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HomeMy WebLinkAbout03-05-07 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE pr~ "'~,1r"r~\ -- ~~H~~~~A:~ i:l~~VII~~~L TAXES ::dlJ[',-1 i C"PC["'- PO BOX 280601 ',': :' , :', HARRISBURG PA 17128-0601 INHERITANCE TAX RECO,D AD~USTMENT DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 02-14-2007 MICKEY 01-13-2006 21 06-0077 CUMBERLAND 101 ZOD7 MAR -S PM I: 23 O CLEFU( OF Rt11 I"~, I'~ IT'/'\I\ :~ (Yjl rC")T RICHARD C sNeC~.M{fR ,'~~~,(." I'F;<\ SNELBAKER & BRENNEMAN 44 W MAIN ST MECHANICSBURG PA 17055 Allount Re.itted *' REV-1593 EX AFP (03-05) RUTH E MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE --+ RETAIN LOWER PORTION FOR YOUR RECORDS 4-- NOTE: To insure proper credit to your account. sub.it the upper portion of this for. with your tax pay.ent. REV-15'3 EX AFP (03-05) .. INHERITANCE TAX RECORD ADJUSTMENT .. ESTATE OF MICKEY RUTH E FILE NO. 21 06 - 0077 ACN 101 DATE 02-14-2007 (l) 114,000.00 {2> .00 {3> .00 {4> .00 E> {5> 28 ,867.67 {6> .00 {7> 220,740.37 C8> 363,608.04 C9> 4,305.24 ClO> 231. 31 ADJUSTMENT BASED ON: VALUE OF ESTATE: PROTEST BOARD DECISION 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 6. Jointly Owned Property {Schedule F> 7. Transfers {Schedule G> 8. Total Assets DEDUCTIONS AND EXEMPTIONS: Costs/ 9. Funeral Expenses/Administrative Miscellaneous Expenses {Schedule H> Debts/Mortgage Liabilities/Liens Total Deductions 10. II. 12. 13. 14. TAX: 15. U. 17. 18. 19. {Schedule I> ell> Cl2> {13> Cl4> Net Value of Tax Return Charitable/Govern.ental Bequests; Non-elected 9113 Trusts {Schedule J> Net Value of Estate Subject to Tax .ooxoo - 338.948.21 X 045- 20.123.28X 12 - .00X15 - Cl9> A.ount of Line 14 at Spousal rate Cl5> A.ount of Line 14 taxable at Lineal/Class A rate {U> A.ount of Line 14 at Sibling rate Cl7> Amount of Line 14 taxable at Collateral/Class B rate Cl8> Principal Tax Due T . . AMOUNT PAID INTEREST/PEN PAID {-> 631.58 .00 NUMBER CD006452 CD006713 DATE 03-21-2006 05-18-2006 12,000.00 3,558.22 INTEREST IS CHARGED THROUGH 03-01-2007 AT THE RATES APPLICABLE AS OUTLINED ON THE REVERSE SIDE OF THIS FORM TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE 4,536.55 359,071.49 .00 359,071.49 .00 15,252.67 2,414.79 .00 17,667.45 16,189.80 1,477.65 41.83 1,519.48 II 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.> ~ BOARD ~F APplALS DEPT. 281021 HARRISBURG, PA 17128-1021 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE ~ ILl c-, E~ ~ "'?-'- 0... /.f) , n:: ~r :iC r-- = = 1:''-1 f---'{ c: . --",r--' L1_ G l~--:: o c:~ f:~- e~:'; LLJ~ --1 ~:'C O::C . D- o:: o IN RE ESTATE OF: MICKEY RUTH E DOCKET NO. : TAX TYPE: APPEAL TYPE FILE NUMBER: ACN: APPRAISEMENT: PETITION FILED: EXAMINER: RICHARD C SNELBAKER ESO SNELBAKER & BRENNEMAN 44 W MAIN ST MECHANICSBURG PA 17055 MAILING DATE: 0624261 Inheritance Protest 2106-0077 101 1 0/30/2006 11/29/2006 SHAWN E YOUNG Direct Dial: (717) 783-7894 Fax: (717) 787-7270 Email:shyoung@state.pa.us February 5, 2007 C"") N DECISION AND ORDER On October 30, 2006, the Department issued an appraisement and assessment that valued the testamentary life estate created for the decedent's brother at $22,533.24. The Department's action was based on the belief the life tenant was 90 years old at decedent's death. The Petitioner has now established the life tenant was born November 8, 1913, and was actually 92 years and 2 months old at the date of death. The Board finds that the appropriate life estate factor from Table S, Pub. 1457, Actuarial Values, 5.4%, for a life tenant born November 8, 1913, is .17652. Accordingly, it is hereby, Ordered that the protest is sustained. The Department is directed to reduce the estate taxable at the 12% sibling rate to $20,123.28, and increase the estate taxable at the 4.5% lineal rate to $338,948.21. FOR THE BOARD OF APPEALS JOSEPH R. SLEEK, MEMBER . .. MICKEY RUTH E BOARD DOCKET NO. 0624261 Page 2 of 2 ... .. A STATEMENT OF ACCOUNT Will BE MAilED TO YOU BY THE BUREAU OF INDIVIDUAL TAXES. ANY APPEAL FROM THIS DECISION MUST BE FilED WITH THE ORPHANS' COURT WITHIN SIXTY (60) DAYS OF RECEIPT OF THIS DECISION. IF YOU REQUIRE THIS INFORMATION IN AN ALTERNATE FORMAT UNDER THE PROVISIONS OF AMERICANS WITH DISABILITIES ACT OF 1990, PLEASE CAll (717) 783-3664, OR FOR SERVICES FOR TAXPAYERS WITH SPECIAL HEARING AND SPEAKING NEEDS: 1-800-447-3020 (TT ONLY).