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Home My WebLink About11-20-09PENNSYLVANIA INHERITANCE TAX INFORMATION NOTICE ``~'~ 2 BUREAU OF INDIYIOIDIL TAXES i~ ) ;}~- ~: AND FILE N0. 21 "l~9' fo JS PO BOX 280601 " '," T-piXPAYER RESPONSE ACN 09159969 NARRISBURG PA 17128-0601 _`4,.J~`~ ,.,",.. DATE 10-30-2009 rev-tsw of an Boa-ou 21)09 NOV 20 PM 12120 CLERK 0=' ORPHAK~'S COURT CUPIP""~,n;;~~ P`0.. PA. JOHN B NELSON 158 OAK HILL ROAD CARLISLE PA 17015 EST. OF JAMES B NELSON SSN 184-36-6096 DATE OF DEATH lo-20-zoD9 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 Dapa rtaent with the information below. which has been used in calculating She potential tax tlua. Reeerds indicate that at the death of the above-namee dacatlent, you Mara a ioint owner/benaf iciarv of this account. [f you feel the information is incorrect, please obtain written correction frog the financial institution, e44ach s copy to this farm and return it ko the above address. This account 3s taxable in aceo rdance with the Inheritance Tax laws pf the Coxorwealth of Penn svlvanie. Please call (717) 787-8327 with euestions. COMPLETE PART 1 BELOW ^ SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 136958-0 0 Account Balanea Percent Taxahl• Amount Suhlect to Tax Tax Rata Potential Tax Oue Datm 12-03-1993 Established $ 838.41 X 50.000 $ 419.21 X .12 $ 50.31 Ta ensure proper credit 4a the account, two copies of 4his notice oust aecpmpalry pavmant 4o the Resister of Wills. Mske chock payable to "Register of Wills, Aeant". NOTE. If tax pavwnts era made within three months of the decedent's Bete of death, as coat a 5 pe reenk discount on the tax due. Aro Inheritance Tax tlua w911 become delineuent nine months of tar the dste of dasth. A. ~ The above inforaation and tax tlua is correct. Remit payment to the Register of Wills with two copies of this notice to obtain CHECK a discount or ova id iota rest. or chock box "A" and return this notice to the Register of r Wills and an official assessment will be issued by the PA Department of Revenue. I ONE ~ L BLOCK B. ~ The above asset has bean or will be repo rtad and tax oeid with the Penn svlrenia Inheritance Tax return ONL Y to be (ilea by the estate rap rasantat3ve. C. ~ The above inf orma ion is into rreet and/or debts antl deductions we ra paid. Complete PART 2~ and/or PART 3^ below. PART If indlcatinB a dlffarent tax rate, pla ese state relationship to tlecedent: TAX RETURN - COMPUTATION OF TAX ON JOINT/TRUST ACCOUNTS LINE 1. Oats Estah li shed 1 2. Account Balanea 2 3. Percent TaxaDla 3 X 4. Amount Subiact to Tax 4 5. Dahts and Datlu<tions 5 6. Amount Taxable 6 7. Tax Rate 7 X e. Tax Oua B ~ PART DEBTS AND DEDUCTIONS CLAIMED 3^ DATE PAID PAYEE DESCRIPTION AMOUNT PAID WORK (7/7 ) V~ Untler penalties of perjury, I declare that the facts I have ra po rted above era true, correct antl eompl~i a to the beAt oT my knowledge and bell af. ,,,,,,~ ~ - GENERAL INFORMATION 1. FAILURE TO RESPOND WILL RESULT IN AN OFFICIAL TAX ASSESSMENT with applicable int yrest based on inf ornatian submitted by the financial institution. 2. Inharitanca Tax becomes delinauen4 nine eon the of ker the tlyeedant•s date of death. 3. A ioin4 account is taxably oven when the decetlenk•s name was added as a nattyr of convenience. 4. Accounts (including those held betty yen husband and wife) the dyeetlent out in joint names within one Year prior to death are fully 4ax ably. 5. Accounts •ztablishetl jointly between husband and wife more khan one year prior to death are not taxable. 6. Accounts held by a dacadank '•in trust total another or others are fully taxably. REPORTING INSTRUCTIONS - PART 1 - TAXPAYER RESPONSE 1. BLOCK A - If the info rnetion and conpukekion in the notice are correck antl tletluckians era not being claimed, place an •'X" in Block A of Pa r4 1 of the "Taxpayer Response'' section. Sign two copies antl submit them with a check for the amount of tax tp khe repistyr of wills of the county indicated. The PA Department of Revenue will issue an official assassmani CFo rn REV-1548 EX) upon receipt of khe return iron the register of wills. 