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HomeMy WebLinkAbout04-0637COHNONNEALTH OF PENNSYLVANIA DEPARTHENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. ZSO6D1 HARRISBURG, PA 171Z8-0601 REV-19qS EX AFP (09-00) ZNFORHATZON NOTICE AND TAXPAYER RESPONSE IFZLE NO. Zl ACN 0q126619 DATE 07-05-200q JOHN W KAMBTC 800 ZND ST HEW CUHBERLAHD PA EST. OF JENNIE Y KAHBZC S.S. NO. 195-07-0~0~ DATE OF DEATH 05-05-2004 *-~.' ~OUNTY CUMBERLAND TYPE OF ACCOUNT [] SAVINGS [] CHECKING [] TRUST [] CERT/F. REHZT PAYHENT AND FORHS TO: REGISTER OF WTLLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17015 SUN BANK has provided the Department aith the information listed below which has bean 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 feel this information is incorrect, please obtain written correction free the financial institution, attach a copy to this form and return it to the above address. Thls account ls taxable in accordance with the Inheritance Tax Laws of the Commonwealth of Pennsylvania. Questions amy ba answered by calling (717) 787-8327. COMPLETE PART I BELOW # # # SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Accoun~ No. 1050075Z7 Da~a 07-12-2001 Es:~ablishad Accoun~ Balance Z, 533.09 Parcen~ Taxable X 5 0.0 0 0 Amoun'l: Subjec~ ~o Tax 1,266.55 Tax Ra~a X .045 Pod:annie1 Tax Due 56.99 Ta insure proper credit to your account, tho (2) copies of this notioe must accompany your payment to the Register of Wills. Hake check payable to: 'Register of Nills, Agent". NOTE: If tax payments are made within three (5) months of the dacedmnt's date of death, you may deduct a 5Z discount of the tax due. Any inheritance tax due will become delinquent nine (9) months after the date of death. PART TAXPAYER RESPONSE A. [] The above information and tax due is correct. 1. You may choose to remit payment to the Register of Hills with two 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 ~ Nills and an official assessment wilI be issued by the PA Depart.ant of Revenue. BLOCK B. [] The above asset has been or will be reported and tax paid with the Pennsylvania Inheritance Tax return ONLY to be filed by the decedmnt's representative. C. [] The above information is incorrect and/or debts and deductions were paid by you. You must complete PART [] and/or PART [] below. If you indicate a differan~ ~ax rag:e, please s~:a~:e your rale~¢ionship ~o decedent: RETURN - COMPUTATION OF TAX ON JOINT/TRUST ACCOUNTS PART TAX L/NE 1. Da~e Established 2. Accoun~ BaZanca 2. 3. Percen* Taxab,, q. Amount Sub~ec~ ~o Tax /~~'" 5. Dab~s and Deductions 6. Amoun~ Taxable 7. Tax Ra~a 7 8. Tax Due ~ 0 PART DATE PAID DEBTS AND DEDUCTIONS CLAIMED DESCRIPTION PAYEE TOTAL (Enter on Line S of Tax Computation) AMOUNT PATD Under paneZ~[as of perjury, Z decZare ~ha~ ~he fac~s Z have reported above are ~;rua) corrac~ and comp~e ~o ~he_b..s{~l.dg..nd b.li.f. HOME (~/?) ' WORK ( TAX.ER SIGNATURE TELEPHONE NUHBER DATE GENERAL ZNFORHATZON 1. FAXLURE TO RESPOND N~LL RESULT ZN AN OFFICIAL TAX ASSESSHENT with applicable interest based on information subeittad by the financial institution. Z. Inheritance tax becomes delinquent nine months after the dacadant's date of death. 3. A joint account is taxable even though the decedent's naea was added as a matter of convenience. 4. Accounts (including those held between husband and wife) which the decedent put in joint names within one year prior to death are fully taxable as transfers. 5. Accounts established jointly batNeen husband and wife more than one year prior to death are not taxable. 6. Accounts held by a decedent "in trust for" another or others ara taxable fully. REPORTZNG ZNSTRUCTZONS - PART I TAXPAYER RESPONSE 1. BLOCK A - If the information and computation in the notice are correct and deductions are not being claimed, place an "'X" in block "A" of Part I of the "Taxpayer Response" section, Sign tNa copies and submit thee with your check for the amount of tax to the Register of Nills of the county indicated. The PA Department of Revenue will issue an official assessment (Form REV-1S48 EX) upon receipt of the return from the Register of Nills. Z. BLOCK B - If the asset specified on this notice has been or will be reported and tax paid with the Pennsylvania Inheritance 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 171ZB-O601 in the envelope provided. 