HomeMy WebLinkAbout02-0166 LAW OFFICES
J. MICHAEL RYAN
300 NORTH POTTSTOWN PIKE
Suite 150
EXTON, PA ~93411-225,~
,611<~524-5890
610-524-5891
February 7, 2002
Register of Wills
Cumberland County Courthouse
1 Courthouse Square
Carlisle, PA 17013
Attention: Cheryl
Re;
Estate of Mary H. Powers
File No.: 15-00-0052
Dear Cheryl'
Enclosed please find an original and two copies of a Pennsylvania Inheritance Tax
Return and Estate Information Sheet concerning the above referenced estate along
with a check in the amount of $15.00 for filing fees and a check in the amount of
$2468.61 for inheritance tax. Please return a date stamped copy of the return and the
Estate Information Sheet to my attention in the enclosed self addressed stamped
envelope. Thank you for your cooperation.
JMR/dag
Enclosures
Very tru;,~ yours,
J. Mi~:h~el Ryan
· ~ COMMONWEALTH OF
~ PENNSYLVANIA
DEPARTMENT OF REVENUE
~' ~j~,~j,~ '~ DEPT. 280601
'~¢~S~¢' HARRISBURG. PA 17128-0601
REV-1 500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
COUh~Y CODE YEAR NUMBER
z
0
L~
0
DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
Powers Mary H
D~EOFDE~H(MM-DD-YEAR)10_19_2000 ID~EO[BIRT~(~M'DD'YEAR10-31.1921
(IFAPPLICABLE) SURVIVINGSPOUSE'SNAME(LAS~FIRS~ANDMIDDLEINITIAL)
SOCIAL SECURI~ NUMBER
039 -- 09 -- 3572
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
SOCIAL SECURITY NUMBER
[~ I. Ori¢inal Return E~ 2. Supplemental Return E~ 3. Remainder ¢~{%rr~"(~a,; ~f death p~r to ~2-13-82)
~ 4. Limited Estate ~ 4a. F~ure Interest COmprom,se ~date of death after 12-12-82) ~ 5. Federal Estate Tax Return Required
~ 6. Decedent Died Testate (AUach copy of ~,) ~ 7. Decedent Maintained a ~iving Trust (Atta¢ copy of Trot) __ 8. Total Number of Safe Deposit Boxes
~ 9. Litigation ~roceeds Received ~ 10.Spousa,' Povedy Credt' date of dea~ b,~,e~ 12;3,-91'and ,-1-95) ~ 11. Election to tax' under Sec. 9113(A)(Attach ach O)
NAME COMPLETE MAI~I~
J- Michael ~yan~ Esquire . 300 North Pottstown Pike
FIRM NAME (If~pli=Ue) S U i t e 150
TELEPHONE NUMBER Extort, PA 19341
!. Rea! Estate (Schedule A) (I)
2. Stocks and Bonds (Schedule B) (2)
3. Closely Held Corporation, Partnership or Sole-Proprietorship (3)
4. Mortgages & Notes Receivable (Schedule D) (4)
5. Cash,.Bank Deposits & Miscellaneous Personal Property (5)
(Schedule E)
6. Joinfly~wned Property (Schedule F) (6)
[~ S~parate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property(7)
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H) (~)
10. Debta of Decedent, Mortgage Liabilitio% & Liena (Schedule l) (10)
11. Total Deductions (total Lines 9 & 10)
12. Net Value of Estate (Line 8 minus Line 11)
13.
ooo
0 · O0 -:~
0.00
0.00
2475.UU
7 9 07.57
45577.O2
QFFtCIAL I:iJ~E ONLY
ii:' '~
Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been
made (Schedule J)
14. Net Value Subiect to Tax (Line 12 minus Line 13)
1101.51.
0.00
(8) ~ 55,959.59
(1t) 1101.51
(12) 54,858.08
(13) O. O0
(14) 54858.O8
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15. Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a)(1.2) O · CO
!61 Amount of Line 14 taxable at lineal rate
17. Amount of Line 14 taxable at sibiing rate
18. Amount of Line 14 taxaEle at collateral rate
54,858.00
x .o 45
x .12
x .15
¢5) 0. O0
(16) 2468,61
(17)
(18)
2~8.61
19. Tax Due (19)
Decei:ient'S Complete Address:
STREETADDRESS '
TS'rATE PA
tZIP
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit .
B. Pdor Payments
C. Discount
(1)
Totai Credits'(A + B + C )
Inte(est/Penalty if applicable
D. Interest
E. Penalty Total interest/Penalty ( D + E )
if Line 2 is greater than Line 1 -~ Lirm 3, enter the difference. This is the'OVERPAYMENT. Check box on Page I Line 20 to request a refund
If Line1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 +. 5A. This is the BALANCE DUE.
