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Home My WebLink About06-26-14 BUREAU OF INDIVIDUAL TAXES Pennsylvania Inheritance Tax pennsylvania PO BOX 280601 HARRISBURG PA 17128-0601 Information Notice DEPARTMENT OF REVENUE And Taxpayer Response FILE NO.2113-0428 ACN 14127378 DATE 05-21-2014 Type of Account Estate of FRANCES W SPRAGUE Savings SSN X Checking Date of Death 03-27-2013 Trust DEBORAH M SPRAGUE County CUMBERLAND Certificate 148 W PINE ST MT HOLLY SPGS PA 17065-1345 c> fT7 ti. K7 � :.77 RsEcu provided the department with the information below indicating that at the death:of theco above-named decedent you were a joint owner or beneficiary of the account identifi @d. Z-3 �1 Account No.122099426 Remit Payment and Forms to_� c —A __ ca Date Established 10.11-1988 REGISTER OF WILLS ~ o F— m Account Balance $5,625.72 1 COURTHOUSE SQUARE Percent Taxable X 50 CARLISLE PA 17013 Amount Subject to Tax $2,612.86 Tax Rate X 0.045 Potential Tax Due $126.58 NOTE': if fax 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 duff A, t am the spouse of the deceased or I am the parent of a decedent who was �r� v ras r 11 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 []The tax rate is incorrect. 4.5% I 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). DE]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. 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. It Debts and Deductions 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°1x,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 t?iflClak lase Ortfya your relationship to the decedent: }oA1De)?3rtiTlent Of R&enue 1. Date Established 1 2. Account Balance 2 $ PAt7" 3. Percent Taxable 3 X 4. Amount Subject to Tax 4 $ A 5. Debts and Deductions 5 - 4 6. Amount Taxable 6 $ T Tax Rate 7 X 8 ttw rjxh , a,c t`s t1 n a ee ah a+.k vus m �w' 8. Tax Due 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. (� � Fyn Work d-l�y��`�{��1G t Cdr LL4. f I I ✓-- Home 7f7 "S 7b 3.�8 tQ 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 REV-t5o9 EX+(ot-io) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE INHERITANCE TAX RETURN JOINTLY-OWNED PROPERTY RESIDENT DECEDENT ESTATE OF: PILE NUMBER: Frances W. Sprague 21-13-428 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 Deborah M. Sprague 198 W Pine St Daughter Mt Holly Springs, PA 17065 B. 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 101m IDENTIFYING NUMBER,ATTACH DEED FOR JOINTLY HELD REAL ESTATE VALUE OF ASSET INTEREST DECEDENTS INTEREST I. A. 03/16190 StifeiNicolaus-Acct#ON047455-0433 168,128.63 50 84,063.32 2, A. 0710183 PSECU Checking-Acct#0450417845 3,453.66 50 1,726.83 3. A 07101183 PSECU Christmas Club-Acct#0450417845 400.97 50 200.49 4, A. 07101183 Key Bank Checking-Acct#327580020532 1,793.73 50 896.87 -�� TOTAL (Also enter on Line 6, Recapitulation) $ 86,887.51 If more space is needed,use additional sheets of paper of the same size.