2. BLOCK 8 - If the asset spacif ied on this notice has been or will be repo rtetl antl tax paid with the Pennsylvania Inharitanca Tax Return filed by the estate's representative, place an "X" in Block B of Park 1 of khe "Taxpayer Respan sa" section. Sian one copy and return to the reBi star of wills of the county indicated. 3. BLOCK C - If the notice information is incorrect and/or daduetions are being cleined, chock Block C and complete Parks 2 and 3 according to the instructions below. Sign two copies antl submit them with Year chock for the amount of 4ex pavabl• to the register of wills of 4ha county indicated. The PA Department of Revenue will issue an official assessment (Porn 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 tiklatl in the manner ex istinp at data of death. NOTE: For a decadent who died attar 12/12/82, accounts the decedent out in ioint pant's within one year pf death are fully taxable. However, theta is an exclusion not to exceed 63.000 per transferee, raserdl ass of the value of the account or the number of accounts held. If a double asterisk (ss) appears before Your first nano in the add ress portion of khis notice, the 13,000 exclusion was deducted from the account balance as revorked by the financial institution. 2. Enter the 4oka1 balance of the account including interest accrued 4o the date of tleath. 3. Tha pe rcantape of the account that is taxable to each survivor is tlytarminetl as follows: A. The pe rcenkaea taxable of joint assets established no ra than any Year prior 4o the decedent's death: 1 DIV TOED BY TOTAL NUMBER OF OIVI DED BY TOTAL NUMBER OF MULTIPLIED BV 100 PERCENT TAXABLE JDINT DNNERS SURVIVING JOINT OWNERS Example: A ioint assa4 rapists red in the name of the da cadent and two other pe rsans: 1 DIVIDED BY 3 (JDINT OWNERS) DIVIDED BY 2 (SURVIVORS) _ .167 X 100 = 16.7 percent (TAXABLE TD EACH SURVIVOR) B. The percentage taxable for assets created within one vyar of the tlecedent•s death or accounts owned by tho decadent but held in trust for another individual(s) (t rusk beneficiaries): 1 DIVIDED BY TOTAL NUMBER OF SURVIVING JOINT MULTIPLIED BY 100 = PERCENT TAXABLE OWNERS OR TRUST BENEFICIARIES Ex apple: Joint account registered in the name of the decetlenk and two other persons antl esteblishytl within one year pf tleath by khe decedent. 1 DIVI OED BV 2 (SURVIVORS) _ .50 X 100 50 oe rcent (TAXABLE FOR EACN SURVIVOR) 4. The am ~Unk subj act to tax (Line 4) is Bete rminad by nul4iply imp the account balance (Line 2) by the percent taxable (Line 3). 5. Enter the total of 4ha debts antl deductions listed in Part 3. 6. The amount taxable (Line 6) is date rmined by subtraetinp the debts and daduetions (Line 5) from khe amount subject to tax (Line 4). 7. Enter the appropriate taz rate (Line 7) as dytarninatl below. o tax rata impose on t a mat value of trans ors from a decease child 21 Years of ape or Younger ak 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 hyirs includes grandpa ranks, parents, children antl other lineal tlaseantlants. "Childryn'• includes natural children whether or not that' have boon adopted by others, adopted children and styp children. "Lineal dascentlent s•' inclutlas all children of the natural parents and their descendants, whether or not that have been adopted by others; adopted descendents and their descendents; end step -dascandants. "Siblings" era defined as individuals who have at hest one parent in common with the daeetlent, whether by blood or adoption. Tha Collateral class of heirs inclutlas all other banyf ici arias. CLAIMED DEDUCTIONS - PART 3 - DEBTS AND DEDUCTIONS CLAIMED Allowable debts and tleduckions are determined as follows: Dato of Doath Spouso LS noel 51611ng Collateral 07/01/94 to 12/31/94 3 percent 6 poreont 15 percent 15 percent 01/01/95 to 06/30/00 0 poreont 6 percent 15 percent 15 percent 07/01/00 to preeont 0 Pe rceni 4.5 percent a 12 pereant 15 percent A. You are legally responsible for payment, or the estate subject to administration by a personal rap rasentative is insufficient to pay the deductible ikons. B. Vpu aeiu ally paid the debts after the death of the decedent and can furnish proof of payment. C. Oabts be ine cleined must be itemized fully in Part 3. If additional space is needed, use 8 1/2•' x 11" shoat of paper. Proot of payment may ba requested by the PA Department of Ravenuy.