HomeMy WebLinkAbout05-17-13 INHERITANCE TAX � � pennsylvania
RECORD ADJ USTMENT ; DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TQXES '
INHERITANCE 7AX DIVISION REV-1593 EX AFP C12-12)
PO BOX 280601 °<< 4,��"
HARRISBURG PA 17128-0601 �`�Y' ' `� i �
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`°�'`" "` � DATE 05-09-2013
,,; 1 � �;1,` -�� :_:.� ESTATE OF TURNER CHARLES W
!'!� ,��t�� •� � DATE OF DEATH 07-17-2012
FILE NUMBER 21 12-0860
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BRADLEY J GUNNISON `'E`��'����� ������� � � � �� /►mount Remitted
100 PINE STREET
P� BOX 1166 MAKE CHECK PAYABLE AND REMIT PAYMENT T0:
HARRISBURG PA 17108-11b6
REGISTER OF WILLS
1 COURTHDUSE 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 �(--
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REV-1593 EX AFP C12-12� ** INHERITANCE TAX RECORD ADJUSTMENT **
ESTATE OF: TURNER CHARLES W FILE Nd. :21 12-0860 ACN: 101 DATE: 05-09-2013
ADJUSTMENT BASED oN: ADMINISTRATIVE CORRECTION
VALUE OF ESTATE:
1. Real Estate CSchedule A) �1) .00
2. Stocks and Bonds CSchedule B) �Z� .OD
3. Closely Held Stock/Partnership Interest CSchedule C) C3) .OD
4. Mortgages/Notes Receivable (Schedule D) �4� 1,268,087.60
5. Cash/Bank Deposits/Misc. Pers���al Property CSchedule E) C5) 22,000. 00
6. Jointly Owned Property CSchedule F) �6� 4,400.35
7. Transfers (Schedule G) ��� 1 .371 ,086.08
8. Total Assets �8� 2�b65,574.03
DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Administrative Costs/
Miscellaneous Expenses (Schedule H) (9J 31 ,337.03
10. Debts/Mortgage Liabilities/Liens (Schedule I) C10) 59,972.57
11. Total Deductions cii� 91,309.60
i2. Net vaiue of Tax Return ci2� 2,574,264.43
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) .00
14. Net Value of Estate Subject to Tax C14) 2,574,264.43
TAX:
15. Amount of Line 14 at Spousal rate C15) 488,982.46X.00 = .QO
16. Amount pf Line 14 taxable at LuneallClass A rate �16� 2,085,281 .97 x.045= 93,837.69
17. Amount of Line 14 at Sibling r��te C17� -
.00x.12 = .00
18. Amount of Line 14 taxable at Cc�llateraLClass B rate C18� .00Y. 15 ° .00
19. Principal Tax Due (19)
TAX CREDITS: 93,837.68
PAYMENT RECEIPT DISCOUNT (+)
DATE NUMBER INTEREST/PEN PAID C-) AMOUNT PAID
10-17-2012 CDOlb658 4,631 .58 88,OU�.00
INTEREST IS CHARGED THROUGH 05-24-2�13* TOTAL TAX PAYMENT 92,631 .58
AT THE RATES APPLICABLE AS OUTLINED ON THE ALANCE OF TAX DUE 1,206. 10
REVERSE SIDE OF THIS FORM INTEREST AND PEN. 3.66
TOTAL DUE 1,209.7
* IF PAID AFTER DATE INDICATED, SEE REVERSE IF TDTAL AUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE �
FOR CALCULATION OF ADDITIONAL INTEREST. A REFUND. SEE REYERSE SIDE OF THIS FORM FOR INSTRUCTIONS.� i,'
PAYMENT: Detach the top portion of this notice and submit with your pavment made payable to the name and address
printed on the reverse side.
If payment is for a Resident Decedent, make check or money order oayable to: Register of Wills, Agent.
If pavment is for a Non-resident Decedent, make check or money order vayable to: Commonwealth of Pennsylvania.
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 (CR): A refund of a tau credit, which was not requested on the tax return, mav be requested bv completing an
"Application for Refund of Pennsylvania lnheritance and Estate Tax" (KEV-1313). ADUlications are available from
the department's Web site www.revenue.state.pa.us, anv Register of W311s or Revenue District Office, or from the
Devartment's 24-hour ansaering service: 1-800-362-2050; services for taxpayers with special hearing and/or
speaking needs: 1-500-447-3020 CTT only).
REPLY
T0: Questions re9arding errors contained on this notice should be addressed to: PA Department of Revenue, Bureau
of Individual Taxes, ATTN: Post Assessment Review Unit, PO Box 280601, Harrisburg PA 17128-O6D1, or call
(717) 787-6505.
DISCOUNT: If any tax due is paid w3thin three calendar months after the decedent's death, a five vercent discount of the
tax paid is allowed.
PENALTY: The 15 vercent tax amnesty non-varticipation penaltv is comvuted on the total of the ta�c and interest assessed,
antl not paid before Jan. 18, 1996, fthe first day after the end of the tax amnesty period.)
INTEREST: Interest is charged beginning with first day of delinquency or nine months a�d one day from the date of death
to the date of payment. Taxes which became delinquent before Jan. 1, 1962 bear interest at the rate of six
percent per annum calculated at a dailv rate of 0.000164. All taxes which became delinquent on and afYer
Jan. 1, 1982, 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 2006 can be found in the Pennsvlvania Reside�t Instruction
Booklet (REV-1501>, the Pennsylvania No m resident Instruction Booklet CRev-1736) or on the Department of
Revenue Web site www.revenue.oa.us. The applicable interest rates for 2007 through 2013 are:
Interest Daily Interest Daily Interest Daily
Year Rate Factor Year Rate Factor Year Rate Factor
2007 8% .000219 Z008 7i .D00192 20D9 5i .000137
2D10 4% .000110 2011-2013 3% .000082
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 fifteen days
beyond the date of the assessment. If payment is made after the interest computation date shown on the
notice, additional interest must be calculated.
REV-7470 EX(01-70)
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� F��� peC1115��Va111t� INHERITANCE TAX
' DEPARTMENT OF REVENUE EXPLANATION
BUREAU OF INDIVIDUAL TAXES OF CHANGES
PO Box 280601
1 1
DECEDENT'S NAME FILE NUMBER
Charles Turner 2112-0860
REVIEWED BY ACN
Heidi Schultz 101
ITEM
SCHEQULE Np, EXPLANATION OF CHANGES
Administration correction for adjustmen# of 5/5 calculation.
Row Paae 1