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HomeMy WebLinkAbout03-0625CONNONNEALTH OF PENNSYLVANIA DEPARTHENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT, za0601 HARRISBURG, PA 171za-060I RI:V-I~qS FX AFP ZNFORHATZON NOTZCE AND TAXPAYER RESPONSE ACN 05127159 DATE 07-25-2005 '03 AGO-1 ANTHONY F VALENTINO q917 SHASTA WAY MECHANICSBURG PA 170~ EST. OF FIORE A VALENTIN0 S.S. NO. 197-05-qZ87 DATE OF DEATH 0~-05-Z003 TYPE OF ACCOUNT [] SAVINGS [] CHECKZNG [] TRUST :?COUNTY. CUMBERLAND [] CERTTF. REMZT PAYMENT AND FORMS TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLTSLE, PA 17013 CITIZENS BANK OF PA has provided the Department with the information listed below which has been 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. Zf you faa1 this information is incorrect, please obtain written correction from tho financial institution, attach a copy to this fora and return it to tho above address. This account is taxable in accordance Pith the Inheritance Tax Lees of the Comaoneealth of Pennsylvania. Uuestlons may be answered Dy calling [717J 787-B~7. COMPLETE PART 1 BELOW # # # SEE REVERSE SIDE FOR FZLZNG AND PAYMENT INSTRUCTIONS Ao¢oun~ No. 6100766837 Data 01-08-1988 Established Accoun~ Balance 3 0 2.0 7 Psrcen~ Taxable X 5 0.0 0 0 Amoun~c Sub~ec~ ~o Tax IS1. Oq Tax Ra~e X .15 Po~en~ial Tax Due 22.66 To insure proper credit to your account~ two El) copies of this notice must accompany your payment to the Register of Wills. Hake check payable to: "Register of Wills, Agent". NOTE: If tax payments are made within three (3) months of the decadant's date of death, you amy deduct a SZ discount of the tax due. Any inheritance tax due NiJl 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 Wills with two copies of this notice to obtain CHECK a discount or avoid interest, or you amy check box "A~ and return this notice to the Register of ~ ONE ~ Wills and an official assessment ~ill b. issued by th. PA D.parta.nt of R.v.nu.. BLOCK B. [] The above asset has been or ~ill be reported and tax paid Pith the Pennsylvania Inheritance Tax return ONLY to be filed by tho decadent'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. PART Tf you indicate a differen~ ~ax ra~asa s~a~e your rela~ionship ~o deceden~: TAX RETURN -COMPUTATZON OF TAX ON JOZNT/TRUST ACCOUNTS LZNE 1. Oa*e Established ! 2. Accoun~ Balance 2 $. Percen~ Taxable $ X e~,,~ q. Amount Subjec~ to Tax ~. Debts and Deduc~/ons 7. Tax Rate 7 X ,~ 8. T.~ Du. 8 ~, gO PART DATE PAID DEBTS AND DEDUCTIONS CLAIMED PAYEE DESCRIPTION AMOUNT PAID TOTAL (Enter on Line $ of Tax Computation) $ Under penalties of perSury, Z declare ~ha~ ~he fac~s Z have reported above are ~rus, corrac~ and coeple~, to the best of .y kno. ledge end belief. HOME (~17) 7~7--0~/~ , . WORK ( ~ ~ ~XPAYER SI~URE TELEPHONE NUHBER GENERAL INFORMATION 1. FAILURE TO RESPOND #ILL RESULT ZN AN OFFICIAL TAX ASSESSHENT eith applicable interest based on information submitted by the financial institution. Z. Inheritance tax becomes delinquent nine months after the decadent's data of death. 3. A joint account is taxable even though the decadent's name was added as a matter of convenience. 4. Accounts (including those held betaeen husband and mile) which the decedent put in joint names within one year prior to death ara fully taxable as transfers. S. Accounts established jointly between husband and mile more than one year prior to death are not taxable. 6. Accounts hold by a decedent "in trust for" another or others ara taxable fully. REPORTING INSTRUCTIONS - PART 1 - TAXPAYER RESPONSE 1. BLOCK A - If the information and computation in the notice ara correct and deductions ara not being claimed, place an "X" in block "A" of Part 1 of the "Taxpayer Response" section. Sign too copies and submit thee with your check for the amount of tax to the Register of Mills of the county indicated. The PA Department of Revenue will issue an official assess~ant (Fore REV-1548 EX) upon receipt of the return from tho Register of #ills. Z. BLOCK B - If the asset specified on this notice has been or eel1 ba reported and tax paid aith the Pennsylvania Inheritance Tax Return filed by the dacedant's representative, place an "X" in block "B" of Part 1 of the "Taxpayer Response" section. Sign one copy and return to the PA Department of Revenue, Bureau of Individual Taxes, Dept 280601, Harrisburg, PA 17128-0601 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 end according to the instructions below. Sign two