The URL can be used to link to this page

Home My WebLink About10-17-08--- -- „~- __ _ - ~ t ~. ~~ ~-. ~. ~ traF ~j~Y ~~ r t ~ ~ a uur,S3~~ wr'~ +~r ~ 1 0011 ».~ ~ ~Y ~~~w~"~~~ ~ a;hty ;~.~ ~M _~,:»•"+`"""a:.•~ attas~•' 't~tn.. T mpw ~ .. .. ;p ConiferRd ewville, PA X7241-8738 Register Of Wills Cumberland e S Cua a Nouse 1 Court lions Q Carlisle, PA 17013 .~.--. 1,«l11~~~1!l,t~~~~!l,~11-,.1l~~~ih~~i~1-~lt~l~1~~I,1~~l11~~1 - ~~°-~~ r ,. t -- ~ i. ^ r ~, C ~. 'ti...ai~. .~ .... .. PENNSYLVANIA INHERITANCE TAX INFORMATION NOTICE Og~l~r;~ BUREAU OF INDIVIDUAL TAXES AND FILE N0. 21 v`1-~ Po sox 280601 TAXPAYER RESPONSE ACN 08145526 HARRISBURG PA 17128-0601 DATE 10-08-2008 REV-1543 EX AFP (OB-48) TYPE OF ACCOUNT EST. OF HELENA A MCCRACKEN ^ SAVINGS SSN ® CHECKING DATE OF DEATH 07-28-2008 ^ TRUSr COUNTY CUMBERLAND ^ CERTIF. REMIT PAYMENT AND FORMS T0: BETTY J MURPHY REGISTER OF WILLS e.,,, 41 RIDGE AVE CUMBERLAND CO COURT H~SE •-, CARLISLE PA 17013 CARLISLE, PA 17013 C-=~ `~~ - - {.,,~ :~_ ~-~C7 _; _ c:: 5 ~ "") - -- ..- SOVEREIGN BANK provided the Departwent with the inforwation below, which has been us¢d io-calc(TSBfting the' ' , votential tax due. Records indicate that at the death of the above-mewed decedent, you were a Soint owner/bee i'a~v of~Iiis account. If you feel the inforwation is incorrect, please obtain written correction frow the financial institution, ati~aa copy ,~q thss forgY and return it to the above address. This account is taxable in accordance with the Inheritance Tax laws of ~e-9owwonwea of Pennsylvania. Please call (717) 787-8327 with questions. ~• ..r COMPLETE PART 1 BELOW * SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS--~ Account No. 1691083674 Date 08-04-2005 To ensure proper credit to the account, two Established copies of this notice wust accowpany Aetount Balance 745.93 paywent to the Register of Wills. Make check payable to "Register of Wills, Agent". Percent Taxable X 50.000 NOTE: If tax vaywents are wade within three Amount Subject to Tax $ 372 • 97 wonths of the decedent's date of death, TeX Rate ~( , ],j deduct a 5 percent discount on the tax due. Any Inheritance Tax due will becowe delinquent Potential Tax Due $ 55.95 nine wonths after the date of death. PART TAXPAYER RESPONSE 0 A. ^ The above inforwation and tax due is correct. Rewit paywent to the Register of Wills with two copies of this notice to obtain CHECK a discount or avoid interest, or check box "A" and return this notice to the Register of Wills and an official assessment will be issued by the PA Department of Revenue. ONE B L 0 C K B. ^ The above asset has been or will be reported and tax paid with the Pennsylvania Inheritance Tax return 0 N L Y to be filed by the estate representative. C. ^ The above inforwa ion is incorrect and/or debts and deductions were paid. Cowplete PART ^f2 and/or PART ~ below. PART If indicating a different tax rate, please state relationship to decedent: ~~ TAX RE TURN - COMPUTATION OF TAX ON JOINT/TRUST ACCOUNTS LINE 1. Date Established 1 2. Account Balance 2 $ 3. Percent Taxable 3 X 4. Amount Subject to Tax 4 5. Debts and Deductions 5 6. Amount Taxable 6 7. Tax Rate 7 X 8. Tax Due 8 PART DEBTS AND DEDUCTIONS CLAIMED 3^ DATE PAID PAYEE DESCRIPTION AMOUNT PAID TOTAL CEnter on Line 5 of Tax Computation) S Und r~penaltf pe ury, declare hat cts I have reported above are true, cor/renct and co 1$Ze to a est o e e~ HOME C"7(~ ) 7 7G' ~ oF~/ lv i ~ WORK C ) U ~o 'AXPAYER SIGNATURE TELEPHONE NUMBER DATE 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. A joint account is taxable even when the decedent's name was added as a matter of convenience. 4. Accounts (including those held between husband and wife) the decedent put in point names within one year prior to death are fully taxable. 5. Accounts established jointly between husband and wife more than one year prior to death are not taxable. 6. Accounts held by a decedent "in trust for" another or others are fully taxable. 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 of Part 1 of the "Taxpayer Response" section. Sign two copies and submit thew with a check for the amount of tax to the register of wills of the county indicated. The PA Department of Revenue will issue an official assessment (Form REV-1548 EX) upon receipt of the return from the register of wills. 2. BLOCK B - If the asset specified on this notice has been or will be reported and tax paid with the Pennsylvania Inheritance Tax Return filed by the estate's representative, place an "X" in Block B of Part 1 of the "Taxpayer Response" section. Sign one copy and return to the register of wills of the county indicated. 