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Home My WebLink About09-17-12._,'~' a BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX 280601 HARRISBURG PA 17126-0601 JOEL R ZULLINGER STE 200 14 N MAIN ST CHAMBERSBURG ,,~1 OF INHERITANCE TAX ~ ~~,Rp,i~~~ALLOWANCE OR DISALLOWANCE R~~F:1~C`'`L7~D~'j1~+?'NS AND ASSESSMENT OF TAX pennsylvania ~ DEPARTMENT OF REVENUE REV-1547 IX AFP C12-11) DATE 09-17-2012 ESTATE OF GROUSE HELEN F DATE OF DEATH 08-26-2011 FILE NUMBER 21 11-0926 COUNTY CUMBERLAND ACN 101 APPEAL DATE: 11-16-2012 (See reverse side under Objections) Amount Remitted MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE PA 17013 ~~! 2 SEP t 7 PM I ~ 50 ~~:. _' Ofi'S t;~URT .Po.~~ ~.. PA 17201 CUT ALONG THIS LINE _ -~ R_ETA_IN LOWER POR_TION_ FOR YOUR RECORDS ~- _ --------------- REV-1547 EX AFP C12-11) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF: GROUSE HELEN FFILE N0.:21 11-0926 ACN: 101 DATE: 09-17-2012 TAX RETURN WAS: ( ) ACCEPTED AS FILED C X) CHANGED $EE ATTACHED NOTICE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN .0 0 NOTE: To ensure proper 1. Real Estate (Schedule A) C1) 2. Stocks and Bands (Schedule B) C2) .00 credit to your account, 4,709,597.2b submit the upper portion 3. Closely Held Stock/Partnership Interest (Schedule C) C3) of this form with your 4. Mortgages/Notes Receivable (Schedule D) C4) •00 tax payment. 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) C5) 4 3,152.95 6. Jointly Owned Property (Schedule F) (6) .00 7. Transfers (Schedule G) C7) 4,601,436.18 8. Total Assets C8) 9,354,186.39 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) C9) 98.930.4 3 10. Debts/Mortgage Liabilities/Liens (Schedule I) C10) 21.134.00 11. Total Deductions X11) 120,064.43 12. Net Value of Tax Return C12) 9,234,121.96 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 1,8 6 7,002.7 6 14. Net Value of Estate Subject to Tax C14) 7,367,119.20 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: 15. Amount of Line 14 at Spousal rate (15) .00 X 00 = .00 16. Amount of Line 14 taxable at Lineal/Class A rate C16) 7.367.179.20 X 045 = 331,520.36 17. Amount of Line 14 at Sibling rate (17) _DO X 12 = .00 18. Amount of Line 14 taxable at Collateral/Class B rate C18) .00 X 15 = .00 19. Principal Tax Due C19?= 331,520.36 TAX CREDITS: PAYMENT RECEIPT DISCOUNT C+) DATE NUMBER INTEREST/PEN PAID (-) AMOUNT PAID 11-22-2011 CD015252 14,177.07 269,364.25 INTEREST IS CHARGED THROUGH 10-02-2012 AT THE RATES APPLICABLE AS OUTLINED ON THE REVERSE SIDE OF THIS FORM TOTAL TAX PAYMENT 283,541.32 BALANCE OF TAX DUE 47,979.04 INTEREST AND PEN. 507.52 TOTAL DUE 48,486.56 ~ 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 FOR 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 CCR): 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 obSect 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 fron the Board of Appeals web site. You ^ay also send a written protest to PA Department of Revenue, Board of Appeals P.0. Box 261021, 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 ADM IN- 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.0. 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 is appealable in the same manner and in the the same time period as 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, 1962, 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 9Y. .000247 2002 6% .000164 2003 5% .000137 2004 4Y. .000110 2005 5% .000137 2006 7% .000192 2007 8% .000219 2006 7% .000192 2009 5% .000137 2010 4% .000110 2011 3~ .000082 2012 --Interest is calculated asOfollows: INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR 15 days --Any notice issued after the tax becomes delinquent will reflect an interest calculation to on the beyond the date of the assessment. If payment is made after the interest computation date shown notice, additional interest must be calculated. REV-1470 EX (01-10) ~` ~ ~ pennsyLvania DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES PO Box 280601 HARRISBURG. PA 17128-0601 DECEDENT'S NAME Helen F. Crouse REVIEWED BY B. B@ISkey SCHEDULE C 1 EXPLANATION OF CHANGES INHERITANCE TAX EXPLANATION OF CHANGES LE NUMBER 2111-0926 101 Assessed at $4,709,597.26. Be advised that our valuation considered the nature of the company's business, net asset value, earning history, overall financial condition, general economic outlook, and other relevant factors. After review the above factors, it was determined that the company's Net Asset Value would establish the value for the referenced estate's interest in the above mentioned company. Since this partnership is comprised of liquid assets, the Beech Tree Investments, LP is determined to be a family investment company, and as such, non-controlling minority interest and lack of marketability discount are not applicable when a family partnership does not operate a legitimate business enterprise. Please see Berry Estate 27 Fiduc. Rep. 2d 219. Held: Orphans' Court of Venango County agreed and Commonwealth Court affirmed. Row Paae 1