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Home My WebLink About08-11-08COMMONWEALTyi OF PENtv4YLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 1 7 1 28-0601 RECEIVED FROM: FRAKER JENNIFER 5 CONTINENTAL COURT OWING MILL, MD 21117 fold PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT ESTATE INFORMATION: ssN: 208-3s-5597 FILE NUMBER: 210$-0885 DECEDENT NAME: FRAKER CHARLES DATE OF PAYMENT: 08/28f 2008 POSTMARK DATE: O$/1 1 /2008 COUNTY: CUMBERLAND DATE OF DEATH: 07/ 1 6/2008 REV-1162 E=X111-96) NO. CD 010205 ACN ASSESSMENT AMOUNT CONTROL NUMBER 08134017 ~ $2.68 TOTAL AMOUNT PAID: REMARKS: FRAKER JENNIFER CHECK# 8967 SEAL INITIALS: WZ RECEIVED BY: 52.68 GLENDA EARNER STRASBAUGH REGISTER OF WILLS REGISTER OF WILLS COMMDNWEALTH OF PENNSYLVANIA DEPARTMENT DF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280681 ~ , HARRISBURG, PA 17128-0601 REV-1543 EX PFP C09-00) INFORMATION NOTICE FILE N0. 21 ~ ~ W ^ AND ACN 08134017 TAXPAYER RESPONSE DATE 07-28-2008 ~;' - i ~t~r i ~ Ir i ~ r. y '. i ~ ~ _ ~~, JENNIFER ~~kER 5 CONTINENTAL COURT OWING MILL MD 21117 TYPE OF ACCOUNT EST. OF CHARLES FRAKER ® SAVINGS $.$. N0. 208-38-5597 ^ CHECKING DATE OF DEATH 07-16-2008 ^ TRUST COUNTY CUMBERLAND ^ CERTIF. REMIT PAYMENT AND FORMS T0: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 MEMBERS 1ST FCU has provided the Department with the information listed below which has been used in calculating the potential tax due. Their records indicate that at the death of the above decedent, you were a joint owner/beneficiary of this account. If you feel this information is incorrect, please obtain written correction from the financial institution, attach a copy to this form and return it to the above address. This account is taxable in accordance with the Inheritance Tax Laws of the Commonwealth of Pennsylvania. Questions may be answered by calling C717) 787-8327. COMPLETE PART 1 BELOW * * * SEE REVERSE SIDE FOR rILIN6 AND PAYMENT INSTRUCTIONS Account No. 111065-00 Account Balance Percent Taxable Amount Subject to Tax lax Rate Potential Tax Due u TAX RETURN - COMPUTATION LINE 1. Date Established 2. Account Balance 3. Percent Taxable 4. Amount Subject to Tax 5. Debts and Deductions 6. Amount Taxable 7. Tax Rate 8. Tax Due Date 10-05-1989 Established 357.15 x 16.667 59.53 X OF TAX ON JOINT/TRUST ACCOUNTS 1 2 3 X 4 5 6 7 X 8 TO Insure proper credit to your account, two (2) copies of this notice must accompany your payment to the Register of Wills. Make check payable to: "Register of Wills, Agent". NDTE: If tax payments are made within three C3) months of the decedent's date of death, you may deduct a 5% discount of the tax due. Anv inheritance tax due will become delinquent nine (9) months after the date of death. TOTAL CEnter on Line 5 of Tax Computation) 8 Under penalties of perjury, I declare that the facts I have reported above ~a1re true, correct and complete to the best of my kn ledge and belief. HOME C ~MI ~ ) ~ `~ ~ ~ ~ Q S ~ /t-----~ WORK C J ~,/~U~ TAXPA SIGNA RE TELEPHONE NUMBER AD'TE PART DEBTS AND DEDUCTIONS CLAIMED DATE PAID PAYEE DESCRIPTION AMOUNT PAID GENERAL INFORMATION 1. FAILURE TO RESPOND WILL RESULT IN AN OFFICIAL TAX ASSESSMENT with applicable interest based on information submitted by the financial institution. 2. Inheritance tax becomes delinquent nine months after the decedent's date of death. 3, p joint account is taxable even though the decedent's name was added as a matter of convenience. 4. Accounts (including those held between husband and wife) which the decedent put in joint names within one Year prior to death are fully taxable as transfers. 