(2)
(3)
(4)
(5)
(SA)
(5B)
2468.61
· 2468.61
0.00
2,,'zt6 R. 61
Make Check Payable to: ·REGISTER OF WILLS, AGENT .
pLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
Yes No
1. D~d decedent make a transfer and: i
a ~etain the use or income of the property transferred; .......................................................................................... ~ :~
b: retain the right to designate who shall use the property transferred or its income; .......................... .................. [] :~
~. retain a reversionary interest; or .......................................................................................................................... [] []
d. receive the promise for life of either payments, benefits or care? ...................................................................... [] []
2: if death occurred after December 12, 1982, did decedent transfer property within one year of death [] []
without receiv ng adeq, uate consideration? ................................... : ..........................................................................
3. Did decedent own an 'in trust for" or payable upon death bank account or security at h s or her death? .............. [] []
4. Did decedent own an individual Retirement Account, annuity, .or other non-probate property which
_ contains a beneficiary designation? ................ : ........................................ :'"'.'; ........................................... i ............
IF THE ANSWER TO ANY O'F THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE.SCHEDULE G AND FILE IT AS PART OF THE RE,TURN,
Under penalties of perjury, I declare that I have examined this retur~ including accompanying scheduies an~d statements, and to. the best of my knowledge and belief, it is true, correct and complete..
Deda,'ation of preparer other than the pemonal representative is based on all information of which prepeder has any knowiedge.
DATE
SIGNATURE OF PERSONRFRPC)NRIR!.E_F-~R FILING RETURN
For dates of death on or a~er July 1, 1994 and before Janua~ 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the su~iving spouse is 3%
[72 P.S. ~9116 (a)(1.1) (i)].
For dates of death on or a~er JanuaW 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the sun, lying spouse is 0% [72 P.S. ~9116 (a) (!.1) (ii)].
The statute des not exeme~ a transfer to a sullying spouse from tax, and the statuto~ requirements for disclosure of assets and filing a tax return are still applicable even if
the su~iving spouse is the only ~eneficia~.
For dates of death on or a~er July 1, 2000:
The tax rate imposed on the net value of transbrs from a deceased child twenty-one years of age or younger at de~th to or for the use of
or a steppare~t of the child is 0% F2 P.S. ~9116(a)(1.2)]. ·
The tak rate im¢osed on the net value of tr~sfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. ~u, Is(,.z) [72 P.S. ~9116(a)(I)].
The tdx rate imposed on the net value Of transfers to or for the use'of the decedent's siblings is 12% F2 P.S. ~9116(a)(1.3)]..A sibling is defi~ed, under Section 9102, as
individual who has at least one parent in common with the eeceaent, whe,he by blood or adoption.
:~EV-1508EX+!1*97~ ~ i. '
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MARY H. POWERS
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FILE NUMBER
Include the proceeds of litigation and t~e date the proceeds were received by the estate. All property jointly-orated'with the right of survivorshi ~ must be disclosed on Schedule F.
ITEM
NUMBER
DESCRIPTION
1989 Plymouth Sundance
Miscellaneous Household
Goods
and Personal Effect:
TOTAL (Also enter on line 5, Recapitulation)
(If more space is needed, insert additional sheets of the same size)
VALUE AT DATE
OF DEATH
500.00
1975.00
$2475.00
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MARY H. POWERS
SCHEDULE F
JOINTLY-OWNED PROPERTY
FILE NUMBER
If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G.
SURVIVING JOINT TENANT(8) NAME ADDRESS RELATIONSHIP TO DECEDENT
A.Barbara A. Yagle Daughter
515 West Uwchlan Avenue
Downingtown, PA 19335
JOINTLY-OWNED PROPERTY:
U- I I ~ DATE DESCRIPTION OF PROPER) Y' % OF DATE OF DEATH
ITEM FOR JOINT MADE Include name of financial institution and bank account number or similar identifying number, Attach DATE OF DEATH DECD'S VALUE OF
NUMBER TENANT JOINT deed for jointly-held real estate, VALUE OF ASSET INTEREST DECEDENTS INTERES'
1. A. 1993 M&T Bnak Checking Account
~1361074 ~ $2270.82 50% 1135.41
2. A 1993 M&T Bank Savings Account
~15004200945185 13,544.32 50% 6772.1t
7907.57
TOTAL (Also enter on line 6, Recapitulation) $
(If more space ~s needed, insert additional sheets of the same size)
SCHEDULE G
INTER-VIVOS TRANSFERS &
,NHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY
RESIDENT DECEDENT FILE NUMBER
ESTATE OF
MARY H. POWERS
This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is "es.
