HomeMy WebLinkAbout10-02-09
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
PO BOX 280601
HARRISBURG PA 17128-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
-;r n; .. ,..N~.Z CE~__OF~~. -INHERITANCE TAX
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AFp~RR"I$'E'MENT-, ALLOWANCE OR DISALLOWANCE
;fly ~)EDUGTiONS"AND"ASSESSMENT OF TAX
REV-1547 EX AFP (01-09)
7~~~ ~~'~ _~ ~~ ~~; ~~TE 10-05-2009
TATE OF HAUCK SANDRA L
~ C,. ,~~ DATE OF DEATH 09-08-2008
~'~-`~`~~ ~~'~- FILE NUMBER 21 08-0951
~hpr-;. =;,.' J~, COUNTY CUMBERLAND
ELYSE E ROGERS ESQ C~'~' r`.. Via, ACN 101
KEEPER WOOD ALLEN ETAL
635 N 12TH ST STE 400
LEMOYNE PA 17043
APPEAL DATE: 12-04-2009
(See reverse side under Objections)
Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT T0:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG THIS LINE -1 RETAIN LOWER PORTION FOR YOUR RECORDS ~ --------------
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REV-1547 EX AFP CO1-09) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF HAUCK SANDRA L FILE N0. 21 08-0951 ACN 101 DATE 10-05-2009
TAX RETURN WAS: C ) ACCEPTED AS FILED C X) CHANGED SEE ATTACHED NOTICE
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A) (1) 870,000.00 NOTE: To insure proper
2. Stocks and Bonds (Schedule B) (2) 509,880.44
credit to your account,
5 76
000
00 submit the upper portion
3. Closely Held Stock/Partnership Interest (Schedule C) C3) ,
. of this form with your
4. Mortgages/Notes Receivable (Schedule D) C4) .00 tax payment.
5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) (5) 5 96,4 98.56
6. Jointly Owned Property (Schedule F) (6) .00
7. Transfers (Schedule G) (7) 98,621.87
e. Total Assets (g) 2,651,000.87
APPROV ED DEDUCTIDNS AND EXEMPTIONS:
147,095.52
9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9)
10. Debts/Mortgage Liabilities/Liens (Schedule I) C10) 8 9.346.51
11. Total Deductions C11) 236 .442. D3
12. Net Value of Tax Return C12) 2,414,558.84
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) C13) .00
14. Net Value of Estate Subject to Tax (14) 2,414,558.84
NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will
reflect figures that include the total of ALL returns assessed to date.
ASSESSMENT OF TAX:
15. Amount of Line 14 at Spousal rate C15) • 00 X 00 = . 00
16. Amount of Line 14 taxable at Lineal/Class A rate C16) 2,414,558.84 X 045 = 108,655.15
17. Amount of Line 14 at Sibling rate (17) .00 X 12 = .DO
18. Amount of Line 14 taxable at Collateral/Class B rate C18) •00 X 15 _ .00
19. Principal Tax Due C19)= 108, 655.15
rex ro~nrrc.
PAYMENT
DATE RECEIPT
NUMBER DISCOUNT C+)
INTEREST/PEN PAID C-)
AMOUNT PAID
12-08-2008 CD010604 4,947.37 94,000.00
INTEREST IS CHARGED THROUGH 10-20-2009 TOTAL TAX CREDIT 98,947.37
AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX DUE 9,707.78
REVERSE SIDE OF THIS FORM INTEREST AND PEN. 178.22
TOTAL DUE 9,886.00
* IF PAID AFTER DATE INDICATED, SEE REVERSE C IF TOTAL DUE IS LESS THAN S1, NO PAYMENT IS REQUIRED.
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
REV-1470 EX (G88)
INHERITANCE TAX
COMMONWEALTH OF PENNSYLVANIA EXPLANATION
DEPARTMENT OF REVENUE OF CHANGES
BUREAU OF INDIVIDUAL TAXES
PO Box 280601
HARRISBURG PA 17128-0601
DECEDENT'S NAME FILE NUMBER
HAUCK, SANDRA L 2108-0951
REVIEWED BY ACN
Bryan Rondon 101
SCHEDULE
C
1.
EXPLANATION OF CHANGES
Assessed ~t $ 576,000.00.
Be advised our valuation considered the nature of the company's business, net asset
value, earning history, overall financial condition, general economic outlook and other
relevant factors.
After reviewing the above factors, it was determined the company's adjusted earnings
would establish the value for the referenced estate's interest in the above-mentioned
company.
Accordingly, we applied the capitalization of earnings approach to value this servicing
company as an ongoing operating entity and applied a 50% discount for lack of
marketability on the Decedent's interest.
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