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HomeMy WebLinkAbout12-17-12 NOTICE OF INHERITANCE TAX ; pennsylvania BUREAU OF INDIVIDUAL TAXES APPRAISEMENT, ALLOWANCE OR DISALLOWANCE DEPARTMENT OF REVENUE INHERITANCE TAX DIVISION OF DEDUCTIONS AND ASSESSMENT OF TAX REV-1547 EX AFP (09-12) PO BOX 280601 HARRISBURG PA 17128-0601 REGORDEu OF ICE OF DATE 12-10-2012 REGIST Z?, O "'7ILLS ESTATE OF ADAMS GERALDINE M 1 ( DATE OF DEATH 10-08-2011 LIT DEC 1~7 t R15 =i So FILE NUMBER 21 11-1070 COUNTY CUMBERLAND TIMOTHY M ADAMS CLERK OF ACN 101 636 ANTHONY RDORPHANS. COUIRT APPEAL DATE: 02-08-2013 EAST BERLIN 17 , 6 (See reverse side under Objections) GUMS LAN C`'., PA Amount Remitted MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE PA 17013 CUT ALONG THIS LINE RETAIN LOWER PORTION FOR YOUR RECORDS REV-1547 EX AFP (12-11) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF: ADAMS GERALDINE MFILE NO.:21 11-1070 ACN: 101 DATE: 12-10-2012 TAX RETURN WAS: C X) ACCEPTED AS FILED C ) CHANGED APPRAISED VALUE OF RETURN BASED ON.- ORIGINAL RETURN 1. Real Estate (Schedule A) Cl) .00 NOTE: To ensure proper 2. Stocks and Bonds (Schedule B) (2) .00 credit to your account, 3. Closely Held Stock/Partnership Interest (Schedule C) C3) 00 submit the upper portion of this form with your 4. Mortgages/Notes Receivable (Schedule D) (4) 00 tax payment. 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) (5) 2,868.00 6. Jointly Owned Property (Schedule F) (6) 58,950.00 7. Transfers (Schedule G) (7) .00 8. Total Assets (8) 61,818.00 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) C9) 14,981.0 0 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 00 11. Total Deductions (11) 14,981.00 12. Net Value of Tax Return (12) 46,837.00 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) .0 0 14. Net Value of Estate Subject to Tax (14) 46,837.00 NOTE: If an assessment was issued previously, Lines 14, 15, 16, 17, 18 and/or 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 rate C16) 46 • R37 - DO X 045 = 2, 108.00 17. Amount of Line 14 at sibling rate (17) 00 X 12 = .00 18. Amount of Line 14 taxable at collateral rate (18) .00 X 15 = .00 19. Principal Tax Due C19)= 2,108.00 TAX CREDITS: PAYMENT RECEIPT DISCOUNT AMOUNT PAID DATE NUMBER INTEREST/PEN PAID C-) 09-05-2012 CDO16473 10.00- 2,118.00 12-03-2012 SBADJUST ,00 .20 TOTAL TAX PAYMENT 2,108.00 BALANCE 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 (CR), YOU MAY BE rhiE FOR CALCULATION OF ADDITIONAL INTEREST. A REFUND. SEE REVERSE SIDE FOR INSTRUCTIONS. 4 _A/ APPRAISEMENT: Efforts to obtain an inheritance tax return have been exhausted for the estate referenced. Therefore, the filling requirements have been waived. The department, however, reserves the right to assess any assets that may be recovered at a future time. 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 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 collateral rate on any such future interest. PAYMENT: Detach the top portion of this notice and submit with your payment to the Register of Wills indicated on the front of the notice. 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 or the issuance of an Orphan's Court citation. REFUND (CR): A refund of a tax credit 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 forms ordering 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 appraisement, 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) Filing an appeal online at www.boardofappeals.state.pa.us on or before the appeal date identified on the front of this notice. Or sending a written protest to: PA Department of Revenue, Board of Appeals, PO BOX 281021, Harrisburg PA 17128-1021; B) Having the matter determined at audit of the account of the personal representative; or C) Appealing to the Orphans' Court. ADMINISTRATIVE CORRECTIONS: Errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, PO BOX 280601, Harrisburg PA 17128-0601, Phone (717) 787-6505. See page 4 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. INTEREST: Interest is charged beginning with first day of delinquency, or nine months and one day from date of death, to the date of payment. Annual interest rates are available on Form REV-1611, available at www revenue.state.pa.us, or upon request by calling 1-888-728-2937. 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 becomes delinquent will reflect an interest calculation to 15 days beyond the date of the assessment. If payment is made after the interest calculation date shown on the Notice, additional interest must be calculated.