lost column to the right In Schedules "A", "B", "C", and "E" Dated: April 13, 1981 )jy. .In) IPfilA,,~/() INHERITANCE TAX APPRAISER INVENTORV ADJUSTMENTS VA~UE AS APPRAISED CODE (HARRISBURG USE ON~Y) $ None DD+ 150 00 la+ None 20+ 28 473 84 3a+ ___.___.2.6,,622 84 40- REMAINDER APPRAISEMENT CODE 92+ Reol Properly (Schedule A) Personol Proparty (Schedule B) Jolnt.Held Properly (Schedule E) Tran.f.rI (Schedule C) TOT A~ GROSS ASSETS 93. Leu O.bt. and Deductions (SCHEDULE F) CLEAR VALUE OF ESTATE o Life Estate o Annuity !!ill FACTOR PRINCIPLE VA~UE CODE \ FOR USE OF REGISTER ON~ Y T ox on $ Tax on $ CODE COMPUTATION OF TAX $ $ $ $ $ 6" '" 15% Tax on $ Tax on $ T ax on $ Exemptions T otol Estate TOTAL TAX INTEREST FROM B"'~ANCE TO $ $ $ Leu Crodlts DATE OF PAYMENT T AX CREDIT AMOUNT PAID $ S INTEREST FROM BA~ANCE DUE ~ ~ ~ ~ '0 ltl " Z ~ ~ III 0 ~ 0 .>: '"' ~ ~ 0 '0 Vl <Il s.. .0: <:: :;J ltl 0. ltl . ..... ...1 [it ltl s.. ~ 0- N < :<: ltl Ql ~ N - Ql ..... .0 N U ~ <:: U"\ 0 9 - ::l N <:: l:. ..., 0) [it u l:. - 0 ~ ~ l:. 0 ~ !-< 0 Vl 0 Z Vl Vl >- '"' 0 0 - ~ Z ~ ~ '"' ~ Z z :l 0 - 0 IX: ~ ::.: ::E CI ~ ~ Z Z '"' u " - ~ Vl ~ 8 0 ~ z ::: ~ Q :l COMMONWEALTH Of PENNSYLVANIA COUNTY Of CUMBERLAND I J 55: Curtis E. Banks _..,-_._~-----,.._.._--_.._.__._'------_._--- .--.-.-.--. --_. -.-.--....-..---..- .-----.-.-.....--.-.------.--.- ... being duly sworn 00__'__._ according to law, deposes and says that ho __,___.jJ3_!;..b.~,_-_-. ---- ___~rson'!L.!'~p_I.~_:;;,e.!lJ;.<~J:i_y~___.__.. of the Estate of June E. Banks lato of ___, Cumberland County, Po" de coo sod and that tho within is an invontory modo by ",C_ur_~i.s E,,13ank~___. __'_ __??oo_, the said~SOna1 rep-,-._ of tho entiro ostato of said docedenl, Co"sjsting of all the porsonal prop.rly and roal ostate, oxcopt roal ostato outsido the Commonwealth 01 Pennsylvania, and that the figures opposite each item of tho Inventory roprosont it's lair yaluo as 01 tho dato 01 decode nt's death. d'.~'-7'"'-t:_~.! . d~~t;r- J ,. 4.' " /'4? ' [u,c \ Y. It(/t,-<</! / . .." , . '... '. M(IIM(( pU.lIC Mv CommiUiQfl ExpitcJ Auclnt 5, 1984 Harmburg, PA . Diluphln COt/fllV:, Date 01 Death nd ..b",'b,d b,l", mo, I 19 /1 /:)"f.(' / c_ :'(/J ./;.'----- Per~&5~I~~~~~~entative __~25 .li,!garo Road (1/_ },f/;f).L Eno1a, PA 17025 Addr." 2nd January Month 1981 Day Yur INSTRUCTIONS I. An inventory must bo filed within three months alter appointment 01 personal represelltative. 2. A supplement inventory must be filed within thirty days 01 discovery 01 additional assets. 3. Additional sheets may be attached as to personalty or realty 4. See Article IV, Fiduciaries Act 011949. ("..I l~ O' u.;~':: co :;:;.: L.: ~. N I ., Li. e fl" "'" ,-- ,.<.- ,-,. ....- - 0::'" 10 C, ~. o Z Ii I , , /S;Jl~ ~, '" gd: c,; -, ,,~CJ :.:.u ~j.I.:;:j '.-;"J ~u ...; u >- ~ ... w ~ ~ co< B .. W <Jl ~ 11. ~ U 0 0 VI ~ W co< w c l- I 11. ... ...J U. P'l ~ Z U. ...J <( 0 I 11. W 0 <( w ~l ,;.. > Z co< . Z 0 c c ~ VI Z 0 co< <( ~I u w 11. "" C - .. : -;: 0 ~ .0 ~ E . .. ~ ...J U ~ '" " 11. ... ~ c ~ o ~ ... "" ..! u: -" o o '" COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF EXAMINATION OFFICIAL NOTICE OF INHERITANCE TAX ASSESSMENT ~ ~ TO: If! ,'i 1'.