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Home My WebLink About08-19-09PENNSYLVANIA INHERITANCE TAX INFORMATION NOTICE BUREAU DF INDIVIDUAL TAXES _ "" AND FILE N0. 21..(~ -'~~~ PD Box zaoeol TAj(PItYER RESPONSE ACN 09152155 WIRRISBUR6 PA 17128-0601 - -.. `. v. ~,- -- DATE 08-12-2009 esvnaa a rr sae-ao 2409 AUv ( 9 ~I'I I I ~ Z I TYPE OF ACCOUNT EST. OF MARY WERT ® SAVIN05 CLERK CF SSN 201-22-2617 ^ cNECRINO ORPHA~~'S ~~~~RT DATE OF DEATH 07-28-2009 ^ TRUST ~,U~~,r~~,l i`,,.t COUNTY CUMBERLAND ~ CERTIF. ~ r~" PA' REMIT PAYMENT AND FORMS T0: JUDY WILSON REGISTER OF WILLS 1250 MOUNTAIN ROAD CUMBERLAND CO COURT HOUSE NEWBURG PA 17240 CARLISLEr PA 17013 MEMBERS 1ST FCU provided the Oepertaent with the inforaetion below. wh ieh has bean used in ealculatine the potential tax due. Records indicate that at the death of the above•naaetl decedent, you ware a ioint owner/beneficiary of this account. If ypu feel the inf oraat ion is incorrect, please obtain written correction free 4ha finsncial institution, attach a eopv to this fora and return it to the above atltlress. This aeeoun4 is. tax able in aeeo rden ce with the Inhe ritanee Tax laws of the Loe,aonr,aalth of Pennsylvania. Pleeae call C717) 787-8327 with questions. COMPLETE PART 1 BELOW ^ SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 311514-00 Account Balanea Portent Taxable Amount Subject to Tax Tax Rata Potential Tax Du• Data 08-OS-2007 Established ~ 1,237.48 X 50.000 S 618.74 To ensure praoer credit to the account, two conies of this ngtie• east acewparo pavaant to the Register of Wills. Make chock payable to "Rapistar of Wills, Agent". NOTE, If tax payaen is era aatle within three sonths of the tlecedent's data of tleath, detlueY e 5 percent discount on 4ha tax tlue. Aro Inheritance Tax due will becoee delinquent nine sonths of ter the data of death. A. ~ The above inforaa4ion and tax due is correct. React pryaent to the Rapistar of Willa with two copies of this notice to obtain r CHECK a discount or avoid iota rest, or chock box "A" and return this notice to the Rapistar of I ONE ~ Wills and an official aasessaent will ba issued by the PA Departaent of Revenue. L BLOCK B. ~ Tha above asset has boon or will be rooortod and kax paitl with the Pennsylvania Inheritance Tax return ONLY ~~T7 to be filetl by the estate representative. L. ~lA The above infaraa eon is ineorr et and/or debts and deductions were paid. ww Coapleta PART 2~ and/or PART i~ below. PART If 1ndlcatinB a different tax rata, please state a relationship to tlecadant: TAX RETURN - COMPUTATION LINE 1. Data Estab ll shetl 2. Account Balance 3. Percent Taxable 4. Amcunt Subject to Tax 5. Debts antl Deductions 6. Amount Taxable 7. Tax Rato e. Tax Dua PART DATE PAID PAYEE OF TAX ON JOINT/TRUST ACCOUNTS 1 Z s ~ a3'1.4 B 3 X Ai. 5. A $ L. 1$•74 5 1 at d ~` . 5o T X a 8 $ - ~ - DEBTS AND DEDUCTIONS CLAIMED DESCRIPTION AMOUNT PATTI ~ ER I.00 p~ f Ai_ a F . a iuinL looser on une 5 of rax computation) s 14 1 Y a`l y Under penalties pf perjury, I tleclara that the facts I have report od above are true, correct and complete to the hest //of~f my knowledge and belief. HOME 11/~ ) ~Z~- {a81-(~ \1 _ _ 1~-, t 1~ 4 .,_ , WORK ( ) DATE GENERAL INFORMATION 1. FAILURE TO RESPOND WILL RESULT IN AN OFFICIAL TAX ASSESSMENT with applicable interest based on inf creation subwittetl by the financial institution. 2. Inheritance Tax bscowes tlelinaueni nine wonths of tar 4he decstlent•s date of death. 3. A ioint account is taxable even when 4he tlecedant's none vas added as a natter of convenience. 4. Accounts (including those held between husband and wife) khe dace tlent out in joint nawes within one veer prior to death era fully taxable. 5. Accounts established iointly batty aen husband and wife Wore than one vaar prior to death era not taxable. 6. Accounts held by a tlacedenk "in trust for" another or others are fully taxable. REPORTING INSTRUCTIONS - PART 1 - TAXPAYER RESPONSE 1. BLOCK A - If the 3nf oraetion and cawputation in the notice era correct and deductions are not being claiwad, place an "X" in Block A of Part 1 of the "Taxpayer Response" section. Sign two eopias and subwit Yhen with a cheek for the awpunt of tax to the register of wills of the eounty indicated. The PA Oapa rtwank of Revenue will issue an official assesswent (Porn REV-1548 EX) upon receipt of the return from the register of wills. 