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HomeMy WebLinkAbout03-24-14 COMMOMSfEALTH OF PENNSYLVANIA REV-1162 EX(7196) DEPARTMENT OF REVENUE - BUREAU OF INDIVIDUAL TAXES DEPT.280601 HARRISBURG,PA 17128-0601 PENNSYLVANIA RECEIVED FROM: INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. CD 018924 LANKFORD DANIEL S JR 24 FARM HOUSE LANE CARLISLE, PA 17013 ACN ASSESSMENT AMOUNT CONTROL NUMBER 101 $10,824.58 ESTATE INFORMATION: FILE NUMBER: 2113-0292 DECEDENT NAME: LANKFORD GLADYS DATE OF PAYMENT: 03/24/2014 POSTMARK DATE: 03/24/2014 COUNTY: CUMBERLAND DATE OF DEATH: 02/27/2013 TOTAL AMOUNT PAID: $10,824.58 REMARKS: RECEIPT TO ATTY CHECK# 1027 INITIALS: WZ SEAL RECEIVED BY: LISA M. GRAYSON, ESQ. REGISTER OF WILLS REGISTER OF WILLS XUfKEYSTONE ELDER LAW P.C. www.keystoneelderlaw.com Jessica F. Greene Jessica @keystoneelderlaw.com March 24, 2014 VIA FAX 717-783-3467 ATTN: Charlotte PA Department of Revenue Bureau of Individual Taxes m Co P.O. Box 280601 Harrisburg, PA 17128-0601 ^'c M rn RE: Estate of Gladys Lankford DUD: 2/27/2013 File#2113-0292 County: Cumberland © to Dear Charlotte: y " I have not received an assessment yet for the above referenced estate; however, the following corrections need to be made to the inheritance tax return filed on November 27, 2013: a. Item I on Schedule G- Fidelity 401K has the date of death value as $327,936.84, but the actual date of death value (attached) is $318,912.57. Kindly note that a refund is due to the estate in the amount of$406.10 for the difference in the taxes. b. There was an additional probate fee of$200, that should be taken as a deduction and a refund of$9 would be due as a refund which will be applied in the breakdown below. c. The estate recently discovered that the decedent had a pension plan and the date of death balance was $247,397.43 (see attached). The beneficiaries have not been paid yet, but we did not want more interest to accrue; thus, the estate will be paying the Register of Wills for the additional tax owed minus the refund above, plus any interest, and minus any prepayment discount. The following is a breakdown of my calculations: I. Prepayment of$875.41 paid 5/28/2013 (because courthouse was closed 5/27/13) 2. Full inheritance tax return filed and paid $37,478.35 (the tax was calculated as $38,399.83, but minus the prepayment of$875.41 and the discount of$46.07) 1 Now there would be an additional tax owed for c above in the amount of$I1,132.88 plus interest of$106.80= $11,239.68 4. Then I took$11,239.68 and subtracted the refunds due under a- $406,10 and b-$9 and the estate paid the register of wills$10,824.58 today,March 24, 2014. Please feel free to contact my office at the below referenced number if you have any questions. Sincerely, c Jessica Fisher Greene, Esquire Enclosures 555 Gettysburg Pike,Suite C-100 • Mechanicsburg,PA 17055 Phone: 717.697.3223 Fax: 717.691.8070 Savings Plus Plan Retirement Savings Statement February 26,2013-February 27,2013 I ENV#OP000004 OF 35270 0 GLADYS S LANKFORD Rhodia Retirement Center. 1-866-781.6225 24 FARMHOUSE LANE Representatives are available from CARLISLE, PA 17013 8:30 AM-12:00 midnight EST. internal address:http:tlnedmnelits.ldelky.com Your Account Summary Your Asset Allocation Beginning Balance $317,049.38 Change In Market Value 1,86318 Stocks 43% Ending Balance $319,912.57 Additional Information Bond/Mangd Inc 47% Vested Balance $318,912.57 Short-Term 10% Your Personal Rate of Return This Period 0.6% Year to pate 2.0% Your Personet Rate of Return Is calculated with a time-weighted rormule,widely used by financial analysts to calculate Investment Your account wnem allocated anion samYigs. #reflects the results of your Investment setedlons as Your account above. Percentages alloc