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HomeMy WebLinkAbout06-25-08CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ ------------------------------------------------------------------------------------------- REV-1548 EX AFP 003-05) t ~ NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALL[1WANCE OF DEDUCTIONS, AND ASSESSMENT OF TAX ON JOINTLY HELD OR TRUST ASSETS DATE 06-23-2008 ESTATE OF SMITH AUDREY DATE OF DEATH 02-28-2008 COUNTY CUMBERLAND FILE N0. 21 08-0587 S.S/D.C. N0. 174-20-5882 ACN 08118167 TAX RETURN WAS: CX) ACCEPTED AS FILED C ) CHANGED JOINT OR TRUST ASSET INFORMATION FINANCIAL INSTITUTION: MEMBERS 1ST FED CREDIT UNION ACCOUNT N0. 2994-00 TYPE OF ACCOUNT: 4OSAVINGS C ) CHECKING C )TRUST C )TIME CERTIFICATE ~ DATE ESTABLISHED 09-08-1994 `~: Account Balance Percent Taxable Amau~t Subject to Tax Debts and Deductions Taxable Amount Tax Rate Tax Due TAX CREDITS: 531.77 X 0.500 265.89 _ .00 265.89 X .45 11.97 ;,~ sJ ~~ _I. NOTE: TO INSURE,.~RQF'ER~REDI_T YC;1 YOUR ACCOUJd=f~.~ SU 1$,IT THE UPPER PORi"FET.i{= OF THIS rN9TI~G.E WITH YOUR'7~1`~(;PAY~NT TO 'THE REGISTER _~F~WILLS AT T+IE' ABOVE ADD.~ES1S. MNAKE CHECK OR MONEY =fJRDER PAYJ-BLE T0: "REGISTER OF WILLS, AGENT." PAYMENT DATE RECEIPT NUMBER DISCOUNT C+) INTEREST/PEN PAID C-) AMOUNT" PAID ~~~ t j ~~° ~~'~ ~,~~ ~~ c c C~~~~~- PAYMENT MUST BE MADE BY 11-29-2008*. TOTAL TA}: REDIT .00 BALANCE OF TAX DUE 11.97 INTEREST AND PEN. .00 TOTAL. DUE 11.97 ~ IF PAID AFTE R TH IS DATE, SEE REVERSE FOR CALCULATION OF ADDIT IONAL INTEREST. ~ C IF TOTAL DUE IS LESS THAN 81, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" ( CR), YOU MAY BE DUE A REFUND. ~E REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. ) REFUND CCR): 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 from 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 CTT only). OBJECTIONS: 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 ob,iect within b0 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.boardofappeals.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 from the Board of Appeals web site. You may also send a written protest to: PA Department of Revenue, Board of Appeals: P.0. Hox 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. ADMIN- C) Appeal to the Orphans' Court. ISTRATIVE CORRECTIONS: Factual errors discovered on this assessment should be addressed in writing ta: 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: If any tax due is paid within three t3) calendar months after the decedent's death, a five percent (5%) discount of the tax paid is allowed. PENALTY: 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: Interest is charged beginning with first day of delinquency, or nine C9) months and one tl) 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 .D00164. All taxes which became delinquent on or 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-1501), 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 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 2D02 b% .000164 2003 5% .000137 2004 4% .000110 2005 5% .000137 20D6 7% .000192 2007 8% .000219 2008 7% .000192 --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID X NUlIBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen C15) 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. Check Image .~ ~ Page 1 of 1. 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