Loading...
HomeMy WebLinkAbout05-22-09 (3)PENNSYLVANIA INHERITANCE TAX INFORMATION NOTICE BUREAU OF INDIVIDUAL TAXES AND FILE N0. 21 Po BOX 280601 ~_ ~~; ;:TAXPAYER RESPONSE ACN 09124500 HARRISBURG PA 17128-0601 DATE 04-15-2009 REV-1543 IX, ^FP `fpBJ087_, _ ~ ~ ' 2~G~ Fi~Y 22 ~~# 9~ 58 ...;r OPF~~i~',! ~ a '~l,~~T . , ._,. ~~'~~ _ . pry WILLIAM A YINGER 15 FIELDVIEW DRIVE NEWVILLE PA 17241 EST. OF ROBERT J YINGER SSN 179-30-4032 DATE OF DEATH 03-01-2009 COUNTY CUMBERLAND REMIT PAYMENT AND FORMS T0: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 TYPE OF ACCOUNT SAVINGS CHECKING TRUST © CERTIF. MEMBERS 1ST FCU 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 ioint owner/beneficiary of this account. If you feel the inforoatian 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 C717) 787-8327 with questions. COMPLETE PART 1 BELOW ~ SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 153628-4 3 Date 10-0 1-2006 To ensure prover credit to the account, two E stablished copies of this notice must accompany Account Balance 108, 054 .12 payment to the Register of Wills. Make check payable to "Register of Wills, Agent". Percent Taxable X 16 .667 Amount Subject to Tax $ 18, 009.38 NOTE: If tax payments are made within three months of the decedent's date of death, Tax Rate X . 045 deduct a 5 percent discount on the tax due. Potential Tax Due $ 8 1 0 .4 2 Any Inheritance Tax due will become delinquent nine months after the date of death. P~T 1 TAXPAYER RESPONSE ;~ T A. ~ The above information and tax due is correct. Remit paym ent to the Register of Wills with two copies of this notice to obtain ~- C H E C K -1 a discount Wills and or avoid interest, or an official assessment check box "A" and will be issued by return this notice to the Register of the PA Department of Revenue. u 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 8. Tax Due OF TAX ON JOINT/TRUST ACCOUNTS I~AD PART DEBTS AND DEDUCTIONS CLAIMED 0 DATE PAID PAYEE DESCRIPTION AMOUNT PAID Under penalties of perjury, I declare that the facts I have reported above are true, correct and complete to the best of my knowledge and belief. HOME C ) ~~ WORK ( ) vJ"l./ TAXPAYER SIGNATURE TELEPHONE NUMBER DATE TOTAL (Enter On Line 5 Of TaX Computation) $ 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 CForm 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 CForm 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 53,000 per transferee, regardless of the value of the account or the number of accounts held. If a double asterisk C~~) 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 BY 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 ar 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 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. *The tax rate imposed on the net value of transfers from a deceased child 21 nears of age or younger at death to or for the use of a natural parent, an adoptive parent ar 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 6v 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 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. Date IY~a ~ ~ aoo9 _:._ ~~ -- To the Register of Wills: I, William A. Yinger, born on April 8, 1958, Social Security Number 175-56-7566, residing at 16 Fieldview Drive, Newville, PA, 17241, do hereby do a disclaimer and do not want any money from the Certificate of Deposit, Account Number 153628-43, from my deceased father, Robert J. Yinger, Social Security Number 179-30-4032, whose residence was 7 Village Lane, Newville, PA 17241. All money goes to my mother, Shirley A. Yinger, Social Security Number 177-30-8101, who resides at 7 Village Lane, Newville, PA 17241. I am also notifying Members 1st to remove my name from the Certificate. In witness whereof the parties here to have hereunto set their hands and seals the day and year above written. /'~ a, ice.. N N ~-- «~ rn .,.a ,~ c~ f-- c ll_ i:_~ C,.,J ~7 ~~ (_~ ~- C/? _.. ~ ~ _: . -'~-; ,= CU ~ i-~_~ Q_ ~-~ a O c~ e ~ C William A. Yinger S Shirley A. Yi er ~>~edToBeieteMt ~-~-~~~~b~1 Witne d Notariz`d by fSMfi~ONWEA Tw ~~ PEI~Ni~1wlVIXNrIA NOTARIAL SEAL R#1RC1~ A, NEIL, Notary Public ~o~ of Carlisle, Cwnbertand County My Commission Expires Nov. 24, 2049 Ci~t/ 1 Date 111G~-{ o~ - 0?(~09 To Members 1St: I, William A. Yinger, born on April 8, 1958, Social Security Number 175-56-7566, residing at 16 Fieldview Drive, Newville, PA, 17241, do hereby do a disclaimer and do not want any money from the Certificate of Deposit, Account Number 153628-43, from my deceased father, Robert J. Yinger, Social Security Number 179-30-4032, whose residence was 7 Village Lane, Newville, PA 17241. All money goes to my mother, Shirley A. Yinger, Social Security Number 177-30-8101, who resides at 7 Village Lane, Newville, PA 17241. Please remove my name from the certificate. The Register of Wills has been notified. Please see attached letter as per instructions from the Department of Revenue, Harrisburg, PA. In witness whereof the parties here to have hereunto set their hands and seals the day and year above written. ~o~t'~ &vb~ahed To 8ei~e Mf ~5~~~~~9 C~~C~k~`- Cam, William A. Yin er ~'~~ g Shirley A. Y ger Witnessed and Notarized by ~CMMANW~A~,TH Qt' P~NN~YLVi~IIA NOTARIAL SEAL DARCIE A. NEIL, Notary Public Boro of Carlisle, Cumberland County My Commission Expires Nov. 24, 2009