HomeMy WebLinkAbout03-26-121
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~, ~ ~~~ ~ t ~~:.~,CE OF Pennsylvania _~ ~ -~~
BUREAU OF INDIVIDUAL TAXES LHQT~CE OF INF1ffI~~PANCE TAX DEPARTMENT OF REVENUE
INHERITANCE TAX DIVISION
PO BOX 280601 APPRAISfMEWt;' AL~LOWAN~ OR DISALLOWANCE
OF DEDUCTIONS, AND ASSESSMENT OF TAX ON REV-1548 EX AFP C12-11)
HARRISBURG PA 17128-0601 .~ ~ JQIfJdZLI(rkiEL~1,0~,.,TR~JS7 ASSETS
DATE 03-26-2012
ESTATE OF BARRON FRANKLIN J
~~E~K ~F DATE OF DEATH 01-23-2012
f~,j~~'~ ~~?~I~ILE NUMBER 21 12-0211
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~~~ C~NTY CUMBERLAND
~~~~V~"'~~I ~ ~~~~~ `~~
S N/DC 188-24-0753
CYNTHIA L BAUM ACN 12111774
1127 ATLAND DR APPEAL BY DATE:05-25-2012
MECHANICSBURG PA 17055-5365 (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 ~'1 RETAIN LOWER PORTION FOR YOUR RECORDS ~'-
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REV-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: 03-26-2012
ESTATE OF:BARRON
FRANKLIN J DATE OF DEATH:O1-23-2012
FILE NO.: 21 12-0211 S•'
TAX RETURN WAS: ( )
FINANCIAL INSTITUTION: MEMBERS
TYPE OF ACCOUNT: (X)SAVINGS
DATE ESTABLISHED 04-25-2011
Account Balance
Percent Taxable
Amount Subject to Tax
Debts and Deductions
Taxable Amount
Tax Rate
Tax Due
TAX CREDITS:
COUNTY:CUMBERLAND
5/D.C. NO.: 188-24-0753 ACN: 12111774
ACCEPTED AS FILED CX) CHANGED SEE ATTACHED NOTICE
JOINT OR TRUST ASSET INFORMATION
1ST FCU ACCOUNT NO.: 416976-00
C ) CHECKING C )TRUST C )TIME CERTIFICATE
17,544.38
X 1.000
17,544.38
- .00
17,544.38
x .045
789.50
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 C-)
AMOUNT PAID
PAYMENT MUST BE MADE BY 10-24-2012*.
TOTAL TAX PAYMENT .00
BALANCE OF TAX DUE 789.50
INTEREST AND PEN. .00
TOTAL DUE 789.50
~ 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. FF/..CI/~
e«
V-1170 EX (01-10)
~ ~ pennsylvania INHERITANCE TAX
DEPARTMENT OF REVENUE EXPLANATION
BUREAU OF INDIVIDUAL TAXES OF CHANGES
PO Box 280601
HARRISBURG PA 17128-0601
DECEDENT'S NAME FILE NUMBER
FRAMKLIN BARRON 2112-0211
REVIEWED BY ACN
Robin Graff 12111774
SCHEDULE ITEM
u~ EXPLANATION OF CHANGES
Please be advised that the execution of a joint 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 Court in 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.
This account was not held between husband and wife therefore the joint owner is
responsible for the tax. If you are claiming POA please provide signature card which
shows that you were POA only on the above noted account.
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