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Home My WebLink About12-23-08 (2)W ~ ~ 'L7 n w 'roman ~ ;T ~ o ~ Q. ~.... -.. i i•, j~ r;. E ('J C ~ i r a 1rf i t U o a ~ ~~ ~~ (~ CX Wi U J ~ w G N ~, ~ ~ ~~ '~~~ +{+ ~~ ~~ :. r~i ~µ' ~ ~. ~'? ~% eft. ~Cl ~ ~- ~s ~! C_ }z; PENNSYLVANIA INHERITANCE TAX INFORMATION NOTICE _ AND F I L E N 0. 21 ~~~ ~-z---~y BUREAU OF INDIVIDUAL TAXES ~ ACN 08155930 Po Box zsoeBl TAX4PAY~R -RESPONSE HARRISBURG PA lnzB-o6ol - ~ DATE 11-25-2008 REV-1543 E% FFP (OB-OB) 2? TYPE OF ACCOUNT ~~~~ ~~~ ~J ~ EST~40F DOROTHY R SCHWALB ^ SAVINGS $$N ^ CHECKING ~'! ~- ='' ~ `~ ^ TRUST i,;__,''~`• ~•_iy DATE OF DEATH 09-25-2008 X -~~~-~~_ ~~!`) ~= ~~ ~~~~~bnU,`NTY CUMBERLAND ^ CERTIF. Cr ~ .. ~••^~REM~T.T PAYMENT AND FORMS T0: RAYMOND J SCHWALB REGISTER OF WILLS 123 S 31ST ST CUMBERLAND CO COURT HOUSE CAMP HILL PA 17011 CARLISLE, PA 17013 t SOVEREIGN BANK provided the Department with the information below, which has been used in calculating the potential tax due. Records indicate that at the death of the above-named decedent, you were a joint owner/beneficiary of this account. If you feel the 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. Please call (717) 787-8327 with questions. COMPLETE PART 1 BELOW * SEE REVERSE SIDE FOR FILING. AND PAYMENT INSTRUCTIONS Account No. 2335128076 Date 01-26-2000 To ensure proper credit to the account, two EStablished copies of this notice must accompany payment to the Register of Wills. Make check Account Balance ~` 10 , 031 • 34 payable to "Register of Wills, Agent". Percent Taxable X 100.00 NOTE: If tax payments are made within three Amount Subject to Tax ~` 10, 031 • 34 months of the decedent's date of death, ~( , lrj deduct a 5 percent discount on the tax due. Tax Rate Any Inheritance Tax due will become delinquent Potential TaX DUe ~` 1 , 504.70 nine months after the date of death. PART TAXPAYER RESPONSE FAILURE TD RESPOND WILL RESULT IN AN OFFICIAL TAX A5SE55MENT A. ^ The above information and tax due is correct. Remit payment to the Register of Wills with two copies of this notice to obtain a discount or avoid interest, or check box "A" and return this notice to the Register of C H E C K Wills and an official assessment will be issued by the PA Department of Revenue. ONE C 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 infor~ms ion is incorrect and/or debts and deductions were paid. Complete PART I-i and/or PART ~ below. PART If indicating a different tax rate, lease state a relationship to decedent: ~~'i`-~ 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.,_,.__„_. __ Tax Due OF TAX ON JOINT/TRUST ACCOUNTS 1 ~7 /_ / Z c.ai'~c~ $ / O~Gi ~I . .S' S~ 3 X ~ ~' 4 $ foci 3~• 35~ 5 _ v 6 $ /oC' S~. 3 r 7 X • 04S PAD OFFICIAL U5E ONLY U AAF PA DEPARTMENT OF REY~NUE 1 2 3 4 5 6 7 8 o DEBTS AND DEDUCTIONS CLAIMED nnTF PAID PAYEE DESCRIPTION AMOUNT PAID Under penalties of perjury, I declare that the facts I have reported above are7true, correct and complete to the best of my dge and belief . HOME C 7~7 ) 7~°3 b~ 4 S ~-" ~ WORK C71-7 ) 6118 Z~ZZ r ~Z Zo '~ `5 TAXPAYER SIGNATUR TELEPHONE NUMBER DATE TOTAL (Enter on L1ne 5 or iax 1.omputa uuni 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 joint 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 them 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 put in joint names within one year of death are fully taxable. However, there is an exclusion not to exceed fi3,000 per transferee, regardless of the value of the account or the number of accounts held. If a double asterisk (~^) appears 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 joint assets established more than one year prior to the decedent's death: 1 DIVIDED BY TOTAL NUMBER OF DIVIDED BV TOTAL NUMBER OF MULTIPLIED BY 100 = PERCENT TAXABLE JOINT OWNERS SURVIVING JOINT OWNERS Example: A joint asset registered in the name of the decedent and two other persons: 1 DIVIDED BY 3 (JOINT OWNERS) DIVIDED BV 2 (SURVIVORS) _ .167 X 100 = 16.7 percent (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 8Y 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 subject 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 appropriate tax rate (Line 7) as determined below. 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 =ine tax rate imposep on the net value of transfers from a deceased child 21 years of age or younger at death to or for 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: A. You are legally responsible for payment, or the estate subject to administration by a personal representative is insufficient to pay the deductible items. 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. TAXPAYER ASSISTANCE IF YOU NEED FURTHER INFORMATION OR ASSISTANCE, CONTACT ANY REGISTER OF WILLS, PA DEPARTMENT OF REVENUE DISTRICT OFFICE OR THE BUREAU OF INDIVIDUAL TAXES, AT (717) 787-8327. SERVICES FOR TAXPAYERS WITH SPECIAL HEARING AND/DR SPEAKING NEEDS ONLY: 1-800-447-3~2~. COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 PENNSYLVANIA RECEIVED FROM: INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT SCHWALB RAYMOND J 123 SOUTH 31ST STREET CAMP HILL, PA 1701 1 -------- fold ESTATE INFORMATION: ssrv: FILE NUMBER: 2108-1274 DECEDENT NAME: SCHWALB DOROTHY R DATE OF PAYMENT: 1 2/23/2008 POSTMARK DATE: 1 2/22/2008 couNTY: CUMBERLAND DATE OF DEATH: 09/25/2008 REV-1162 EX111-96) N0. CD 010682 AMOUNT ACN ASSESSMENT CONTROL NUMBER 08155930 ~ 5428.84 TOTAL AMOUNT PAID: REMARKS: 5428.84 CHECK#2197 INITIALS: JN SEAL RECEIVED BY: GLENDA EARNER STRASBAUGH REGISTER OF WILLS REGISTER OF WILLS