HomeMy WebLinkAbout11-17-14 NOTICE OF INHERITANCE TAX pennsytvarna
BUREAU OF INDIVIDUAL TAXES APPRAISEMENT, ALLOWANCE OR DISALLOWANCE DEPARTMENT OF REVENUE
INHF�tITANCE TAX DIVISION OF DEDUCTIONS AND ASSESSMENT OF TAX REV-1647 EX AFP (oB-13)
PO RIX URG280601
PA W90RDcD 0FEICc OF
HARRISBURG PA 171}28-0�6 it U tt�� ��JJ
REGISTI"13r ';'ILLS
DATE 11-17-2014
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2014 OU 17 Ii' 11l 22 ESTATE OF KUNKEL JR LEWIS S
1 Iv ' I DATE OF DEATH 04-08-2013
FILE NUMBER 21 13-0446
GLLE" ' OF COUNTY CUMBERLAND
KATHLEEVRPID�SITEPHET'NSGN IESQ ACN 101
PEPPE ''!! LTON� LLRn p.+ APPEAL DATE: 01-16-2015
3 0 0 0 M7 � -GA4 SQUARE (See reverse side under Objections)
PHILADELPHIA PA 19103 Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
1 COURTHOUSE SQUARE
CARLISLE PA 17013
CUT ALONG THIS LINE --- RETAIN LOWER PORTION FOR YOUR RECORDS
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REV 1547 EX AFP (08-13) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF: KUNKEL JR LEWIS SFILE NO. :21 13-0446 ACN: 101 DATE: 11-17-2014
TAX RETURN WAS: ( ) ACCEPTED AS FILED ( X) CHANGED SEE ATTACHED NOTICE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A) Cl) 1,684,117. 19 NOTE: To ensure proper
2. Stocks and Bonds (Schedule B) C2) 6,928,744.45 credit to your account,
3. Closely Held Stock/Partnership Interest (Schedule C) (3) 521,033.00 submit the upper portionof this form with your
4. Mortgages/Notes Receivable (Schedule D) (4) .00, tax payment.
5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) (5) 554,660.45
6. Jointly Owned Property (Schedule F) (6) .00
7. Transfers (Schedule G) (7) 8,239,376.61
S. Total Assets (8) 17,927,931 ,70
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 188,813. 14
10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 3,663.44
11. Total Deductions _ (11) 192,476.58
12. Net Value of Tax Return (12) 17,735,455. 12
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 8,208,815.61
14. Net Value of Estate Subject to Tax (14) 9,526,639.51
NOTE: If an assessment was issued previously, Lines 14, 15, 16, 17, 18 and/or 19 will
reflect figures that include the total of all returns assessed to date.
ASSESSMENT OF TAX:
15. Amount of Line 14 at spousal rate (15) 2,060,079.90 X 00 = .00
16. Amount of Line 14 taxable at lineal rate (16) 7.464.9;q9-61 X 045 = 335,995. 18
17. Amount of Line 14 at sibling rate (17) 0 0 X 12 = .00
18. Amount of Line 14 taxable at collateral rate C18) .00 X 15 = .00
19. Principal Tax Due (19)= 335,995. 18
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT C+)
DATE NUMBER INTEREST/PEN PAID C-) AMOUNT PAID
07-02-2013 CDO17842 8,210.53 156,000.00
06-09-2014 CDO19296 .00 18,192.06
INTEREST IS CHARGED THROUGH 12-02-2014 TOTAL TAX PAYMENT 182,402.59
AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX DUE 153,592.59
REVERSE SIDE OF THIS FORM INTEREST AND PEN. 4,357.77
TOTAL DUE 157,950.36
* 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 FOR INSTRUCTIONS.
REV-1470 EX(01.10)
4
pennsylvania INHERITANCE TAX
_.__.... DEPARTMENT OF REVENUE EXPLANATION
G f
BUREAU OF INDIVIDUAL TAXES OF CHANGES
PO Box 280601
A 0
DECEDENT'S NAME FILE NUMBER
Lewis S. Kunkel Jr. 2113-0446
REVIEWED BY C. Moyer ACN 101
ITEM
SCHEDULE NO. EXPLANATION OF CHANGES
Under the terms of the marital trust, the trustee may distribute principal to issue during
the lifetime of the surviving spouse. In the absence of a request for a future interest
compromise, the Department has the right to assess tax at the highest rate in the chain
of potential distributions due to the re-marriage provision. Therefore, the tax has been
assessed at 4.5% on the value of the marital trust.
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