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Home My WebLink About01-07-13BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX 280601 HARRISBURG PA 17128-0601 DAVID W REAGER 2331 MARKET ST CAMP HILL NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ~ pennsylvania DEPARTMENT OF REVENUE REV-1547 EX AFP C12-12) DATE O1-D7-2013 ESTATE OF DAVIS GEORGE S DATE OF DEATH 08-02-2011 FILE NUMBER 21 11-0960 COUNTY CUMBERLAND ACN 101 APPEAL DATE: 03-08-2013 (See reverse side under Objections Amount Re~itted MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE PA 17013 ~pp~ccC/nQ~~i~ ~r~~~ ~r ~ii3 ~~P~ 7 ~~1 ~ 33 C~~~~{ ~r ~fl~~~~" ray ~~~{-r~~ CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ ------------------------------------------------------------------------------------------- REV-1547 EX AFP t12-12~ NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF: DAVIS GEORGE SFILE N0.:21 11-0960 ACN: 101 DATE: 01-07-2013 TAX RETURN WAS: C ) ACCEPTED AS FILED C )() CHANGED SEE ATTACHED NOTICE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) (1) 71,300.00 NOTE: To ensure proper 2. Stocks and Bonds (Schedule B) C2) .0 0 credit to your account, 3. Closely Held Stock/Partnership Interest (Schedule C) (3) 207, 026.00 submit the upper portion of this form with your 4. Mortgages/Notes Receivable (Schedule D) C4) •0 0 tax payment. 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) C5) 181,475.67 6. Jointly Owned Property (Schedule F) (6) .00 7. Transfers (Schedule G) (7) .00 8. Total Assets (8) 459,801.67 APPROV ED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) C9) 17.418.37 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 2,38 6.32 11. Total Deductions (11) 19,804.69 12. Net Value of Tax Return (12) 439,996.98 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) C13) .0 0 14. Net Value of Estate Subject to Tax (14) 439,996.98 NOTE: If an assess~ent 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 C15) .00 X 00 = .0 0 16. Amount of Line 14 taxable at Lineal/Class A rate (16) 439.996.98 x 045 = 19,799.86 17. Amount of Line 14 at Sibling rate C17) _[10 X 12 = .0 0 18. Amount of Line 14 taxable at Collateral/Class B ra te (18) .0 0 X 15 - .0 0 19. Principal Tax Due ~ (19)= 19,799.86 TAX CREDITS: P DATE T I NUMBER ' INTEREST/PEN PAID (-) I AMOUNT PAID INTEREST IS CHARGED THROUGH 01-22-2013 AT THE RATES APPLICABLE AS OUTLINED ON THE REVERSE SIDE OF THIS FORM TOTAL TAX PAYMENT .DO BALANCE OF TAX DUE 19,799.86 INTEREST AND PEN. 430.25 TOTAL DUE 20,230.11 * IF PAID AFTER DATE INDICATED, SEE REVERSE IF TOTAL DUE IS REFLECTED AS A "CREDIT" CCR), YOU MAY BE DUE ,~ FOR CALCULATION OF ADDITIONAL INTEREST. A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. tttYYY~~`~~~ RESERVATION: Estates of decedents dying on or before Dec. 12, 1982 -- if any future interest in the estate is transferred in possession or enjoywent to Class B (collateral) beneficiaries of the decedent after the expiration of any estate for life or for years, the Cowwonwealth 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 requirewents of Section 2140 of the Inheritance and Estate Tax Act, Act 23 of 20D0. C72 P.S. Section 9140). PAYMENT: Detach the top portion of this notice and subwit with your paywent to the Register of Wills printed on the reverse side. --Make check or wonev order payable to: REGISTER OF WILLS, AGENT. Failure to pay the tax, interest, and penalty due way 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, way be requested by cowpleting an "Application for Refund of Pennsylvania Inheritance and Estate Tax" CREY-1313). Applications are available frow the departwent's web site at www.revenue.state.pa.us, any Register of Wills or Revenue District Office, or frow the departwent's 24-hour answering service: 1-800-362-2050; services for taxpayers with special hearing and/or speaking needs: 1-800-447-3020 CTT only). OBJECTIONS: Any party in interest not satisfied with the appraiswent, allowance or disallowance of deductions or assesswent of tax (including discount or interest) as shown on this notice ^ay object within 60 days of the date of receipt of this notice by: A) Protest to the PA Departwent 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 ^ust receive a confirwation nuwber and processed date frow the Board of Appeals web site. You wav also send a written protest to PA Departwent of Revenue, Board of Appeals P.O. Box 281021, Harrisburg, PA 17128-1021. Petitions ^ay not be faxed: or B) Have the wetter deterwined at the audit of the personal representative's account: or ADMIN- C) Appeal to the Orphans' Court. ISTRATIVE CORRECTIONS: Factual errors discovered on this assesswent should be addressed in writing to: PA Departwent of Revenue, Bureau of Individual Taxes, ATTN: Post Assesswent Review Unit, P.O. Box 280601, Harrisburg, PA 17128-0601 or call (717) 767-6505. See Page 4 of "Instructions for Inheritance Tax Return for a Resident Decedent" (REV-1501) for an explanation of adwinistratively correctable errors. 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 awnesty non-participation penalty is cowputed 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 awnesty period. This non-participation penalty is appealable in the save wanner and in the the saws 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 wonths and one day frow the date of death, to the date of paywent. Taxes which became delinquent before Jan. 1, 1982, bear interest at the rate of six percent per annuw 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 frow year to year with the rate announced by the PA Departwent 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 Departwent of Revenue Web site www.revenue.state.pa.us. The applicable interest rates for years 2000 through 2013 ayes Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 2000 8% .000219 2001 9Y. .000247 2002 6Y. .000164 2003 5Y. .000137 2004 49: .000110 2005 5Y. .000137 2006 7% .000192 2007 8% .000219 2008 7Y. .000192 2009 5% .000137 2010 4% .000110 2011-2013 3y, .000082 --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINpUENT X DAILY INTEREST FACTOR 15 days --Any notice issued after the tax becowes delinquent will reflect an interest calculation to on the beyond the date of the assesswent. If paywent is wade after the interest cowputation date shown notice, additional interest wust be calculated. REV-7170 EX (8-88) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 DECEDENT'S NAME George S. Davis INHERITANCE TAX EXPLANATION OF CHANGES NUMBE 2111-0960 Bill Lyons 101 SCHEDULE EXPLANATION OF CHANGES Under the terms of the residuary trust, the trustee may distribute principal to issue during the lifetime of the surviving spouse. In the absence of a request for a future interest compromise, the Department has the right to assess tax at the highest rate in the chain of potential distributions. Therefore, the tax has been assessed at 4.5% on the value of the residuary trust. Page 1