HomeMy WebLinkAbout05-03-13 NOTICE OF INHERITANCE TAX _"Iffl 9 ti, pennsyLvarna
APPRAISEMENT, ALLOWANCE OR DISALLOWANCE DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES OF DEDUCTIONS AND ASSESSMENT OF TAX
INHERITANCE TAX DIVISION IREV-1547 EX AFP (03-13)
PO BOX 280601
HARRISBURG PA 17128-0601
DATE 05-06-2013
- ESTATE OF TURNER CHARLES W
DATE OF DEATH 07-17-2012
FILE NUMBER 21 12-0860
COUNTY CUMBERLAND
BRADLEY J GUNNISg1JLgSR ( ACN 101
100 PINE STR ,0. APPEAL DATE: 07-05-2013
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PO BOX 116 (See reverse side under Objections)
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HARRISBURG U ��71t°'T' qD'$'•' )ri
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--4-- --------------------
REV-1547 EX AFP (02-13) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF: TURNER CHARLES WFILE NO. :21 12-0860 ACN: 101 DATE: 05-06-2013
TAX RETURN WAS: ( ) ACCEPTED AS FILED ( X) CHANGED SEE ATTACHED NOTICE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A) (1) • 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) (3) 00 submit the upper portion
of this form with your
4. Mortgages/Notes Receivable (Schedule D) (4) 1. ,268,087.60 tax payment.
5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) (5) 22,000 .00
6. Jointly Owned Property (Schedule F) (6) 4,400.35
7. Transfers (Schedule G) (7) 1 ,371,086.08
S. Total Assets (8) 2,665,574.03
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adm. Costs/Misc. Expenses CSchedule H) (9) 31 ,337. 0 3
10. Debts/Mortgage Liabilities/Liens (Schedule I) CIO) 59,972.57
11. Total Deductions (11) 91 ,309.60
12. Net Value of Tax Return (12) 2,574,264.43
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) C13) .00
14. Net Value of Estate Subject to Tax (14) 2,574,264.43
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) 469,598.25 X 00 = .00
16. Amount of Line 14 taxable at lineal rate (16) 2•1 n4•AAA- 1 R x 045 = 94,709.97
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 (19) 94,709.97
TAX CREDITS:
PAYMENT RECEIPT I DISCOUNT C+)
DATE NUMBER INTEREST/PEN PAID C-) AMOUNT PAID
10-17-2012 CDO16658 4,631 .58 88,000. 00
INTEREST IS CHARGED THROUGH 05-21-2013 TOTAL TAX PAYMENT 92,631 .58
AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX DUE 2,078.39
REVERSE SIDE OF THIS FORM INTEREST AND PEN. 5.79
TOTAL DUE 2,084. 18
* 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 FOR INSTRUCTIONS. (n_
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 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 WILL,AGENT.
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).
Please allow 4-6 weeks from the date a refund was granted to arrive.
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 281201, Harrisburg PA 17128-1021;
B) Having the matter determined at audit of the account of the personal representative;or
C) C)Appealing to the Orphans'Court.
ADMINISTRATIVE Errors discovered on this assessment should be addressed in writing to:PA Department of Revenue,Bureau of Individual
CORRECTIONS: Taxes,ATTN: Post Assessment Review Unit, PO BOX 280601,Harrisburg PA, 17128-1021,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 allowable.
INTEREST: Interest is charged beginning with first day of delinquency,or nine months and one date 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 rquest 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 show on the Notice,additional interest must be calculated.
REV-1470 EX(01-10) •
enns lvania
p y INHERITANCE TAX
DEPARTMENT OF REVENUE EXPLANATION
BUREAU OF INDIVIDUAL TAXES OF CHANGES
PO Box 280601
�17128-0601
DECEDENT'S NAME FILE NUMBER
Charles Turner 2112-0860
REVIEWED BY ACN
Heidi Schultz 101
ITEM
SCHEDULE NO. EXPLANATION OF CHANGES
Value of the life estate interest with the 5/5 is per the taxable rate of 1.2%.
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