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HomeMy WebLinkAbout04-0579COHHONHEALTH OF PENNSYLVANZA DEPARTHENT OF REVENUE BUREAU OF INDtVIDUAL TAXES DEPT. Z80601 HARRISBURG, PA 171Z8-0601 REV-15115 EX AFP Cffg-O0) ZNFORNATZON NOTZCE AND TAXPAYER RESPONSE ~) CHRIS E WAREHIME PO BOX 85 MARYSVTLLE PA 17055-0085 ~,., FZLE NO. 21"0~ '~'~9 ACN 0q121255 DATE 06-0~-200~ EST. OF DALE E NAREHIME S.S. NO. 200-Z~-1958 DATE OF DEATH 02-19-Z00~ COUNTY CUMBERLAND TYPE OF ACCOUNT [] SAVTNGS [] CHECKTNG [] TRUST [] CERTTF. RE}ITT PAYHENT AND FORHS TO: RESISTER OF WTLLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17015 PSECU has provided the Department Nith the information listed balom which has been used in calculating the potential tax due. Their records indicate that at the death of the above decedent, you were a joint owner/beneficiary of this account. If you fas1 this information is incorrect, please obtain written correction from the financial institution, attach a copy to this form and return it to the above address. This account is taxable in accordance .ith the Inheritance Tax Laws of the Commonwealth of Pennsylvania. Questions may be answered by calling (717) 787-85Z7. COMPLETE PART I BELOW x # # SEE REVERSE SZDE FOR FZLZNG AND PAYMENT ZNSTRUCTZONS Account: No. 0200Z~1958 Da~e 05-~q-ZO05 To insure proper credit to your account, two Established (2) copies of this notice must accompany your payment to the Register of Hills. Hake check Accoun~ Balance . O0 payable to: "Register of Hills, Agent". Percan~ Taxable X 1 0 0.0 0 Amoun~ Subjac~ ~o Tax . O0 NOTE: If tax payments ara .ada within three (~) months o; the dscadent's data of death, Tax Ra~a X .0~5 you may deduct a 5~ discount of the tax due. Any inheritance tax due mill become delinquent Po~en~ial Tax Due . O0 nine (93 months after the date of death. PART TAXPAYER RESPONSE I. I-~ The above information and tax due is correct. 1. You may choose to remit payment to the Rag[star of Hills with tad copies of this notice to obtain CHECK --] a discount or avoid interest, or you may check box "A' and return this notice to the Register of ONE Hilts and an official assessment will be issued by the PA Department of Revenue. BLOCK J B. [] The above asset has been or ail1 be reported and tax paid aith the Pennsylvania Inheritance Tax return ONLY to be filed by the decadent's representative. C. i -]The above information is incorrect and/or debts and deductions aero paid by you. You must complete PART [] and/or PART PART Zf you indicate a diffaran~ ~ax ra~e, please s~a~e your relationship ~o decedent: TAX RETURN - COMPUTATZON OF TAX ON JOZNT/TRUST ACCOUNTS LZNE 1. Date Established 2. Accoun~ Balance 2 3. Percen* Taxable $ ~ q. Amoun~ Subjac~ ~o Tax q 5. Debts and Deductions 5 6. Amount Taxable 6 7. Tax Ra~a 7 ~ 8. Tax Duo 8 PART DATE PAID DEBTS AND DEDUCTZONS CLAZMEn PAYEE DESCRIPTION AMOUNT PAID TOTAL (Enter on Line $ of Tax Computation) Under penalties of par.iury, I declare that ~:he fac~:s ! have reported above are %rue, correc~ and complete ~o ~he bes~ of my knowledge and belief. HOME TAXPAYER S~GNATURE TELEPHONE NUMBER DATE GENERAL INFORMATION 1, FAZLURE TO RESPOND #ZLL RESULT ZN AN OFFZC~AL TAX ASSESSHENT aith applicable interest based on information submitted by thm financial institution. Z. Inheritance tax becomes deIinqumnt nine months after the decadant's date of death. $. A joint account is taxable even though the decedant's name ems added es a matter of convenience. q. Accounts (including those held bat#man husband and #ifa) which the decedent put in joint names within one year prior to death are fully taxable as transfers. S. Accounts established jointly between husband and eifa more than one year prior to death are not taxable· 6. Accounts held by a decedent "in trust far" another or others ara taxable fullY. REPORTING INSTRUCTIONS - PART ! - TAXPAYER RESPONSE 