copies and submit thee with your check ~or the amount of tax payable to the Register of Mills of the county indicated. The PA Department of Revenue will issue an official assessment (Form REV-1548 EX) upon receipt of the return from the Register of Hills. TAX RETURN - PART Z - TAX COMPUTATION LINE 1. Enter the date the account originally was established or titled in the manner existing et date of death. NOTE: For a decedent dying after 1Z/II/BI: Accounts which the decedent put in joint names eithin one (1) year of death ara taxable fully as transfers. However, there is an exclusion not to exceed $3,000 per transferee regardless of the value of the account er tho number of accounts hold. If a double asterisk (Ne) appears before your first naea in the address portion of this notice, the $3,000 exclusion already has been deducted from the account balance as reported by the financial institution. Enter the total balance of the account including interest accrued to the date of death. Tho percent of the account that is taxable for each survivor is determined as folloes: A. The percent taxable for joint assets established more than one year prior to tho decedont's death: 1 DIVIDED BY TOTAL NUMBER OF DIVIDED BY TOTAL NUMBER OF X 100 = PERCENT TAXABLE JOINT ONNERS SURVIVING JOINT ONNERS Example: A joint asset registered in tho name of the decedent end two other persons. I DIVIDED BY 3 (JOINT OWNERS) DIVIDED BY Z [SURVIVORS) = .167 X 100 = 16.7Z [TAXABLE FOR EACH SURVIVOR) B.The percent taxable ~or assets created within one year of the dacadont's death or accounts awned by the decedent but held in trust for another individual(s) (trust beneficiaries): I DIVIDED BY TOTAL NUHBER OF SURVIVING JOINT X 100 = PERCENT TAXABLE OHNERS OR TRUST BENEFICIARIES Example: Joint account registered in the name of the decedent and too other persons and established aithin one year of death by the decedent. 1 DIVIDED BY Z (SURVIVORS) = .SO X 100 = 50Z [TAXABLE FOR EACH SURVIVOR) The amount subject ta tax (line 4) is determined by multiplying the account balance (line Z) by the percent taxable (1ina 5. Enter the total of the debts end deductions listed in Part 3. 6. The amount taxable (line 6) is determined by subtracting the debts and deductions (line 5) free the amount subject to tax (line 7. Enter tho appropriate tax rate (line 7) as determined below. I Date of Death I Spouse Lineal Sibling Coilateral 07/01/9~ ~o 12/$1/9~ iX 6Z liX 01/01/96 ~o 06/30/00 OX 6X 07/01/00 ~o presen~ OX aThe tax rate imposed on the net value of transfers from a deceased child teenty-ane years of age ar younger at death to ar far the use of a natural parent, an adoptive parent, or a stepparent of the child is The lineal class of hairs includes grandparents, parents, children, and lineal descendents. "Children" includes natural children ehether or not they have been adopted by others, adopted children and step children. "Lineal descendents" includes all children of the nature! parents end their descendents, ahether or not they have been adopted by others, adopted descendents and their descendants and step-descendants. "Siblings" are defined as individua[s who have et least one parent in common mith the decedent, whether by b[ood or adoption. The "Collateral" class of heirs includes a~[ o~er beneficiaries. CLA~MED DEDUCTIONS PART ~ - DE~TS AND DEDUCTIONS CLAIMED Allo~able debts and deductions are determined as follo,s: A. You legally ara responsible for payment, or ~e estate subject to administration by a personal reprasentat[ve Js insufficient to pay the deductible S. You ac~a11v paid ~e debts after death of the decedent and can ~rnJsh proof of payment. C. Debts being claimed must be itemized ;uZ[y in Part ~. [; add Jr Jena( space Js needed, use p]aJn paper 8 payment may be requested by the PA Department o~ Revenue. COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF iNDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. REV-1162 EX(11-96) CD 002865 VALENTINO ANTHONY F 4917 SHASTA WAY MECHANICSBURG, PA 17050 ........ fold ESTATE INFORMATION: SSN: 197-03-4287 FILE NUMBER: 21 03-0625 DECEDENT NAME: VALENTINO FIORE A DATE OF PAYMENT: 08/01/2003 POSTMARK DATE: 07/31/2003 COUNTY: CUMBERLAND DATE OF DEATH: 04/05/2003 ACN ASSESSMENT CONTROL NUMBER AMOUNT 03127159 $6.80 REMARKS' TOTAL AMOUNT PAID: ANTHONY F VALENTINO $6.80 SEAL CHECK# 534 INITIALS: AC RECEIVED BY: DONNA M. OTTO DEPUTY REGISTER OF WILLS REGISTER OF WILLS BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG, PA 17128-0601 ANTHONY F VALENTINO. 