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HomeMy WebLinkAbout11-04-11BUREAU OF INDIVIDUAL TAXES NOTICE OF INHERITANCE TAX INHERITANCE TAX DIVISION APPR/iISEMENT, ALLOWANCE OR DISALLOWANCE PO BOX 280601 OF DEDUCTIONS, AND ASSESSMENT OF TAX ON HARRISBURG PA 17128-0601JOINTLY HELD OR TRUST ASSETS ~ -'_~ ~. ... ~'.S _Ci '~ it KERMIT M SH'O~U~J';~~"_' ~°.~~'~~ _ ~~'~ . '~A ~,; 331 RICH VALLEY RD CARLISLE PA 17015 pennsylvania ~ DEPARTMENT OF REVENUE REV-1548 EX AFP (12-10) DATE 10-03-2011 ESTATE OF SHOUN KERMIT T DATE OF DEATH 09-28-2010 FILE NUMBER t1 COUNTY C ~ER~ANIJ 1 I , SSN/DC 159-32-2735 ACN 10162486 APPEAL BY DATE:12-02-2011 (See reverse side under Objections) 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-1548 EX AFP (12-10) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF' DEDUCTIONS, AND ASSESSMENT OF TAX ON JOINTLY HELD OR TRUST ASSETS DATE: 10-03-2011 ESTATE OF:SHOUN FILE NO.: KERMIT T DATE OF DEATH:09-28-2010 COUNTY:CUMBERLAND S.S/D.C. NO.: 159-32-2735 A,CN: 10162486 TAX RETURN WAS: CX) ACCEPTED AS FILED ( ) CHANGED JOINT OR TRUST ASSET INFORMATION FINANCIAL INSTITUTION: FULTON BANK NA ACCOUNT NO.: 025-0253693 TYPE OF ACCOUNT: ( )SAVINGS ( ) CHECKING ( )TRUST (X)TIME CERTIFICATE DATE ESTABLISHED 04-05-2007 Account Balance Percent Taxable Amount Subject to Tax Debts and Deductions Taxable Amount Tax Rate Tax Due TAX CREDITS: 61,067.20 NOTE: X 0.166 10,178.07 - .00 10,178.07 y .045 458.01 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 ABOVE ADDRESS. MAKE CHECK OR MONEY ORDER PAYABLE T0: "REGISTER OF WILLS, AGENT." PAYMENT DATE RECEIPT NUMBER DISCOUNT (+) INTEREST/PEN PAID (-) AMOUNT PAID INTEREST IS CHARGED THROUGH 10-11-2011 AT THE RATES APPLICABLE AS OUTLINED ON THE REVERSE SIDE OF THIS FORM TOTAL TAX PAYMENT .00 BALANCE OF TAX DUE 458.01 INTEREST AND PEN. 3.94 TOTAL DUE 461.95 * IF PAID AFTER THIS DATE, SEE REVERSE FOR CALCULATIDN OF ADDITIONAL INTEREST. ~ IF TDTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. ~,y~~-- ~ ~~G~~z~.,~ ~ ~ ~~~ ,, ~ 1 V J n ~ G _ .~c y ~ ~~ ~ -..emu-.n- ~ L _.2~'~~ 0 ~'~ ~~ ~- , ~~ ~ Il- ~ 3 -~~ ~ ~„ ~~~~~~. _~ ~~~o ~ / / - d ~- - ~. o / C , (tires ~2,e-F~t-- ;y~ ~ G' f ~c.,c.~v~-~ ~~~ ~~ ~~~~~ ~ C~ ' ~ m-~- ~) ~, ~ ~ ~ ,~~ 1 ~ ~ ate- ` ~~.~ ~,~'~.~- ~ ~~~~~~' o3/z- ~' ~ , F/~ ~` y-y-, l ~, ~ ~,~,~ flu, ~~~~ C.~e-~.~'e `~ ~~ L ~~ ~'~ ~ ~ ~~ cs C_ .D o z.5~ a2S~~~-~ ~ =~~ ~.~ G ~~~~-~~ ~ce~- , ~ ` ~~~- v ~~ ~' L~, ~.C~ ~--, ~„~ ~~- YY ~~ ~ o a~ o.;~S3 6 ~.~ MURREL R. WALTERS, III Attorney at Law 54 East Main Street Mechanicsburg, Pennsylvania 17055-3851 (717) 697-4650 (717) 697-9395 Fax November 16, 2010 Bureau of Individual Taxes P.O. Box 280601 Harrisburg, PA 117128-0601 Re: Estate of Kermit T. Shoun ACN No.'s 10162485 and 10162486 Dear Madam/Sir: I have been retained by Alice W. Shoun relative to a notice she received from your office. Her son, Kermit M. Shoun has also spoken with me about a similar notice that he received. Copies of both notices are enclosed. This matter pertains to a Certificate of Deposit maintained with Fulton Bank which has Number 025-0253693. The certificate is in the name of Kermit T. Shoun who died September 28, 2010 and his wife, Alice W. Shoun who survives him. _ --- The son is a Power of Attorney on some accounts but he is not a joint owner on this ~'~ account. I have enclosed a co oft ewal of the certificate in question