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HomeMy WebLinkAbout04-27-11INHERITANCE TAX ~ r. r,.~ - RECORD ADJUSTMENT `JOINTLY HELD OR TRUST ASSETS BUREAU OF INDIVIDUAL TAXES ~O INHERITANCE TAX DIVISION i -'_ _. _ ._. i _. , ;,j PO BOX 260601 HARRISBURG PA 17128-0601 C~11DiCi~ i,~i~;' ~F ROBERT W HATTEN 6 LOCKWOOD DR ENOLA PA 17025 Pennsylvania DEPARTMENT OF REVENUE REV-1604 EX AFP (12-10) DATE 04-14-2011 ESTATE OF HATTEN EARL R DATE OF DEATH 03-22-2006 FILE NUMBER 70 0352945 - ~f'`i ~ -t.7(,; !~ COUNTY CUMBERLAND SSN/DC 380-22-5954 ACN 06133010 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 YOUR RECORDS t~ ------------------------------------------------------------------------------------------------------------------------------------------------------------------ REV-1604 EX AFP C12-10) ** INHERITANCE TAX RECORD ADJUSTMENT JOINTLY HELD OR TRUST ASSETS *~ DATE: 04-14-2011 ESTATE OF: HATTEN EARL R DATE OF DEATH: 03-22-2006 COUNTY: CUMBERLAND FILE NO.: 70 0352945 S.S/D.C. N0.:380-22-5954 ACN: 06133010 ADJUSTMENT BASED ON: ADMINISTRATIVE CORRECTION JOINT OR TRUST ASSET INFORMATION FINANCIAL INSTITUTION: COMMERCE BANK ACCOUNT NO.: 537223802 TYPE OF ACCOUNT: C ) SAVINGS CX) CHECKING ( ) TRUST C ) TIME CERTIFICATE DATE ESTABLISHED 01-15-2006 Account Balance Percent Taxable Amount Subject to Tax Debts and Deductions Taxable Amount Tax Rate Tax Due TAX CREDITS: 37,173.41 X 1.000 37,173.41 .00 37,173.41 X .045 1,672.80 NOTE: TO ENSURE PROPER CREDIT TO YOUR ACCOUNT, SUBMIT THE UPPER PORTION OF THIS NOTICE WITH YOUR TAX PAYMENT TO THE REGISTER OF WILLS AT THE ADDRESS SHOWN ABOVE. MAKE CHECK OR MONEY ORDER PAYABLE T0: "REGISTER OF WILLS, AGENT." PAYMENT DATE RECEIPT NUMBER DISCOUNT C+) INTEREST/PEN PAID (-) AMOUNT PAID 12-15-2010 AMNP PEN 103.74 .00 NOTE: AMNESTY NP ENALTY ASSESSED INTEREST IS CHARGED THROUGH 04-29-2011 TOTAL TAX PAYMENT .00 AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX DUE 1 672.80 REVERSE SIDE OF THIS FORM INTEREST AND PEN. 525.03 TOTAL DUE + IF PAID AFTER THIS DATE, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" CCR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. ~f V REV-147^~ , (01-t0~ ~ ` pennSylvan~a INHERITANCE TAX DEp~R-rr~t~Nr °F t~~t,~t=NUE EXPLANATION Bur~~AU of Irior~~ru~~ ~AxES OF CHANGES PO Box 280601 HARRISBURG PA 17128-0601 DECEDENT'S NAME FILE NUMBER Earl R. Hatten 21/380-22-5954 REVIEWED BY ACN Steven James 06133010 ITEM SCHEDULE NO, EXPLANATION OF CHANGES Based on the information provided by the joint account owner, the joint owner is the decedent's son, therefore the tax rate has been adjusted to the lineal rate of 4.5%. The information from the bank indicated that the account was made joint on January 15, 2006 which was within one (1) year of the decedent's date of death. Joint tenancies created within one (1) year of the decedent's date of death are 100% taxable to the extent that they exceed $3,000 at the time of the transfer. This $3,000 exclusion was given on the account as the balance of the account on the date of death was reported by the financial institution as $40,173.41 and the tax was computed on the lesser amount of $ 37,173.41. RnW P'JnP 1