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HomeMy WebLinkAbout03-20-12 (2)COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 1 71 28-0801 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT REV-1162 EXI11-961 N0. CD 015727 PARRY EDWIN 39 MICHAEL CT SHIPPENSBURG, PA 17257 ---°--- foltl ESTATE INFORMATION: ssN: t t t-z2-ssoe FILE NUMBER: 2112-0332 DECEDENT NAME: PARRY PRISCILLA DATE OF PAYMENT: 03/20/2012 POSTMARK DATE: 03/19/2012 COUNTY: CUMBERLAND DATE OF DEATH: 1 1 / 1 5/201 1 REMARKS: EDWIN PARRY SEAL CHECK#1335 ACN ASSESSMENT AMOUNT CONTROL NUMBER 101 ~ 55.81 TOTAL AMOUNT PAID: INITIALS: WZ RECEIVED BY: 55.81 GLENDA EARNER STRASBAUGH REGISTER OF WELLS REGISTER OF WILLS BUREAU OF INDIVIDUAL TAXES ~~"; PD BOX 280601 • pen~rl~~ WIRRISBUR6 PA 17128-0601 DEPAflTME'''yyyy'y'y'[[[[[[~y~yy~y~yyVVVV EEV-1543~~~~ PENNSYLVANIA INHERITANCE TAX INFORMATION NOTICE FILE N0. 21.- ~a_ ~33~ „~ ~~E ~ AND ACN 12116107 '',h,{1~STAXPAYER RESPONSE DATE 03-07-2012 ~~i1MAR20 AMiI~ 25 CLERK OF QR~HAN'S CQURT Ct~l1E3FRtAND C.0 . PA TIMOTHY PARRY 39 MICHAEL CT SHIPPENSBURG PA 17257-8129 EST. OF PRISCILLA PARRY SSN 111-22-5605 DATE OF DEATH 11-15-2011 COUNTY CUMBERLAND REMIT PAYMENT AND FORMS T0: REGISTER OF WILLS 1 COURTHOUSE SgUARE CARLISLE PA 17013 __-__ TYPE OF ACCOUNT SAVINGS ® CHECKING TRUST CERTIF. BANK OF AMERICA NA provided the department with the i nformation below, which was used in Calculating the inheritance tax due. Records indicate that at the death of the above-named decedent, you were a Point owner/beneficiary of this account. If y0U are the SpOUSe Of Lhe deceased and any amount other than zero is reflected below on the Potential Tax Due line, note no tax may be due, but you must notify the depDartment of your relationship to the deceased by checking Box C in PART 1 below and writing "spouse" in PART 2. If you believe fhe information is incorrect, please obtain written correction from the financial institution, attach a coDY to this form and return it to the above address. Please call 117-187-8327 with Questions. COMPLETE PART 1 BELOW ~ SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 002225099165 Date 02-11-1991 To ensure prover credit to the account, two Esta613shed cosies of this notice must accompany Account Balance 1 54 8 . 3 1 paym®nt to the Register of Wills. Make cheek ~ pavabla to "Register of Wills, A6ent". Percent Taxable Amount Sub~oct to Tax Tax Rate Potential Tax Due PART CHECK C ONE BLOCK ONLY ER RE NOTE: If tax pavmanis are wade within three months of the decedent's date of death, deduct a 5 percent discount on the tax due. Any inheritance tax due will become delinquent nine months after the date of death. A. ~ The above information and tax due is correct. Remit payment to the Register of Wills with two copies of this notice to obtain a discount or avoid interest, or return this notice to the Register of Wills and en official essesswant will be issued by the PA DeDa rtmant of Revenue. B. ~ The above asset has been or will be reportetl and tax paid with the Pennsylvania inheritance tax return filed by the estate representative. C. ~ The above informs ion is incorrect and/or debts and deductions were paid. Complete PART 2~ and/or PART ~ below. PART If indicating a different tax ra~t.er, mp~lease state relationship to decedent: wsw~`B TAX RETURN - CALCULATION OF TAX ON ~ ~'I TEST ACCOUNTS 5~ ~f LINE 1. Date Established 1 , 2. Account Balance 2 ~-- 3. Percent Taxable 3 X 4. Amount Subject to Tax 4 $ L 5. Debts and Deductions 5 - '" ~ 6. Amount Taxable 6 B ~ Z [~ 7. Tax Rate ~'~~ 7 x a r 8. Tax Due 8 ~ ~ i PART DEBTS AND DEDUCTIONS CLAIMED ^3 DATE PAID PAYEE DESCRIPTION AMOUNT PAID X 8.333 $ 129.02 X .15 $ 19.35 Under ponaltles of perjury. L declare that the facts I reported above are true, correct and eompleteto the best of~y xnowled8e and belief. HOME C ~ ~~ WORK C ~ 3~ 'yZ TAXPAYER SIG URE TELEPHONE NUMBER DATE GENERAL INFORMATION 1. FAILURE TO RESPOND WILL RESULT IN AN OFFICIAL TAX ASSESSMENT with avvlicable interest based on information submitted by the financial institution. 2. Inheritance tax becomes delinquent nine months of ter the decedent's date of death. 3. A joint account is taxable even when the decedent's name was adtled as a matter of convenience. 4. Accounts (including those held between husband and wife) the decedent put in joint names within one near prior to death are fully taxable. 5. Accounts establishetl jointly between husband and wife more than one year prior to death are not taxable. 6. Accounts held by a decedent "in trust for" another or others are fully taxable. REPORTING INSTRUCTIONS - PART 1 - TAXPAYER RESPONSE 1. BLOCK A - If the information and calculation in the notice are correct and deductions are not being claimed. place an "X" in Block A of Part 1 of the "Taxpayer Response" section. Sian two copies and submit them with a check for the amount of tax to the register of wills of the county indicated. The PA Department of Revenue will issue an official assessment (Form REV-1548 IX) upon receipt of the return from the register of wills. 