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HomeMy WebLinkAbout03-30-15 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE ;;' Pennsylvania "'-BUREAU OF INDIVIDUAL TAXES. NOTICE OF NONRESIDENT INHERITANCE DEPARTMENT OF REVENUE INHERITANCE TAX DIV S REV-537 EX AFP (11-14) �° TAX APPRAISEMENT, ALLOWANCE OR rPi° s128ei}� © DISALLOWANCE OF DEDUCTIONS, �� WILLS AND ASSESSMENT OF TAX NOTICE DATE 03-30-2015 ZnJ J � Q '30 �� 12 y ESTATE OF MCNULTY III JAMES W U Tl DATE OF DEATH 01-13-2014 �LL <<( FILE NUMBER 99 15-0143 . R �,cSTATE OF DOMICILE (S56e&1A �-- `�5"' ( CRFOI�N� t'D�V�IDSONs COUNTY CODE a CUMYDST''-&'DAVID9ON j APPEAL DATE: 05-29-2015 PO BOX 437 (See reverse side under Objections) HERSHEY PA 17033 Amount Remitted MAKE CHECK PAYABLE AND REMIT PAYMENT TO: PA DEPARTMENT OF REVENUE PO BOX 280601 HARRISBURG PA 17128-0601 CUT ALONG THIS LINE RETAIN LOWER PORTION FOR YOUR RECORDS 4- ------------------------------------------------------------------------------------------ REV-537 EX AFP (11-14) NOTICE OF NONRESIDENT INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF MCNULTY III JAMES W FILE NO. 99 15-0143 ACN 101 DATE 03-30-2015 TAX CALCULATION METHOD ELECTED: (X ) FLAT RATE ( ) PROPORTIONATE TAX RETURN WAS: ( ) ACCEPTED AS FILED ( X) CHANGED SEE ATTACHED NOTICE RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) (1) 112,000.00 NOTE: To ensure proper 2. Stocks and Bonds (Schedule B) (2) 00 credit to your account, 3. Closely Held Stock/Partnership Interest (Schedule C) (3) .0 0 submit the upper portion 4. Mortgages/Notes Receivable (Schedule D) (4) 00 of this form with your 5. Cash/Bank Deposits/Mist. Personal Property (Schedule E) (5) 00 tax payment. 6. Jointly Owned Property (Schedule F) (6) 00 7. Transfers (Schedule G) (7) 00 8. Total Assets (8) 112,000.00 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Mist. Expenses (Schedule H) (9) 00 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 106,435.38 11. Total Deductions (11) 106,435.38 12. Net Value of Tax Return (12) 5,564.62 13. Charitable/Governmental Bequests (Schedule J) (13) .00 14. Net Value of Estate Subject to Tax (14) 5,564.62 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) .00 X 00 = .00 16. Amount of Line 14 taxable at Lineal/Class A rate (16) 5,564.62 X 045 = 250.41 17. Amount of Line 14 at Sibling rate (17) .00 X 12 = .00 18. Amount of Line 14 taxable at Collateral/Class B rate (18) .00 X 15 = .00 19. Principal Tax Due (i9) 250.41 TAX CREDITS: PAYMENT RECEIPT DISCOUNT (+) DATE NUMBER INTEREST/PEN PAID ( ) AMOUNT PAID INTEREST IS CHARGED FROM 10-14-2014 TO 04-07-2015 TOTAL TAX CREDIT 00 AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX DUE 250.41 REVERSE SIDE OF THIS FORM LINTEREST AND PEN. 3.61 TOTAL DUE 254.02 IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. j�lJ REV-1737-2 Ex+(6-08)(FI) penn ` sy�van�a SCHEDULE A, PART' 1 � > DEPARTMENT OF REVENUE REAL ESTATE INHERITANCE TAX RETURN IN PENNSYLVANIA NONRESIDENT DECEDENT , ESTATE OF FILE NUMBER MCNULTY, JAMES W. Part 1 must include all real property owned by the decedent individually or as a tenant in common with another party(ies), having its situs in Pennsylvania. Property jointly-owned with right of survivorship should be disclosed on Schedule F. All real estate must be reported at fair market value,which is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell and both having reasonable knowledge of the relevant facts. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH �. 142 D 15TH STREET,NEW CUMBERLAND, CUMBERLAND COUNTY PENNSYLVANIA 112,000.00 PART 1 TOTAL 112,000.00 PART 2 TOTAL (From reverse side.) $ TOTAL (Also enter on Line 1, Recapitulation) 1 $ . (If more space is needed, use additional sheets of paper of the same size) OMS Approval No.2502.0265 „aura g Illilll,� A.Settlement Statement(HUD-1) �'IIIII�II� 1.Fj FHA 2.