HomeMy WebLinkAbout02-24-12
BUREAU OF INDIVIDUAL T~~~.r~{..I ) ~J'-rr/~ NOTICE OF INHERITANCE TAX
INHERITANCE TAX DIVISION r n r'- r ^ ~,fi~f'~~AISEMENT, ALLOWANCE OR DISALLOWANCE
PO BOX 280601 ~~.~>~l 3..:', ~.. ~`i1F~•B~EDUCTIONS, AND ASSESSMENT OF TAX ON
HARRISBURG PA 17128-0601 JOINTLY HELD OR TRUST ASSETS
Pennsylvania ~'~`^,~'
DEPARTMENT OF REVENUE
REV-1548 EX AFP C12-11)
~~~~ ~ ~$ ~~ F~ 2: ~p DATE o2-20-2012
CLERK QF
~tpRPHAN'S CQURT
SAMUEL L L~h1N~cr~i ~*~~~' ~"~ PA
23 PHEASANT ST
MECHANICSBURG PA 17050-3145
ESTATE OF LEIB WILLIAM
DATE OF DEATH 11-24-2011
FILE NUMBER 21 11-1361
COUNTY CUMBERLAND
SSN/DC 192-30-0490
ACN 12104023
APPEAL BY DATE:04-20-2012
(See reverse side under Objections)
Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT T0:
REGISTER OF WILLS
1 COURTHOUSE SQUARE
CARLISLE PA 17013
E
CUT ALONG THIS LINE ~'> RETAIN LOWER PORTION FOR YOUR RECORDS <"~
-------------------------------------------------------------------------------------------
REY-1548 EX AFP C12-11)
NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF
DEDUCTIONS, AND ASSESSMENT OF TAX ON JOINTLY HELD OR TRUST ASSETS
DATE: 02-20-2012
ESTATE OF:LEIB
WILLIAM E DATE OF DEATH:11-29-2011 COUNTY:CUMBERLAND
FILE NO.: 21 11-1361 S.S/D.C. NO.: 192-30-0490
ACN: 12104023
TAX RETURN WAS: ( ) ACCEPTED AS FILED (X) CHANGED SEE ATTACHED NOTICE
JOINT OR TRUST ASSET INFORMATION
FINANCIAL INSTITUTION: FARMERS 8~ MERCHANTS TRUST CO ACCOUNT NO.: 7106017
TYPE OF ACCOUNT: CX)SAVINGS ( ) CHECKING ( )TRUST C )TIME CERTIFICATE
DATE ESTABLISHED 09-25-2006
Account Balance
Percent Taxable
Amount Subject to Tax
Debts and Deductions
Taxable Amount
Tax Rate
Tax Due
TAX CREDITS:
114,750.61
X 0.500
57,375.31
- .00
57,375.31
x .12
6,885.04
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
ABOVE ADDRESS. MAKE CHECK
OR MONEY ORDER PAYABLE T0:
"REGISTER OF WILLS, AGENT."
PAYMENT
DATE RECEIPT
NUMBER DISCOUNT (+)
INTEREST/PEN PAID t-)
AMOUNT PAID
PAYMENT MUST BE MADE BY 08-30-2012*.
TOTAL TAX PAYMENT .00
BALANCE OF TAX DUE 6,885.04
INTEREST AHD PEN. .00
TOTAL DUE b,885.04
~ 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.
Rev-~a~oex~a~-~oI
~ pennsylvania INHERITANCE TAX
DEPARTMENT OF REVENUE EXPLANATION
BUREAU OF INDIVIDUAL TAXES OF CHANGES
PO Box 280601
HARRISBURG PA 17128-0601
DECEDENTS NAME FILE NUMBER
WILLIAM E LEIB 2111-1361
KtVItWtU tiY IACN
Robin Graff 12104023
SCHEDULE
EXPLANATION OF CHANGES
riease pe aavisea tnac the execution of a point tenancy contract (signature card) which
provides that all monies are payable to either surviving party is sufficient to establish
Commonwealth's right to the tax. The Supreme Courtin Olson Estate 447 PA 483 (1972)
held that under Section 241 (9108 of the Pennsylvania Inheritance and Estate Tax Act of
1995), such accounts are taxable in proportion to the number of joint tenants. The court
rejected the convenience account argument by noting that under Section 241 (9108), it is
improper to apply principles of ownership to determine the taxable portion of a joint bank
account. Joint property is taxable even though the decedent's name was added as a
matter of convenience.
Row Page 1