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Home My WebLink About05-22-12,r . • NOTICE OF INHERITANCE TAX ~''~ ~'~~ ~'ICPPR{p~I~~ ~IYENT, ALLOWANCE OR DISALLOWANCE BUREAU OF INDIVIDUAL TAXE~ ~ ' '- - a~ `pE UCTIONS AND ASSESSMENT OF TAX INHERITANCE TAX DIVISION ~' PO BOX 280601 ~ ~~-~ ~ ~-~ ~ i , ._ ~..~J HARRISBURG PA 17128-0601 ^. ~.. ~ . _ ~ .•~~l ter. f .~ i' ~. .., G' MARIELLE F H~~~+'~~~~f~;"j ;~~j, "~ STE 202 2000 LINGLESTOWN RD HARRISBURG PA 17110 pennsylvania i DEPARTMENT OF REVENUE REV-1547 EX AFP (12-11) DATE 05-14-2012 ESTATE OF BOAK BARBARA J DATE OF DEATH 02-14-2011 FILE NUMBER 21 11-0226 COUNTY CUMBERLAND ACN 101 APPEAL DATE: 07-13-2012 (See reverse side under Objections) Amount Remitted MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE PA 17013 CUT ALDN_G THIS LINE _'-'-1 R_ETA_IN LOWER POR_TION_-FOR-YOUR-RECORDS- F____________________ REV-1547 EX AFP C12-11~ NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX CCTATC' nC. unel[ BARBARA JFILE ND.:21 11-0226 ACN: 101 DATE: 05-14-2012 TAX RETURN WAS: ( ) ACCEPTED AS FILED C X) CHANGED SEE ATTACHED NOTICE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN (1) 545,000.00 NOTE: To ensure proper 1. Real Estate (Schedule A) 708,708.65 3 credit to your account, 2. Stocks and Bonds (Schedule B) (2) , 00 submit the upper portion 3 Closely Held Stock/Partnership Interest (Schedule C) (3) . of this form with your . D) d l I4) • 00 tax payment. 4. u e Mortgages/Notes Receivable (Sche (Schedule E) t P (5) 44,869.84 5 y roper Cash/Bank Deposits/Misc. Personal . (6) 120,574.48 6 Jointly Owned Property (Schedule F) . (7) 50,000.00 7. Transfers (Schedule G) c8) 4,469,152.97 8. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) ~9) ~i2.4 37.67 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 21,494.06 73,931.73 11. Total Deductions cll) 395, 221 .24 4 12. Net Value of Tax Return (12) , 0 0 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) . (14) 4,395,221.24 14. Net Value of Estate Subject to Tax NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will reflect figures that include the total of ALL returns assessed to date . ASSESSMENT OF TAX: 00 = 0 0 .00 15. Amount of Line 14 at Spousal rate (15) . X = 00 16. Amount of Line 14 taxable at Lineal/Class A rate (16) .00 x 04 5 . 17. Amount of Line 14 at Sibling rate c17) 4.375.2_21.24 X 12 = 525,026.55 te B C18) 20, 000.00 X 15 = 3, 000.00 Amount of Line 14 taxable at 18 ra Collateral/Class . (19)= 528,026.55 19. Principal Tax Due TAX CREDITS: PAYMENT RECEIPT DISCOUNT C+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID C-) 05-09-2011 CD014455 24,473.b8 465,000.00 11-10-2011 CD015202 .00 32,187.35 02-22-2012 CD015621 29.59- 6,395.11 BALANCE OF UNPAID INTEREST/PENALTY AS OF 02-23-2012 TOTAL TAX PAYMENT 528,026.55 BALANCE OF TAX DUE .00 INTEREST AND PEN. 22.61 TOTAL DUE 22.61 * IF PAID AFTER DATE INDICATED, SEE REVERSE IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE FOR CALCULATION OF ADDITIONAL INTEREST. A REFUND. SEE REVERSE SIDE OF THIS FORM FDR INSTRUCTIONS. ~~ RESERVATION: Estates of decedents dying on or before Dec. 12, 1982 -- if any future interest in the estate is transferred in possession or enjoyment to Class B (collateral) beneficiaries of the decedent after the expiration of any estate for life or for years, the Commonwealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes at the lawful Class B (collateral) rate on any such future interest. PURPOSE OF NOTICE: To fulfill the requirements of Section 2140 of the Inheritance and Estate Tax Act, Act 23 of 2000. (72 P.S. Section 9140). PAYMENT: Detach the top portion of this notice and submit with your payment to the Register of Wills printed on the reverse side. --Make check or money order payable to: REGISTER OF WILLS, AGENT. Failure to pay the tax, interest, and penalty due may result in the filing of a lien of record in the appropriate county, or the issuance of an Orphan's Court citation. REFUND (CR): A refund of a tax credit, which was