HomeMy WebLinkAbout02-12-07
02-12-2007
TRACE
02-15-2006
21 06-0418
CUMBERLAND
101
APPEAL DATE: 04-13-2007
( See reverse side under Objections)
Amount Remittedl I
MAKE CHECK PAYABLE AND REMIT PAYMENT
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
PO BOX 280601
HARRISBURG PA 17128-0601
COMMONWEALTH OF PENNSYLVANIA
,_"QI;~A~TI'I~t!T OF REVENUE
NOTICe: OFe INHERITANCE TAX
APPRAISEHItN"-, AL,LOWANCE OR DISALLOWANCE
OF 'OEDUCTrONSAND ASSESSMENT OF TAX
2001 FES I 2
PH I: ?uiTE
ESTATE OF
DATE OF DEATH
FILE NUMBER
,COUNTY
ACN
JAMES A ULSH
3401 N FRONT
PO BOX 5950
HARRISBURG
ST
PA 17110
'*
REV-1547 EX AFP (06-05)
ROBERT
J
TO:
CUT ALONG THIS LINE --+ RETAIN LOWER PORTION FOR YOUR RECORDS +--
-------------------------------------------------------------------------------------------
REV-1547 EX AFP (03-05) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF TRACE ROBERT J FILE NO. 21 06-0418 ACN 101 DATE 02-12-2007
TAX RETURN WAS: ( ) ACCEPTED AS FILED
( X) CHANGED
SEE ATTACHED NOTICE
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
.00
.00
.00
.00
.00
117,247.18
3,981,238.45
(B)
1. Real Estate (Schedule A)
2.
3.
4.
5.
6.
7.
B.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Stocks and Bonds (Schedule B)
Closely Held Stock/Partnership Interest (Schedule C)
Mortgages/Notes Receivable (Schedule D)
Cash/Bank Deposits/Misc. Personal Property (Schedule E)
Jointly Owned Property (Schedule F)
Transfers (Schedule G)
Total Assets
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H)
10. Debts/Mortgage Liabilities/Liens (Schedule I)
11. Total Deductions
12. Net Value of Tax Return
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J)
14. Net Value of Estate Subject to Tax
(9)
(10)
95,430.00
644,426.21
(11)
(12)
(13)
(14)
NOTE: To insure proper
credit to your account,
submit the upper portion
of this form with your
tax payment.
4,098,485.63
7~9.8J;~.?1
3,358,629.42
.00
3,358,629.42
NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will
reflect figures that include the total of Ab..b. returns assessed to date.
ASSESSMENT OF TAX:
15. Amount of Line 14 at Spousal rate (15) .00 X 00 .00
16. Amount of Line 14 taxable at Lineal/Class A rate (16) 3,116,457.55 X 045 = 140,240.58
17. Amount of Line 14 at Sibling rate (17) .00 X 12 = .00
lB. Amount of Line 14 taxable at Collateral/Class B rate (18) 242,171.87 X 15 = 36,325.78
19. Principal Tax Due (19)= 176,566.36
TAX CREDITS:
PAYMENT ~ECEIPT l:lISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
05-15-2006 CD006697 4,736.84 90,000.00
05-15-2006 CD006698 1,052.63 20,000.00
05-15-2006 CD006699 526.32 10,000.00
11-15-2006 CD007450 .00 33,826.41
INTEREST IS CHARGED THROUGH 02-27-2007 TOTAL TAX CREDIT 160,142.20
AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX DUE 16,424.16
REVERSE SIDE OF THIS FORM INTEREST AND PEN. 353.68
TOTAL DUE 16,777.84
* IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST.
( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. J
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE
A R~FUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
REV-1470 EXl6-88)
INHERITANCE TAX
EXPLANATION
OF CHANGES
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
PO Box 280601
HARRISBURG PA 17128-0601
DECEDENT'S NAME
FILE NUMBER
2106-0418
101
Robert Trace
ACN
REVIEWED BY
H McClintock
ITEM
SCHEDULE NO.
F 1-3
EXPLANATION OF CHANGES
Items are taxable in decedents estate. The Department takes the position that all joint
accounts are taxable at the fractional manner as stated in ~ 9108(c)(1.3) of Pennsylvania
Inheritance and Estate Tax 2nd Revised Ed.
Also see Graham Est., 358 Pa. 383 (1948), aff'g 9 Monroe 89 (1947): Wilson Ap., 38 Erie
176 (1955); Burns Est., 11 Fiduc. Rep. 259 (O.C. Phila. 1961).
ROW
Page 1