4917 SHASTA WAY HECHANICSBURG PA 17050 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRATSENENT. ALLOWANCE OR DTSALLONANCE OF DEDUCTION~, AND ASSESSMENT OF TAX ON JOINTLY HELD OR TRUST ASSETS DATE 12-08-2003 ESTATE OF VALENTINO DATE OF DEATH 04-05-2003 FILE NUMBER 21 03-0625 COUNTY CUMBERLAND -.. .. SSN/DC 197-03-4287 ACN 03127159 Amount Remitted REV-15~8 EX AFP C01-05) FIORE A MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUHBERLAND CO COURT HOUSE CARLISLE, PA I7015 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ REV-1548 EX AFP C01-03) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS, AND ASSESSMENT OF TAX ON JOINTLY HELD OR TRUST ASSETS DATE 12-08-2005 ESTATE OF VALENTINO FIORE A DATE OF DEATH 04-05-2003 COUNTY CUMBERLAND FILE NO. 21 05-0625 S.S/D.C. NO. 197-05-4287 ACN 05127159 TAX RETURN NAS: CX) ACCEPTED AS FILED C } CHANGED JOINT OR TRUST ASSET INFORMATION FINANCIAL INSTITUTION: CITIZENS BANK OF PA ACCOUNT NO. 6100766837 TYPE OF ACCOUNT: ( ) SAVINGS (~ CHECKING ( } TRUST ( } TIME CERTIFICATE DATE ESTABLISHED 01-08-1988 Account Balance Percent Taxable Amount Subject to Tax Debts and Deductions Taxable Amount Tax Rate Tax Due TAX CREDITS: 302.07 0.500 151.04 °00 151.04 .45 &.80 NOTE: TO INSURE 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 TO: "REGISTER OF WILLS, AGENT." PAYMENT RECEIPT DISCOUNT C+) DATE NUMBER INTEREST/PEN PAID (-) AMOUNT PAID 07-31-2003 CD0028~5 .00 6.80 TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE [F PAID AFTER THIS DATE, SEE REVERSE FOR CALCULATION OF ADD]'TI'ONAL I'NTEREST. ~ C I'F TOTAL DUE IS LESS THAN ~:1, NO PAYNENT IS REQUTRED. IF TOTAL DUE 'rs REFLECTED AS A "CRED'rT" (CA), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR ]'NSTRUCTIONS. ) 6.80 .00 .00 .00 PURPOSE OF NOTICE= PAYNENT: REFUND (CRI= OBJECTIONS= ADMIN- ISTRATIVE CORRECTIONS= DISCOUNT: PENALTY: INTEREST= To fulfill the requirements of Section 2140 of the Inheritance and Estate Tax Act, Act 25 of 2000. (72 P.S. Section 9140). Detach the top portion of this Notice and submit with your payment to the Register of Nills printed on the reverse side. -- Make check or money order payable to: REGISTER OF NILLS, AGENT. A refund of a tax credit, which was not requested on the tax return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-ISIS). Applications are available at the Office of the Register of Nills, any of the 25 Revenue District Offices or by calling the special 24-hour answering service for forms ordering= 1-800-562-2050; services for taxpayers with special hearing and or speaking needs: 1-800-447-3020 (TT only). Any party in interest not satisfied with the appraisement, allowance, or disallowance of deductions or assessment of tax (including discount or interest) as shown on this Notice may object within sixty (60) days of receipt of this Notice by: --written protest to the PA Department of Revenue, Board of Appeals, Dept. 281021, Harrisburg, PA 17128-1021, OR --electing to have the matter determined at the audit of the account of the personal representative, OR --appeal to the Orphans° Court Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, DEPT. 280&01, Harrisburg, PA 17128-0601 Phone C717) 787-6505. See page 5 of the booklet °*Instructions for Inheritance Tax Return for a Resident Decedent" CREV-1501) for an explanation of administratively correctable errors. If any tax due is paid within three (3) calendar months after the decedent's death, a five percent discount of the tax paid is allowed. The 15X tax amnesty non-participation penalty is computed on the tota! 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, 1982 bear interest at the rate of six (6X) percent per annum ca!culated at a daily rate of .000]64. A!l taxes which became delinquent on or after January 1, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicab!e interest rates for 1982 through 2003 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 20~ .000548 1987 9X .000247 1999 7~ .000192 1985 16X .000438 1988-1991 11X .000301 2000 8~ .000219 1984 11X .000301 1992 9~ .000247 2001 9X .000247 1985 13~ .00035& 1993-1994 7X .000192 2002 ~ .000164 1986 10~ .000274 1995-1998 9~ .000247 2003 5~ .000137 --Interest is calculated as follows: TNTEREST = BALANCE OF TAX UNPATD X NUNBER OF DAYS DEL/NQUENT X DAXLY XNTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest computation date sho~n on the Notice, additional interest must be calculated.