Loading...
HomeMy WebLinkAbout05-07-12 (3)PENNSYLVANIA INHERITANCE T INFORMATION NOTICE 6UREAU OF INDIVIDUAL TAXES PO BOX 290601 pennSylvania ~~ ~ ` I }~}'~~ HARRIS9UR6 PA 17128-0601 DEPARTMENTDFREVENUE R qY~}~j ~E S P 0 N S E REV-IS<3 FY ~FP (05-11) I I~~~L~ '~ ~~ FILE N0. 21 { ~° ` ACN 12125466 DATE 04-16-2012 ~tllYMAY -1 P~~' ~~ TESSA A ARMSTRONG SSN 578-10-9378 CLERK ~A OF DEATH 06-02-2011 OR{P~HrAN~~S~R ~+ ~- CUMBERLAND CtJMRFRI_P~;DR6~YMENT AND FORMS TD: TONI A SEMANKO REGISTER OF WILLS 818 SYCAMORE CIR 1 COURTHOUSE SgUARE CAMP HILL PA 17011-1634 CARLISLE PA 17013 TYPE OF ACCOUNT ® SAVINGS CHECKING TRUST CERTIF. PSECU provided the department with the information Gel ow, which was used in calculating the inheritance tax due. Records indicate that at the death of the above-named decedent, you were a Jot nt Owner/beneficiary of thisaccount. If y0U are the Sp0U9e Of the 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 deVartment of your relationship to the deceased by checking Box C 1n PART 1 below and writing "spouse" in PART 2. If you believe the information is incorrect, please obtain written correction from the financial institution, attach a copy to this form and return it to the above address. Please call 717-787-8327 with Questions. COMPLETE PART 1 BELOW * $EE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 05781D9378-51 Date 11-17-1992 To ensure proper credit to the account, two Established copies of this notice wust accowoaro Account Balance 4 0. 1 7 aavwent to the Register of Wills. Make cheek payable to "Register of Wills, Agent". Pa rcent Taxable X 50.000 NDTE: If tax paYwents are wade within throe Amount Subject to Tax s 2 0 . 0 9 wonths of the decedent's date of death, Tax Rata ~( 15 deduct a 5 percent discount on the tax due. Aro inheritance tax due will 6ecowe delinquent Potential Tax Due $ 3. 0 1 nine wonths after the date of death. P~T TAXPAYER RESPONSE 1 A. ~ The above inforwation and tax due is eorroet. Resit Daywent to the Register of Wills with two copies of this notice to obtain CHECK a discount or avoid interest, or return-,this-notiu to the Ragistar of Wills and 0 NE an official assesswent will be issued by the PA Doosrtwent of Revenue. BLOCK a. ~ The above asset has boon or will be reported and tax paid with the Pennsylvania inheritance tax return ONL Y filed by the estate representative. C. ~ Tha above info a ion is incorr ct and/or debts and deductions were Daitl. Cowplete PART ~ and/or PART ~ below. PART If indicating a different tax rate, pleas• state rolationship to decetlent: TAX RETURN - CALCULATION OF TAX ON JOINT/TRUST ACCOUNTS LINE 1. Data Established 1 2. Account Balance 2 ~ 3. Parcant Taxab3.e 3 X- 4. Amount Subject to Tax 4 s 5. Debts and Deductions 5 6. Amount Taxable 6 7. Tax Rate 7 X 8. Tax Due a ~` PART DEBTS AND DEDUCTIONS CLAIMED DATE PAID PAYEE DESCRIPTION AMOUNT PAID Under penalties of pariury, I dwelare that the facts I reported above era true, correct and ~(l- eomplete to the bast of my knowledge and belief. HOME C~~~ ) Z(A 2j-Z I<#~ 'L'l ~~ ~ ~cCu~4- C~ u- w~c c '- ~ ~ ) 4 3 9 - s"a ~ ~ I TAXPAYER SIGNATURE TELEPHDNE NUMBER DATE GENERAL INFORMATION I. FAILURE TO RESPOND WILL RESULT IN AN OFFICIAL TAX ASSESSMENT with applicable interest based on infpr.ation subwitted by the financial institution. 2. Inheritance tax beeowes delinquent nine wonths after the decedent's date of death. 3. A joint account is taxable oven when the decedent's nave was added as a wetter of convenience. 4. Accounts (including those heltl between husband and wife) the decedent put in joint naves within one year prior to death are fully taxable. 5. Accounts established jointly .between husband and wife wore than one year prior to death are not taxable. 