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Home My WebLink About05-14-14 BUREAU OF INDIVIDUAL TAXES Pennsylvania Inheritance Tax ]t pennsylvania PO BOX 280601 �' DEPARTMENT OF REVENUE HARRISBURG PA 17128-0601 Information Notice vewisaax sx uozxec <ve- zv And Taxpayer Response FILE NO. 2114-0218 ACN 14502237 DATE 04-14-2014 Type of Account Estate of GLENN A STAMBAUGH Security SSN SEC Acct Date of Death 03-02-2014 Stock GLENN E STAMBAUGH County CUMBERLAND Bonds 1169 CLAREMONT RD CARLISLE PA 17015-9744 -" n s y r-n _ VANGUARD 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.88051706919 Remit Payment and Forms to: Date Established REGISTER OF WILLS Account Balance $76,176.93 1 COURTHOUSE SQUARE Percent Taxable X 50 CARLISLE PA 17013 Amount Subject to Tax $38,088.47 Tax Rate X 0.045 Potential Tax Due $ 1,713.98 NOTE If tax payments are made within three months the decedent's date of death,deduct a 5 percent discount on n 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 FIThe 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 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 ❑ 12% 1 am a sibling of the deceased. 3 on reverse.) ❑ 15% All other relationships (including none). D 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 RJAsset 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. REV-1500. Proceed to Step 2 on reverse. Do not check any other boxes. Please sign and date the back of the form when finished. 1 ' t. 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. First,determine 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 0 AAF your relationship to the decedent: PA Department of Revenue 1. Date Established 1 2. Account Balance 2 $ —j to,y1-1. 1Y PAD 3. Percent Taxable 3 X 50 1 4. Amount Subject to Tax 4 $ 38, a 33• 2 3 5. Debts and Deductions 5 - 4 6. Amount Taxable 6 $ 39, a 3 8.l0 1 5 7. Tax Rate 7 X . 045 6 8. Tax Due 8 $ i '7 dG,-1`{ 17 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. workLI )l)•)4 61-622 �J Home c TaxpayerSignat/re APgAe+z-C-ti-4� 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 Vanguard' Vanguard Flagship Services " ° _` ';03 March 20, 2014 �� =� !9a22-1103 vanguard tom TAMMY SIEGRIST SALZMANN HUGHES PC 354 ALEXANDER SPRING RD STE 1 CARLISLE PA 17015 Re: Estate of Glenn A Stambaugh Dear Ms. Siegrist: I am responding to the telephone call we received requesting a valuation of Glenn A. Stambaugh's Vanguard account as of March 2, 2014. The information requested is included on the enclosed account value report. If you have any questions, please call me at 800-345-1344, Ext. 5273, on business days from 8 a.m. to 10 p.m. or on Saturdays from 9 a.m. to 4 p.m., Eastern time. If I'm unavailable, you can speak with another representative, or you can leave me a voice mail and I will return your call. Sincerely, Delores Rapoport Registered Representative Enclosure(s): "Glenn A. Stambaugh Individual Account Value Report 52618366 USPL Pace > 1 of 1 ,t�, Vanguard Report for 0310212014 Glenn A Stambaugh Flagship Services:800-345-1344 1171 Claremont Rd Delores Rapoport extension 15273 Carlisle, PA 17015-9744 - - - 477.24 Total report value: - TOD - Equal Beneficiaries (Total report value includes any accrued dividends.) are decedents children- Glenn E. Stambaugh Nancy J. Freeman Glemi A'Stambaugh-Individual Account " II Accrued Account value summary - Date Price Per I Dividends Fund &Account Shares Share" Value' I Name Number Opened $1048264'' $0.01 0063-88051706919', 08/08/2011 10,482.640,. $1.00,,, 450.1711 $11.44' $5,149.96 - PATax-Exempt Money Mkt _ 0053-88051706919', 0810812011 999.967. $47.39 $47,388.44,, Precious Metals 8 Mining $2 79 Total Stock Mkt ldx Adm 0585-88051706919 11/1012011 , - 0077-88051706919' 08108/2011 1 189574 $11.31 _--$76 474.44 1' $2.80 PA LT Tax-Exempt Investor - ITotals 'Doesn't include accrued dividends. As of the prior business date,0212812014,since the report date Is a nonbusiness day. 0541741640 03/20/2014 13:44:16