❑RHS 3.❑Conv.Unins, s.File Number. 7.then Nvm6ar. e.Mortgage 11 no*Coe Number, 4.❑VA 5.nconv.Ins. KVVC66076 C.Note: This form is furnished lo give you a statement of actual seteoment costs.Amounts ped to and by the seNement agent are sham.Items marked'(p.o.o.)'were paid outskle Ore dosing;they are sham here for Informational purposes and are not actuded In fhe lotals. 0.Name d Address of Borrower. E Name 6 Address of Seeer: F.Name S Addrass of Lader. _ AMY SULLIVAN ESTATE OF JAMES MCNULTY PENNSYLVANIA STATE EMPLOYE'Es CREDIT UNION ATTN:PAYMENTS 1500 ELMERTON AVENUE HARRISBURG,PA 17110 G.Property Location: H.Sateamont Agent PINNACLE LAND TRANSFER,LLC L.setOart em 4ate 1420 15tH STREET 4242 CARLISLE PIKE,SUITE 151-8, 2117/2015-,-' NEW CUMBERLAND,PA 17070(CUMBERLAND) CAMP HILL,PA 17011 (717)920.3331 (26.23-0541-218A-U4) Place of Settlement 4242 CARLISLE PIKE,SUR-151-13, CAMP HILL,PA 17011 (717)920.3331 J.Summary of Borrower's Transaction K.Summary Of Seller's Transaction 100.Gross Amount Due From Borrower 400.Gross Amount Due To Seller 101.Contract sales price $112,000.00 401.ConUect sales price $112,Q00.00 102.Personal Property 402.Personal Property 103.Settlement Charges to Borrower line 1400 $5,812.53 403. 104. 404: 105. 405. Adjustments for Items paid by seller In advance Adjustments for items paid by seller in advance 106.Cf Itown taxes 406.CI /town taxes 107.County taxes . 407.County taxes 108.Assessments 211712015 to 6/3 01201 5 $213.57 408.Assessments?J17/20115-to 6/302015 $213.57 109.Trash 2/172015 to 3/312015 $18.22 409.Trash 211712015 to 3131/2015 $18.22 110.February Association Dues 2!1712015 to 212812015 $30.56 410:February Association Dues 2/1712015 to 2282015 $30.56 111. 411. - 112. 412. 120.Gross Amount Due From Borrower $118,074.88 420.Gross Amount Due To Seller $112,262.35 200,Amounts Paid By Or In Behalf Of Borrower" 500.Reductions In Amount Due To Seller' 20t:Deposit or Earnest Money $1,000.00 501.Excess de it see Instructions 202.Principal amount of now loan. $89,600.00 502.Settlement Charges to Seller line 1400 $8,455,00 203.Existing loan taken subject to 503.Existing ban taken subject to. 204.Lender Credit for Fees from Pennsytvania State Employees $373.58 504.Payoff of first mortgage loan to OCWEN Loan Servicing,LLC $84,331.56 205. '' 505.Payoff of second mortgage loan to 21st Mortgage;` ' $22,103.82 l 206. 506.Earnest money retained by Amy Sullivan-- 207.Seller Assistance $2,000.00 507.Seller Assistance $2,000.00 208,Dishwasher Credit $500.00 508.Distnvasher Credit $500.00 209. 509. Adjustments for Items unpaid by seller Adjustments for Items unpaid by seller., - 210.Ci !town taxes 510.Cityllown taxes 211.County taxes 1/112015 to 9/1712015 ' $97.40 511.County taxes 1112015 to 2/17/2015 $97.40 212.Assessments 512.Assessments, 213.Sewer 1/112015 to 21172015 $40.47 513.Sewer 1112015 to 2!1712015 $40.47 214 514 215. 515. 216. 516. 217._ 517. 218. 518. 219. . - 519. 220.Total Paid By/For Borrower $93,611.45 520.Total Reduction Amount Due Seller $1117,528.25 300.Cash At Settlement From/To Borrower 600.Cash At Settlement TolFrom Seller 301.Gross Amount Due From Borrower fine 120 $118,074.88 601.Gross Amount Due To Seller line 420 $112,262.35 302.Less Amounts Paid B 1For Borrower line 220 $93,611.45 602.Less Deduction In Amt.Due.To Seller fine 520 $117,528.25 303.Cash QFr m PTOBorrower $24,463.43 603.Cash QTod❑From Seller $5.265.90 Previous editions are obsolete Page 1 of 4 02/162015 09:14 AM HUD-1 L.Settlement Charges 700.Total Real Estate Broker Fees Paid From •: 'Paid From Divisl'on of Commission(tine 700)as f0flaws: Borsowees, Seller's' 701.