3. BLOCK C - If the notice information is incorrect and/or deductions are being claimed, check block "C" and complete Parts 2 and according to the instructions belom. Sign ted copies and submit them with your check for the amount of tax payable to the Register of Nills of the county indicated. The PA Department of Revenue will issue an official assessment (Fora REV-15q8 EX) upon receipt of the return from tho Register of Nills. TAX RETURN - PART Z - TAX COHPUTATION LINE 1. Enter the date the account origlnally was established or titled in the manner existing at date of death. NOTE: For a decedent dying after 1Z/II/BI: Accounts which the decedent put in joint names mithin one (13 year of death are taxable fully as transfers. However, there is an exclusion nat to exceed $3,000 per transferee regardless of the value of the account or the number of accounts held. If a double asterisk (xx) appears before your first name in fha address portion of this notice, the $3,000 exclusion already has been deducted from the account balance as reported by the financial institution. 2. 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 folloas: A. Tho percent taxable for joint assets established more than one year prior to tho dacadent's death: 1 DIVIDED BV TOTAL NUMBER OF DIVIDED BY TOTAL NUMBER OF X lO0 = PERCENT TAXABLE JOINT O#NERS SURVIVING JOINT ONNERS Exalple: A joint asset rag[stared in the name of the decedent and two other persons. I DIVIDED BY 3 (JOINT ONNERS) DIVIDED BY Z (SURVIVORS) TM .167 X 100 = 16.77. (TAXABLE FOR EACH SURVIVOR) B.Tha percent taxable for assets created within one year of the decedent's death or accounts owned by tho decedent but held 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. 1 DIVIDED BY Z (SURVIVORS) = .50 X 100 = 50Z (TAXABLE FOR EACH SURVIVOR) The amount subject to tax (line q) is determined by multiplying the account balance (line Z) by the percent taxable (line 5. Enter the total of the debts and deductions listed in Part 3. 6. The amount taxable (line 6) is determined by subtracting the debts and deductions (line 5) from the amount subject to tax (line 43. 7. Enter the appropriate tax rate (Iine 7) as determined below. Da~e of Death [ Spouse Lineal Sibling I Colla{erel 07/01/9q ~o 12/$1/9q SZ 6X 15X 15X 01/01/95 ~o 06/30/00 OX 6Z 15X 07/01/00 ~o presen~ OX q.SZ~ 12X 15X aTha tax rate imposed on th; net value iran younger at death to or for the usa of a natural parent) an adoptive parent, or a stapparant of the child is 07.. The lineal class of hairs includes grandparents, parents, children, and lineal descendents. "Children" includes natural children whether or not they have bean 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 #ith the decedent, whether by blood or adoption. Tho "Collateral" class of halts includes a11 other beneficiaries. CLAIMED DEDUCTTONS PART :5 - DE~TS AND DEDUCTTONS CLATMED Allowable debts and deductians ara determined as follows: A. You legally are responsible for payment, or the estate subject to administration by a personal representative is insufficient to pay the deductible items. B. r YOU actually paid fha debts after death of the decedent and can furnish proof of payment. C. Debts being claimed must be itemized fully in Part 3. If additional space is needed, use plain paper 8 l/Z" x 11". Proof of payment may be requested by the PA Department of Revenue. BUREAU OF INDIVIDUAL TAXES TNHERZTANCE TAX DZVTSZON PO I~OX 280601 HARRZSBURGj PA 1712&-060! JOHN W KAHBIC 800 2ND ST NEW CUMBERLAND PA 17070 COHHONWEALTH OF PENNSYLVANIA DEPARTHENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAZSEHENT. ALLO#ANCE OR DZSALLOHANCE OF DEDUCTIONS, AND &SSESSHENT OF TAX ON JOINTLY HELD OR TRUST ASSETS DATE ESTATE OF DATE OF DEATH FILE NUHBER COUNTY ACN 11-29-2004 KAHBIC 05-05-Z004 CUHBERLAND 195-07-0404 04126619 Amoun'l: Romi~c~cod REV-1S48 EX AFP (09-04) JENNIE Y HAKE CHECK PAYABLE AND REHIT PAYHENT TO: REGISTER OF WILLS CUHBERLAND CO COURT HOUSE CARLISLE, PA 17015 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS *~ m mil m m m mmmmmmmmllmmmmmmmmmmmm mi1 m mmmmmmmmmmmmm m mm mm mmmmmmmmm.lmlllmmm mil mil mm mm mi mil mm mmmmmmmmmmm .m m m mill m m m m m m m REV-1548 EX AFP (01-03) NOTICE OF INHERITANCE TAX APPRAZSEHENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS, AND