-;'-'/ II) /::i:u!:t.i..[AV ..1/:;. /'-i/. ':""1.,. j."::" ,;~, ......'("l // ,//,~.;, .;',J\.J / ,/,'_I,d,.-1._ ..(~/:.,( '-/..;'1"/ l-. ">/t Ii i.L-l '1 I ,:~(, ESTATE . !.L/c.f. ) 1 /'7 n ,I ,/ . 1/' /..../;' , .I/. "-;/,1./ (. /u~f4(..I~ // (? ",'/. /1-2;>('/ COUNTY FI~E NO: .' I '/1 -:', ..:.:;.-f -(I-"/:>() DATE FILE NO. ,'I; ;;1' / / If. ;) COUNTY . , /i j;' , ,( I '; 1/ . ,i/ '-t J .I Lt...N.", .' , ,,;,'n..d '{II ,-;,/' / '/(//' 1//) DA TE OF DEATH Appraised Value of Estate: Real Estate $ Personal Property + / ,1);1 /..101) Jointly Held PropertylTransfers + ;:'/ /li:3 , 'j ...:,,( Total Gross Estate , ' $ ," /" it:;./:) . ''I /1 " v Clear Value of Estate " ~) y j" "jl I: .~, ._. _' I $ _I .,'j 1t ;/:-; Total Approved Deductions ---_.__.--~ Less: Approved Charitable Exemptions Clear Value of Estate Subject to Tax $.{,) 3' '3 (~, ,,/3 Amount Taxable @ 6% Rate / -1'~& J;J ;;; ! . /'/ $ .Ad tax due $ /.A'21) / , tax due TOTAL PENNSYLVANIA INHERITANCE TAX DUE $ / /} ;')() /9 , /'....., j ./ Amount Taxable @ 15% Rate 'It * * 'It 'It * A five percent discount totaling $ will be granted if the Inheritance Tax is paid by Less Credits: DATE OF PAYMENT AMOUNT PAID DISCOUNT INTEREST TAX CREDIT Li " ;; 7-../_. / $ //,/"/ ;:: , + $ 1/ / c' / $ = $ 'I _," ,I, ". /, /'1" , + = + = Interest accrues at the rate of six (6) percent per annum on the unpaid balance of Inheritance Tax from to date of payment. Interest due if paid by is BA~NCE OF PENNSY~VANIA INHERITANCE TAX DUE $ .,,:",( 1) /",. ~" I ,L..- 'J. /. Assossed by: II / /i, / l' See lnlormBlion on Reverse Side Agenllorlh.e~ommo.?'wallh ! / i/.C l.~ .( _1 ....J .... /)1 '~'-.' ., V ,'i/ >.//'-C-~}..J 'I ;1:- INFORMATION To insure proper credit to your account, tho name of the ostate and filo number should be clearly print. ed on tho check or money order. This assessment is made in accordance ......ith Section 708 of the Inheritance and Estate Tax Act of 1961 (72 P,S, 9 2485.708). To the oxtent that inheritance tax is paid within three (3) months after the death of the decedent. a discount of five (5) percent is allowed (72 P,S. 9 2485,715). Inheritance Tax. other than tax on a future interest, is due at the date of the decedent's death and becomes delinquent at the expiration of nine (9) months after the ducedent's death (72 P.S. S 2485.711). Inheritance Tax on a future interest is payable within three (3) months after the transfer tilkos effect in possossion and enjoyment and is delinquent thereafter (72 P,S. 9 2485-712). Calculate interest from the delinquent date shown on the face of this form to the date of actual payment using the following interest table: ------------ --------- - -------- - --- ---- -- ---- --- - - --- - --- -- ._----- -- -- - - - -- -- 1 month .005 4 months .020 7 months .035 10 months .050 2 months ,010 5 months .025 8 months .040 11 months .055 3 months .015 6 months .030 9 months ,045 12 months .060 1 days .00017 11 days .00186 21 days .00352 2 days .00034 12 days .00203 22 days .00369 3 days .00051 '3 days ,00220 23 days ,00366 4 deys .00068 '4 days .00237 24 days .00403 5 days .00085 15 days .00250 25 days .00420 6 days .00101 16 days .00267 26 days .00437 7 days .0011B '7 days ,00284 27 days .00454 8 days .00135 18 days .00301 28 days ,00471 9 days .00152 '9 days .00318 29 days ,00488 10 deI'S .00169 20 days .00335 30 days .00500 -- --- ---------------- -- - -- -- -- --- -- - - ---- --- --- --- - - -- - --------- ------ Any party in interest, including the Commonwealth and the personal representative, not satisfied with the assessment may object thereto within sixty (60) days after receipt of this Notice as provided by Section 1001 of the Inheritance and Estete rox Act of 1961 172 P,S. 9 2485,10011, Make check or money order payable to: "Register of Wills, Agent" Mail to the address listed below: GENERAL INHERITANCE TAX INFORMATION Unsatisfied liabilities incurred by the decedent prior to his/her death are deductible against his/her taxable estate, In addition to debts incurred by the decedent or estate, other items are claimable including the cost of administration, attorney fees, fiduciary fees, funeral and buriai expen~es including the cost of a burial lot, tombstone or grave marker. All debts being claimed against an estate are subject to the approval of the Register of Wills with whom the Inheritance Tax Return is filed. Evidence to support the decedent's or the estate's liability for the debts being claimed should be attached to this schedljle, A family exemption of $2,000 may be ciaimed by a spouse of a decedent who died dDmiciled in Pennsylvania, If there is no spouse, or if the spouse has forfeited his/her rights, then any child of the decedent who is a member of the same housellOld can claim the exemption. In the event there is no such spouse or child, the exemption can be claimed by a parent or parents who are members of the same household as the decedent. The family exemption is allowable only against assets which pass by a will or by the Pennsylvania Intestate Laws, C ." CI n > t"<1 > ~ > 0 0 CI fJl 0 Z C'1 n c::: 0 ~ z ::: z t'" t"<1 t"<1 ~ Z :>:l 9 - 9 t'" Z Z t"<1 o-i m o-i Z 9 9 o-i -:: fJl t"<1 - CIl Z 0 fJl 0 .., 9 '11 '11 :>:l ~ ~ :"J 0 t "rl 0::; - .. 0 "rl ~' " - , Et 'f'~: l Z C'l ' c, - 1.'_.; '. c. :I> c: N ~2 t"" C,'.. I c::: WI.' : ~_~J C.,f'. ~ ....cc. CIl xv, 0.. '.)r.:...i t"<1 0(3 c<: 'co :.::~- 0 UhJ ,,~.J:.. ~'" -;::, Z ~ tuw ~ F' _J c, -:: -:: t"<1 t"<1 ~ :I> :I> :>:l :>:l INSTRUCTIONS FOR COMPLETING SCHEDULE "F" 1. If the family exemption is being claimed, indicate the claimant's name, address and his/her relationship to the decedent. Enter "family exemption" in the remarks column and the amount claimed in the amount column, 2. Assign consecutive numbers to each item listed. 3. Enter the date on which each debt was incurred and/or paid. 4, Enter the names of each payee. 5. Provide a brief explanation in the remarks column for each debt claimed. 6, Enter the amount of each debt being claimed. 7. The form must be signed by the person who has assumed the responsibility for paying the debts.