which_f--'~ onfirms t e ownership of husband and wife. Also, enclosed is a death certificate for the husband, Kermit T. Shoun. It is my opinion that no inheritance tax is due because the accowas jointly owned by husband and wife with the wife surviving. Very tru~y~i ~ /' Walters III MRW:rs cc: Kermit M. Shoun 1~bOm Bank LISTENING. CD/IRA Change of Terms Form Type of Account: ©CD ^ IRA Current Date:04/07/2008 Branch #: 328 Contact Name: LESLIE A GAUS Customer Name: KERMIT T SHOUN Tax ID Number: 159-32-2735 stomer ame: NOUN Tax ID Number: 213-20-4729 Account Number: 025-025369 SECTION 1: Change Principa Amount (must be at maturity or in grace days) Add the following amount to my matured CD $ .New principal amount $_ Withdraw the following amount from my matured CD $ .New principal amount $_ Maturity date- ___ _ _. Interest rate- _. Annual percentage yield SECTION 2: Change Product/Term/Interest Rate (must be at maturity or in grace days) Change my CD from product (name & #) 12 MONTH CD T412 with a maturity date of 04/05/2008 to new product (name & #) 36 MTH DOUBLE BUMP T488 with a new maturity date of 04/05!2011 .Principal amount $ 56614.85 New interest rate 3.05 .New annual percentage yield 3.10 .Reason code (if applicable) REL The Minimum Balance required to open this account and obtain the Annual Percentage Yield (APY) is: Interest is credited: ^ Monthly ^ Quarterly ^Serni-Annually ^ Other SECTION 3: No Penalty Product Rate Change (to change rate only on existing No Penalty CD). To change to another product/term when not at maturity, you must close current account and reopen a new account. Current interest rate .New interest rate .New annual percentage yield SECTION 4: Transfer Matured Fixed Term IRA CD to IRA Money Market or Transfer IRA Money Market to Fixed Term IRA CD (East Petersburg affiliates only) New Money Market Account # (if applicable): New Fixed Term IRA CD Account # (if applicable): I authorize and direct the transfer from my ^IRA CD or ^IRA Money Market account (a/c#) to my account ^IRA CD or ^IRA Money Market account (a/c#) of $ I understand that this represents a transfer among deposit investments within my Individual Retirement Account Plan (RID#) and the transferred funds remain subject to the IRA Custodial Agreement which governs my Individual Retirement Account Plan. I/We understand and agree that the terms and conditions of the certificate of deposit bearing the account number identified above is hereby amended to change the term, product, maturity date, and/or interest rate and annual percentage yield as set forth above. All other terms and conditions of the certificate of deposit or IRA money market account, which are not specifically amended by this CD/IRA Change of Terms Form shall continue in full force and effect. I/We have received a copy of this Change of Terms Form, the accompanying Important Information, and (except for a Certificate of Deposit that is an Individual Retirement Account) the attached Rules, including the Arbitration Agreement, and I/We agree, on behalf of all Registered Holders, to the terms and conditions thereof. Customer Signature: Customer Authorized Signature (Branch): Member FDIC FBCDIRA.RPT 03/2008 Distribution: Deposit Operations /Customer Page 1 of 7 ~~'' > ~ ~ '~j~~~ GLISTENING IS JUST THE BEGINNING.", l- u~~~ 1~,, e,~.