6. Accounts heldbbYSaedecedenty"inttrusthfobananotherlor othershareotaxable fully to death are not taxab e. REPORTING INSTRUCTIONS - PART 1 - TAXPAYER RESPONSE 1. BLOCK A - If the information and computation in the notice are correct and deductions are not being claimed, place an "X" in block "A" ofs{e~tof WillseofTtheacountYSpndicatedctiThe PA1Departmentlof RevenuemwillhissuetanYOfficialkassessmentmount of tax to the Regi (Form REV-1548 EX) upon receipt of the return from the Register of Wil s. 2. BLOCK B nlfiled bYSthesdecedent'snrepresentativeasplace an ~X^lineblockrtBd ufdPa t laof theh"T ax payers Response"nsectionGe Sign one Tax Retur copy and return to the PA Department of Revenue, Bureau of Individual Taxes, Dept 280601, Harrisburg, PA 17128-0601 in the envelope provided. claimed, check block "C" and complete Parts 2 and 3 3. BLOCK C - If the notice information is incorrect and/or deductions are being according to the inn{ruindicatedlowTheSPAn DepartmentsofnRevenuetwillmissue anuofficialfassessmentu(Form REV-1548bEX)tupon receipter of Wills of the cou v of the return from the Resister of Wills. - o _ TAX COMPUTATION TAX RETURN ART 2 1. Enter the date the account originally was established or titled in the manner existing at date of dea . LINE NOTE: taxableefullYtasvtransfers.12However,Atheretiswancexclusion notttouexceedoS3t000mperwtransferee(regardless ofatheavalue of the account or the number of accounts held. alreadyuhas beenrdeducted fromathebaccountobalancetasareportedebvdthesfinancial institutionice, the 53,000 exclusion 2. Enter the total balance of the account including interest accrued to the date of death. 3. The percent of the account that is taxable for each survivor is determined as follows: A. The percent taxable for joint assets established more than one near prior X 100 decePERCENTdTAXABLE 1 DIVIDED BY TOTAL NUMBER OF DIVIDED BY SURVIVINGBJOINT OWNERS JOINT OWNERS Example: A joint asset registered in the name of the decedent and two othe16p7 s(TAXABLE FOR EACH SURVIVOR) 1 DIVIDED BY 3 (JOINT OWNERS) DIVIDED BY 2 (SURVIVORS) _ .167 X 100 = g. The percent taxable for assets created within one Year of the decedent's death or accounts owned by the decedent but held in trust for another individual(s) (trust beneficiaries): 1 DIVIDED BY OWNERSNORBTRUST BENEFICIARIESNT X 100 = PERCENT TAXABLE Example: Joint account registered in the name of the decedent and two other persons and established within one near of death by the decedent. 1 DIVIDED BY 2 (SURVIVORS) _ .50 X lOD = 50% (TAXABLE FDR EACH SURVIVOR 4. The amohettotaleof thetdebts1and4deductionsmlistedyinuPartl3ing the account balance (line 2) by the percent taxable Cline 3). 5. Enter t 6. The amYhetaPp op~iateltaxbrate Clinem7)easbdeterminedlbelowe debts and deductions (line 5) from the amount subject to tax (line 7. Enter Sibling Collateral Spouse Lineal Date of Death 15% 3% 6% 15% 07/01/94 to 12/31/94 15% 0~ 6% 15% 01/01/95 to 06/30/00 15% 0% 4.5%~ 12% 07/01/00 to present The tau rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger or a stepparent of the child is 0%. death to or for the use of a natural parent, an adoptive parent, The lineal class of heirs includes grandvarents, parents, children, and lineal descendents. Children" includes natural chil ren adopted children and step children. 'Liadoptedsdescendentsnanddtheirldescendantsf the whether or not they have been adopted by others, natural parents and their descendents, whether or not they have been adopted by others, and step-doscThea"Collateral"gclasseofeheirs includeslalllother beneficiaries one parent in common with the decedent, whether by bloo or adovtio - PART 3 - DEBTS AND DEDUCTIONS CLAIMED CLAIMED DEDUCTIONS Allowable debts and deductions are determined as follows: A. You legally are responsible for payment, or the estate subject to administration by a personal representative is insufficient to pay the deductible items. Proof of B. You actually paid the debts after death of the decedent and can furnish proof of pavmen . C. Debts being claimed must be itemized fully in Part 3. If additional space is needed, use plain paper 8 1/2" x 11 . payment may be requested by the PA Department of Revenue. ., 7 .. O 7 1 ~~=~v Nx~ca ce zoo ~o~~ ~ornZm a ~~Zi ., oo~ N < C ~ ~ cn rte- m a ZXZ m~ Nm ~ 1 n ,^ H W 1+~~ •~ yy Hy V r~S~~y ~O M '"S W A m ~, ~_ Y 9 •~. m w m x °i ~. a3naao ssvi5-ireii i 0 s a o ~ d a Z 7 W r 6 W ~ a Q ~ F~ 7 Q ~ V '' N O a 0 WO ~ ~Y x J W ov r N O Z O O