1. BLOCK A - If the information and computation in the notice ara correct and deductions arm not being claimed, place an "X" in block "A" of Part ! of the "Taxpayer Response" section. Sign two copies and submit them with your check far the amount of tax to the Register of #ills of the county indicated. The PA Department of Revenue will issue an official assessment (Form REV-ISqB EX) upon receipt of the return from the Register of Mills. Z. BLOCK B - If the asset specified on this notice has been or will ba reported and tax paid with the Pennsylvania Inheritanoe Tax Return filed by the decedent's representative, place an "X" in block "B" of Part I of the "Taxpayer Response" section. Sign one copy and return to the PA Department of Revenue, Bureau of Individual Taxes) Dept ZOO601) Harrisburg, PA IT1ZB-0601 in the envelope provided. 5. BLOCK C - If the notice information is incorrect and/or deductions are being claimed) check block "C" and complete Parts Z and according to the instructions below. Sign two copies and submit them with your check far the amount of tax payable to the Register of Wills of the county indicated. The PA Department of Revenue will issue an official assessment (Form REV-1548 EX) upon receipt of the return free the Register of gills. TAX RETURN - PART 2 - TAX COMPUTATION of death· LINE l. Enter the date the account originally was established or titled in the manner existing at date NOTE: For a decedent dying after 1Z/1Z/BZ: Accounts which the decedent put in joint names within Dna [1) year of death arm taxable fully as transfers. Hoaevmr) there is an exclusion not to exceed $3)000 par transferee regardless of the value of the account or the number of accounts held. If a double asterisk (xw) appears before your first name in the address portion of this notice) the S5,000 exclusion already has been deducted from the account balance as reported by the financial institution. Z. Enter the total balance of the account including interest accrued to the date of death. $. The percent of the account that is taxable for each survivor is determined as folio, s: A. The percent taxable for joint assets established more than one year prior to the decedant's death: 1 DIVIDED BY TOTAL NUHBER OF DIVIDED BY TOTAL NUNBER DF X 100 = PERCENT TAXABLE JOINT ONNERS SURVIVING JOINT ONNERS Example: A joint asset registered in tho name of the decedent and two other parsons. I DIVIDED BY 3 (JOINT ONNERS) DIVIDED BY Z (SURVIVORS) = .167 X 100 = 16.7X (TAXABLE FOR EACH SURVIVOR) B. The percent taxable far assets created within one year of tho dmcedent's death or accounts owned by the decedent but hold in trust for another individual(s) (trust beneficiaries): 1 DIVIDED BY TOTAL NUMBER OF SURVIVING JOINT X 100 = PERCENT TAXABLE ONNERS OR TRUST BENEFICIARIES Example: Joint account registered in the name of the decedent and two other persons and established within one year of death by the decedent. I DIVIDED BY Z (SURVIVORS) = .50 X 100 = 50Z (TAXABLE FOR EACH SURVIVOR) to tax (1ina ~) is determined by multiplying the account balance (1ina Z) by the percent taxable (line ~). ~. The amount subject (1ina 6) is determined by subtracting the debts and deductions (line 5) from · Enter the total of the debts and deductions listed in Part 3. the amount subject to tax (line ~). ~. The amount taxable determined beloa. ~priatm tax rate [line Dais eT -ne=-~h Spouse Lineal I Sibling Collateral 07/01/9q ~o 12/$1/9q 01/01/95 ~o 06/50/00 OX 6X 15Z 15Z 07/01/00 to present OX i.5X~ lax · ~ .