$3,300.00 to Keller Williams of Centel PA Fufids at Funds at 702.$3,300.06 to Keller Williams of Central PA• -,Setueirient - Sedement• 703.Commission paid at Settlement - $6.640.01) 704.Broker Fee to OCWEN Loan Servicing,LLC $495A0 705.Broker Fee to Keller Williams of Central PA 495.00 800:Items Payable in Connection With Loan :. 801.Our origination charge$550.00` from GFE#1 . 802.Your credit or charge(points)for the specific interest rate chosen from GFE#2 803.Your ad'sted origination charges from GFE A $550.00 804.Appraisal Fee to Pennsylvania State Em to ees Credit Union from GFE 0 $350.91 805.Credit Report to CBC tnno4. Com GFE#3 $16.17 805.Tk service to from GFE t#3 807.Flood Certification to PSECU(LPS National Flood) from GFE#3 $6.50 900;Items Required By Lender To Be Paid in Advance . 901.Daily interest charges from 2117!2015 to 311!2015 @ 7.9781/day to Penns ansa State Employees Credit Unomm GFE#14 $95.74 902.Mo a e Insurance Promtum. from GFE#3 903.Homeowner's Insurancefrom GFE#11) 1000.Reserves 6e osited With Cender- •- ` 1001:Initial deposit for your escrow account from GFE#9 $1,473.21 1002.Homeowner's insurance 12.00 months per month 1003.Mortgage insurance l2.00 months @ per inor th . 1004,Pro a taxes 13.00 months $64.15 per month$833.95 1005.School Taxes 9.00 months @$99.54 per month$895.86 1007.Agonagate,Adjustment$256.60 1100.Tibe Cha es 1101.Titre services and lender's tine insurance: from GFE#4 $1,305.00 1102.Settlement or closing fee to Pinnacle Land Transfer,'LLC 1103.Owners true insurance to Pinnacle Land Transfer,LLC from GFE#5 $115.00 1104.Lenders title insurance to Pinnacle Land Transfer,LLC. $1,095.00 1105.Lender's title policy IIm1C $89,60000 ' 1106.Owner's title policy limit•-$112,000.00. 1107.Agents portion of the total title insurance premium to Pinnacle Land Transfer,LLC $1,028.50 1108.Underwriter's portion of the total utla insurance premium to Old Republic National Title insurance Company, $181.50 1109.Closing Protection Letter to'01d Re ublic National Title Insurance Company $125.00 1110.E Doc Fee to Pinnacle Land Transfer,,-LLC $50.00`. " 1III 1.Ovem ht Fee to Pinnacle land Transfer,LLO $15.00 1112.Notary Fee to Michelle L.McClung $20.00. MO.Go4einmentRecording and Transfer Char es 1201,Government recording charges- from GFE#7 $210.04 1202.Deed$79.00 Mortgage$131.00 Releases$-',- 1203.Transfer taxes- (from GFE#8 $1,120.00 $1,120.00 1204,City/Countytaxtstamps Deed$1,120.00 MongageV 1205.State tax/stamps'-Deed$1,120.00 Mortgage$ 1300.AddiOonal Settlement Charges 1301.Re uired services that you can shop for from GFE#6 1302.Survey 1303.Pest Inspection r. 1305.February Association Dues toCumbedand Crossing Condo Assoctation $75.04 1306.Overnight Feb to Pinnacle-Land Transfer;LLC $30.00 1307.Tax Cert Fee to Pinnacle Land Transfer,LLC $10.00 1348.March Association Dues to Cumberland Crossing Condo Association $75.04 13D9.Deed Prepto Pinnacle Land Transfer,LLC $125.00 r 55,812.531400. 58,455.00 Previous editions are obsolete Page 2 of 4 02116/2015 09:14 AM HUDA Comparison of Good Faith Estimate.(GFE)and HUD-1 Charges Good Faith Estimate HUD-1 Charges That Cannot Increase HUD-1 Line Number Our origination charge #801 $550.00 $550.00 Your credit or charge(points)for the specific Interest rate chosen #802 ' Your adjusted originabon charges #803 $550.00 $550.00 Transfer taxes #1203 $2,240.00 $1,120.00 Charges That in Total Cannot Increase More Than 10% Good Faith Estimate' HUD-1. Government recording charges #1201 $474.00 $210.00 Appraisal Fee to Pennsylvania Slate Employees Credit Union #804 $350,391.00 $350.91 Credit Report to CBC Innovis #805 $16.17 $16.17 Flood Certification to PSECU(LPS National Flood) #807 $6.50 $6.50 # # Total $350,887.67 $583.Increase between GFE and HUD-1 Charges 58 •$350,304.09 or •99.83368 Charges That Can Change - Good Faith Estimate` -' HUD-11' Initial depositfor your escrow account #1001., $1,606.71 $1,473.21 Daily interest charges #901 .