DESCRIPTION OF PROPERTY % OF
,~ ~.~m.~ m~.~o~.T0 ~T~ ~ ~~ DATE OF D~TH DECD'S EXCLUSION TA~BLE VALUE
I~M A~A~ D~D ~ ESTA~. VALUE OF ASSET INTEREST F~)
NUMBER
1. New England Financial
Variance Annuity ~V226068 21660.23 100% 0 21660.23
2. N Vest Funds IRA - Bond I
Income ~40986553 23916.79 100% 0 23916.?
TOT~ (AI~ enter ~ line 7, ~piml~on) $ ~5 5 7 7.0 2
(If more space is needed, insert
COMMONWEALTH OF 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
REV-1162 EX(11-96)
000859
RYAN J MICHAEL ESQUIRE
300 NORTH POTTSTOWN PIKE
SUITE 150
EXTON, PA 19341
........ fold
ESTATE INFORMATION: SSN: 039-09-3572
FILE NUMBER: 2102-01 66
DECEDENT NAME: POWERS MARY H
DATE OF PAYMENT: 02/13/2002
POSTMARK DATE: 02/08/2002
COUNTY: CUMBERLAND
DATE OF DEATH: 10/19/2000
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 $2,468.61
REMARKS'
TOTAL AMOUNT PAID:
J MICHAEL RYAN ESQUIRE
$2,468.61
SEAL
CHECK//274
INITIALS: CW
RECEIVED BY:
MARY C. LEWIS
REGISTER OF WILLS
REGISTER OF WILLS
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DZ¥ZS/ON
DEPT. 280601
HARRISBURG, PA 17128-0601
COHHONNEALTH OF PENNSYLVANIA
DEPARTHENT OF REVENUE
NOTICE OF INHERITANCE TAX
APPRAZSEHENT, ALLONANCE OR DZSALLOHANCE
OF DEDUCTIONS AND ASSESSHENT OF TAX
J MICHAEL RYAN ES(~ '0~ ~,-~
STE 150
$00 N POTTSTONN PTKE {
DATE
ESTATE OF
DATE OF DEATH
FILE NUHBER
COUNTY
ACN
04-01-2002
PONERS
10-19-Z000
21 02-0166
CUHBERLAND
101
Amount
RE¥-1547 EX AFP (01-D2)
HARY H
HAKE CHECK PAYABLE AND RENZT PAYHENT TO:
REGISTER OF HILLS
CUNBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG THIS LINE ~ RETAIN LONER PORTION FOR YOUR RECORDS ~
REV-1547 EX AFP (01-02) NOTICE OF INHERITANCE TAX APPRAZSEHENT, ALLONANCE OR
DZSALLONANCE OF DEDUCTIONS AND ASSESSNENT OF TAX
ESTATE OF PONERS NARY H FILE NO. 21 02-0166 ACN 101 DATE 04-01-2002
TAX RETURN HAS: (X) ACCEPTED AS FILED ( ) CHANGED
RESERVATION CONCERNING FUTURE INTEREST - SEE REV£kSE
APPRAISED VALUE OF RETURN ~ASED ON:
1. Rem1 Estate (Schmdulm A)
2.
$.
q.
$.
6.
7.
8.
ORIGINAL RETURN
(1)
Stocks and Bonds (Schedule B) (2)
Closely Held Stock~Partnership Interest (Schedule C) ($)
Hortgages/Notos Reco/vablm (Schedule D)
Cash/Bank Deposits/Hisc. Personal Property (Schedule E) ($)
Jointly O~nmd Property (Schedule F) (6)
Transfers (Schedule G) (7)
Total Assets
APPROVED DEDUCTIONS AND EXENPTZONS:
9. Funeral Expmnses/Adm. Costs/Hisc. Expenses (Schedule H)
10. Dabts/Hortgegm Ltabllltlms/Limns (Schedule I)
11. Total Deduct ions
12. Nat VaZum of Tax Return
15.
1~.
(9)
(10)
Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J)
Not Value of Estate Subject to Tax
2z475.00
7~907.57
45~577.02
(8)
1,101.51
.00 NOTE: To insure proper
.00 credit to your account,
· O0 submi~ th~ upper portion
.00 of ~h/s form ~Lth your
tax payment.
.00
NOTE:
55,959.59
(~$). .00 x O0 = .00
(16). 54,858.00 x 045 = 2,468.61
(17). .00 X 12 = .00
(~8), .00 X 15 = .00
(19)= 2,468.61
BALANCE OF UNPAID INTEREST/PENALTY AS OF 02-09-Z002
IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST.
ASSESSHENT OF TAX:
1.6. Amount of L/nm 1~ at Spousal rate
16. Amount of Line 1~ taxable at Lineal/Class A rata
17. Amount of Linm 1~, mt Sibling rate
18. Amount of Line 1~ taxable at Collateral/Class B ratm
19. Principal Tax Due
tAX CREDITS:
PAYNEN1 RECETPI' DT$COUNT (+)
DATE NUHBER INTEREST/PEN PAID (-)
02-08-2002 CD000859 . O0
AHOUNT PAID
2,468.61
TOTAL TAX CREDIT
· ALANCE OF TAX DUE
INTEREST AND PEN.
