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HomeMy WebLinkAbout12-27-13 (2) William D. Devorick 531 Royal Tern Lititz, PA 17543 Phone: 717-419-1847 December 26, 2013 Register of Wills 1 Courthouse Square Carlisle, PA 17013 REF: Estate of John T. Devorick SSN 198-20-SS88 DATE OF DEATH 07-30-2013 FILE NO.2113-0880 Dear Register of Wills staff, I recently received the two enclosed Information Notices from the Pennsylvania Department of Revenue regarding my father's estate. The two PSECU accounts that are referenced on the forms were already included on the PA Inheritance Tax Form(REV- 1500)that I filed with your office on October 29, 2013. All taxes on my father's portion of these accounts have been paid. I have enclosed a copy of SCHEDULE F from the REV-1500. This form shows the two accounts in question(Checking and Certificate), and their value on the date of death. These amounts were included in the amounts carried forward on page two of the REV- 1500. I trust that this information clears up this matter completely. If you require more information or documentation,please contact me at the above address and phone number. Sincerely, William D. Devorick ENC: REV-1500 Schedule F (filed on October 29. 2013) ti REV-1509 EX+(oi-So) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE N PROPERTY INHERITANCE TAX RETURN JOINTLY-OWE D RESIDENT DECEDENT ESTATE OF: FILE NUMBER: John T.Devorick,Sr. 21-13-0880 If an asset became jointly owned within one year of the decedent's date of death,It must be reported on Schedule G. SURVIVING JOINT TENANT(S)NAME(S) ADDRESS RELATIONSHIP TO DECEDENT A.John T.Devorick,Jr. 44 Summer Drive Son Dillsburg,PA 17019 e'William D.Devorick 531 Royal Tern Son Lititz,PA 17543 C. JOINTLY OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECEDENTS VALUE OF NUMBER TENANT JOINT IDENTIFYING NUMBER,ATTACH DEED FOR JOINTLY HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENTS INTEREST 1. A. 01/11/06 Americhoice Federal Credt Union Account 38698 B. 01/11/06 (Jointly held with John T.Devorick,Jr.and William D.Devorick) Regular Savings(Suffix 0001) 122.59 33%. 40.45 Checking(Suffix 0013) 635.45 33% 209.70 2. A. 03/21101 PSECU Account 8986328816 B. 03121101 (Jointly held whh John T.Devorick,Jr.and William D.Devorick) Savings(S1) 311.68 33% 102.85 Checking(S4) 4,609.32 33% 1,521.08 Money Market(S7) 0.52 33% 0.17 36 Month Certificate(858) 52,262.25 33% 17,246.54 TOTAL(Also enter on Une 6,Recapitulation) ; 19,120.79 If more space is needed,use additional sheets of paper of the same size. BUREAU OF INDIVIDUAL TAXES Penns Ivania Inheritance Tax f° pennsytvan18 PO BOX 280601 Y HARRISBURG PA 17128-0601 Information Notice DEPARTMENT OF REVENUE --� REV-1543 EX DocEXEL (08-12) And Taxpayer Response FILE N0.2113-0880 ACN 13168244 DATE 12-13-2013 Type of Account Estate of JOHN T DEVORICK Savings SSN Checking Date of Death 07-30-2013 Trust WILLIAM D DEVORICK County CUMBERLAND X Certificate 531 ROYAL TERN LITITZ PA 17543-1321 PsECU provided the department with the information below indicating that at the death of the above-named decedent you were a joint owner or beneficiary of the account identified. Account No.8986328816 Remit Payment and Forms to: Date Established 01-10-2011 REGISTER OF WILLS Account Balance $52,262.25 1 COURTHOUSE SQUARE Percent Taxable X 16.667 CARLISLE PA 17013 Amount Subject to Tax $8,710.55 Tax Rate X 0.045 Potential Tax Due $391.97 NOTE': If tax payments are made within three months of the decedent's date of death, deduct a 5 percent discount on the tax With 5%Discount(Tax x 0.95) $(see NOTE) due. Any inheritance tax due will become delinquent nine months after the date of death. PART Step 1 : Please check the appropriate boxes below. 1 A ❑No tax is due. I am the spouse of the deceased or I am the parent of a decedent who was 21 years old or younger at date of death. Proceed to Step 2 on reverse. Do not check any other boxes and disregard the amount shown above as Potential Tax Due. B F-1 The information is The above information is correct, no deductions are being taken,and payment will be sent correct. with my response. Proceed to Step 2 on reverse. Do not check any other boxes. C F�The tax rate is incorrect. ❑ 4.5% 1 am a lineal beneficiary(parent,child,grandchild, etc.)of the deceased. (Select correct tax rate at right,and complete Part F-1 12% 1 am a sibling of the deceased. 3 on reverse.) 