HomeMy WebLinkAbout04-28-08
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
qr.::Y'iR!)CD t;~ffi()~F INHERITANCE TAX
"~~:~:':::~T;'~iL'tSEf1'Fi~T ("', ALLOWANCE OR DISALLOWANCE
..,t.b:\ \ Q.F\ bBDliet.l.OHS AND ASSESSMENT OF TAX
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
PO BOX 28U01
HARRISBURG PA 17128-0601
2008 APR 28 PM I: 06
'*
REV-15~7 EX AFP (06-05J
DATE 04-21-2008
ESTATE OF YOUNG GUY W
DATE OF DEATH 10-03-2006
FILE NUMBER 21 06-0938
COUNTY CUMBERLAND
ACN 101
APPEAL DATE: 06-20-2008
( See reverse side under Objections)
A.ount Remittedl I
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 ~
REY:is47-EX-AFP-coi:osi-NoricE-OF-iNHERiTANCE-rAX-APPRAisEMENT:-ALLOWANCE-oi---------------
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF YOUNG GUY W FILE NO. 21 06-0938 ACN 101 DATE 04-21-2008
CLERK OF
ORPH~N'S COURT
PI !~. ..r.r:'(~::',. !r,i '(I PA
MARCUS A MCKNIGHT I I l\Jvi,',~ 'i ::- \'.!., I
IRWIN & MCKNIGHT
60 W POHFRET ST
CARLISLE PA 17013
TAX RETURN WAS: (X) ACCEPTED AS F I LED
) CHANGED
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A) (1)
2. Stacks and Bands (Schedule B) (2)
3. Closely Held Stack/Partnership Interest (Schedule C) (3)
4. Mortgages/Nates Receivable (Schedule D) (4)
5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) (5)
6. Jointly Owned Property (Schedule F) (6)
7. Transfers (Schedule G) (7)
8.
Total Assets
111,000.00
.00
.00
.00
21,264.00
7,203.86
.00
(8)
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H)
10. Debts/Mortgage Liabilities/Liens (Schedule I)
11. Total Deductions
12.
13.
14.
(9)
ClO)
15,914.90
.00
Net Value of Tax Return
Charitable/Governmental Bequests; Nan-elected 9113 Trusts (Schedule J)
Net Value of Estate SUbject to Tax
If an assess.ent was issued previouslY, lines 14, 15 and/or 16, 17, 18 and 19 will
reflect figures that include the total of ~ returns assessed to date.
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 at Sibling rate
18. Amount of Line 14 taxable at Collateral/Class B rate
19. Principal Tax Due
C TS'
A
DATE
12-28-2007
12-28-2007
NOTE:
REC I
NUMBER
CD009118
CD009119
Cl5)
Cl6)
Cl71
Cl8)
52,521.76 X
71,031.20 X
.00 X
.00 X
(+)
PAID (-)
.00
.00
AMOUNT PAID
1,919.05
1,277.35
BALANCE OF UNPAID INTEREST/PENALTY AS OF 12-29-2007 TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN.
TOTAL DUE
* 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 farm with your
tax payment.
139,467.86
(11)
Cl2)
Cl3)
(14)
Pi.914 90
123,552.96
.00
123,552.96
00
045 =
12 =
15 =
.00
3,196.40
.00
.00
3,196.40
(19)=
3,196.40
.00
124.60
124.60
( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE L
A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
RESERVATION: Estates of decedents dying on or before DeceMber 12, 1982 .- if any future interest in the estate is transferred
in possession or enjoy.ent to Class B (collateral> beneficiaries of the decedent after the expiration of any estate for
life or for years, the Co..onwealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes
at the lawful Class B (collateral> rate on any such future interest.
PURPOSE OF
NOTICE:
PAYMENT:
REFUND (CR>:
OBJECTIONS:
To fulfill the requireMents of Section 2140 of the Inheritance and Estate Tax Act, Act 23 of 2000. (72 P.S.
Section 9140>'
Detach the top portion of this Notice and subMit with your p~.ent to the Register of Wills printed on the reverse side.
- -Make check or MOney order payable to: REGISTER OF WILLS, AGENT.
Failure to pay the tax, interest, and penalty due may result in the filing of a lien of record in the appropriate county,
or the issuance of an Orphan's Court citation.
A refund of a tax credit, which was not requested on the Tax Return, may be requested by completing an
"Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1313>. Applications are available
online at www.revenue.state.oa.us. any Register of Wills or Revenue District Office, or fro. the Department's
24-hour answering service for fOrMS orders: 1-800-362-2050; services for taxpayers with special hearing and/or
speaking needs: 1-800-447-3020 (TT only).
Any party in interest not satisfied with the appraisement, allowance or disallowance of deductions or asseSSMent of tax
(including discount or interest> as shown on this Notice May object within 60 days of the date of receipt of this notice
by filing one of the follOWing:
A) Protest to the PA DepartMent of Revenue, Board of Appeals. You may object by filing a protest online at
www.boardofaDDeals.state.pa.us on or before the expiration of the sixty-day appeal period. In order for
an electronic protest to be valid, you Must receive a confirMation nUMber and processed date fro. the
Board of Appeals website. You May also send a written protest to: PA DepartMent of Revenue, Board of Appeals,
P.O. Box 281021, Harrisburg, PA 17128-1021. Petitions may not be faxed.
B> Election to have the Matter deterMined at the audit of the account of the personal representative.
C> Appeal to the Orphans' Court.
ADMIN-
ISTRATIVE
CORRECTIONS: Factual errors discovered on this asseSSMent should be addressed in writing to: PA DepartMent of Revenue,
Bureau of Individual Taxes, ATTN: Post AsseSSMent Review Unit, P.O. Box 280601, Harrisburg, PA 17128-0601
Phone (717) 787-6505. See page 4 of the booklet "Instructions for Inheritance Tax Return for a Resident
Decedent" (REV-1501> for an explanation of administratively correctable errors.
DISCOUNT:
PENALTY:
INTEREST:
If any tax due is paid within three (3) calendar months after the decedent's death, a five percent (5%) discount of
the tax paid is allowed.
The 15% tax amnesty non-participation penalty is cOMPuted on the total of the tax and interest assessed, and not
paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation
penalty is appealable in the saMe Manner and in the the saMe time period as yOU would appeal the tax and interest
that has been assessed as indicated on this notice.
Interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day from the date of
death, to the date of payMent. Taxes which becaMe delinquent before January 1, 1982 bear interest at the rate of
six (6%> percent per annUM calculated at a daily rate of .000164. All taxes which became delinquent on and after
January 1, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate
announced by the PA Department of Revenue. Rates for years 1982 through 1999 can be found in the Pennsylvania
Resident Instruction Booklet, (REV-1;01), the Pennsylvania Non-resident Instruction Booklet (REV-1736) or on the
Pennsylvania Dept. of Revenue web site www.revenue.state.pa.us. The applicable interest rates for years 2000 through
2008 are:
Interest Daily Interest Daily Interest Daily
Year Rate Factor Year Rate Factor Year Rate Factor
2000 8% .000219 2001 9% .000247 2002 6% .000164
2003 5% .000137 2004 4% .000110 2005 5% .000137
2006 7% .000192 2007 BX .000219 2008 7% .000192
--Interest is calculated as follows:
INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
--Any Notice issued after the tax beCOMes delinquent will reflect an interest calculation to fifteen (1;) days
beyond the date of the assessment. If paYMent is made after the interest cOMPutation date shown on the
Notice, additional interest must be calculated.