ASSESSHENT OF TAX ON JOINTLY HELD OR TRUST ASSETS DATE 11-29-2004 ESTATE OF KAHBIC JENNIE Y DATE OF DEATH 05-05-2004 COUNTY CUHBERLAND FILE NO. S.S/D.C. NO. 195-07-0404 ACN TAX RETURN WAS: (X) ACCEPTED AS FILED ( ) CHANGED 04126619 JOINT OR TRUST ASSET INFORMATION FINANCIAL INSTITUTION: SUN BANK ACCOUNT NO. 105007527 TYPE OF ACCOUNT: (~ SAVINGS ¢ ) CHECKING ( ) TRUST ( ) TIHE CERTIFICATE DATE ESTABLISHED 07-12-2001 Account Balance Percent Taxable ~ 0.500 Amount Subject to Tax 1,266.55 Debts and Deduct/ohs 5,250.00 Taxable Amount .00 Tax Rate ~ .45 Tax Due .00 TAX CREDTTS: 2,535.09 NOTE: TO INSURE PROPER CREDIT TO YOUR ACCOUNT, SUBMIT THE UPPER PORTION OF THIS NOTICE WITH YOUR TAX PAYHENT TO THE REGISTER OF WILLS AT THE ABOVE ADDRESS. HAKE CHECK OR HONEY ORDER PAYABLE TO: "REGISTER OF WILLS, AGENT." PAYHENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUHBER INTEREST/PEN PAID (-) TOTAL TAX CREDIT BALANCE OF TAX DUEI INTEREST AND PEN. TOTAL DUE ZF PAID AFTER THIS DATE, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. ( ZF TOTAL DUE ZS LESS THAN $1, NO PAYHENT ZS REQUIRED. ZF TOTAL DUE ZS REFLECTED AS A "CREDIT" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS. ) .00 .00 .00 .0O PURPOSE OF NOTIC£: To fulfill the requirements of Section Z140 of the Inheritance and Estate Tax Act, Act Z5 of ZOO0. (7Z P.S. Section 9140). PAYNENT: REFUND (CR): OBJECTIONS: ADNIN- ISTRATIVE CORRECTIONS: D/SCOUNT: PENALTY: INTEREST: Detach the top portion of this Notice and submit with your payment to the Register of Rills printed on the reverse side. -- Hake check or coney order payable to: REGISTER OF HILLS, AGENT. A refund of a tax credit, ahich was not requested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-IS13). Applications ara available online at wow.revenue.state.ua.us, any Register of Rills or Revenue District Office, or from the Department's Z4-hour answering service for fores orders: 1-800-362-Z050; services for taxpayers with special hearing and/or speaking needs: 1-800-447-30Z0 (TT only). Any party in interest not satisfied aith tho appraismant, alloeance or disallowance of deductions or assessment of tax (incIuding discount or interest) as shown on this Notice may object within 60 days of the date of receipt of this notice by filing one of the following: A) Protest to the PA Department of Revenue, Board of Appeals. You may object by fillng a protest online at www.boardofappaals.state.pa.us on or before the expiration of the sixty-day appeal period. In order for an electronic protest to be valid) you must receive a confirmation number and processed date from the Board of Appeals website. You lay also send a written protest to PA Department of Revenue) Board of Appeals P.O. Box Z810Z1) Harrisburg) PA 171Z&-lOZ1. Petitions may not be foxed. B) Elactlon to have the setter determined at the audit of the account of the personal representative. C) Appeal to the Orphans' Court. Factual errors discovered on this assesseent should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit) P.O. Sox ZB060i, Harrisburg) PA 171ZB-0601 Phone (717) 767-6505. See page 5 of the booklet "Instructions for Inheritance Tax Return for a Resident Decedent" (REV-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 allowed. The 1SZ 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 (9) months and one (1) day from the date of death) to the date of payment. Taxes which became delinquent before January 1, 19&Z bear interest at the rate of six (BI) percent per annum calculated at a daily rate of .000164. AIl taxes which became delinquent on ar after January 1) 1982 will bear interest at a rata 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 lnterest Daily lnterest Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 20Z .000548 198'~8-1991 llZ .O0030Z 2009 9Z .000247 1983 16Z .000438 199Z 9Z .000Z47 ZOOZ 6Z .000164 1984 llZ .000301 1993-1994 7Z .OOOZBZ ZOO3 5Z .000137 1985 13Z .000356 1995-1998 9Z .000Z47 2004 4Z .000110 1986 IOZ .000274 1999 72 .O0019Z 1987 9Z .000Z47 ZOO0 8Z .000Z19 --Interest is calculated as follows: TNTEREST = BALANCE OF TAX UNPAZD X NURBER OF DAYS DELZNQUENT X, DAZEY ZNTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond tho date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest oust be calculated.