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HomeMy WebLinkAbout10-04-12COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAX~Cj`r}L)~~(~ ,`'~~~~ PO BOX 280601 (e L.. HARRISBURG PA 17128-0601 (~[~~~T~~ :`;; ;R,~~i REV-15438 AFP (7.OB) INFORMATION NOTICE FILE N0. 21 - ~ Z _IU~ AND ACN 12503856 TAXPAYER RESPONSE DATE 09-19-2012 ~~i 12 OCT -4 PM 2= 5 ~~~IS L~U~r CUMBERI.AN~ CO., PA REBECCA NAYLOR APT 6H 550 LOCUST ST MOUNT VERNON NY 10552-2678 TYPE OF ACCOUNT EST. OF JOHN P THOMPSON ^ SECURITY S.S. N0. X^ sEC ACCT DATE OF DEATH o8 - l 0 - 2012 ^ srocK COUNTY CUMBERLAND ^ BoNDs REMIT PAYMENT AND FORMS T0: REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE PA 17013 OPPENHEIMER has provided the Department with the information listed below which has been used in calculating the potential tax due. Their records indicate that at the death of the above decedent, you were a beneficiary of this asset. If you feel this information is incorrect, please obtain written correction from the transfer agent, attach a copy to this fore and return it to the above address. This account is taxable in accordance with the Inheritance Tax Laws of the Commorn+ealth of Pennsylvania. Questions may be answered by calling (717) 787-8327. COMPLETE PART 1 BELOW * * * SEE REVERSE-SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 195229368 To insure prover credit to your account, two C2) copies of this notice must accompany your payment to the Register of Wills. Make check DOD Valuation 2,596.86 payable to: "Register of Wills, Agent". Percent Taxable X 25.000 NOTE: If tax payments are Bade within three Amount Subject to Tax 649.22 C3) months of the decedent's date of death, Tax Rate X .045 you nay deduct a 5Y. discount of the tax due. Any inheritance tax due will become delinquent Potential Tax Due 29 • 21 nine (9) months after the date of death. PART TAXPAYER RESPONSE ^ FA.~L1l=~~'~u'~3..it:~~tE'S11L,'~'~:.Ilf?~-~4,~`~L~A~I. T~~~,,' SE^s~!'i~tt~, $1tSEi~:r ~'#4Z~' 1fD7'I E .. A. The above inforeation and tax due is correct. 1. You nay choose to remit payment to the Register of Wills with two copies of this notice to obtain CHECK a discount or avoid interest, or you may check box "A" and return this notice to the Register of C 0 N E ~ Wills and an official assessment will be issued by the PA Department of Revenue. B L 0 C K B. ^ The above asset has been or will be reported and tax paid with the Pennsylvania Inheritance Tax return 0 N L Y to be filed by the decedent's representative. C. ^ The above inforeation is incorrect and/or debts and deductions were paid by you. You must complete PART ~ and/or PART a below. PART If you indicate a different tax rate, please state your © relationship to decedent: TAX RETURN - COMPUTATION LINE 1. DOD Valuation 2. Percent Taxable 3. Amount Subject to Tax 4. Debts and Deductions 5. Amount Taxable 6. Tax Rate 7. Tax Due OF TAX ON ABOVE ASSET(S) 1 __ 2 X 3 4 5 6 X 7 ,2 3 --.-•r '~. ~~ r ~7,...^^~^., •`~ x.~.......-. PART DEBTS AND DEDUCTIONS CLAIMED DATE PAID PAYEE DESCRIPTION AMOUNT PAID Under penalties of perjury, I declare that the facts I have repor2tet'd above are true, co rect and comp ete to the best of my knowledge and belief. HOME C J7 7) ~ 3 S33b~ WORK C2(2 ) 3Q~3 ~Sb6 '9 ~ :- TAXPAYER SIGNATURE TELEPHONE NUMBER DATE __ GENERAL INFORMATION 1. FAILURE TO RESPOND WILL RESULT IN AN OFFICIAL TAX ASSESSMENT with applicable interest based on information submitted by the transfer agent. 2. Inheritance tax becomes delinquent nine months after the decedent's date of death. 3. Assets held by a decedent "in trust for" another or others are taxable fully. REPORTING INSTRUCTIONS - PART 1 - TAXPAYER RESPONSE 1. BLOCK A - If the information and computation in the notice are correct and deductions are not being claimed, place an ••X" in block "A" of Part 1 of the "Taxpayer Response" section. Sign twa copies and submit then with your check for the amount of tax to the Register of Wills of the county indicated. The PA Department of Revenue will issue an official assessment (Form REV-1548 EX) upon receipt of the return from the Register of Wills. Do not use the envelope provided. 