15% All other relationships (including none). D F�Changes or deductions The information above is incorrect and/or debts and deductions were paid. listed. Complete Part 2 and part 3 as appropriate on the back of this form. E Asset will be reported on The above-identified asset has been or will be reported and tax paid with the PA Inheritance Tax inheritance tax form Return filed by the estate representative. EV-1500. Proceed to Step 2 on reverse. Do not check any other boxes. Please sign and date the back of the form when finished. PART Debts and Deductions 2 Allowable debts and deductions must meet both of the following criteria: A. The decedent was legally responsible for payment,and the estate is insufficient to pay the deductible items. B. You paid the debts after the death of the decedent and can furnish proof of payment if requested by the department. (If additional space is required, you may attach 81/2"x 11"sheets of paper.) Date Paid Payee Description Amount Paid Total Enter on Line 5 of Tax Calculation $ PART Tax Calculation 3 If you are making a correction to the establishment date(Line 1)account balance(Line 2), or percent taxable(Line 3), please obtain a written correction from the financial institution and attach it to this form. 1. Enter the date the account was established or titled as it existed at the date of death. 2. Enter the total balance of the account including any interest accrued at the date of death. 3. Enter the percentage of the account that is taxable to you. a. First,determine the percentage owned by the decedent. i. Accounts that are held"in trust for"another or others were 100%owned by the decedent. ii. For joint accounts established more than one year prior to the date of death,the percentage taxable is 100%divided by the total number of owners including the decedent. (For example:2 owners=50%,3 owners=33.33%,4 owners =25%,etc.) b. Next,divide the decedent's percentage owned by the number of surviving owners or beneficiaries. 4. The amount subject to tax is determined by multiplying the account balance by the percent taxable. 5. Enter the total of any debts and deductions claimed from Part 2. 6. The amount taxable is determined by subtracting the debts and deductions from the amount subject to tax. 7. Enter the appropriate tax rate from Step 1 based on your relationship to the decedent. If indicating a different tax rate,please state Official Use Only ❑AAF your relationship to the decedent: PA Department of Revenue 1. Date Established 1 2. Account Balance 2 $ PAD 3. Percent Taxable 3 X 1 4. Amount Subject to Tax 4 $ 2 3 5. Debts and Deductions 5 - 4 6. Amount Taxable 6 $ 5 7. Tax Rate 7 X 6 8. Tax'Due .. 8 $ . 7 8 9. With 5%Discount(Tax x .95) 9 X Step 2: Sign and date below. Return TWO completed and signed copies to the Register of Wills listed on the front of this form, along with a check for any payment you are making. Checks must be made payable to"Register of Wills, Agent." Do not send payment directly to the Department of Revenue. Under penalty of perjury, 1 declare that the facts I have reported above are true,correct and complete to the best of my knowledge and belief. Work Home "+t- .4-t qk L64 - %3 Taxpayer Ignature Telephone Number Date IF YOU NEED FURTHER ASSISTANCE, CONTACT PENNSYLVANIA DEPARTMENT OF REVENUE DISTRICT OFFICE, OR THE INHERITANCE TAX DIVISION AT 717-787-8327. SERVICES FOR TAXPAYERS WITH SPECIAL HEARING AND/OR SPEAKING NEEDS ONLY: 1-800-447-3020 BUREAU OF INDIVIDUAL TAXES Pennsylvania Inheritance Tax pennsyLVania PO BOX 280601 Y HARRISBURG PA 17128-0601 Information Notice , DEPARTMENT OF REVENUE - -—-' REV-1543 EX DocE%EC (08-12) And Taxpayer Response FILE NO.2113-0880 ACN 13168242 DATE 12-13-2013 Type of Account Estate of JOHN T DEVORICK Savings SSN X Checking Date of Death 07-30-2013 Trust WILLIAM D DEVORICK County CUMBERLAND Certificate 531 ROYAL TERN LITITZ PA 17543-1321 PSECU-provided the department with the information below indicating that at the death Of the- above-named decedent you were a joint owner or beneficiary of the account identified. Account No.8986328816 Remit Payment and Forms to: Date Established 01-24-2001 REGISTER OF WILLS Account Balance $4,609.32 1 COURTHOUSE SQUARE Percent Taxable X 16.667 CARLISLE PA 17013 Amount Subject to Tax $768.24 Tax Rate X 0.045 Potential Tax Due $34.57 NOTE*: If tax payments are made within three months of the decedent's date of death, deduct