2. BLOCK B - If the asset suet ified on this notice has been or will be reported and tax paid with the Pennsylvania inheritance tax return filed by the estate's representative, place an "X" in Block B of Part 1 of the "Taxpayer Response" section. Sign two copies and return to the register of wills of the county indicated. 3. BLOCK C - If the notice information is incorrect and/or deductions are being claimed, check Black C and complete Parts 2 and 3 according to the instructions below. Sign two copies and submit them with your check far the amount of tax payable to the register of wills of the county indicated. The PA Department of Revenue will issue an official assessment (Form REY-1548 IX) upon receipt of the return from the register of wills. TAX RETURN - PART 2 - TAX CALCULATION LINE 1. Enter the tlate the account originally was established or titled in the manner existing at date of death. NOTE: For a decadent who died of ter l2/12/82, accounts the decedent put in joint names within one year of death are fully taxable. However, there is en exclusion not to exceed t3,000 Der transferee, regardless of the value of the account or the number of accounts held. If a tlouble asterisk CES) appears before your first name in the address portion of this notice, the 03,000 exclusion was deducted from the account balance as reported by the financial institution. 2. Enter the total balance of the account including interest accrued to the date of death. 3. The percentage of the account that is taxable to each survivor is determined as follows: A. The percentage taxable of joint assets established wore than one year prior to the decedent's death: 1 DIYIOED BY TOTAL NUMBER OF DIVIDED BY TOTAL NUMBER OF MULTIPLIED BY 100 = PERCENT TAXABLE JOINT OWNERS SURVIVING JOINT UWNERS Example: A joint asset registered in the name of the decedent and two other persons: 1 DIVIDED BY 3 (JOINT OWNERS) DIVIDED BY 2 CSURV IVORS) _ .167 X 1D0 = 16.7 percent (TAXABLE TO EACH SURVIVOR) B. The percentage taxable for assets created within one year of the decedent's death or accounts owned by the decedent but held in trust for another intlividualCs) Ct rust beneficiaries): 1 DIVIDED BY TOTAL NUMBER OF SURVIVING JOINT MULTIPLIED BY 100 = PERCENT TAXABLE OWNERS OR TRUST BENEFICIARIES Example: Joint account registered in the name of the decedent and two other persons and established within one year of death by the decedent. 1 DIVIDED BY 2 (SURVIVORS) _ .50 X 100 = 50 percent (TAXABLE FOR EACH SURV IYOR) 4. Tho amount subject to tax (Line 4) is determined by multiplying the account balance Qine 2) by the percent taxable (Lino 3). 5. Enter the totalof the debts and tlaductions listed in Part 3. 6. the amount taxable Cline 6) is determined by subtracting the debts and deductions (Line 5) from the amount subject to tax (Line 4). 7. Enter the appropriate tax rate (Line 7) as determined below. Date of Death Spouse Lineal Sibling Collateral 07/01/94 to 12/31/94 3 percent 6 percent 15 percent 15 percent 01/01/95 to 06/30/00 0 percent 8 percent 15 percent 15 percent 07/01/00 to present 0 percent 4.5 percent * 12 percent 15 percent 'The tax rat' imposed on the net value of transfers from a deceased chi d 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent. Tho lineal class of heirs includes grandparents, parents, children and other lineal descendents. "Children" includes natural children whether or not they have been adopted by others, adopted children and step children. "Lineal descendents" includes all children of the natural parents and their descendants, whether or not they have been adopted by others; adopted descendents and their descendents; and step-descendants. "Siblings" era defined as individuals who have at least one parent in common with the decedent, whether by blootl or adoption. The Collateral class of heirs includes all other beneficiaries. CLAIMED DEDUCTIONS - PART 3 - DEBTS AND DEDUCTIONS CLAIMED Allwable debts and deductions are determined as follows: A. You era legally responsible for payaent, or the estate subject to administration by a personal representative is insufficient to pay the tleductible items. B. You actually paid the tlebts after the death of the decedent and can furnish proof of payaent. C. Debts being claimed must be itemized fully in Part 3. If additional space is needed, use B 1/2" x 11" shoat of paper. Proof of payaent may be requested by the PA Oepa rtment of Revenue. t YY ssv~llsamvsa ''` ~: ;: .~: N ~w W a~ ~ ~'~~ F+ M y F~E:iJ~"C~~C~ vF~' , OF i~C ~'l~~:i ~ i ; ° ,y~1} ~ L4attt1~1\24d ~i-1'~' ~~ Gt.ERK QF ORPHAN'S G4URT f,~1ME3FRI.ANF} C() , PA ~, ~ M ... ~ 3 ~ d ~ ~ o a ~ ~ v ~ ~ ~ ~ V wf M1 ~M .+ ..;.. .... .~. ... .~. ._: rt a ~.~. .;