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Home My WebLink About08-11-10COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0801 RECEIVED FROM: HAYS C ELMIRA 201 N PRINCE STREET SHIPPENSBURG, PA 17257 PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT ACN ASSESSMENT AMOUNT CONTROL NUMBER -------- ,ova ESTATE INFORMATION: ssN: 208-2a-2ass FILE NUMBER: 2110-0815 DECEDENT NAME: SHRADER JOHN E DATE OF PAYMENT: 08/ 1 1 /2010 POSTMARK DATE: 08/10/2010 COUNTY: CUMBERLAND DATE OF DEATH: 06/10/2010 REMARKS: C ELMIRA HAYS SEAL CHECK# 8679 10139980 ( 584.31 REV-1182 EXI11-961 NO. CD 013194 TOTAL AMOUNT PAID: INITIALS: WZ RECEIVED BY: REGISTER OF WILLS 584.31 GLENDA EARNER STRASBAUGH REGISTER OF WILLS ' PENNSYLVANIA INHERITANCE TAX INFORMATION NOTICE Q ~ Q G ~~ BUREAU OF INDIVIDWL TAXES AND FILE N0. 21 ~ o Po Box zaosol TAXPAYER RESPONSE ACN 10139980 NARRISBUR6 PA 1712a-0601 DATE 07-07-2010 aEY-I56b E% AFP (1a •ta] C ELMIRA HAYS 201 N PRINCE ST SHIPPENSBURG PA 17257-1319 EST. OF JOHN E SHRADER SSN 208-24-2466 DATE OF DEATH 06-10-2010 COUNTY CUMBERLAND REMIT PAYMENT AND FORMS TD: REGISTER OF WILLS 1 COURTHOUSE SpUARE CARLISLE PA 17013 TYPE OF ACCOUNT SAVINGS ® CHECKING TRUST CERTIF. FARMERS 6 MERCHANTS TRUST CO provided the Departaent with the information bales, which has bean used in calculating the Dotentiel tax due. Records indicate that at the death of the above-naaed decadent. you ware a Soint owner/banal iciary of this account. If you feel the information is incorrect, please obtain written correction frog the financial institution, attach a copy to this forty entl return it to the above address. This account is taxable in accordance with the Inheritance Tax laws of the Cwaonwealth of Pennsvlvani a. Please cell C717) 7a7-x327 with qua stions. COMPLETE PART 1 BELOW ~ SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 50-06414 Date 10-10-2006 To ensure proper credit to the account, two Established copies of this notice oust accomparw pavaent to th• Raaistar of Wills. Make check Account Balance ~` 1 , 124.13 payable to ••Raaistar of Wills. Anent". PercanL Taxable X 5 0. 0 r~ NOTE: If tax payaent a aede with three Amount Subject to Tax $ 562.07 aonths of the deeeden (ate of da~. ri te R T X • 15 deduct a 5 percent di on the ~( tlue.Ti ~""~1 { ax a ,:a~ Aro InMritenee Tax dDi1 •eoaa(~,alinq ~ Potential Tax Due $ 84 • 31 deetlG7 ~ ~:; "r-~ nine aonths after the: PART TAXPAYER RESPONSE ?'crime' -- ~~~"~ -.~~i ~~ ~; "'p C._., ..7 A. ~ Tha above infonat ion and tax due is correct. ~ ~ ~_ ~-~ Remit pavaent to the Raaistar of Wills with two copies of this notice to a'i~n IV r.`..~:'Ti CHECK a discount or avoid interest. or chock box "A" and return this notice to' •Raaistar ~E, ;~;7 Cv) Wills and an off iciai assassaent will be issued by the PA Department of Revenue. ~ r.~ C ONE BLOCK B. ~ Tha above asset has been or will ba reported and tax paid with the Pennsylvania Inheritance Tax return ON L Y to ba filed by the estate representative. C. ~ Tha above info r bon is incorrect and/or debts and deductions were paid. Coaplet• PART 2 and/or PART ~ below. PART If indieatina a different taz rate, please state relationship to decodant: TAX RE TURN - COMPUTATION OF TAX ON JOINT/TRUST ACCOUNTS LINE 1. Date Established 1 2. Account Balance 2 S 3. Percent Taxable 3 X 4. Amount Sublact to Tax 4 ~ 5. Debts and Detluctions 5 6. Amount Taxable 6 ~ 7. Tax Rate 7 X 9. Tax Due a S PART DEBTS AND DEDUCTIONS CLAIMED ^3 DATE P AID PAYEE DESCRIPTION AMOUNT PAID Under penalties of perjury, I declare that the facts I have reported above are true, correct snare true, correct and complete to the bolt of mY knowledge and belief. HOME C ) WORK C ) l TAXPAYER SIGNATURE TELEPHONE NUMBER DATE GENERAL INFORMATION 1. FAILURE TO RESPOND WILL RESULT IN AN OFFICIAL TAX ASSESSMENT with applicable interest based on inforaetion subwitted by the financial institution. 2. Inheritance Tax bacowes delinquent nine wonths after the decedent's date of death. 3. A joint account is taxable even when the decedent's nave was added as a wetter of convenience. 4. Accounts (including those heltl between husband and wife) the decedent put in joint naves within one veer prior to death are fully taxable. 5. Accounts •stablishad jointly between husband and wife sore than one year prior to death are not taxable. 6. Accounts held by a decedent "in trust for" another or others era fully taxable. REPORTING INSTRUCTIONS - PART 1 - TAXPAYER RESPONSE 1. BLOCK A - If the inforaetion and cowoutation in the notice are correct and deductions ere not being claiwed, place en ^X" in Block A of Pert 1 of the "Taxpayer Response" section. Sign two copies antl subait than with a check for the awount of tax to the register of wills of the county indicated. The PA Departaent of Revenue will issue an official assesswant (Fora REV-1548 EX) upon receipt of the return frog the register of wills. 