^(:/~/L•'l~Jjzt`r-~ f('l „ _'L f~~ Fulic?n B«~nk. N.A. ~,~~ ~ _-.. ~( ~_ CIS/IRA Renewal Form Current Date: 04/07/201 1 Branch #: 0025 Customer Name(s) and Address: ALICE W SHOUN 331 RICH VALLEY RD CARLISLE PA 17015-9078 Account Number: 025-0253693 y .. ~~~ ` ~ J G ~ ~ Contact Name: Alice A Crossland (386) ___~_ Tax ID Number: 213-20-4729 '~1,~~ `~-° o c~ z ,, ~~,~~,bw.~-. ~~1,,/~~v~..-~ ~Q~ Renew my CD /IRA from T436 36 MONTH DOUBLE BUMP UP CD Current Face Amount $ 62,039.26 with a Maturity Date of 04/05/2014 maturity date of 04/07/2012 REL New Interest Rate 0.80% If applicable: New interest rate _ New interest rate to new product T464 12 Month CD Variable Rate _ with a new _ Principal amount $ 62,039.26 Reason code (if applicable) New Annual Percentage Yield 0.80% .Tier (if applicable) $ 0.55% . New Annual Percentage Yield 0.55% Tier $ 2,500.0_0 . New Annual Percentage Yield .Tier The minimum balance required to open this account and to obtain the Annual Percentage Yield (APY) is Interest is credited: Annually from Issue Date Interest Distribution Method: Add to Princ if Deposit to Account (Ck /Sav): I/We understand and agree that the terms and conditions of the certificate of deposit bearing the account number identified above is hereby amended to change the term, product, maturity date, and/or interest rate and Annual Percentage Yield as set forth above. All other terms and conditions of the certificate of deposit or IRA money market account which are not specifically amended by this CD/IRA Renewal Form shall. continue in full force and effect. I/We have received a copy of this CD/IRA Renewal Form, the accompanying Important Information, and (except for a Certificate of Deposit that is an Individual Retirement .Account) the attached Rules, including the Arbitration Agreement, and I/We agree, on behalf of all Registered Holders, to the terms and conditions thereof. Customer Signature: Customer Signature: Authorized Signature (Branch): Member FDIC Date: Date: Customer Copy FBCDREN.RP? 12/2010 PENNSYLVANIA INHERITANCE TAX INFORMATION NOTICE BUREAU OF INDIVIDUAL TAXES AND F I L E Po Box 2BOSO1 TAXPAYER RESPONSE ACN HARRISBURG PA 17128-0601 REV-1543 E% AFP (OB-08) DAT E N0. 21 10162486 I1-02-2010 EST. OF KERMIT T SHOUN SSN 159-32-2735 DATE OF DEATH 09-28-2010 COUNTY CUMBERLAND REMIT PAYMENT AND FORMS T0: KERMIT M SHOUN REGISTER OF WILLS 331 RICH VALLEY RD 1 COURTHOUSE SQUARE CARLISLE PA 17015 CARLISLE PA 17013 TYPE OF ACCOUNT ^ savlNGs ^ CHECKING ^ TRUST CERTIF. FULTON BANK NA provided the Department with the information below, which has been used :in calculating the potential tax due. Records indicate that at the death of the above-named decedent, You were a joint owner/beneficiary of this account. If you feel the information is incorrect, please obtain written correction from the financial institution, attach a copy to this form and return it to the above address. This account is taxable in accordance with the Inheritance Tax laws of the Commonwealth of Pennsylvania. Please call (717) 787-8327 with questions. COMPLETE PART 1 BELOW * SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 025-0253693 Date 04-05-2007 To ensure proper credit to the account, two Established copies of this notice must accompany Account Balance $` 61 % 067.20 payment to the Register of Wills. Make check payable to "Register of Wills, Agent". Percent Taxable X 16.667 Amount Subject to Tax $ l U r 