Loading...
HomeMy WebLinkAbout11-06-14 BUREAU OF INDIVI°UAL TAXES Pennsylvania Inheritance Tax ytvarna PO BOX 280601 Penns Y �ennsJ HARRISBURG PA 17128-0601 Information NoticeDEPARTMENT OF REVENUE - -' REV-15438 E%DocEXEC (08-12) And Taxpayer Response FILE NO.2114-0700 ACN 14507395 DATE 10-17-2014 Type of Account Estate of ARLENE F GREGORY Security SSN X SEC Acct Date of Death 07-13-2014 Stock . MELISSA L MCCURDY County CUMBERLAND Bonds�� 603 RENO ST r NEW CUMBERLAND PA 17070-1950 rT7 co Q r— i— rrl �• CT) cz" CD rU r M ARIS CORPORATION 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.676 Remit Payment and Forms to: Date Established REGISTER OF WILLS Account Balance $310,796.46 1 COURTHOUSE SQUARE Percent Taxable X 16.667 CARLISLE PA 17013 Amount Subject to Tax $51,800.45 Tax Rate X 0.045 Potential Tax DueNOTE*: If tax payments are made within three months of the $2,331.02 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 taxis 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 F�Tlhe iriformation 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 F]The tax rate is incorrect. F_� 4.5% 1 am a lineal beneficiary(parent,child,grandchild, etc.)of the deceased. (Select correct tax rate at right,and complete Part F—I 12% 1 am a sibling of the deceased. 3 on reverse.) Q 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 ©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. ��� Debts H ���� rH ,���°°~� ��M� =�=U�"ons Allowable debts and deductions must meet both ufthe following criteria: A. The decedent was legally responsible for payment,and the estate is insufficient to'puythe deductible items. B. You paid the debts after the death of the decedent and can furnish proof of payment ifrequested bythe department. (if additional space isrequired,you may attach O1/2^x11^sheets ofpaper.) Date Paid Payee Description Amount Paid Total(Enter on Line 5 of Tax Calculation) , $ PA Tax Calculation If ' -m��� correction establishment )account ba�mce(Line 2).mr percent twxab�(��me 3), please obtain mwritten correction from the financial institution and attach ittmthis 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 odthe account that iotaxable toyou. o. First,determine the percentage owned bythe decedent. i Accounts that are held"intrust for"another ovothers were 1UO%owned bythe decedent. ii For established more than one year prior 0mthe date dfdeath,the percentagetaxable iu100%divided bythe total number ofowners including the decedent. (For example:2owners=5U%.3owners~33.33%.4owners =25%.etr.) 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. . . 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 I based on your relationship to the decedent. If^ ^indicating~different tax rate,please state Official Use Only 0 AAF your relationship to the decedent: PA Department of Revenue PAD 2. Account Balance 2 $ 3. Percent Taxable 3 X 4. Amount Subject to Tax 4 $ 3 5. Debts and Deductions 5 - 4 Step 2: Sign and date below. Return TWO completed andsigned copies to the Wills listed onthe front ofthis form, along with acheck for any payment you are making. Checks must bemade payable to"Register ofWills,Agent.^ Do not send payment directly to the Department ofRevenue. Under penalty ofperjury, |declare that the facts |have reported above are true,correct and complete<o the best nfmyknowledge and belief. \A/oM« 01 1 Home ^�� ' -~ Telephone Number Date a� s t ill fif1 M