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Home My WebLink About11-20-09 (2)BUREAU OF INDIVIDUAL TA%ES PO BOX 280601 ILIRRIS BURG PA 17128-0601 IaV-ISM IX IFP PENNSYLVANIA INHERITANCE T INFORMATION NOTICE AND `. :~;'!~:''~~lXFAYER RESPONSE i, ' 'v.' FILE N0. 21 ' ~9" ~ WJ ACN 09169970 DATE 10-30-2009 2ao4 Gov 2a ~N+z: 20 ORP~a VRK~ ~ tuna^;~c;,a~S~ OURpA JOHN 8 NELSON 158 OAK HILL ROAD CARLISLE PA 17015 EST. OF JAMES B NELSON SSN 184-36-6096 DATE OF DEATN 10-20-2009 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 providetl the Oapartaan4 with kha inforaation below, which has boon used in caleulatinp the potential tax due. Records indicate 4hat at the death of the above -naaad tlacadant, you ware a 3oint owna r/beneficiary of this account. if you feel 4ha inforaation is incorrect, please obtain written correction frog kha financial institution, attach a copy ko this fora end return it to the above address. This account is taxable in aceo rdan ca with the Inheritance Tax laws of the Caaaorwaalth of Pannsvlvanis. Plaasa call (717) 787-8327 with questions. COMPLETE PART 1 BELOW M SEE REVERSE SIDE FOR FILING AND PAYMENT TNS rBf ucTrnuc Account Na. 136958-11 Account Balance Percent TaxaDla Amount Subiaet to Tax lax Rate P otontial lax Due Data 03-06-1998 Esta611shad $ 5,881.58 X 50.000 S 2,940.79 X .12 $ 352.89 To ensure prop ar credit to the account, two capias of this notice auat aeeoaparo pryaent to kha Rapistar pf Wills. Make check payable to "Rapistar of Wills, Apent". NOTE: If tax pavaents are aada within three aonths of the daeadant's tlata of death. tleduct a 5 percent discount on the taz due. Anv Inheritance Tex dw will becoae dalingmnt nine aonths of ter the tlate of death. A. ~ The above inforaation and 4ax due is correct. Raa 34 payaant to the Rapistar of Wills with two capias of this notice to obtain CHECK a df scaun4 or avoid interest, or check box "A" and return this notice to the Rapistar of DNE ~ Wills antl an official assassaenk will ba issued by the PA Departaant of Revenue. BLOCK ONL Y B. ~Tha above asset has bean or will ba reported and tax paid with the Pennsylvania Inharitenca T t 4o ba filed by the estate rap rasantativa. ax re urn C. ~ Tha above inforaa ion is incorrect and/or dab is and detluctions ware paid. Coaplet• PART 2~ and/or PART 3^ below. PART If lntllcatlnB a different tax rata. plc ase state rel at SOnship to decedent: TAX RETURN - COMPUTATION LINE 1. Data Established 2. Account Balance 3. Parc ant Taxable 4. Amount Subject to Tax 5. Debts antl Deductions 6. Amount Taxable 7. Tax Rate e. Tax Due OF TAX ON JOINT/TRUST ACCOUNTS 1_ 2 3 X 4 5 6 7 X 8 PART DEBTS AND DEDUCTIONS CLAIMED 3^ DATE PAID PAYEE DE Sf'RTPTTnu ........._ ____ WORK C ~/7 ) ~ O ~ ~~o-U/~' ~~ TELEPHONE NUMBER DATE -~~--• wvr~ury, a oecaare that the facts I have reported above are true, correct antl eomplat~o the bast/9f my knowledge antl belief. .._.._ _ GENERAL INFORMATION 1. FAILURE TD RESPOND WILL RESULT IN AN OFFICIAL TAX ASSESSMENT with applicable interest based on inf ornation subwitted by the financial institution. 2. Inherit ones Tax becowas dalin oueni nine months after the decedent's dake of death. 3. A ioin4 account is taxable even when khe tlecaden4's Wawa was added as a natter of convenience. 4. Accounts (including Oho se held between husband and wife) 4h• tlecedenk put in ioint oases within one Year Prior to death are fully taxable. 5. Accounts established do intly between husband and wife wore than one year orior to death are not taxable. 6. Accounts held by a decedent '•in trust tor" another or others era fully taxable. REPORTING INSTRUCTIONS - PART 1 - TAXPAYER RESPONSE 1. BLOCK A - If the inf ornation and computation in the notice are correct and tleduckions are not being claimed, place an "X" in Block A of Part 1 of the "Taxpm•er Response'' section. Sign two copies and subs ik then with a check for the anounk of tax to Ohs register of wills of the county indicated. The PA Department of Revenue will issue an official assessment (Porn REV-1548 E%) upon recsivk of Ohs return from the register of wills. 2. BLOCK B - If the asset specified on this notice has been or will bs reported and 4ax paid with the Pannsvlvania Inheritance Tax Return filed by the eskate's representative, place an "X" in Block B of Part 1 of the "Taxvayer Response" section. Sign one cove and return to Ohs rapt star of wills of the county indicated. 