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HomeMy WebLinkAbout05-11-15 (6) BUREAU OF INDIVIDUAL TAXES Pennsylvaniheritance Tax penn$yLvama PO BOX 280601 HARRISBURG PA 17128-0601 r rxf'o!mli n Notice DEPARTMENT OF REVENUE Arad-TaXolaj%r Response REV-1543B EX oo�EXE< <oa-,z� v i FILE NO.2115-0256 n ACN 15503832 c 3 2b DATE 05-05-2015 Type of Account Irk 0r Estate of WILLIAM S LITTLE Security P $ SEC Acct Date of Death 02-24-2015 X Stock THOMAS J MILLER County CUMBERLAND Bonds 16245 S 25TH PL PHOENIX AZ 85048-9321 INVESTOR RELATIONS DEPT 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.568713 Remit Payment and Forms to: Date Established REGISTER OF WILLS Account Balance $ 18,528.27 1 COURTHOUSE SQUARE Percent Taxable X 100 CARLISLE PA 17013 Amount Subject to Tax $ 18,528.27 Tax Rate X 0.150 Potential Tax Due $ 0.150 24 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 F�No tax is due. I am the spouse of the deceased or 1 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]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 El 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.) F1 15% All other relationships (including none). D [—]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. EAsset 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. t PART [���� HF��� r� ~,�^^�� �O= =�~°W""oOs Allowable debts and deductions must meet both nfthe 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 iurequired,you may attach 81/2^x11^sheets ofpmpor.) Date Paid Payee Description Amount Paid Total(Enter on Line 5 of Tax Calculation) , $ PA Tax Calculation �--�--� Ifyou are making mcorrect|umtmthe emtob!�hnnentdate('Line 1)account balance(Line 2),urpercent taxable(Line 3), please obtain axv��mncmrmxtimmfnnmuthe financial inxtitwtimmand attach 1ttpthis form. 1. Enter the date the account was established ortitled uakexisted at the date oddeath. 2. Enter the total balance ofthe account including any interest accrued at the date ofdeath. 3. Enter the percentage ofthe account that iotaxable\oyou. a. First,determine the percentage owned bythe decedent. L Accounts that are held"intrust for"another or others were 100%owned by the decedent. U. For established more than one year prior to the date of death,the percentage taxable is 100%divided bythe total number ofowners including the decedent. (For example:2owners=50%.3owners~33.33%.4owners =2S%`etcj 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 0othe decedent. If indicating a different tax rate,please state Official Use Only 0 AAF your relationship to the decedent: PA Department of Revenue 2. Account Balance 2 $ PAD 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 Register ofWills listed onthe front ofthis form, along with ocheck for any payment youarnmoking. Checks must bemade payable bu"Register ofWills,AgenL^ Donot send payment directly tnthe 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