2. BLOCK B - If the asset speeif ied on this notice has been or will 6e reported and tax paid with the Pennsylvania Inheritance Tax Return filed by the estate's representative. place an "X" in Block B of Part 1 of the "Taxpayer Response" section. Sign one copy and return to the register of wills of the county indicated. 3. BLOCK L - If the notice inf orwati on is incorrect and/or deductions are being elalwad, cheek Block C and cwDlete Parts 2 and 3 according to the instructions bal ow. Sign two copies and subait then with your cheek for the awount of tax payable to the register of wills of the county indicated. The PA Departaent of Revenue will issue an official assesswent (Fora REV-1545 EX) upon receipt of the return frog the register of Mills. TAX RETURN - PART 2 - TAX COMPUTATION LINE 1. Enter the date the account originally was established or titled in the wanner existing at date of death. NOTE: For a decadent who died of ter l2/12/82, accounts the decedent put in joint naves within one year of death are fully taxable. However, there is an exclusion not to exceed 13,000 per transferee, regardless of the value of the account or the nuwber of accounts held. If a double asterisk (rs) appears before your first nave in the address portion of this notice, the 03,000 exclusion was deducted frow the account balance as reported by the financial institution. 2. Enter the total balance of the account including iota re st accrued to the date of death. 3. The percentage of the account that is taxable to each survivor is deterwinetl as follows: A. The percentage tazable of joint assets established wore than one year prior to the decedent's death: 1 DIVIDED BY TOTAL NUMBER OF DIVIDED BY TOTAL HUMBER OF MULTIPLIED BY 100 = PERCENT TAXABLE JOINT DWNERS SURVIVING JOINT OWNERS Exawple: A joint asset registered in the nave of the decadent and Mo other parsons: 1 DIVIDED BY 3 (JOINT OWNERS) DIVIDED BY 2 tSURYIVORS) _ .167 X 100 = 16.7 percent (TAXABLE TO EACH SURVIVOR) B. The percentage taxable for assets created within one year of the decedent's death or accounts owned by the decedent but held in trust for another individual(s) (trust beneficiaries): 1 DIVIDED BY TOTAL NUMBER OF SURVIVING JOINT MULTIPLIED BY 100 PERCENT TAXABLE OWNERS OR TRUST BENEFICIARIES Exawple: Joint account registered in the nave of the decedent and two other persons and established within one Year of death 6y the decedent. 1 DIVIDED BY 2 (SURVIVORS) _ .50 X 100 = 50 percent (TAXABLE FOR EACH SURVIVOR) 4. The awount subject to tax (Line 4) is deterwined by wultiplvine the account balance (Line 2) by the percent taxable Cline 3). 5. Enter the total of the debts antl deductions listed in Part 3. 6. The awount taxable (Line 6) is deterwinetl by subtracting the debts and deductions (Line 5) frow the awount subject to tax (Line 4). 7. Enter the appropriate tax rate (Line 7) as detenined below. Data of Death Spouse Lineal Sibling Collateral 07/01/94 to 12/31/94 3 Percent 6 percent 15 percent 15 percent 01/01/95 to 06/30/00 0 percent 6 percent 15 percent 15 percent 07/01/00 to present 0 percent 4.5 percent ^ 12 percent 15 percent 'The Lax rate iwDOSed on the net value of transfers frow a deceased child 21 Years of age or younger at death to or for She uze of a natural parent, an adoptive parent or a stepparent of the child is 0 percent. The lineal class of heirs includes grandparents, parents, children antl other lineal descendents. "Children" includes natural children whether or not they have been adopted by others, adoptetl children and stop children. "Lineal descendents" includes all children of the natural parents and their descendents, whether or not they have been adopted by others; atlopted descendents and their descendants; and step-descendants. "Siblings" are defined as individuals who have at least one parent in eowwon with the decedent, whether 6y blood or adoption. The Collateral class of heirs includes all other beneficiaries. CLAIMED DEDUCTIONS - PART 3 - DEBTS AND DEDUCTIONS CLAIMED Allowable debts and deductions are deterwined as follows: A. You era legal lv responsible for vaywent. or the estate subject to adwinistration by a personal representative is insufficient to pay the detluctible itews. B. You actually paid the debts after the death of the decedent and can furnish proof of paywant. C. Debts being elaiwetl wust ba itewized fully in Part 3. If atltlitional space is neetletl, use B 1/2" x 11" sheet of paper. Proof of paywant way be requested by the PA Departaent of Revenue. ~- ~. f t: /` Y