HomeMy WebLinkAbout03-22-13 ,
Y •
INHERITANCE TAX � pennsylvan�a
RECORD ADJUSTMENT DEPARTMENTOFREVENUE
BUREAU OF INDIVIDUAL TAXES �������, �,,,,,,p,,���
INHERITANCE TAX DIVISION ` � �� "r���� �'4� REV-1593 IX AFP C12-12)
��������� �� : ��.�
PO BOX 280601 �
HARRISBUR6 PA 17128-0601 ' ' �
►:i�;_�
���� ��� �� � f , �€ DATE 03-13-2013
� .i ;�STATE OF KAPP LOUISE I
DATE OF DEATH 01-28-2010
��'��� �'F� FILE NUMBER 21 10-0114
���NQ��� �{,�'���;'�' COUNTY CUMBERLAND
�''���FR�.,�(�� ��r., �+� ACN 101
DENNIS E B�YLE ESQ Amount Remitted
STE 200
4660 TRINDLE RD MAKE CHECK PAYABLE AND REMIT PAYMENT T0:
CAMP HILL PA 17011-5608
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 �
----------------------------------------------------------------------------------------------------------------
REV-1593 EX AFP C12-12� ** INHERITANCE TAX RECORD ADJUSTMENT **
ESTATE OF: KAPP LUUISE I FILE N0. :21 10-0114 ACN: 101 DATE: 03-13-2013
ADJUSTMENT BASED oN: ADMINISTRATIVE CORRECTION
VALUE OF ESTATE:
1. Real Estate (Schedule A) �1� 95,000.00
2. Stocks and Bonds CSchedule B) �2� .0 0
3. Closely Held Stock/Partnership Interest CSchedule C) C3) .0 0
4. Mortgages/Notes Receivable CSchedule D) C4� .0 0
5. Cash/Bank Deposits/Misc. Personal Property CSchedule E) C5) 178,774.51
6. Jointly Owned Property CSchedule F� C6� .0 0
7. Transfers CSchedule G) ��� .0 0
8. Total Assets C8� 273,774.51
DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Administrative Costs/
Miscellaneous Expenses cschedule H) (9) 29,089.62
10. Debts/Mortgage Liabilities/Liens CSchedule I) C10) 4,3 6 4.4 2
11. Total Deductions C11) 33,454.04
12. Net Value of Tax Return (12) 240,320.47
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts CSchedule J) (13� .0 0
14. Net Value of Estate Sub�ect to Tax C14) 240,320.47
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 �16� ,00 X.045= .00
17. Amount of �ine 14 at Siblin9 rate c17) 120,160.24x. 12 = 14,419.23
18. Amount of Line 14 taxable at Collateral/Class B rate �lg� 120,1b0.23Y.15 - 18,024.03
19. Principal Tax Due C19)
TAX CREDITS: 32,443.26
PAYMENT RECEIPT DISCOUNT C+)
DATE NUMBER INTEREST/PEN PAID (-) AMOUNT PAID
09-23-2010 CD013419 .00 32,443.26
TOTAL TAX PAYMENT 32,443.26
ALANCE OF TAX DUE .00
INTEREST AND PEN. .00
TOTAL DUE .0
� 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.)
i
��v-u�o ex�oi-�o�
� � ,�.
�:�_ � enns lvania
s�� � p �I INHERITANCE TAX
DEPARTMENT OF REVENUE EXPLANATION
BUREAU OF INDIVIDUAL TAXES OF CHANGES
PO Box 280601
DECEDENTS NAME FILE NUMBER
Louise I. Kapp 21 10-0114
REVIEWED BY ACN
Steven James 101
ITEM
SCHEDULE Np, EXPLANATION OF CHANGES
A 1 Section 2121(a) of the Inheritance and Estate Tax Act of 1991, 72 P.S. § 9121(a), states the
valuation date shall be the date of the transferor's death. The Department regards an
arms-length sale within fifteen (15) months of the decedent's death to be a good indicator
of fair market value. A complete, detailed, professional appraisal valuing real property at
date of death is also considered as evidence. Absent either a sale or an appraisal, the
Department has utilized the "computed value" approach based on the yearly findings of
the State Tax Equalization Board. As the sale of the real estate took place more than
fifteen (15) months after the decedent's death, it is too long after death for the sales price
to be a good indication of fair market value at the time of death.
Row Page 1