HomeMy WebLinkAbout10-27-08COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES NOTICE OF INHERITANCE TAX
INHERITANCE 7AX DIVISION APPRAISEMENT, ALLOWANCE OR DISALLOWANCE
PD EJX :a06o1 OF DEDUCTIONS, AND ASSESSMENT OF TAX ON
HARRISBURG PA 17128-0601 JOINTLY HELD OR TRUST ASSETS REV-1546 EX AFP C06-05)
- ~^; ^`' .} ~~%' ~ DATE 10-27-2008
.._ ~ t i , .
"'"" ESTATE OF KISSINGER ANITA M
DATE OF DEATH 09-05-2008
_ FILE NUMBER 21 08-0926
_ COUNTY CUMBERLAND
- SSN/DC 202-36-5289
LESTER KISSINGER ~ ACN 08143649
11 LONGWOOD DRIVE APPEAL DATE: 12-26-2008
MECHANICSBURG PA 17050 (See reverse side under Objections)
Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT T0:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG THIS LINE '--'~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
REV-1548 EX AFP C03-05)--------------------------------------------------------------------
NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF
DEDUCTIONS, AND ASSESSMENT OF TAX ON JOINTLY HELD OR TRUST ASSETS
DATE 10-27-2008
ESTATE OF KISSINGER ANITA M DATE OF DEATH 09-05-2008 COUNTY CUMBERLAND
FILE N0. 21 08-0926 S.S/D.C. N0. 202-36-5289
ACN 08143649
TAX RETURN WAS: C ) ACCEPTED AS FILED CX) CHANGED SEE ATTACHED NOTICE
JOINT OR TRUST ASSET INFORMATION
FINANCIAL INSTITUTION: MEMBERS 1ST FCU ACCOUNT N0. 273535-D5
TYPE OF ACCOUNT: 4()SAVINGS C ) CHECKING C )TRUST C )TIME CERTIFICATE
DATE ESTABLISHED 10-25-2005
Account Balance
Percent Taxable
Amount Subject to Tax
Debts and Deductions
Taxable Amount
Tax Rate
Tax Due
24,143.95
)( 0.500
12,071.98
.00
12,071.98
)( . 4 5
543.24
NOTE: TO INSURE PROPER CREDIT TO
YOUR ACCOUNT, SUBMIT THE
UPPER PORTION OF THIS NOTICE
WITH YOUR TAX PAYMENT TO THE
REGISTER OF WILLS AT THE
ABOVE ADDRESS. MAKE CHECK
OR MONEY ORDER PAYABLE T0:
"REGISTER OF WILLS, AGENT."
TAX CREDITS:
PAYMENT
DATE RECEIPT
NUMBER DISCOUNT C+)
INTEREST/PEN PAID C-) AMOUNT PAID
PAYMENT MUST BE MADE BY 06-06-2009*. TOTAL TAX CREDIT .00
BALANCE OF TAX DUE 543.24
INTEREST AND PEN. .00
TOTAL DUE 543.24
* IF PAID AFTER THIS DATE, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST.
( IF TOTAL DUE IS LESS THAN S1, NO PAYMENT IS REpUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" C CR), YOU MAY BE DUE A REFUND.
REV-1470 EX (6-68)
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
PO Box 280601
INHERITANCE TAX
EXPLANATION
OF CHANGES
Anita M. Kissinger
tS Y
SCHEDULE
Michael Kodosky
NUMBER
2108-0926
08143649
EXPLANATION OF CHANGES
The Department has received a letter from Members 1St F.C.U. dated 10/01/2008
pertaining to this account. This letter is stating that it was your intent to be listed on this
account strictly as a power of attorney and not as a joint owner. After reviewing a copy
of the bank signature card for this account it was found that you did indeed sign on as
both a joint owner and also a power of attorney of this asset. Any joint owner is subject
to inheritance tax when another owner of the same item passes away.
Please be advised that the execution of a joint tenancy contract (signature card) which
provides that all monies are payable to either surviving party is sufficient to establish
Commonwealth's right to the tax. The Supreme Court in Olson Estate 447 PA 483 (1972)
held that under Section 241 (9108 of the Pennsylvania Inheritance and Estate Tax Act of
1995), such accounts are taxable in proportion to the number of joint tenants. The court
rejected the convenience account argument by noting that under Section 241 (9108), it is
improper to apply principles of ownership to determine the taxable portion of a joint
bank account. Joint property is taxable even though the decedent's name was added as
a matter of convenience.
An adjustment has been made to reflect this change.
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