HomeMy WebLinkAbout05-13-13 NOTICE OF INHERITANCE TAX � pennsylvania
APPRAISEMENT. ALLOWANCE OR DISALLOWANCE DEPARTMENTOFREVENUE
BUREAU oF INDIVIDUAL inxES OF DEDUC7IONS AND ASSESSMENT OF TAX
INHEBIipNCE TAX DIVISION REV-1547 EX AW (03-13)
PO BOX 280601
HANRISBURG PA 1]128-U601
RECORu� !'r �:(-rfvL Q
REGI:;`:;:F2 Or `"."!-�-� DATE 05-06-2013
ESTATE OF SHULTZ VERNA M
(�i�� ��III 13 P11 �I �3 UATE OF DEATH 02-27-2012
FILE NUMBER 21 12-0348
IVO V OTTO III CLERK Gi COUNTY CUMBERLAND
10 E HIGH ST OFPIiANS� LUiJi;T ACN pppEAL DATE: 07-05-2013
CARLISLE ���p�Lq.��,a�(D��, t�A (SeereversesideunderObjecrions)
Amount Reoitted
MAKE CHECK PAYABLE AND REMIT PAYMENT T0:
REGISTER OF WILLS
1 COURTHOUSE SpUARE
CARLISLE PA 17013
CUT ALONG THIS LINE ____ � RETAIN LOWER PORTION FOR YOUR RECORDS �
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REV-1547 EX AFP CO2-13) NOTICE OF INHERITANCE TAX APPRAISEMENT, A��OWANCE OR
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF: SHULTZ VERNA MFILE N0. :21 12-0348 ACN: 101 DATE: 05-06-2013
TAX RETURN WAS: ( X7 ACCEPTED AS FILED O CHANGED
APPRAISED VALUE OF RETURN BASED ON: ORIGLNAL RETURN
1. Real Estate (Schedule A) �I� 1�386�000.00 NOTE: To ensure proper
2. Stocks and Bonds (Schedule B) �z� 3�053�257.65 eredit to your account,
. 00 submiT the upper portlon
3. Closely Held Stock/Partnership �InteresY (S<hetlule C) (3) af this form with your
4. Mort9ages/Notes Receivable (SChetlule D) �G� 159.090. 15 tax payment.
5. Cash/Bank Deposiks/Misc. Personal Proparty [SChaaula E) (5) 67.560.79
6. Jointly Owned ProperYy (S<hedule F7 �6� .00
7. 7rensfers CS<heaula s7 ��� 186,625.46
e. 7ota1 Assets cg) 4.852.534.05
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Atlm. Costs/Misc. Expenses (Schedule H) �9� 200 .117.02
10. Debts/Mort9a9e Liabilities/Liens (Schedule I) (10) 9.04D.66
11. 7ota1 Deductions (11) 209i157.68
iz. r+et vaiva or rax aeturn �lZ� 4,643,376.37
13. Charitable/GOVernmental Bequests; Non-elected 9113 irusts (S<hedule J7 �13� . DO
14. Net Value af Estate SubSect to Tax �ly� 4.643.376.37
NOTE: If an assessnent 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 ot Line 14 at spousal rats (157 •00 X 00 = .00
16. Amount ot Line 14 taxable at lineal rate (16) �•���•���-�� X 045 = 208�951.94
17. Amount of Line 14 at sSb11n9 rate (177 -�� X 12 ' .0�
18. Amount of Line 14 taxable at collakeral rate (187 .00 X 15 = .0�
19. Principal Tax Due �19�= 208,951 .94
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT (+) pMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-7
05-24-2012 CD016019 9,210.53 175�000 .00
11-26-2012 CD016830 .00 24,741 .69
TOTAL TAX PAYMENT 208,952.22
BALANCE OF TAX OUE .28CR
INTEREST AND PEN. .00 �
TOTAL DUE .28CR "\
� IF PAID AFTER DATE INDICATED� SEE REVERSE IF TOTAL DUE IS REFLECTED AS A CREDIT (CR), VOU MAY BE DUE V)
FOR CALCULATION OF ADDITIONAL INTEREST. A REFUND. SEE REVERSE SIDE FOR INSTRUCTIONS. 4
RESERVATION: Estates of decedents dying on or before Dec. 12, 1982-if any future interes[in the estate is transierred 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 Me 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 paymen[to the Register of Wilis Indicated on the front of the notice.
Make check or money order payable to:REGISTER OF WILL,AGENT.
REFUND(CR�: A refund of a ta�c credit not requested on the tax return may be requested by completing an Application for Refund of
Pennsylvania lnheritance and Estate Tax(REV-1373). Applications are available from the departmenPs web site at
www.revenue.state.pa us,any Register of Wills or Revenue District Office,or from the departmenYs 24-hour forms ordering
service: 1-600-362-2050;services for taxpayers with special hearing and/or spealting needs: 1-600-447-3020(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 deduc[ions,or assessment of tax
(including discount or interes[)as shown on this notice may object within 60 days of the date of receipt ot this notice by:
A) Filing an appeal online at www boardofaooeals state,pa us on or before the appeal date identified on the front of this notice.
Or sending a written protest to:PA Departrnent 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 explana5on of administratively correctable
errors.
DISCOUNT: If any[ax due is paid within three calendar months atter the decedenYs death,a five percent discount ot 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 DELIN�UENT X DAILY INTEREST FACTOR
Any Notice issued after the ta�c becomes delinquent will reflect an inferest calculation to 15 days beyond the date of the
assessmen[. If payment is made after the interest calculation date show on the Notice,additional interest must be calculated.