=~ value o~ ~ aas~ers ~rom a dace=lad child t~anty-on; ysars of age or ' ...... raunger at 7. Enter the approl wTha tax rate imf death to or for the usa of a natural parent, an adoptive parent, or a stmppal The lineal class of heirs includes grandparents, parents, children, and lineal descendents· "Children" includes natural children whether or not they have been adopted by others, adopted children and step children. "Lineal descendents" includes all children of the natural parents and their descendents, whether or not they have been adopted by others, adopted descendents and their descendants and step-descendants. "Siblings" are defined as individuals who have at least one parent in common aith the decadent) whether by blood or adoption. The "Collateral" class of heirs includes all other beneficiaries. CLAIMED DEDUCTIONS - PART $ - DEBTS AND DEDUCTIONS CLAIMEO Allowable debts end deductions ara determined as folloes: A. You legally arm responsible for payment, or the estate subject to administration by a personal representative is insufficient to pay the deductible items, dent and can furnish proof of payment. - ...... ~ ~/~" x 11" Proof of 1 aid the debts after death of ~he dace ~: .a. ae;~n Dace is needed) use p[a]n pdyu. u .-- · B. !°~-ac~u~-Y-~-,--- lust be itemized fully ,n Part 3 ........... al s~ BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG, PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAXSE~T. ALLONANCE OR DXSALLOHANCE OF DEDUCTIONS, AND ASSESSHENT OF TAX ON JOINTLY HELD OR TRUST ASSETS CHRIS E WAREHIHE PO BOX 83 HARYSVILLE PA 17053-0083 DATE 07- 13-2004 ESTATE OF NAREHTME DATE OF DEATH 02-19-2004 FILE NUMBER COUNTY CUMBERLAND SSN/DC 200-24- 1938 ACN 04121235 Amount Remitted DALE E MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF NILLS CUHBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS *~ REV-1548 EX AFP (01-05) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLONANCE OF DEDUCTIONS, AND ASSESSMENT OF TAX ON JOINTLY HELD OR TRUST ASSETS DATE 07-13-2004 ESTATE OF WAREHIME DALE E DATE OF DEATH 02-19-2004 COUNTY CUMBERLAND FILE NO. S.S/D.C. NO. 200-24-1958 ACN 04121235 TAX RETURN NAS: CX} ACCEPTED AS FILED C } CHANGED JOINT OR TRUST ASSET INFORMATION FINANCIAL INSTITUTION: PSECU ACCOUNT NO. 0200241958 TYPE OF ACCOUNT: C ) SAVINGS (~ CHECKING C ) TRUST C ) TIME CERTIFICATE DATE ESTABLISHED 03-24-2003 Account Balance .OO Percent Taxable X 1.000 Amount Subject to Tax Debts and Deductions .00 Taxable Amount .00 Tax Rate Tax Due .00 TAX CREDTTS: NOTE: TO INSURE PROPER CREDIT TO YOUR ACCOUNT, SUBMIT THE UPPER PORTION OF THIS NOTICE WITH YOUR TAX PAYMENT TO THE REGISTER OF MILLS AT THE ABO~:ADDRE~S. MAKE CHECK OR MONEY ORDER PAYABLE TO: "REGISTER 0~ WILLS, AGENT." PAYMENT DATE RECEIPT NUMBER DISCOUNT C+) INTEREST/PEN PAID C-) AMOUNT PAID TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE IF PAID AFTER THIS DATE, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN ~1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CA), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. .00 .00 .00 .00 PURPOSE OF NOTICE= PAYMENT= REFUND (CR): OBJECTIONS= ADMIN- ISTRATIVE CORRECTIONS= DISCOUNT= PENALTY= INTEREST= To fulfill the requirements of Section 2140 of the Inheritance and Estate Tax Act, Act 23 of 2000. (72 P.S. Section 91~01. Detach the top portion of this Notice and submit with your payment to the Register of Nills printed on the reverse side. -- Make check or money order payable to= REGISTER OF NILLS, AGENT. A refund of a tax credit, which was not requested on the tax return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-ISIS). Applications are available at the Office of the Register of Nills, any of the 25 Revenue District Offices or by calling the special 2~-hour answering service for forms ordering= 1-800-$&2-20S0; services for taxpayers with special hearing and or speaking needs= 1-800-~47-$020 CTT only). Any party in interest not satisfied with the appraisement, allowance, or disallowance of deductions or assessment of tax (including discount or interest) as sho~n on this Notice may object within sixty (&O} days of receipt of this Notice by: --written protest to the PA Department of Revenue, Board of Appeals, Dept. 28102I, Harrisburg, PA