HomeMy WebLinkAbout07-13-12INHERITANCE TAX
~IY1DhCt1 lJi"RECORD ADJUSTMENT
BUREAU OF INDIVIDUAL TAXES IJV~'lULU Vi"
INHERITANCE TAX DIVISION R`t.i1V,L' 1 ~+f" (ABA ~ f1
PO BOX 280601 [~ IJ ~ [,•} ~Y~~„
HARRISBURG PA 17128-0601
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CUMBERI.AlVfl CO., PA
GEORGE F DOUGLAS III ESQ
354 LAEXANDER SPRING RD
CARLISLE PA 17015
Pennsylvania ~
DEPARTMENT OF REVENUE
REV-1593 EX AFP (12-11)
DATE 06-14-2012
ESTATE OF SENSENIG PAUL M
DATE OF DEATH 06-19-2011
FILE NUMBER 21 11-0712
COUNTY CUMBERLAND
ACN 101
Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT T0:
REGISTER OF WILLS
1 COURTHOUSE SQUARE
CARLISLE PA 17013
NOTE: To ensure proper credit to your account, submit the upper portion of this form with your tax payment.
CUT ALONG THIS LINE_______~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
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REV-1593 EX AFP C12-11) ** INHERITANCE TAX RECORD ADJUSTMENT **
ESTATE OF: SENSENIG PAUL M FILE N0.:21 11-0712 ACN: 101 DATE: 06-14-2012
ADJUSTMENT BASED oN: ADMINISTRATIVE CORRECTION
VALUE OF ESTATE:
1. Real Estate (Schedule A) (1) .00
2. Stocks and Bonds (Schedule B) (2) 234,640.83
3. Closely Held Stock/Partnership Interest (Schedule C) C3) .00
4. Mortgages/Notes Receivable (Schedule D) C4) .00
5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) C5) 316,88 6.90
6. Jointly Owned Property (Schedule F) C6) .00
7. Transfers (Schedule G) C7) .00
8. Total Assets C8) 551 , 527 .73
DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Administrative Costs/
Miscellaneous Expenses (Schedule H) (9) 31,263.55
10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 1,4 73.96
11. Total Deductions (11) 32,737.51
12. Net Value of Tax Return C12) 518,790.22
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) C13) .00
14. Net Value of Estate Subject to Tax ~~~~ 518 790 22
TAX:
15. Amount of Line 14 at Spousal rate
16. Amount of Line 14 taxable at Lineal/Class A rate
17. Amount of Line 14 at Sibling rate
18. Amount of Line 14 taxable at Collateral/Class B rate
19. Principal Tax Due
TAX CREDITS:
,'A TI'IC 191 Ktl.tlYl ll15000NT C+)
DATE NUMBER INTEREST/PEN PAID C-)
08-30-2011 CD014911 1,052.63
01-05-2012 CD015421 .00
.
C15) .00X .00 = .00
c16) 518,790.22x .045= 23,345.56
cln .00x .12 = .00
C18) .00x .15 = .00
c19) 23,345.56
AMOUNT PAID
20,000.00
2,292.93
TOTAL TAX PAYMENT 23,345.56
ALANCE OF TAX DUE .00
INTEREST AND PEN. .00
TOTAL DUE .00
~ IF PAID AFTER DATE INDICATED, SEE REVERSE IF TOTAL DUE IS REFLECTED AS A "CREDIT" CCR), YOU MAY BE DUE
FDR CALCULATION OF ADDITIONAL INTEREST. A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
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PAYMENT: Detach the top portion of this notice and submit with your payment made payable to the name and address
printed on the reverse side.
If payment is for a Resident Decedent, make check or money order payable to: Register of Wills, Agent.
If payment is for a Non-resident Decedent, ^ake check or money order payable to: Commonwealth of. Pennsylvania.
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 CCR): A refund of a tax credit, which was not requested on the tax return, nay be requested by completing an
"Application for Refund of Pennsylvania Inheritance and Estate Tax" CREV-1313). Applications are available from
the department's Web site 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: 1-600-447-3020 (TT only).
REPLY
T0: Questions regarding errors contained on this notice should be addressed to: PA Department of Revenue, Bureau
of Individual Taxes, ATTN: Post Assessment Review Unit, PO Box 280601, Harrisburg PA 17128-0601, or call
C717) 787-6505.
DISCOUNT: If any tax due is paid within three calendar wonths 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.)
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 2006 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.oa.us. The applicable interest rates for 2007 through 2012 are:
Interest Daily Interest Daily Interest Daily
Year Rate Factor Year Rate Factor Year Rate Factor
2007 BY. .OD0219 2008 7% .000192 2009 5Y. .000137
2010 4% .000110 2011 3% .000082 2012 3% .000082
Interest is calculated as follows:
INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
Any notice issued after the tax becoees delinquent will reflect an interest calculation to fifteen 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.