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HomeMy WebLinkAbout03-10-14 INHERITANCE TAX pennsylvania BUREAU OF INDIVIDUAL TAXES RECORD ADJUSTMENT DEPARTMENT OF REVENUE INHERITANCE TAX DIVISION REV-1593 IX AFP (12-13) PO BOX HARRISBURG URG PA PA 17129-0601 DATE 02-26-2014 ESTATE OF LEICHTE MEDA M DATE OF DEATH 09-11-2012 FILE NUMBER 21 12-1094 COUNTY CUMBERLAND ACN 101 SCHRACK III D 'Am_um# Remitted 124 W HARRISBURG ST DILLSBURG PA 17019-1268 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS 1 COURTHOUSE 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 F ..................................................................................................w-------------- REV-1593 EX AFP t12-133 x INHERITANCE TAX RECORD ADJUSTMENT A* ESTATE OF: LEICHTE MEDA M FILE No, .21 12-1094 ACN: 101 DATE: 02-26-2014 ADJUSTMENT BASED ON: ADMINISTRATIVE CORRECTION VALUE OF ESTATE: 1. Real Estate (Schedule A) (1) 114,500.00 2. Stocks and Bonds (Schedule B) (2) 2,000.00 S. Closely Held Stock/Partnership Interest (Schedule C) (3) 00 4. Mortgages/Notes Receivable (Schedule D) (4) ,00 5. Cash/Rank Deposits/Misc. Personal Property (Schedule E) C5) 29,64$.97 6. Jointly Owned Property (Schedule F) (6) 00 7. Transfers (Schedule G) (7) 31 .684.99 S. Total Assets te7 177,828.96 DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Administrative Costs/ Miscellaneous Expenses (Schedule H) (9) 30,908.68 10, Debts/Mortgage Liabilities/Liens (Schedule I) (10) 570.17 P-.a 11. Total Deductions (11 3 --47$.85- 12. Net Value of Tax Return C12 :�)o 146=833 5 ,-- 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13 —r- 14. Net Value of Estate Subject to Tax {14 �" �_ - 14650.i',��.Q TAX: z.o ; 15. Amount of Line 14 at Spousal rate (15) DOX pp ' ]%e ICA 0 16. Amount of Line 14 taxable at Lineal/Class A rate (16) 146,350.11 17. Amount of Line 14 at Sibling rate X Q C17) 18. Amount of Line 14 taxable at Collateral/Class B rate .00'.120 tiH} . 00'.15 = " .00 19. Principal Tax Due (19) 6,585.76 TAX CREDITS: PAYMENT RECEIPT DISCOUNT C+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID C-) 12-10-2012 CDO16909 329.29 10,000.00 08-27-2013 REFUND .00 1,448.31- 02-18-2014 REFUND .00 4.05- TOTAL TAX PAYMENT 8,876.93 BALANCE OF TAX DUE 2,291 .17CR INTEREST AND PEN. .00 TOTAL DUE 2,291 .17CR +� 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 OF THIS FORM FOR INSTRUCTTnwc I 'X�\ PAYMENT: Detach the top portion of this notice and submit with your payment mad. Payable to the name and address printed on the reverse side. If payment is for a Resident Decadent, make check or money order payable tot Register of Wills, Agent. If payment is far a Non-resident Decedent, make check or money order payable 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 tax credit, which was not requested on the tax return, may be requested by completing an -Application for Refund of Pennsylvania Inheritance and Estate Tax" (REM-1313). Applications are available from the Department's Web site www.roye.ue..t.t ,P..us , any Register of Wills or Revenue District Office, or from the Department-s 24-hour answering service: 1.800-362-2050; services for taxpayers with special hearing and/or speaking needs: 1-800-447-3020 ill only). REPLY TO: Questions regarding 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 17128.0601, or call (717) 787.6505. DISCOUNT: If any tax due is Paid within three calendar months after the decedent's death, a five percentdiscount of the tax paid is allowed, PENALTY: The 15 percent tax amnesty non-Participation penalty is computed on the total of the tax and interest assesa,d, and not Paid before Jan. 18, 1996, (the first day after the end of the tax amnesty period.) INTEREST: Interest is charged beginning with first day of delinquency or nine months and one day from the data of death to the date of Payment. Taxes which became delinuuent before Jan. 1, 1982 bear interest at the rate of six Percent per annum calculated at a daily rate of 0.000164. All taxes which became delinquent on and after 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 Pennsylvania Resident Instruction ( Booklet (REV-1501), the Pennsylvania Non-resident Instruction Booklet (Rev-1736) or on the Department of Revenue Web site ww revenue.ua.us The applicable interest rates for 2007 through 2014 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor year Rate Factor 2607 8% .000219 2008 7% .000192 2009 5% .000137 2010 4Y .000110 2011-2014 37 .000082 Interest is calculated as followst 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 tofifte.n days beyond the data of the assessment,If payment is made after the interest Pe...tatio, data shownon the notice, additional interest must be calculated. REV-}1814 EgX¢(01,10) ak # pennsylvarna INHERITANCE TAX �..�? DEPARTMENT OF REVENUE EXPLANATION BUREAU OF INDIVIDUAL TAXES OF CHANGES PO Box 280601 P DECEDENTS NAME FILE NUMBER Meda M. Leichte 2112-1094 REVIEWED BY ACN Joan M. Peters 101 ITEM SCHEDULE NO. EXPLANATION OF CHANGES The above referenced Account Control Number has been adjusted to reflect that the real estate has been reduced from $188,000.00 to $114,500.00 per the HUDA form submitted. Page 1