HomeMy WebLinkAbout10-27-08 (3)COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF '.^;DIVIDUAL TAXES 'NOTICE OF INHERITANCE TAX
INHERITANCE TAX DIVISION APPRAF-SEMENT, ALLOWANCE OR DISALLOWANCE
PO BOX 280601 OF DEDUCTIONS, AND ASSESSMENT OF TAX ON
HARRISBURG PA 17128-0601 'JOINTLY HELD OR TRUST ASSETS
;"'
LESTER KISSING~;R'
11 LONGWOOD DRIVE
MECHANICSBURG PA 17050
REV-1548 EX AFP (06-05)
DATE 10-27-2008
ESTATE OF KISSINGER ANITA M
DATE OF DEATH 09-05-2008
FILE NUMBER 21 08-0926
COUNTY CUMBERLAND
SSN/DC 202-36-5289
ACN 08143648
APPEAL DATE: 12-26-2008
(See reverse side under Objections)
Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT T0:
REGISTER QF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
REV-1548 EX AFP (03-05)--------------------------------------------------------------------
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 08143648
TAX RETURN WAS: C ) ACCEPTED AS FILED CX) CHANGED SEE ATTACHED NOTICE
JOINT OR TRUST ASSET INFORMATION
FINANCIAL INSTITUTION: MEMBERS 1ST FCU ACCOUNT N0. 273535-11
TYPE OF ACCOUNT: C )SAVINGS Q() CHECKING ( )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
TAX CREDITS:
3,103.95 NOTE:
~( 0.500
1,551.98
.00
1,551.98
X .45
69.84
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."
PAYMENT
DATE RECEIPT
NUMBER DISCOUNT (+)
INTEREST/PEN PAID (-) AMOUNT PAID
PAYMENT MUST BE MADE BY 06-06-2009*. TOTAL TAX CREDIT 00
BALANCE OF TAX DUE 69.84
INTEREST AND PEN. .00
TOTAL DUE 69.84
* IF PAID AFTER THIS DATE, SEE REVERSE FOR CALCULATION OF ADDIT IONAL INTEREST. ^
C IF TOTAL DUE IS LESS THAN S1, NO PAYMENT IS REQUIRED.
IF
cCC TOTAL DUE IS REFLECTED AS A "CREDIT" (
DrVrDCC crnr nr rurc cnou rno TucT O~~n CR), YOU MAY BE DUE A REFUND.
Trnuc i
REV-1470 EX (6-88)
INHERITANCE TAX
EXPLANATION
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE OF CHANGES
BUREAU OF INDIVIDUAL TAXES
PO Box 280601
Anita M. Kissinger
NUMBER
2108-0926
REVIEWED BY "`~'''
Michael Kodosky 08143648
SCHEDULE
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 Courtin 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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