TOTAL DUE
Zf an assess, ent ~as issued previously, 11nes 14, 15 and/or 16, 17, 18 and 19 will
2,468.61
.00
116.40
116.40
( IF TOTAL DUE IS LESS THAN $1, NO PAYNENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT' (CR), YOU NAY BE DUE
A REFUND· SEE REVERSE SIDE OF THIS FORN FOR INSTRUCTIONS.)
reflect figures that /nclude the total of ALL returns assessed to data.
(11) ]. 101. ~1
(la) 54,858.08
(~$) . O0
(1~) 54,858.08
RESERVATION:
Estates of decedents dying on or before December 11, 1982 -- if any future interest in the sst. la is transferred
in possession or enjoy.ant to Class S (collateral) beneficiaries of the decedent after the expiration of any estate for
1ifa or for years, the Co...oneealth hereby expressly reserves tho right to appraise and assess transfer Inheritance Taxes
at the lawful Class B (collateral) rate on any such futura interest.
PURPOSE OF
NOTICE:
PAYNENT:
REFUND (CR):
OBJECTIONS:
ADNIN-
ISTRATIVE
CORRECTIONS:
DISCOUNT:
PENALTY:
INTEREST:
To ~ulfi11 the require.ants of Section 1140 of the Inheritance and Estate Tax Act, Act Z~ of 2000. (72 P.S.
Section 9140).
Detach the top portion of this Notice and submit aith your payeant to the Register of Nills printed on the reverse side.
--Hake check ar money order payable to: REGISTER OF #ILLS, AGENT
A refund of a tax credit, .hich was not requested on the Tax Return, may be requested by co.plating an "Application
for Refund of Pennsylvania Inheritance and Estate Tax" (REV-IS13). Applications are available at the Office
of the Register of Nills, any of the 2S Revenue District Offices, or by calling the special Z4-hour
answering service for forms ordering: 1-800-361-Z050; services for taxpayers with special hearing and / ar
speaking needs: 1-D00-447-30Z0 (TT only).
Any party in interest not satisfied eith the appraise.ant, allowance, or dis. lie..nc, of deductions, or assessment
of tax (including discount or interest) as shown on this Notice .ust object within sixty (60) days of receipt of
this Notice by:
--erittan protest to the PA Depart.ant of Revenue, Sa.rd of Appeals, Capt. ZBlOZl, Harrisburg, PA 17118-1011, OR
--election to have the .attar determined at audit of the account of the personal representative, OR
--appeal to the Orphans' Court.
Factual errors discovered on this assess.ant should be addressed in .riling to: PA Department of Revenue,
Bureau of Individual Taxes, ATTN: Post Assessment Ravia. Unit, Dept. 180601, Harrisburg, PA 171ZB-0601
Phone (717) 787-6505. Sea page 5 of the book[et "Instructions for Inheritance Tax Return for a Resident
Oacadant" (REV-la01) for an explanation of ad. inistratively correctable errors.
If any tax due is paid aithin three (3) calendar .onths after the decsdsnt's death, a five percent (51) discount of
the tax paid is allowed.
The 151 tax amnesty non-participation panalt~ is computed on the total of the tax and interest assessed, and not
paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation
penalty is appealable in the same manner and in the the same tiaa period as you mould appeal the tax and interest
that has been assessed as indicated on this notice.
Interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day free the date of
death, to the date of payment. Taxes which became delinquent before January 1, 1981 bear interest at the rate of
six (DX) percent par annum calculated at a daily rate of .00016~. All taxes which became delinquent on and after
January 1, 19aZ will bear interest at a rate .hich will vary from calendar year to calendar year with that rate
announced by the PA Department of Revenue. Tho applicable interest rates for 1982 through ZOOZ are:
Year Interest Rate Daily Interest Factor Year Interest Rate Daily Interest Factor
1982 20Z .O00S~8 1992 9Z .OOOZ~7
1985 162 .000438 1993-1994 7Z .O0019Z
1964 llZ .000301 1995-1998 91 ,000Z47
1985 131 .000356 1999 71 .000192
1986 IOZ .O0027~ ZOO0 81 .000Z19
1987 9Z .000Z47 ZOOl 9Z .000Z47
1988-1991 11Z .000301 ZOOZ 61 .00016¢
--Interest is calculatad as follows:
INTEREST = BALANCE OF TAX UNPAID X NUNBER OF DAYS DELIN;IUENT X DALLY INTEREST FACTOR
--Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15} days
beyond the date of the assessment. If pay.ant is made after the interest ce.put, lion date sheen on the
Notice, additional interest must be calculated.