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HomeMy WebLinkAbout03-25-11 (2), ,-~ NOTICE OF INHERITANCE TAX pennsylvaniam . BUREAU DF INDIVIDUAL TaxES APPRAIS'~MENT, ALLOWANCE OR DISALLOWANCE DEiPARTMENTOFREVENUE INHERITANCE TAX DIVISION OF ~)EDUCTIONS AND ASSESSMENT OF TAX RE'V-1547 EX AFP (12-10) PO BOX 280601 HARRISBURG PA 17128-0601 DATE 03-07-2011 ESTATE OF GEORGE BEVERLY A - -- DATE OF DEATH 02-11-2010 _ FILE NUMBER 21 10-0265 COUNTY CUMBERLAND GEORGE F DOUGLAS' IIL ESQ ,, ACN 101 354 ALEXANDER SPRING RD APPEAL DATE: 05-~D6-2011 C A R L I S L E P A 17 013 ( See reverse side under Ob jec°tions ) 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 ~- ------------------------------------------------------------------------------------------- REV-1547 EX AFP C12-10~ NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF: GEORGE BEVERLY AFILE N0.:21 10-0265 ACN: 101 DATE: 03-07-2011 TAX RETURN WAS: ( ) ACCEPTED AS FILED ( X) CHANGED SEE ATTACHED NOTICE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) (1) .00 NOTE: To ensure proper 2. Stocks and Bonds (Schedule B) (2) .00 credit to your account, 3. Closely Held Stock/Partnership Interest (Schedule C) (3) 121,78 2.$ 5 submit the upper portion of this form with your 4. Mortgages/Notes Receivable (Schedule D) (4) .00 tax payment. 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) C5) .00 6. Jointly Owned Property (Schedule F) (6) .00 7. Transfers (Schedule G) (7) 103, 386.91 8. Total Assets (B) 225, 169.76 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (q) 21,16 0.70 10. Debts/Mortgage Liabilities/Liens (Schedule I) C10) 10.149.86 11. Total Deductions (11) 31,310.56 12. Net Value of Tax Return (12) 193,859.20 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) .00 14. Net Value of Estate Subject to Tax (14) 193,859.20 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: 15. Amount of Line 14 at Spousal rate (15) 124,934.59 X 00 - .00 16. Amount of Line 14 taxable at Lineal/Class A rate (16) 68.924 _ 6l x 045 = 3, 101.61 17. Amount of Line 14 at Sibling rate C17) .00 X 12 = .00 18. Amount of Line 14 taxable at Collateral/Class B ra te (18) .00 X 15 - .00 19. Principal Tax Due (19)= 3, 101.61 TAX CREDITS: PAYMENT RECEIPT DISCOUNT (+) DATE NUMBER INTEREST/PEN PAID C-) AMOUNT PAID INTEREST IS CHARGED THROUGH 03-22-2011 AT THE RATES APPLICABLE AS OUTLINED ON THE REVERSE SIDE OF THIS FORM * IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. TOTAL TAX PAYMENT _ .00 BALANCE OF TAX DUE _ 3,101.61 INTEREST AND PEN. 37.66 TOTAL DUE 3,139.27 IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE-SIDE OF THIS FORM FOR INSTRUCTIONS. REV-1470 EX )6-88) r.~` INHERITANCE TAX ~'~ EXPLANATION COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE OF CHANGES BUREAU OF INDIVIDUAL TAXES PO Box 280601 HARRISBURG PA 17128-0601 DECEDENT'S NAME FILE NUMBER GEORGE, BEVERLY A 2110-0265 REVIEWED BY ACN Bryan Rondon 101 ITEM SCHEDULE NO. EXPLANATION OF CHANGES G 1. 401(K) Plan is anon-probate asset and it is fully taxable. Because of the nature of the asset, it passes outside of the estate right to the beneficiaries. One-third (1/3) of the plan subject to tax at the spousal rate of 0%. Two-thirds (2/3) of the plan subject to tax at the lineal rate of 4.5%. Row Page 1