6. Accounts held by a decedent "in trust for" another or others are ful lv taxable. REPORTING INSTRUCTIONS - PART 1 - TAXPAYER RESPONSE 1. BLOCK A - 1f the inforwation and calculation in the notice are correct and deductions are not being claiwed, place an "X" in Block A of Part 1 of the "Taxpayer Response" section. Sign two copies and subwit thew with a check for the awount of tax to the register of wills of the county indicated. The PA Departwent of Revenue will issue an official assesswent CForw REV-1548 IX) upon receipt of the return frow the register of wills. 2. BLOCK B - If the asset specified 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 I of the "Taxpayer Response" section. Sion two copies and return to the register of wills of the county indicated. 3. BLOCK C - If the notice inf orwation is incorrect and/or deductions are .being claiwed, check Block C and cowplete Parts 2 and 3 according to the instructions below. Sign two copies and subwit thew with your check for the awount of tax payable to the register of wills of the County indicated. The PA Departwent of Revenue will issue en official assesswent (FO rw REV-1548 IX) upon receipt of the return frow the regi star of wills. TAX RETURN - PART 2 - TAX CALCULATION LINE 1. Enter the data the account originally was established or titled in the wanner existing at date of death. NOTE: For a decedent who died of ter l2/12/92, accounts the decedent put in joint naves within one year of death are fully taxable. However, there is an exclusion not to exceed 13,000 par transferee, regardless of the value of the account or the nuwber of accounts held. If a tlouble asterisk (..) aapears before your first nave in the address portion of this notice, the 03,000 exclusion wee deducted frow 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. Tha percentage of the account that is taxable to each survivor is date rained as follows: A. The percentage taxable of joint assets established wore than one year prior to the decedent's death: 1 DIVIDED BY TOTAL NUMBER OF DIVIDED BY TOTAL NUMBER OF MULTIPLIED BY 100 = PERCENT TAXABLE JOINT OWNERS SURVIVING JOINT OWNERS Exawple: A joint asset registered in the nave of the decedent and twoother parsons: 1 DIVIDED BY i (JOINT OWNERS) DIVIDED BY 2 (SURVIVORS) _ .157 X 100 = 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 individual(s) (trust beneficiaries): 1 DIVIDED BY TOTAL NUMBER OF SURVIVING JOINT MULTIPLIED BY 100 = PERCENT TAXABLE OWNERS OR TRUST BENEFICIARIES Exawple: Joint account registered in the nave of the decedent and two other persons and established within one year of death by the decedent. 1 DIVIDED BY 2 CSURY IVORS) _ .50 X 100 = 50 percent (TAXABLE FOR EACH SURVIVOR) 4. The awount subject to tax CLina 4) is deterwinetl by wultiplyinp the account balance (Line 2) by the Dercent taxable (Line 3). 5. Enter the total of the tlebts and deductions listed in Part 3. 6. The awount taxable CLina 6) is date Wined by subtracting the debts and deductions (Line 5) frow the awount subject to tax (Line 4). 7. Enter the appropriate tau rate Cline 7) as date rained below. .The tax rate iwposed on the net value of transfers frow a deceased child 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 Dercent. The lineal class of heirs includes grandparents. parents. children and other lineal descendents. "Children" includes natural children whether or net 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; adootad descendents and their descendants; and step-descendants. "Siblings" era defined es individuals who have at least one parent in cowwon 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 Allowable debts and deductions are deterwinetl as follows: 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 6 percent 15 parcant 15 parcant 07/01/00 to Dresent 0 percent 4.5 Percent ^ 12 percent 15 percent A. You are 1e0a11v responsible for pay.ent, or the estate subject to adwinistration by a personal representative is insufficient to pay the deductible itews. B. You actually paid the debts after the death of the decedent entl can furnish proof of paywent. C. Debts being claiwed wust be itewized fully in Part 3. If additional space is needed, use B 1/2" x 11" sheet of paper. Proof of paywent ^ay be requested by the PA Departwent of Revenue.