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HomeMy WebLinkAbout10-27-14 (6) BUREAU OF INDIVIDUAL `A ` REGO RDED 0 ll niVylvania Inheritance Tax ennS Lvania PO BOX 280601 r� y P Y HARRISBURG PA 17128-0601 pr r! r` [ information Notice DEPARTMENT OF REVENUE REIGISTE And Taxpayer Response REV-1541 EX D-EXEC(08-12) Z01y COT 27 F � � � ACN NO1415635021 — 1y -`7' DATE 10-13-2014 Ci_i:_,, ORP `�,5 ' r W Type of Account C U M B 1�"1' ' " � Estate of NANCY H HOFMANN Savings SSN Checking Date of Death 09-29-2014 Trust PAMELA A CASERTA County CUMBERLAND X Certificate 3908 BROOKRIDGE DR MECHANICSBURG PA 17050-2103 MEMBERS IST FCU 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.349342 Remit Payment and Forms to: Date Established 12-09-2011 REGISTER OF WILLS Account Balance $22,362.73 1 COURTHOUSE SQUARE Percent Taxable X 50 CARLISLE PA 17013 Amount Subject to Tax $11,181.37 Tax Rate X 0.045 Potential Tax Due $ 0.045 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 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% 1 am a lineal beneficiary (parent,child,grandchild,etc.)of the deceased. (Select correct tax rate at right, and complete Part F_� 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 P�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. PART ' 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 isrequired,you may attach 81/2^x11''sheets nfpeperj Date Paid Payee Description Amount Paid Total (Enter on Line 5 of Tax Calculation) , $ PA Tax Calculation �--�--� 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. 8. Enter the total balance ofthe account including any interest accrued at the date ofdeath. 3. Enter the percentage ofthe account that iutaxable toyou. a. First,determine the percentage owned bythe decedent. i. Accounts that are held"intrust for"another or others were 100%owned by the decedent. ii. For accounts established more than one year prior tothe date ofdeath,the percentagetaxable io100%divided bythe total number ofowners including the decedent. (For example:2owners=5O%' 3owners~3333%.4owners ~25Y6.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 ofany debts and deductions claimed from Part 2. 8. 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 onyour relationship!othe decedent. If indicating a different tax rate,please state your relationship to the decedent: veEstablished 2. Account Balance 2 $ 3. Percent Taxable 3 X 1k 4. Amount Subject to Tax 4 $ MIN 4 WO 5. Debts and Deductions 5 6. Amount Taxable 6 $ OWN Ir 7. Tax Rate 7 X Step 2: Sign and date below. Return TWO completed andsigned copies to the Register ofWills listed onthe front ufthis form, along with acheck for any payment youaremaking. Checks must bemade payable to"Register nfWills,Agent.^ Donot send payment directly onthe Department ofRevenue. 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