and totals among the n asset mad due well as any activity in am plan accounts)shown. There are other 1p rounding. specified Personal Rate of Return formulas used#rat may ybid diflereot - results. Remember that past performance is no guamntea of future The Additional Fund Information section lists the allocation of msuas. your blended funds. Market Value of Your Account This section displays the value of your account for sue period,In both shams and dollars. Shansawnfta SharesNieft Price on Price on Merkel Value Aferw Value Ift"stment on &2013 on M7/2013 014EW13 02,2712013 on 02aA= on 0=7)"13 Blended Fund Inveatmants" $279,171.61 $251,044.47 Fid Freedom K Income 696.383 696.383 $11.77 $11.60 8,196.43 8,217.32 Fk!Freedom K 2015 20,575100 20,575.200 $13.17 $13.26 270,975.38 272,827.15 Bond/Managed Income $371877.05 $37,668.10 Managed Income Fund 26,025.170 26,825.170 $1.00 $1.00 26,825.17 26,825.17 WA Core Plus Bond 1 948.705 948.705 $11.65 $11.64 11,052.41 11,042.93 Account Total a. P' - ... Please read this statement carefully. Any error must be reported to Fidelity investments within 90 days. 0004 OP000004 0001 20131129 ONK - Page 1 of 6 ' MARJORIE A,WEVODAU >LENDA FARNER STRASSAUGH � ! jar FIRST DEPUTY REGISTER OF WILLS AND )�} KIRK S.SOHONAGE,Es4 CLERK OF ORPHANS'COURT ^� ; SOLICITOR REGISTER OF WILLS AND CLERK OF THE ORPHANS' COURT COUNTY OF CUMBERLAND LINE COURTHOUSE SQUARE CARLISLE, PA 17013 (717)2406345 FAX(117)240.7797 INVOICE Bill To: InvoiceNo: 4544 Invoice Date: 11/27/2013 KEYSTONE ELDER LAW Estate of: Gladys S. Lankford 555 GETTYSBURG PIKE Estate No: 21-13-0292 SUITE 100 d„ MECHANICSBURG, PA 17055 Qty Fee Description Fee Total 1 Additional Probate 200.00 $200.00 Total: $200.00 Checks should be made payable to the Register of Wills. Terms: Net 30. PIease return one copy of this invoice with your payment. Thank you. 3/21/2014 Wells Fargo View Check Copy Wells Fargo Advisors View Check Copy i Check Number Date Posted Check Amount Account Number 11024 12706tt3 $200.00 SWELLS FARGO VALUE CHECKING XKK0005660 GLADYS LANKFORD ESTATE ,O�/ 1024 DANIEL$LANKPORD PREP asysl$v 24 FARMHOUSE LN &51#145 r`.AFcftF,PA 170*8708 December 2 201 u`rt myrontc nsar.Bag.RYPT of Gitls $ 200.00 Two hundred and 00;100_.__.._______.______ ou g 7 rcretanexru. i OR Add1ticnat R=bate £e 1:0310006011: &5 1 209 5960"' 0 &024 ,1 x� >031315036[ c� -'r orrsto Bank i y g Shippensburq, PA 17257 �. Phone: 717-532-6114 F Ems Dater 12/05/201$ Branch/Teller 0008/0126 12/0512013 11;07:15 0 Equal Housing Lender ©t995-2014 Welts Fargo.Ail rights reserved. httpslHmage.vellstargo.corMmagen a Vd SPIW.do?sessiontd=43b4d2166r11 34550b473954026b717O----8SAMLart=AAHWDDA�JgU13P6COVmKHBL050GX... 1/1 Aon Hewitt — L4DR$PZ 3120/2014 4 :36:22 PM PAGE 4/604 Fax Server i LUAy Solvay USA Inc. Pension Plan Pension Verification I Statement date: March 20,2014 DANIEL S LANKFORD 24 FARMHOUSE LN €€ CARLISLE PA,170I3 E i This letter confirms that at February 27,2013,Gladys Lankford s passing,her account balance was $247,397.43.As one of the beneficiaries of Gladys Lankford,you were entitled to$123,69$:72.The pension initial award date was March Dl,2013 and it was a one time benefit paid to Daniel S Lankford. , For More Information If you need additional information,the Solvay pension Center at 1-866.824-9347.Solvay Pension k Center Representatives are available between 9 am,and 5 p.m.,Central time,Monday through Friday,exoluding holidays. i ! { s i r i i i ! t I I Personal income Tax e-Services Center Page 1 of 1 Penalty and Interest Calculations CALCULATION DATES- 11/27/2013 TO 3/24/2014 TAX DEFICIENCY $ 11,132.88 CALCULATED INTEREST $ 106.80 BALANCE AS OF 3/24/2014 $ 11,239.68 Start Over https://www.doreservices.state.pa.us/pitservices/Default.aspx 3/21/2014