3. BLOCK C - If the notice information is incorrect and/or deductions are being claimed, check Block C and complete Parts 2 and 3 according to the instructions below. Sign two copies and submit them with your check for the amount of tax payable to the register of wills of the county indicated. The PA Department of Revenue will issue an official assessment (Form REV-1548 EX) upon receipt of the return from the register of wills. TAX RETURN - PART 2 - TAX COMPUTATION LINE 1. Enter the date the account originally was established or titled in the manner existing at date of death. NOTE: For a decedent who died after 12/12/82, accounts the decedent out in ioint names within one year of death are fully taxable. However, there is an exclusion not to exceed 53,000 par transferee, regardless of the value of the account or the number of accounts held. If a double asterisk C^*) apvears before your first name in the address portion of this notice, the 53,000 exclusion was deducted from the account balance as reported by the financial institution. 2. Enter the total balance of the account including interest accrued to the date of death. 3. The percentage of the account that is taxable to each survivor is determined as follows: A. The percentage taxable of Soint assets established pore than one near prior to the decedent's death: 1 DIVIDED BY TOTAL NUMBER OF DIYIDED BY TOTAL NUMBER OF MULTIPLIED BY 100 = PERCENT TAXABLE JOINT OWNERS SURYIVING JOINT OWNERS Example: A point asset registered in the name of the decedent and two other persons: 1 DIVIDED BY 3 (JOINT OWNERS) DIVIDED BY 2 (SURVIVORS) _ .167 X 100 = 16.7 Dercent (TAXABLE TO EACH SURVIVOR) B. The percentage 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 TOTAL NUMBER OF SURVIVING JOINT MULTIPLIED BY 100 = PERCENT TAXABLE OWNERS OR TRUST BENEFICIARIES Example: Joint account registered in the name of the decedent and two other persons and established within one year of death by the decedent. 1 DIVIDED BY 2 (SURVIVORS) _ .50 X 100 = 50 percent (TAXABLE FOR EACH SURVIVOR) 4. The amount sub5ect to tax (Line 4) is determined by multiplying the account balance (Line 2) by the percent taxable (Line 3). 5. Enter the total of the debts and deductions listed in Part 3. 6. The amount taxable (Line 6) is determined by subtracting the debts and deductions (Line 5) from the amount subject to tax (Line 4). 7. Enter the avpropriate tax rate (Line 7) as determined below. The tax rate iwposed on the net value of transfers from a deceased child 21 years of age or younger at death to or far the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent. The lineal class of heirs includes grandparents, parents, children and other lineal descendents. "Children" includes natural children whether or not they have been adopted by others, adopted children and step children. "Lineal descendents" includes all children of the natural parents and their descendents, whether or not they have been adopted by others; adopted descendents and their descendants; and step-descendants. "Siblings" are defined as individuals who have at least one parent in common with the decedent, whether by blood or adoption. The Collateral class of heirs includes all other beneficiaries. CLAIMED DEDUCTIONS - PART 3 - DEBTS AND DEDUCTIONS CLAIMED Allowable debts and deductions are determined as follows: Date of Death Spouse Lineal Sibling Collateral 07/01/94 to 12/31/94 3 percent 6 percent 15 percent 15 percent 01/01/95 to 06/30/00 0 percent 6 percent 15 percent 15 percent 07/01/00 to present 0 percent 4.5 percent ~ 12 percent 15 percent A. You are legally responsible for payment, or the estate subject to administration by a personal representative is insufficient to pay the deductible itens. B. You actually paid the debts after the death of the decedent and can furnish proof of payment. C. Debts being claimed must be itemized fully in Part 3. If additional space is needed, use 8 1/2" x 11" sheet of paper. Proof of payment may be requested by the PA Department of Revenue. COMMQ/NWEALTKyOF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. CD 010424 MURPHY BETTY J 41 RIDGE AVENUE CARLISLE, PA 17013 fold ESTATE INFORMATION: ssN: 206-32-2575 FILE NUMBER: 2108-1045 DECEDENT NAME: MCCRACKEN HELENA A DATE OF PAYMENT: 10/ 1 7/2008 POSTMARK DATE: 10/16/2008 COUNTY: CUMBERLAND DATE OF DEATH: 07/28/2008 REMARKS: BETTY J MURPHY CHECK# 956 SEAL ACN ASSESSMENT AMOUNT CONTROL NUMBER REV-1162 EX111-961 TOTAL AMOUNT PAID: INITIALS: WZ RECEIVED BY: REGISTER OF WILLS 555.95 GLENDA EARNER STRASBAUGH REGISTER OF WILLS