3. BLOCK L - If the notice information is incorrect and/or tledu ctions era bainp claimed, check Block C and complete Parts 2 end 3 according to the instructions below. Sign two copies end subs it then with your check for the awount of tax payable to khe rapister of wills of the county indicated. The PA Dapartnent of Revenue will issue an off ieial assessment (Fora REV-1548 E%) upon receipt of the return iron Ohs rapister of wills. TAX RETURN - PART 2 - TAX COMPUTATION LINE 1. Enter the date the account arlpinellY was established ar titled in the wanner existing at data of sa NOTE: For a decedent who died of ter l2/12/82, accounts the decedent auk in ioint nawes within one year of death are fully taxable. Hweve r, there is an exclusion no4 to exceed P3,000 oar transf area, reperdless of the value of the account or 4ha nuwber of accounts held. If a double asterisk [ss) appears before your first nave in the address portion of this notice, khe 13.000 exclusion was deducted from the account balance as reported by the financial institution. 2. Enter the tp tal balance of the account inclutlinp interest accrued to the date of death. 3. The Percentage of the account that is taxable to each survivor is deterwinad as follows: A. The pe rcentage taxable of ioint assets established Wore than one Yaar Prior to the decedent's death: 1 DIVIDED BY TOTAL NUMBER OF DIVIDED BY SURVIVINGB JOINT OWNERS MULTIPLIED BY 100 = PERCENT TA)U1 BLE JOINT pYNERS Exawol a: A ioin4 asset rapists ratl in the nano of the tlecatlen4 and 4wo other Parsons: 1 DIVIDED BV 3 (JOINT OWNERS) DIVI OED BY 2 (SURVIVORS) _ .167 X 100 = 16.7 oe rcent (TAXABLE TO EACN SURVIVOR) B. Tha Percentage taxable for aasats created within one veer of the decedent's death or accounts woad by the decedent but held in trust for another individual(s) (trust beneficiaries): 1 DIVIDED BV TOTAL NUMBER OF SURVIVING JOINT MULTIPLIED BY 100 =PERCENT TAXABLE OWNERS OR TRUST BENEFICIARIES Example: Joint account rapist erect in khe nave of the decedent and two other Dersons end establishatl within one Year of tlaath by the decedent. 1 DIVI OED BY 2 (SURVIVORS) _ .50 X 100 = 50 percent (TAXABLE FOR EACH SURVIVOR) 4. Tha anounk subiect to tax (Lino 4) is data twined by multiply imp the account balance (Line 2) by the Pa rcent taxable (Line 3). 5. Enter the total of the debts and datluctions listed in Part 3. 6. Tha awount taxable (Line 6) is datervined by subtracting the debts and deductions (Line 5) from the anounk subi act to tax (Lino 4). 7. Enter the approv riate tax rata (line 7) as date rained below. Data of Death Spcuso Lineai SSblinp Collateral 07/01/94 to 12/81/94 3 percent 6 percent 15 percent 15 percent 01/01/95 to 06/30/00 0 percent 6 pe rc ant 15 percent 15 percent 07/01/00 to present 0 percent 4.5 percent f 12 percent 15 pe re ant sTha tax rate wpoaed on the mat value of transf ors rron a vecaessa ,.,:,.~ ~..- ~- -~ --- -~ ------ tlaath to or for the use of a natural parent, en adoptive parent or a sfepoarant of the child is 0 vercent. The lineal class of heirs 3ncludas grandparents, oaten ts, children and other lineal descendents. "Children" includes natural children whether or mat thou have boon adopted by others, adapted children and step children. "Lineal tlascentlents'• includes all children of the natural parents and their descendants. whether or not they have bean adopted by others; adopted descendants and their descendants; end step-descendants. "S Sblinps•' era defined ss individuals who have at hest one parent in cowwon with the dacedant, whether by bleed or adoption. Tha Collateral class of hairs includes ell other beneficiaries. CLAIMED DEDUCTIONS - PART 3 - DEBTS AND DEDUCTIONS CLAIMED All webla debts and dada ctions are deterninetl as follows: A. Vou are legally responsible for payment, or the estate subiecY to administration by a pe rsanal more sentative is insufficient to pev the deductible items. B. Vou actually paid the debts of tar the death of the dacedant and can furnish proof of paYwent. C. Debts be ina cl aised nus4 be itew izad fully in Part 3. If additional space is needed, use a 1/2•' x 11" sheet of paper. Proof of ____. __..._ ___.... ~~.n :.., th. pe neaarte ant of Rwenue.