a 5 percent discount on the tax With 5%Discount(Tax x 0.95) $(see NOTE*) due. Any inheritance tax due will become delinquent nine months after the date of death. PART 1 Step 1 : Please check the appropriate boxes below. A No tax is due. I am the spouse of the deceased or I am the parent of a decedent who was 21 years old or younger at date of death. Proceed to Step 2 on reverse. Do not check any other boxes and disregard the amount shown above as Potential Tax Due. B- The information is — The above information is correct, no deductions are being taken,and payment will be sent correct. with my response. Proceed to Step 2 on reverse. Do not check any other boxes. C F—]The tax rate is incorrect. F—] 4.5% 1 am a lineal beneficiary(parent,child,grandchild, etc.)of the deceased. (Select correct tax rate at right, and complete Part 12% 1 am a sibling of the deceased. 3 on reverse.) 15% All other relationships (including none). D F]Changes or deductions The information above is incorrect and/or debts and deductions were paid. listed. Complete Part 2 and part 3 as appropriate on the back of this form. E XAsset will be reported on The above-identified asset has been or will be reported and tax paid with the PA Inheritance Tax nheritance tax form Return filed by the estate representative. EV-1500. Proceed to Step 2 on reverse. Do not check any other boxes. Please sign and date the back of the form when finished. PART Debts and Deductions 2 Allowable debts and deductions must meet both of the following criteria: A. The decedent was legally responsible for payment,and the estate is insufficient to pay the deductible items. B. You paid the debts after the death of the decedent and can furnish proof of payment if requested by the department. (If additional space is required,you may attach 8 1/2"x 11"sheets of paper.) Date Paid Payee Description Amount Paid Total Enter on Line 5 of Tax Calculation $ PART Tax Calculation 3 If you are making a correction to the establishment date(Line 1)account balance(Line 2),or percent taxable(Line 3), please obtain a-written correction from the financial institution and attach it to this form. 1. Enter the date the account was established or titled as it existed at the date of death. 2. Enter the total balance of the account including any interest accrued at the date of death. _3. Enter the percentage of the account that is taxable to you. _— _ a. --Frst;oetermme the percentage owned by the decedent. i. Accounts that are held"intrust for"another or others were 100%owned by the decedent. ii. For joint accounts established more than one year prior to the date of death,the percentage taxable is 100%divided by the total number of owners including the decedent. (For example:2 owners=50%,3 owners=33.33%,4 owners =25%,etc.) b. Next,divide the decedent's percentage owned by the number of surviving owners or beneficiaries. 4. The amount subject to tax is determined by multiplying the account balance by the percent taxable. 5. Enter the total of any debts and deductions claimed from Part 2. 6. The amount taxable is determined by subtracting the debts and deductions from the amount subject to tax. 7. Enter the appropriate tax rate from Step 1 based on your relationship to the decedent. If indicating a different tax rate, please state Official Use Only ❑AAF your relationship to the decedent: PA Department of Revenue 1. Date Established 1 2. Account Balance 2 $ PAD 3. Percent Taxable 3 X 1 4. Amount Subject to Tax 4 $ 2 3 5. Debts and Deductions 5 - !4 6. Amount Taxable 6 $ 5 7. Tax Rate 7 X 6 8. Tax Due 8 $ 7 8 9. With 5%Discount(Tax x .95) 9 X Step 2: Sign and date below. Return TWO completed and signed copies to the Register of Wills listed on the front of this form, along with a check for any payment you are making. Checks must be made payable to"Register of Wills,Agent." Do not send payment directly to the Department of Revenue. Under penalty of perjury, I declare that the facts I have reported above are true,correct and complete to the best of my knowledge and belief. Work 44 4 1 %q-�r- Home �+tj-415t$4a- 21 t-r- I l� Taxpayer Signature Telephone Number Date IF YOU NEED FURTHER ASSISTANCE, CONTACT PENNSYLVANIA DEPARTMENT OF REVENUE DISTRICT OFFICE, OR THE INHERITANCE TAX DIVISION AT 717-787-8327. SERVICES FOR TAXPAYERS WITH SPECIAL HEARING AND/OR SPEAKING NEEDS ONLY: 1-800-447-3020 M_ q + 1 � r i yyi.d� • V V Q V At r1 �/\