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 decedent's representative, place an •'X" in block "B" of Part 1 of the "Taxpayer Response" section. Sign one copy and return to the PA Department of Revenue, Bureau of Individual Taxes, Dept 280601, Harrisburg, PA 17128-0601 in the envelope provided. 3. BLOCK C - If the notice information is incorrect and/or deductions are being claimed, check block '•C" and complete Parts 2 and 3 according to the instructions below. Sign two copies and submit them with your check for the amount of tax payable to the Register of Wills of the county indicated. The PA Department of Revenue will issue an official assessment (Form REV-1548 EX) upon receipt of the return from the Register of Wills. Do not use the envelope provided. TAX RETURN - PART 2 - TAX COMPUTATION __ _ LINE 1. Enter the total balance of the account including interest accrued to the date of death. 2. The percent taxable assets owned by the decedent but held in trust for or payable to another individual(s) (beneficiaries): 1 DIVIDED BY TOTAL NUMBER OF BENEFICIARIES X 100 = PERCENT TAXABLE Example: Assets registered in the name of the decedent in trust for two other persons... 1 DIVIDED BY 2 (BENEFICIARIES) _ .50 X 100 = 50% (TAXABLE FOR EACH BENEFICIARY) 3. The amount subject to tax (line 4) is determined by multiplying the account balance (line 2) by the percent taxable (line 3). 4. Enter the total of the debts and deductions listed in Part 3. 5. The amount taxable Cline 6) is determined by subtracting the debts and deductions (line 5) from the amount subject to tax (line 4). 6. Enter the appropriate tax rate (line 7) as determined below. A. For dates of death occurring after 6/30/94, the tax rates for transfers to spouses are as follows: 1. Dates of death on or after 7/1/94 and before 1/1/95 the rate is 3%. 2. Dates of death on or after 1/1/95 transfers to spouses will be taxed at 0% tax rate. Note: For dates of death prior to 7/1/94 transfers to spouses are taxable at 6%. B. Transfers to lineal descendants including father, mother, son, daughter, grandchildren, son-in-law, daughter-in-law, stepchild and their issue are taxable at six percent C6%). A date of 7/1/2000 and after are taxable at four and a half percent C4.5%) . G. Transfers to siblings will be taxed at twelve percent C12%) for dates of death on or after 7/1/2000 . D. Transfers to all others including Uncle, aunt, nephew, and niece are taxable at fifteen percent (15%). E. For dates of death on or after 7/01/2000, transfers from a child Cage 21 or under) to a natural parent, adopted parent or step-parent are taxable at 0%. F. If you change the tax rate, please specify your relationship to the decedent in the area provided. 7. The amount of tax due (line 8) is determined by multiplying the amount taxable Cline 6) by the tax rate Cline 7). CLAIMED DEDUCTIONS - PART 3 - DEBTS AND DEDUCTIONS CLAIMED Allowable debts and deductions are determined as follows: A. You legally are responsible for payment, or the estate subject to administration by a personal representative is insufficient to pay the deductible items. B. You actually paid the debts after death of the decedent and can furnish proof of payment. C. Debts being claimed must be itemized fully in Part 3. If additional space is needed, use plain paper 8 1/2" x 11". Proof of payment may be requested by the PA Department of Revenue. Y, T£'v"',(.t~l '~~~ _ R'.- AtiCEy C{INTACF 1tNY ~ GA~.:~. ~~~"£+~~7 t3~,, ~ ~A~~S,~ TA~CPA'IER ~lttt#~~RY:-i!~#si~", IH- HARitiS#~Uit~ A~tr. £~17~~~~~~8~ 8~2~+~~~;~1'#~~~ 1-8Oti-4#~~.3~ CD-<~I~£it~~~£ f~R~ T~RXP:A3'£e~Sr •~ ~. ~1dITFi S~~CiAL~"Fi£#'IRIT~6 AND Sf'£AI(~ING Nf£D$~.r