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HomeMy WebLinkAbout02-01-10~;`' i ~ ~ .. }`,. C~MNlONWEALTH OF PENNSYLVANIA GOVERNOR'S OFFICE OF GENERAL COUNSEL January 26, 2010 Robert R. Church, Esq. Keefer Wood Allen & Rahal, LLP 210 Walnut Street P.O. Box 11963 ,~ Harrisburg, PA 17108-1963 ~ ° :.,:., ~ m ~, ~_; ,., Re: Estate of Marv E. Burdge deceased ~ Sri ~ c -; ~~~ Court of Common Pleas of Cumberland County ~ -- ~~ ~, Orphans' Court Division ~ ,G ~"' File No. 20 08-00305 ~"~ Dear Mr. Church: The Department of Revenue, Office of Chief Counsel, received the Appeal of Pennsylvania Inheritance Tax Determination, filed on behalf of the above-referenced Estate. The Estate appeals the Department's assessment of inheritance tax upon the value of a limited partnership in which decedent owned an interest. The Department appraised the property at its full value, disallowing any minority or lack of marketability discount. As we discussed, the Department is willing to settle this appeal with no further involvement from the Court. The Department agrees that the partnership is entitled to both a minority and lack of marketability discount. For purposes of settlement only, the Department will agree to reduce its assessment of additional inheritance tax to $8,431.25. If the Estate agrees to these terms, the Department will issue a record adjustment that reflects that amount due on the account of the Estate. If the Estate pays that amount by January 29, 2010, the accrued interest also due is $476.01. If the Estate agrees to these terms, I will forward a draft stipulation to settle the matter, for filing with the Court. _-- -. OFFICE OF CHIEF COUNSEL ~ PO BOX 281061 ~ HARRISBURG, PA 17128-1061 1 ~ pennSy~Van~a Ph: (717) 346-4644 ~ Fax: (717) 772-1459 ~ Ikulick@state.pa.us DEPARTMENT OF REVENUE Robert R. Church, Esq. January 2~, 2010 Page 2 Please contact me if you would like to further discuss this matter, or if you have any questions or concerns. Thank you for your consideration. Sincerely, Lora A. Ku i c Senior Counsel cc: Glenda Farner-Strasbaugh LAK:dmm #32259 oho ~ ° a ~ C9 MN~~ '~ E N r- o N ~y ~ 0 ~- v 0. ~ o o ~~ aa~s~H y ~' ssrna tsar aalaasaad °° a O i W ~ ~ N Z Q ~ ~ ~ N C a ~ ~~cr~ k~-I M ;'" ~ O ...+ ~ A ~ .~ f~' Gz, ~ d :,..: o a ~' ° "' ~j H o _: ~ ~ ~ ~ .t~~~ a~ N O ~ ~ '''a ~~ Q N~ A~ H w o ~~ N U w /~