HomeMy WebLinkAbout01-26-99~~ Y,~9 - ~ ~ COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
G
!(M(EAU OF INDIVIDUAL TAXES
INHERITANCE 7AR DIVISION NOTICE OF INHERITANCE TAX
DEPT. 280601
t1ARRISDUR6, PA 17128-0601 APPRAISEMENT, ALLONANCE OR DISALLOMANCE
OF DEDUCTIONS AND ASSESSMENT OF TAX ~_~~ ~ u, ~~~
~~ ;;
9, MTV 01-18-1999
'~S~~ATE OF KUTULAKIS PETER N
DATE OF DEATH 08-05-1997
~9d Jt~;~ 26 f~NUNSER 21 97-0716
CUMBERLAND
STEVEN J SCHIFFMAN ESQ ACN 101
SERRATELLI ETAL ~~~'_.:
2080 LINGLESTOWN RD C:UtYt~.= ~.,+ Aaou:t Reaitted
HB6 PA 17110-1102
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG TNIS LINE - RETAIN LOWER PORTION FOR .YOUR RECORDS ~
REY-1547 EX ARP (09-97) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF KUTULAKIS PETER N FILE N0. 21 97-0716 ACN 101 DATE 01-18-1999
TAX RETURN NAS: (X) ACCEPTED AS FILED ( ) CHAINED
RESERVATION CONCERNING FUTURE INTEREST -SEE REVERSE
APPRAISED VALUE OF RETURN BASED ONs ORIGINAL RETURN
1. Real Estate (Sohedula A) (1) 24.000.00 NOTE: To insure proper
2. Stocks and lands (Schedule d) (2) .00 credit to your acoant,
3. Cloply IMld Stook/Partnarahip Intar•st (ScMdula C) [3) .00 subait tM upper portion
4. Mortyayas/Nctes Rawiwble (ScMelule D) (4) .00 of this forty with your
5. Cash/lank Deposits/Miso. Personal Property (Schedule E) (b) 184.484.82 tax payaent.
b. Jointly Owned Property (Sd:edule F) (b) .00
7. Transfers (Saheduie C) (7) 8.989.79
a. Total Assts (a) 217,474.61
APPROVED DEDUCTIONS AND EXEMPTIONS:
9.
Funeral Expenaes/Ad.. Costs/Misc. Expenses (Schedule H)
(9) 45,500.50
10. Debts/Ilortyepe Liabllities/Li~ns (Schedule I) (10) 308(432.91
11. Total Deductions (11) ; ~; - 9;; - 41
12. Net Vsiw of Tax Return (12) 136, 458.80-
13. Charitable/Qowrrwntal lequests~.Non-elected 9113 Trusts (SeMdule J) (13) .00
14. Net Valw of Estate Subject to Tax (14) 136,458.80-
NOTE: If sn asaass^ent ras issued previously, lines 14, 15 end/or 16, 17 end 18 rill
redact figures that include the total of ALL returns assessed to date.
ASSESSMENT OF TAX:
16. Aaaunt of Line 14 at Spoupl rate (15) . 00 X . 00= . 00
16. A,xwnt of Line 14 taxable st Linpl/Class A rate (16) . 00 X . 06= . 00
17. Aawnt of Line. 14 taxable at Collateral/Class !rate (17) •00 g .15= .00
la. Principal Tax Dw (18) .00
TAX CREDITS:
PAYMENT
DATE RECEIPT
NUMBER DISCOUlIT (+)
INTEREST/PEN PAID (-) AMOVMT PAID
TOTAL TAX CREDIT .00
BALANCE OF TAX DUE .00
INTEREST AND PEN. ~ .00
TOTAL DUE .00
^ IF PAID AFTER DATE IIB)ICATED, SEE REVERSE ( IF TOTAL DUE IS LESS THAN il, NO PAYlIENT IS RE(iUIRED.
FOR CALCULATION OF AIDITIOIIAL INTEREST. IF TOTAL DUE IS !EF{.fCTED AS A "CREDIT" (CR), YOU MAY lE DUE
A REFUND. SEE REVERBE SIDE OF THIS FOAM FOR INSTRUCTIONS J
RESERVATION: Estates of deoadents dYlaD en or beforo DaaMBar 12, 1902 -- if aror fuLw interest in tM estab Ss transferred
in possession or en3oyar:t toCless D~(collabral).banafieiarias of tM deoa0n(t after tM e:~iretian of aroresteto for
life or for yaws, the Coaaaa(OOith hereby expressly resrrwes the riy(t to appreise and asms transfer I[Orritanw Texas
at tlw lsrful Class B (eoilataral) rob an arar suoh Iwturo interest.