$7.9781/day $215.41 $95.74 Homeowner's insurance .#903 Title services and lender's 00e Insurance #1101 $1,620.00 $1,305.00 Owner's title insurance to Pinnacle Land Transfer,LLC #1103 $115.00 $115.00 Loan Terms Your initial loan amount is $ 89,600.00- Your loan term Is 30.00 years Your initial interest rate is .Your initial monthly amount owed for principal,Interest,and any $ 389.94 includes mortgage insurance Is ❑✓Principal ❑✓Interest ❑Mortgage insurance Can your interest rate rise? ❑No. ✓❑Yes,It can rise to a maximum of 8.250%The first change will be on March 1,2016 and can change again every'12 months after March 1,2016.Every change date,your interest rale can Increase or decrease by 1.000%.Over the life of the loan,your interest rate Is guaranteed to never be lower than 2.500°/or higher than 4.250 Na Even if you make payments on time,can your loan balance rise? ✓❑No.E]Yes,it can rise to a maximum of$ Even if you make payments on time,can your monthly amount. ❑✓No. E]Yes,the first Increase can be on and the monthly amount owed for principal,Interest,and mortgage Insurance rise? owed can rise to$ The maximum it can ever rise to Is$ Does your loan have a prepayment penalty? Z No.❑Yes,your maximum prepayment penalty is$ Does your loan have a balloon payment? ❑✓No. ❑Yes,you have a balloon payment of$ due in years on Total monthly amount owed Including,escrow account payments [-]You do not have a monthly escrow payment for items,such as property taxes and homeowners Insurance.You must pay these Items directly yourself. ❑✓You have an additional monthly escrow payment of$ 163.69 that results in a total initial monthly amount owed of$ 553.63: This includes principal,interest,any mortgage insurance and any items checked below: ❑✓Property taxes -]Homeowners insurance ❑Flood Insurance ❑;' Note:If you have any questions about the Settlement Charges and Loan Terms listed on this form,please contact your lender. Previous editions are obsolete Page 3 of 4 02/16/2015 09:14 AM HUD-1 a ` I have.carotuliy reviewed the HURT Selllemenl Statement and to the best of my knowledge and belief it is We and accurate statement of all receipts and disbursements made on my account of by me In this hansacllon. (further certify(hat I have resolved a copy of the HUD-1 Settlement Statement. _ BORROWERS SELLERS AMY—�LNAN -ESTATE OF JAMES MCNULTY The HUD-1 Settlement Statement which I have prepared Is a true and accurate account of this transaction,I have caused or I win cause The funds to be disbursed In ambdamcewith INs statement. ementA nt Date 211712015 Previous editions are obsolete . . Page 4 of 4 02/17/2015 0259 PM HUD-1 REV-1470 EX(01-10) t� pennsylvania INHERITANCE TAX DEPARTMENT OF REVENUE EXPLANATION BUREAU OF INDIVIDUAL TAXES OF CHANGES PO Box 280601 HARRISBURG, 8-06 DECEDENT'S NAME FILE NUMBER MCNULTY III JAMES W 9915-0143 i REVIEWED BY ACN Bloom Agent ID 097 101 ITEM SCHEDULE NO. EXPLANATION OF CHANGES H Reduced the scheduile to zero. I Reduced the schedule to $106,435.38. Section 9116(b)�2) of the Inheritance and Estate Tax Act of 1991 sets forth the method of computation of Inheritance Tax in the estate of a nonresident decedent. When the tax is c' lculated by the flat rate method, the only deductions allowed by the statute are any mortgages, liens or taxes that encumbered the Pennsylvania property which were due and wing as of the decedent's date of death. i ROW Pagl-