not requested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1313). Applications are available from the department's web site at www.revenue.state.pa.us, any Register of Wills or Revenue District Office, or from the department's 24-hour answering service: 1-800-362-2050; services for taxpayers with special hearing and/or speaking needs: 1-800-447-3020 (TT only). OBJECTIONS: Any party in interest not satisfied with the appraisment, allowance or disallowance of deductions or assessment of tax (including discount or interest) as shown on this notice may object within 60 days of the date of receipt of this notice by: A) Protest to the PA Department of Revenue, Board of Appeals, by filing a protest online at www.boardofappeals.state.pa.us on or before the 60 day appeal period expires. In order for an a ec ronic pro es o e valid, you must receive a confirmation number and processed date from the Board of Appeals web site. You may also send a written protest to PA Department of Revenue, Board of Appeals P.O. Box 281021, Harrisburg, PA 17128-1021. Petitions may not be faxed: or B) Have the matter determined at the audit of the personal representative's account: or ADMIN- C) Appeal to the Orphans' Court. ISTRATIVE CORRECTIONS: Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, P.O. Box 280601, Harrisburg, PA 17128-0601 or call (717) 787-6505. See Page 4 of "Instructions for Inheritance Tax Return for a Resident Decedent" (REV-1501) for an explanation of administratively correctable errors. DISCOUNT: If any tax due is paid within three calendar months after the decedent's death, a five percent discount of the tax paid is allowed. PENALTY: The 15 percent tax amnesty non-participation penalty is computed on the total of the tax and interest assessed and not paid before Jan. 18, 1996, the first day after the end of the tax amnesty period. This non-participation penalty 15 appealable in the Same manner and in the the Same time period a5 you would appeal the taX and interest that has been assessed as indicated on this notice. INTEREST: Interest is charged beginning with first day of delinquency, or nine months and one day from the date of death, to the date of payment. Taxes which became delinquent before Jan. 1, 1982, bear interest at the rate of six percent per annum calculated at a daily rate of 0.000164. All taxes which became delinquent on and after Jan. 1, 1982, will bear interest at a rate which varies from year to year with the rate announced by the PA Department of Revenue. Rates for 1982 through 1999 can be found in the Pennsylvania Resident Instruction Booklet (REV-1501), the Pennsylvania Non-resident Instruction Booklet (REV-1736) or on the Department of Revenue Web site www.revenue.state.pa.us. The applicable interest rates for years 2000 through 2012 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 2000 8% .000219 2001 9% .000247 2002 bi .000164 2003 5i .000137 2004 4~ .000110 2005 5% .000137 2006 7% .000192 2007 8% .000219 2008 7~ .000192 2009 5i .000137 2010 4% .000110 2011 3~ .000082 2012 --Interest is calculated as Ofollows: INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any notice issued after the tax becomes delinquent will reflect an interest calculation to 15 days beyond the date of the assessment. If payment is made after the interest computation date shown on the notice, additional interest must be calculated. ~" REV-1470 EX (Ot-10) pennsylvania DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES PO Box 280601 R 171 - 6 1 DECEDENT'S NAME Barbara J. Boak REVIEWED BY Joseph Collins INHERITANCE TAX EXPLANATION OF CHANGES FILE NUMBER 2111-0226 ACN 101 ITEM EXPLANATION OF CHANGES SCHEDULE NO. Per correspondence, Schedule G has been increased by $50,000.00. This increase reflec s G five transfers of $13,000.00, allowing one $3,000.00 exclusion per transferee. Transfers are taxable outright to the beneficiaries before determining residue. H Per correspondence, Schedule H has been increased by $1,954.00. Row Pape 1