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HomeMy WebLinkAbout05-28-10i BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX 280601 HARRISBURG PA 17128-0601 NOTICE OF INHERITANCE TAX AP,.P~F~/A3~Sf1'~ENT;:, MIANCE OR DISALLOWANCE ''OF ;'bEDl1CTI~0~S, ,~1ND ASSESSMENT OF TAX pennsylvania ~ DEPARTMENT OF REVENUE REV-1547 EX AFP C12-09) ~~~~~~Y ~$ ~ ~~ ~~ DATE 05-31-2010 ESTATE OF NELSON SONDRA L DATE OF DEATH 12-22-2007 G~~~r~ ~~' FILE NUMBER 21 08-0948 Q~P~~~~ ~Q~~~T COUNTY CUMBERLAND STEPHEN J DZURANIN ESQ~~~~Q,_~,~~~ ~~ , PA, ACN 101 WIX ETAL APPEAL DATE: 07-30-2010 P 0 BOX 8 4 5 (See reverse side under Objections ) HBG PA 17108 Amount Remitted MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YDUR RECORDS ~ ______________ REV-1547 EX AFP C12-09~ NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF: NELSON SONDRA LFILE N0.:21 08-0948 ACN: 101 DATE: 05-31-2010 TAX RETURN WAS: C ) ACCEPTED AS FILED C X) CHANGED SEE ATTACHED NOTICE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) (1) .0 0 NOTE: To ensure proper 0 0 credit to your account, 2. Stocks and Bonds (Schedule B) (2) . submit the upper portion 3. Closely Held Stock/Partnership Interest (Schedule C) C3) .0 0 of this form with your 4. Mortgages/Notes Receivable (Schedule D) C4) .0 0 tax payment. 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) C5) 49,415.00 6. Jointly Owned Property (Schedule F) (6) 6, 036.98 7. Transfers (schedule G) C7) 497,409.53 C8) 552 , 861 .51 8. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (g) 5 6.7 71.1 7 10. Debts/Mortgage Liabilities/Liens (Schedule I) C10) 162,520.56 C11) 219,291.73 11. Total Deductions 333,569.78 12. Net Value of Tax Return (12) 0 0 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Sch edule J) C13) . 14. Net Value of Estate Subject to Tax (14) 333,569.78 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: 00 00 •_ .00 15. Amount of Line 14 at Spousal rate (15) . X 16. Amount of Line 14 taxable at Lineal/Class A rate C16) 1 99 .437.28 X 045 = 8, 974 .67 17. Amount of Line 14 at Sibling rate C17) 21 .323.6 X 12 14,558.83 18. Amount of Line 14 taxable at Collateral/Class B rate C18) 12 , 808.84 )( 15 •- 1 , 921.32 19. Principal Tax Due C19 ) 25, 454.82 TAV f'•OCTITT@. PAYMENT DATE RECEIPT NUMBER DISCOUNT C+) INTEREST/PEN PAID C-) AMOUNT PAID 09-22-2008 CD010290 .00 15,000.00 09-21-2009 CD011770 .00 1,412.68 INTEREST IS CHARGED THROUGH 06-15-2010 AT THE RATES APPLICABLE AS OUTLINED ON THE REVERSE SIDE OF THIS FORM TOTAL TAX PAYMENT 16,412.68 BALANCE OF TAX DUE 9,042.14 INTEREST AND PEN. 869.09 TOTAL DUE 9,911.23 * IF PAID AFTER DATE INDICATED, SEE REVERSE IF TOTAL DUE IS REFLECTED AS A "CREDIT" CCR), YOU MAY BE DUE FOR CALCULATION OF ADDITIONAL INTEREST. A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. { REV-1470 EX (01-10) ~ pennsylvania DEPAR ~ MENT OF REVENUE BUREAU OF INDIVIDUAL TAXES PO Box 280601 HARRISBURG. PA 17128-0601 DECEDENT'S NAME Sondra Nelson INHERITANCE TAX EXPLANATION OF CHANGES REVIEWED BY ITEM SCHEDULE NO. H B8 H B14& 15 1 27 1500/) 1500/) H. Moore FILE NUMBER ACN 2108-0948 101 EXPLANATION OF CHANGES Closing costs can only be taken as a deduction if the related real property is reported at a sale price, Taxes related to real property that become due after the decedent's death are not allowable deductions. No documentation was provided showing the estate owed for these services. The deduction has been disallowed. According to the decedent's will she gives a life estate to her brother for the 10 years ~I the trust is in existence. The factor used based on the 1RS Tables is .386087 to ~~ calculate the life estate. According to decedent's Dispositive Part Schedule B Part 2, Section A the trust income ~, and principle may be distributed to the decedent's sister or issue. A compromise was not offered for this estate therefore the Department has taxed the value of the trust I' at the highest tax rate in the potential chain of distribution for the 10 year period the I~ trust is in existence. ~. Row Page 1