2. BLOCK B - If the asset specif ietl on this notice has bean or will be reported antl tax paid wikh 4he Pennsylvania Inheritance Tax Return filed by the estate's represenka4ive, place an •'X'• in Block B of Park 1 of the ••Tax paver Response'' section. Si pn one copy end return to the repi sker of wills of the eounty indicated. 3. BLOCK C - If the notice inforwation is incorrec4 and/or deductions era being claiwad, chock Block C and conolate Parts 2 end 3 accord ins to the instructions below. Sign two eopias end subwit thae with your cheek for the aw ~Unk of tax payable to the register of w311s of the county indicated. The PA Depa rtwent of Ravenna will issue an official assesseent (FOrw REV-1548 EX) upon receipt of the return frow the register of wills. TAX RETURN - PART 2 - TAX COMPUTATION LINE 1. Enter the data the accoun4 originally was eskablishetl or titlatl in the wanner ex feting et date of tlaath. NOTE: For a decadent who died after 12/12/82, accounts the decadent out in joint nawes within one year of tlaath are fully taxable. Howava r, there is an axelusion Wok to exceed 63,000 per transferee, regardless of the value of the account or the nuwber of accounts held. If a double asterisk (ss) appaa rs baf ore your first Wawa in khe address portion of this notice, khe 83,000 exclusion was deducted frog the account balance as reported by khe financial institution. 2. Enter the total balance of the account including interes4 accrued to the data of tlaath. 3. Tha psrcantapa of the account that is taxable to oath survivor is deterwined as follows: A. Tha pe rcantepa taxable of joint assets established wore khan one year prior to the decedent's death: 1 DIVIDED BY TOTAL NUMBER OF DIVI DEO BY TOTAL NUMBER OF MULTIPLIED BY 100 = PERCENT TAXABLE JOINT OWNERS SURVIV iNG JO[NT OWNERS Ex angle: A faint asset rapists retl in the Wawa of the decsden4 and two other persons: 1 DIVI DEO BY 3 (JOINT OWNERS) DIVI DEO BY 2 (SURVIVORS) _ .167 X 100 16.T percent (TAXABLE TO EACN SURVIVOR) B. Tha pereentape taxable for assets created within one year of the tlacatlent's tlaath or accounts owned by the decedent buk held in trust for another individual(s) (trus4 bsnafi ciaries): 1 DIVI OED BV TOTAL NUMBER OF SURVIV [NG JOINT MULTIPLIED BY 100 = PERCENT TAXABLE OWNERS OR TRUST BENEFICIARIES Ex enole: Joint account registered in the nano of the decedent antl two other parsons and established within one vaar of tle eth by 4he decsden4. 1 DIVIDED BY 2 (SURVIVORS) _ .50 X 100 = 50 percent (TAXABLE FOR EACH SURVIVOR) 4. Tha awount subject to tax (Line 4) is date rn inad by wu ltiolvinp the account balance (Lino 2) by the percent taxable CL3ne 3). 5. Enter the total of khe debts and deductions listed in Part 3. 6. The aaaunt tazab le (Line 6) is data Wined by subtracting th• debts and deductions (Line 5) from the anount subieet to tax (Lino 4). 7. Enter the sppropri eta tax rata (Lino 7) as deterwinatl below. Dat• of Death Spouse Lineal Sibling Collateral 07/01/94 to 12/31/94 B pareant 6 percent 15 percent 15 percent 01/01/95 to 06/30/00 0 prreent 6 percent 15 percent 15 percent 07/01/00 to present 0 percent 4.5 pareant a 12 percent 15 portent sTha tax rsta iwposatl on the net value of transfers frow a decaasatl ehiltl 21 years of ape or younger at death to or for the use of a natural perwnt, an adoptive parent or a skevparenk of khe child is 0 percent. Tha lineal class of hairs ineludea prantlperents, parents, children and oth •r lineal descendents. "Children" includes natural children whether or net they have bean atloptad by othersr atlpptetl children antl step child ron. ''Lineal tlsscendants" inclutlas ell child ron of the natural parents and their dascandants, whether or not they have bean adopted by others; adopted descendents and their dascandants; end stay-descendants. "S iblina s" ors def inad es individuals who have a4 least ono paren4 in cowwon with the decsden4, whether by blood or adoption. The Collateral class of hairs includes all other benaf ieiaries. CLAIMED DEDUCTIONS - PART 3 - DEBTS AND DEDUCTIONS CLAIMED Allowable debts and deductions era deterained as follows: A. You era legally responsible for pavwent, or the astat• subs ac4 to edwini stretion by a personal rap resentative is lnsufflpiant to pay the deductible itew s. B. You actually paid khe debts attar the tlaath of the dacadant and can furnish proof of paywent. C. Debts be inp claiwad east ba itewized fully in Part 3. If additional space is needed, use 8 1/2" x 11" shoat of paper. Proof of pavwmt way be nomsbd by th• PA Dapartaaot of Rweoue.