178.07 NOTE: If tax payments are made within three months of the decedent's d+3te of death, Tax Rate ~( .045 deduct a 5 percent discount on the tax due. Potential Tax Due g 458.01 Any Inheritance Tax due wi:Ll become delinquent nine months after the date of death. PART TAXPAYER RESPONSE A. ^ The above information and tax due is correct. Remit payment to the Register of Wills with two copies of this notice to obtain C H E C K a discount or avoid interest, or check box "A" and return this notice to the Register of 0 N E Wills and an official assessment will be issued by the PA Department of Revenue. BLOC K ~ g, ^ The above asset has been or will be reported and tax paid with the Pennsylvania I 0 N L Y to be filed by the estate representative. nhe~ritance Tax return PART If i....~,.a«„y ., uarrerenc tax rate, please state relationship to decedent: `OF~I~IAi.~ 1J$~t( [j'~" ~~ TAX RETURN - COMPUTATION LINE 1. Date Established 2. Account Balance 3. Percent Taxable 4. Amount Subject to Tax 5. Debts and Deductions 6. Amount Taxable 7. Tax Rate 8. Tax Due PART DATE PAID PAYEE y OF TAX ON JOINT/TRUST ACCOUNTS PAD - ~'~ '~ 1 ~ ... 2 $ `. X ~ ~ 3 ~' 4 ~` ~ 5 - ~ "`"' F ~ ~_ ' ~ ~` DEBTS AND DEDUCTIONS CLAIMED DESCRIPTION AMOUNT PAID TOTAL (Enter on Line 5 of Tax Computation) g Under penalties of perjury, I declare that the facts I have reported above are true, correct and complete to the best of my knowledge and belief. HOME C ) WORK ( ) TAXPAYER SIGNATURE TELEPHONE NUMBER neT'F C. ^ The above informs ion is incorrect and/or debts and deductions were paid. Complete PART ~2 and/or PART 3^ below. NOTICE OF INHERITANCE TAX pennsyLvania ~ BUREAU OF INDIVIDUAL TAXES DEF~ARTMENT OF REVENUE INHERITANCE TAX DIVISION APPRAISEMENT, ALLOWANCE OR DISALLOWANCE PO BOX 280601 OF DEDUCTIONS, AND ASSESSMENT OF TAX ON REV-1548 IX AFP (12-10) HARRISBURG PA 17126-0601 JOINTLY HELD OR TRUST ASSETS DATE 10-03-2011 ESTATE OF SHOUN KERMIT T DATE OF DEATH 09-28-2010 FILE NUMBER ALICE W SHOUN 331 RICH VALLEY RD CARLISLE PA 17015 COUNTY CUMBERLAND SSN/DC 159-32-2735 ACN 10162485 APPEAL BY DATE:12-02-2011 (See reverse side under Objections) Amount Remitted ~ -l 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 F~ RE=V-1548 EX AFP C12-10)-------------------------------------------------------------------- NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE 01= DEDUCTIONS, AND ASSESSMENT OF TAX ON JOINTLY HELD OR TRUST ASSETS DATE: 10-03-2011 ESTATE OF:SHOUN KERMIT T DATE OF DEATH:09-28-2010 COUNTY:CUMBERLAND FILE NO.: S.S/D.C. NO.: 159-32-2735 /1CN: 10162485 TAX RETURN WAS: CX) ACCEPTED AS FILED C ) CHANGED JOINT OR TRUST ASSET INFORMATION FINANCIAL INSTITUTION: FULTON BANK NA ACCOUNT NO.: TYPE OF ACCOUNT: C )SAVINGS ( ) CHECKING C )TRUST DATE ESTABLISHED 04-05-2007 Account Balance Percent Taxable Amount Subject to Tax Debts and Deductions Taxable Amount Tax Rate Tax Due TAX CREDITS: 61,067.20 X 0.166 10,178.07 - .00 10,178.07 y .00 .00 025-0253693 ()U TIME CERTIFICATE NOTE: TO ENSURE PROPER CREDIT TO YOUR ACCOUNT,, SUBMIT THE UPPER PORTION OF THIS NOTICE WITH YOUR TAX PAYMENT TO THE REGISTER OF p1ILLS AT THE ABOVE ADDRESS. MAKE CHECK OR MONEY ORDER PAYABLE T0: "REGISTER OF WILLS, AGENT." PAYMENT DATE RECEIPT NUMBER DISCOUNT C+) INTEREST/PEN PAID (-) AMOUNT PAID TOTAL TAX PAYMENT .00 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 TOTAL DUE .00 * IF PAID