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HomeMy WebLinkAbout10-19-90 ~ ".-"" ,. ",-.., \':I' .~':'_.: &.iI .~.-- . c '. ACN COMMONWEAL TM OF PENNSYlVANIA Dep~R1VENT Of R~vENUE BUREAU Of INDIVIDUAL TAXES DEP1, 280601 HARRISBURG, P?- \7128-0601 NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS, AND ASSESSMENT OF TAX 101 ESTATE OF Robert M. Mumma OATE OF DEATH 04-12-86 NOTE: TO INSURE PROPER CREDIT PAYMENT TO THE REGISTER DATE 10-16-90 FILE NO. COUNTY Cumber land TO YOUR ACCOUNT, SUBMIT THE UPPER PORTION OF THIS NOTICE WITH OF WILLS. MAKE CHECK PAYABLE TO "REGISTER OF WILLS, AGENT". YOUR TAX Arthur L. Klein, Esq. c/o Morgan, et al. 2000 One Logan Square Philadelphia, FA 19103 REMIT PAYMENT TO: Register of Wills Cumberland Co. Courthouse Carlisle, PA 17013 Amount Remitted CUT ALONG THIS LINE -- RETAIN LOWER PORTION FOR YOUR RECORDS ...... - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - REV-1547 EX (12-88) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE DR DISALLOWANCE OF DEDUCTIONS A~~SSE~ENT OF TAX ESTATE OF Robert M. Mumma FILE NO. 2186-0398 ACN 1 01 s#.'~: DATE 1 0-A~90 c: LJ rr- r.:J See Att~hed tAA.ice'l '--J T AX RETURN WAS: { } ACCEPTED AS FILED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN. BASED ON: Original Return 1. Rea! Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule Cl 4. Mortgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/Misc. Personal Property {Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) 8. Total Assets I XX) CHANGED C~. 3,927,446.00 25,638.00 9,930,172.00 358,451.00 1,871,251.00 .00 .00 (11 ( 2) { 3} { 4} ( 5) ( 6) ( 7) ( 8) APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Administrative Costs/Miscellaneous E"Kpenses (Schedule H) 10. Debts/Mortgage Liabilities/Liens (Schedule Il 11. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governmental Bequests (Schedule J) 14. Net Value of Estate Subject to Tax NOTE: If an assessment was issued previously, lines reflect figur-es that include the total of ALL ASSESSMENT OF TAX: 15. Amount of line 14 taxable at 6% rate 16. Amount of line 14 taxable at 15% rate 17. Principal Tax Due T AX CREDITS: 19) 445.586.65 {1m 4.583.031.00 {Ill (121 (131 (14) 14, 15 and/or 16 and 17 wi 11 returns assessed to date. (15) 11.084. '340. '35 X.06= (16) .00 X.15= {1?1 '-0 ~ , '1 d; 1 16,112,958.00 5.028.617.65 11.084.340.35 .00 11.084. '340.35 665.060.43 .00 665.060.43 PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST (-) 07-10-86 228835 21,052.63 400,000.00 07-20-87 320483 11,391.02 205,257.00 Interest is charged from 07 21 87 to 10 31-90 at the TOTAL TAX CREDIT 61; ..018.h1 rates applicable as outlined on the reverse side of f---- BALANCE OF TAX DUE 50141.82 this form.* ~40 INTEREST 17.425.6g * IF PAID AFTER THIS DATE SEE ~REVERSE FOR CALCULA TIO TOTAL DUE 67,567.51 OF ADDITIONAL INTEREST \IF BALANCE DUE IS LESS THAN $1 OR IS REFLECTED AS A "CREDIT" (CRI. NO PAYMENT IS REQUIRFnI RESERV A TION: Estates of decedents dying on or before December 12, 1982 - - If any future interest in the estate is transferred in possession or enjoyment to Class B (coJJateraD beneficiaries of the decedent after the expiration of any estate for life or for years, the Commonwealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes at the lawful Class 8 {collateral} rate on any such future interest. PURPOSE OF NOTICE: PAYMENT: REFUND (CRJ: 08JECTIONS: ADMIN- ISTRATIVE CORRECTIONS: DISCOUNT: INTEREST: Inheritance and Estate Tax Act. Act 255 of 1982 (72 Pa. C.S. To fulfill the requirements of Section 1740 of the Section 1740). Detach the top portion of this Notice and submit with your payment to the Register of reverse side. --Make check or money order payable to: REGISTER OF WILLS, AGENT. All payments received shall first be applied to any interest which may be due, with any Wills printed on remainder applied to the tax. A refund of a tax credit. which was not requested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1313l, Applications are available at the Office of the Register of Wills, any of the 24 Revenue District Offices, or from the Department's 24-hour Forms Ordering telephone lines in Harrisburg - (717) 787-8094. in Philadelphia - (215) 560-2065, or in Pittsburgh - (412) 565-3601. Any party in interest not satisfied with the appraisement, allowance or disallowance of deductions, or assessment of tax (including discount or interest) as shown on this Notice may object within sixty (601 days of receipt of this Notice by: --written protest to the PA Department of Revenue. Board of Appeals, Dept. 281021, Harrisburg, PA 17128-1021. OR --election to have the matter determined at the audit of the account of the personal representative, OR - -appeal to the Orphans' Court Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue. Bureau of Individual Taxes, ATTN: Post Assessment Review Unit,Dept. 280601, Harrisburg, PA 17128-0601. 17171 787-6505. See page 3 of the booklet "Instructions for Inheritance Tax Return for a Resident Decedent" {REV- 1 50 1) for an explanation of administratively correctable e"rrors. . If any tax due is paid within three (3) calendar months after the decedent's death, a five percent (5%) discount of the tax paid is allowed. Interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day from the date of death, to the date of payment. Taxes which became delinquent before January 1, 1982 bear interest at the rate of six (8%) percent per annum calculated at a daily rate of .000164. All taxes which became delinquent on and after January 1. 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 1989 are: Year Interest Rate Daily Interest Factor Year Interest Rate Daily Interest Factor 1982 20% .000548 1986 10% .000274 1983 16% .000438 1987 9% .000247 1984 11% .000301 1988 11% .000301 1985 13% .000356 1989 11% .000301 --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen {15l days beyond the date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest must be calculated. REV_1470EXI6_811) -ti!- INHERITANCE TAX EXPLANATION OF CHANGES COMMONWEALTH OF PENNSYlVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 DECEDENT'S NAME SCHEDULE ITEM NO. C 5 A 8 H AS H Bl H B2 H Cl H C3 I 32 I 35 I 32 35 FilE NUMBER Robert M. Mu....a ACN EXPLANATION OF CHANGES Adjusted to $9 , 795,024. Real estate outside. of Pennsylvania is not taxable. Mausoleum expense suspended. This debt may be submitted on a supplemental return. Adjusted to $145,000. Adjusted to $128,800. Disallowed interest on Federal Estate Tax and Inheritance Tax. Miscellaneous cost will total $19,103,08. Adjusted to $77,878.31. Decreased to $476,700. Decreased to $15,750. Interest Disallowed and not verified. TAX EXAMINER, John M. Ross/Martha Miller PAGE 1 of 1 641 21-86-0398 101