PURPOSE OF
NOTICE: To fu1f311 tfw requfreasnta of Section 2140 of the INwritanco andEstate Tax Act, Aet 21 of 1995. C72 P.S.
Section 9140).
PAYMEM: Detach the top Portion of this Notice and subait..with ya,r psywnt to tM ReOister of Nills printed on tM reverse side.
--Make cheek or annoy order payable to: RSCliB'P6R OF NILlS, AOBR1'
REFUND [CR): A refund of a tax credit, which was not requested on t(w Tax Return, aey b• requested by oo~letirNl an.^Applleetian
for Refund of Pemsylvania IrOaritance and Estate Tax^ CREV-1313). Applfcatio:uc aro available at tlw Offioe
of the Ro0lster of Nills, ntlr of 11(e 23 Rsven:w District Offices, or by pilin0 tM spacial 24-hour
answsrin0 arviw :aaMrs for foss orderin0: In Pemsylvenie 1-800-362-2050, outside Paosylvania and
rithin local Hsrriabur0 arw (7177 787-8094, 7DD0 (717) 772-2252 (Hearin0 Iapaired Only).
OBJECTIONS: Any party in interest :rot satisfied wlth tM appreiaaaent, allawenoe or diseliorr:oe of de(luotio[ac, or assessaent
of tax CSneludin0 dfseant or interost) as shown on this Motice oust oDieet within sixty (60l days of receipt of
this Notice by:
--written protest to tM PA Depsrtaent of Revenw, Boats of Appeals, Dapt. 201021, Igrrisbur0, PA 17120-1021, OR
--election to have tlw setter deteroi(wd at audit of the eeco:s:t of tM persons) npresentatiw, OR
--appeal to ttw Orphans' Court.
AOMIN
ISTRATIVE
CORRECTIONS: Foetus) errors discovered on this assessaent should be eddrossed in writing to: PA Departaent of Revenue,
Bureau of Individual Taxes, ATTN: Post Assessaent Revier Unit, Dept. 280601, Nsrrfsbur0, PA 17120-0601
Phone C717) 787-6505. Sw paps 5 of tM booklet ^Instruetiar:s for IrOwritanoe Tax Return for a RosideM
Decadent" (REV-1501) for an explr:etion of adsinistrotively correctable errors.
DISCOON(: If any tax duo is paid within throe (37 calerder aonths after ttw decedent's deftl4 a five percent (5X7 discount of
the tsx paid is allowed.
PENALTY: The 15X tax aanosty non-participation pomlhr is caeputad an tM total of the tax and interest assOSSOd, and not
paid beforo January 18, 19%, five first day after tM end of tM tax atlesty period. This non-participation
penalty is appealable in five sew aerrwr and fn tM tlw seas five period as you could appeal tfw tax and inbrost
that has boon es»ssed as indicated on this notice.
INTEREST: Inbrest is drrDSd be01min0 with first dsy of doli:p:w:cY, or nano (9) aonths and ono (1) dsy free the dote of
dpth, to tlw dote of payaeflt. Taxes which beeaN delinq:wnt beforo Janu•ry 1, 1%2 boar interest at tM reto of
six (6X] percent par anxa aslaulated at a daily rate of .000164. All taxes which beoaw deli::quent on anA after
January 1, 1982 will hoer interest at a rete which will vsry free Oalondsr year to caleMer yearwith that rate
smasw:ed by the PA Deperteent of Revenue. The applicable Snterost rotas for 1%2 throudi 1999 are:
Yaer Interest Rata Daily I:Merest Factor Y_ar Interact Rate Deily Interact Factor
1%2 20X .000548 1988-1991 11Y .000301
1983 16X .000438 1992 9X .000247
1984 11X .000301 1993-1994 T.C .000192
1985 13X .000356 1995-19% 9X .000247
1986 lOX .000274 1999 7X .000192
1987 9X .000247
--Interest is ealeulated as follows:
INTEREST BALABICE OF SAX DIIPAID X NDMBER OF DAYS DELIMQUtilli X DAILY INil~i FAC'lDit
--Any Notice issued after tM tax beeaaas dalinqur:t will roflect an inbrost pleulation to fifteen (15) days
beyond the date of tM assesear:t. If payeent is aade after tfie interest eoaputation dote shown on M:e
Notice, addltianel inhrost gust bo calculated.