AFTER THIS DATE, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. • PENNSYLVANIA INMERITa~NCE TAX ' INFORFIATION NOTICE BUREAU OF INDIVIDUAL TAXES AND F I L E Pa Box 280601 TAXPAYER RESPONSE ACN HARRISBURG PA 17128-0601 DATE REV-1543 E% AFP (08-OB) NO. 21 10162485 11-02-2010 EST. OF KERNIIT T SHOUN SSN 159-32-2735 DATE OF DEATH o9-28-2010 COUNTY CUMBERLAND REMIT PAYMENT AND FORMS T0: ALICE W SHOUN 331 RICH VALLEY RD CARLISLE PA 17015 REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE PA 17013 TYPE OF ACCOUNT SAVINGS CHECKING TRUST CERTIF. FULTON BANK NA provided the Department with the information below, which has been used in calculating the potential tax due. Records indicate that at the death of the above-named decedent, you were a joint owner/beneficiary of this account. If you feel the information is incorrect, please obtain written correction from the financial institution, attach a copy to this form and return it to the above address. T"his account is taxable in accordance with the Inheritance Tax laws of the Commonwealth of Pennsylvania. Please call (717) 787-8327 with ~uestinns. COMPLETE PART 1 BELOW * SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 025-0253693 Account Balance Percent Taxable Date 04-05-2007 Established $ 61,067.20 X 50.000 To ensure proper credit to the account, two copies of this notice must accompany payment to the Register of Wills. Make check payable to "Register of Wills, Agent". 30,533.60 NOTE: If tax payments are made within three Amount Subject to Tax $ months of the decedent's date of death, Tax Rate ~( ~ 15 deduct a 5 percent discount on the tax due. Any Inheritance Tax due will become delinquent Potential Tax Due $ 4,580.04 nine months after the date of death. PART TAXPAYER RESPONSE 1^ ~-xc rn ~~~:~.~._R~~r r~ ~l ~c~t~u.e~'Ait`ASss~r A. ^ The above information and tax due is correct. Remit payment to the Register of Wills with two copies of this notice to obtain C H E C K a discount or avoid interest, or check box "A" and return this notice to the Register of 0 N E Wills and an official assessment will be issued by the PA Department of Revenue. [ ~ B L 0 C K 0 N L Y B. ~ The above asset has been to be filed by the estate or will be reported and tax paid with the Pennsylvania Inheritance Tax return representative. C. ~ The above informs ion is Complete PART 2~ and/or incorrect and/or debts and deductions were paid. PART 3~ below. PART If indicating a different relationship to decedent: tax rate, please state ~ ,, ~ ;~ 4 ~ ~ F , ~ ~~ ~~ ~~~~ TAX RE TURN - COMPUTATION OF TAX ON JOINT/TRUST ACCOUNTS A,Afk ~ 5' ~ "' -» LINE 1. Date Established 1 . w 1 .. . ~. ,. •~ ~ --~_ 2. Account Balance 2 $ 2 ~~y'~'' '?". 3. Percent Taxable 3 X 3 ~-,> •^,~ 7ky~s .sis ^ 4. Amount Subject to Tax 4 +~ ,~ .~ . . . ~r,,'`_ - .s '; :'fir :,ray. '%;~t 5. Debts and Deductions 5 - ~ , i'.~ ~ ~w ",,~s ~- s ." ~,.'.` 6. Amount Taxable 6 $ : ~ ;;~'t ~' b~l`?;: ~ ~~' ~ =.'>;;._ 7. Tax Rate 7 X ~ ~ °'' .~ , `it`~Y ~t ~ a~' 3&r^ta~~x,ttr` 8. Tax Due 8 $ .-,~ • ..r , `,.e;~, a iJr',« - PART ^3 DEBTS AND DEDUCTIONS CLAIMED DATE PAID PAYEE DESCRIPTION AMOUNT PAID w:,4~ i~ncer on a ne ~ or pax Computation) S Under penalties of perjury, I declare that the facts I have reported above are true, correct and complete to the best of my knowledge and belief. HOME C WORK C TAXPAYER SIGNATURE TELEPHONE NUMBER DATE