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HomeMy WebLinkAbout10-28-13 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 (08-13) PO BOX 280601 HARRISBURG PA 17128-0601 RECORDED OFrr-: OF DATE 10-28-2013 RECIST�., OF +. _LS ESTATE OF FRAKER FLORA A ;;ii�� �rtt DATE OF DEATH 11-12-2012 28 PM i f-O FILE NUMBER 21 13-0232 FOWLER III JOHN B COUNTY CUMBERLAND , 10 E HIGH ST 1,LERR C' ACN 101 CARLISLE OFjpgi,A,%W COU"T APPEAL DATE: 12-27-2013 17033 (See reverse side under Objections) CUMBERLAND CO., 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 (08-13) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF: FRAKER FLORA AFILE NO. :21 13-0232 ACN: 101 DATE: 10-28-2013 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 CSchedule 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) •00 tax payment. 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) (5) 11, 167.42 6. Jointly Owned Property (Schedule F) (6) .00 7. Transfers (Schedule G) (7) .00 8. Total Assets (8) 11 .167.42 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) C9) 14,729.39 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 62,715.58 11. Total Deductions (11) 77,444.97 12. Net Value of Tax Return (12) 66,277.55- 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 00 14. Net Value of Estate Subject to Tax (14) 66,277.55- 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 (16) nn x 045 = .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 (19)= .00 TAX CREDITS: PAYMENT RECEIPT DISCOUNT (+) GATE NUMBER INTEREST/PEN PAID (-) AMOUNT PAID TOTAL TAX PAYMENT .00 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 TOTAL DUE .00 x 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. REV-1070 EX(01-10)-�� pennsylvania INHERITANCE TAX DEPARTMENT OF REVENUE EXPLANATION BUREAU OF INDIVIDUAL TAXES OF CHANGES PO Box 280601 HARRISBURG.PA 17128-0601 DECEDENT'S NAME FILE NUMBER Flora Fraker 2113-0232 REVIEWED BY ACN J Collins 101 ITEM SCHEDULE NO. EXPLANATION OF CHANGES A 1 The value of this item has been suspended from the appraisement of the return until the final value can be determined. A supplemental return must be filed when the value of the suspended item is determined. The department will allow an estate to suspend the valuation of real estate on the original and timely filed inheritance tax return for up to 15 months. The 15-month period includes the nine months after which the inheritance tax return becomes delinquent, plus the additional six-month filing extension. When the property is sold after the inheritance tax return is timely filed and the suspension requested, the estate should then report the arms-length sales price on a supplemental inheritance tax return. If the real property is not sold within 15 months of the date of death, an estate will have to report an alternate means of establishing the value, including a professional appraisal or the common level ratio value. ROW Page 1