I7128-1021, OR --electing to have the matter determined at the audit of the account of the personal representative, OR --appeal to the Orphans' Court Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, DEPT. 280ROI, Harrisburg, PA 17128-0&01 Phone C7171 787-&505. See page 5 of the booklet "Instructions for Inheritance Tax Return for a Resident Decedent" CREV-IS01) for an explanation of administratively correctable errors. If any tax due is paid within three ($) calendar months after the decedent's death, a five percent discount of the tax paid is allo~ed. The 151 tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation penalty is appealable in the same manner and in the the same time period as you would appeal the tax and interest that has been assessed as indicated on this notice. Interest is charged beginning with first day of delinquency, or nine C91 months and one C1} day from the date of death, to the date of payment. Taxes which became delinquent before January l, 1982 bear interest at the rate of six CSX) percent per annum calculated at a daily rate of .000164. All taxes which became delinquent on or after Januar~ I, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2004 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 20~ .0005~8 1988-1991 IIX .00050! 2001 91 .000247 1985 16~ .000458 1992 9~ .0002~7 2002 &X .000219 1984 llX .000501 1995-199~ 7X .000192 2003 51 .000137 1985 131 .O00~S& 1995-1998 9~ .000247 2004 41 .000110 1986 10~ .00027~ 1999 71 .000192 1987 91 .000247 2000 8~ .000219 --Interest is calculated as follows= INTEREST = BALANCE OF TAX UNPAXD X NUNBER OF DAYS DELXN&IUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest must be calculated. HEATH L. ALLEN N. DAVID RAHAL CHARLES W. RUBENDALL 'rr ROBERT L. WELDON EUGENE E. PEPINSKY. JR. JOHN H. ENOS 'nT GARY E. FRENCH DONNA S. WELDON BRADFORD DORRANCE JEFFREY S. STOKES ROBERT R, CHURCH STEPHEN L. GROSE R. SCOTT SHEARER ELYSE E. ROGERS CRAIG A. LONGYEAR DONALD M. LEWISTIT BRIDGET M. WHITLEY JOHN A. FEICHTEL ELIZABETH J. GOLDSTEIN BARBARA A. GALL STEPHANIE KLEINFELTER KEEfeR WOOD ALLEN & RAHAL, ATTORNEYS At LAW 210 WALNUT STREET P. O. BOX II963 HARRISBURg, PA I7108-1963 PHONE {717) 255-8000 EIN No. 23-0716135 www. keefervvood.com July 27, 2004 E-mail: LLP ESTABLISHED IN 1878 OF COUNSEL: SAMUEL C. HARRY WEST SHORE OFFICE: 415 FALLOWFIELD ROAD CAMP HILL. PA 17OII (717) 612-58OO WRITER'S CONTACT INFORMATION: (717) 255-8037 Fax: (717) 255-8003 skleinfelter(~.keeferwood.com Register of Wills Office Cumberland County Courthouse One Courthouse Square Carlisle, PA Re: Estate of Michael T. Reedy, Deceased File No.: 2001-579 Status Report Under Rule 6.12 Dear Sir/Madam: I have enclosed for filing a Status Report Under Rule 6.12 for the Estate of Michael T. Reedy, Deceased. Please date stamp and return the enclosed copy of the Report. Thank you in advance for your assistance in this matter. Very truly yours, KEEFER WOOD ALLEN & RAHAL, LLP By: stepha'nie kleinfelter 7~ SK/kpf Enclosures cc: Robin C. Reedy, Co-Administrator of the Estate Martin C. Naugle, CPA, Co-Administrator of the Estate STATUS REPORT UNDER RULE 6.12 Name of Decedent: Michael T. Reedy Date of Death: June 7, 2001 Will No. 2001-00579 Admin. No. Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: State whether administration of the estate is complete: Yes No X 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: September 1,2004. 3. If the answer to No. 1 is Yes, state the following: a. Did the personal representative file a final account with the court? Yes No b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. Date: July 27, 2004 Stephanie Kleinfelter, Esquire Name (Please type or print) Keefer, Wood, Allen & Rahal LLP 210 Walnut St., P.O. Box 11963 Harrisburg, PA 17108-1963 Address (717)255-8037 Tel. No. Capacity: Personal Representative X Counsel for Personal Representative