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HomeMy WebLinkAbout05-06-15 euxeav or �xorv�oun� raxrs pennsylvania lnheritance Tax '+�� PennSyLVd1118 PO 9�X 280601 OEPARTMENTOFPEVENUE IRRRISBUR6 PP ll128-0601 �nfOrmat��n NQ��Ce a��_�y��ia mma ooe-rn And Taxpayer Response Fi�E No. 2iis-ozse ACN 15502372 DATE 03-27-2015 Type o�Account Estate of IRENE S BRETZEL Sewriry SSN 159-10-6591 X SEC Acct Date 5 Stock KENNETH A BRETZEL CauntyCUMBERLAND Bonds 1620 FO% HOLLOW RO o � a ^� MECHANICSBIIRG PA 17055-6762 C ~ m � � � � o � K :) A �� � n � lJ : r' �. /-. i.. Q� 1 _.•: _:J I � 1 � I—� __� :"J �. . N '-Lq. _ ^' � O 1 E�WARD JONES 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[he account identified. Remit Payment antl Forms to: Account No.&51 Date Established REGISTER OF WILLS Account Balance $629,000.00 � COURTHOUSE S�UARE CARLISLE PA 17013 Percent Taxable X 100 Amount Subject to Tax $629,000.00 Tax Rale X 0.045 NOTE': Ii tax payments are made within three months of the Potential Ta�c Due $28,305.00 decedenfs date of death,deduct a 5 percent discount on ihe[a�c With 5%Discount(Tax x 0.95) $(see NOTE') due. Any inheritance tax due will become delinquent nine mon�hs after the date of death. PART StBp 1 : Please check the appropriate boxes below. 1 A Q No tax is 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 Sfep 2 on reverse. Do nof check any other 6oxes antl disie9ard the amount shown above as Potential Tax Due. g �The information is The above information is correct. no tletluctions are being taken,and paymentwill be sen� . wrrect. with my response. Proceed to Step 2 on reverse. Do nof check any ofher boxes. p �The tax rate is incorrecL � 4.5% I am a lineal beneficiary(parent, child,grandchild.etc.) of Ihe deceased. (Selectcorrecl[ax rate a� right,and comple[e Part � �p� I am a sibling ot the deceased. 3 on reverse.) � 15% All o�her relationships (including none). p �Changes or deductions The information above is incorrect and/or de6ts and deductions were paid. listed. Complete Part 2 and part 3 as appropriate on the 6ack ol[his lorm. E �Asset will be reported on The above-identified asset has been or will be reported and taz paid with the PA Inheritance Tax inheritance tax form Retum filed by the estate representative. REV-1500. Proceed to Step 2 on reverse. Do nof check any other 6oxes. � Please sign and date the back of the form when finished. � PART 2 Debts and Deductions Allowable deb[s and deductions must meet both of the following criteria: A. The deceden�was legally responsible for paymen�, and the esta�e is insuHicient to pay the deductible i�ems. B. Vou paid the de6ts after the death of ihe tlecedent and can fumish pmof of payment if requested by Ihe tlepartment. (I�additional space is required,you may attach 8 V2"x 11"sheets of paper.) Date Paid Payee Descrip�ion Amount Paid Total (Enter on Line 5 of Tax Calculation) $ PART Tax Calculation 3 Ii ou are makin a correction to ihe establishment tlate Line 1 account balance Line 2 ,or Y 9 ( ) ( ) percent tazable(Line 3), please obtain a written correction trom[he tinancial institution and atlach it lo ihis(orm. L Enter the date ihe accoun�was established or titled as it existed at[he date of death. 2. Enter the�otal balance of�he account inGuding any interes�accrued at the date of tlea�h. 3. Enter the percentage of Ihe account ihat is taxable[o you. a. Firs�.de�ermine the percenta9e owned by the decedent. i. Accounts that are held"in tms�for"ano[her or others were 100%owned by the decedent. ii. For joint accoun[s established more than one year prior to the date of death,ihe percen[a9e taeable is 100%divided by�he total number of owners including�he deceden�. (Por example:2 owners= 50%.3 owners=33.33%,4 owners =25/,etc.) b. Next,divide the tlecedenfs percentage owned by the number of surviving owners or 6eneficiaries. 4. The amount subjec[to tae is determinetl by multiplying the account balance by the percent taxable. 5. En�er�he total of any tlebts and deductions daimed�mm Patl 2. 6. The amoun�taxable is de�ermined 6y subtrac�ing the debts and deductions from�he amount subject to tax. Z Enter ihe appropriate tax rate imm S[ep 1 based on your relationship to Ihe decedent. If indicating a different taz rate,please state �f������y Q� your relationship ro the decetlent PAaDepaftinBOt Of flBv9(7U8 1. Date Established 1 2 Accoum Balance 2 $ PAD 3. Percent Taxable 3 X � 4. Amount Subject to 7ax 4 $ 3 5. Deb�s and Deductions 5 q fi. Amount Taxable 6 S 5 �. 7. Tax Rate 7 X � �� e. Tax �ue 8 $ � $ 9. Wi�h 5% Discoun�(Tax x .95) 9 X $tEF1 2: Sign and date below. ReNm TWO completed and signed copies to Ihe Re9ister af Wills listed on the iront of ihis form,� along with a check for any payment you are making. Checks must be made payable to"Register of Wills, Agent" Do not send payment directly b the Departmem of Revenue. Under penal�y of perjury, I declare thal Ihe facts I have repotled above are�rue,correct and comple�e to the bes�of my knowledge antl helief. /� � Work 717-779-7935 ��'� Home 5/5/2015 � �J. Shekletski E Taxpayer Signature � �lephone Number Date IF YOU NEED FURTHER ASSISTANCE, CONTACT PENNSYLVANIA DEPARTMENT OF REVENUE DISTRICT OFFICE, OR THE INHERITANCE TAX DIVISION AT 777-787-8327. SERVICES FOR TAXPAYERS WITH SPECIAL HEARING AND/OR SPEAKING NEEDS ONLY: 1-800-447-3020