HomeMy WebLinkAbout04-05-83
REV. 1593EX (11-82)
J
PENNSYLVANIA DEPARTMENT OF REVENUE
BUREAU OF ACCOUNTS SETTLEMENT
P.O. BOX 2055
HARRISBURG. PA 17105
INHERITANCE TAX
RECORO AOJUSTMENT
ASSESSMENT
CONTROL NO.
101
ESTATE OF MILLER
OATE OF OEATH 01-13-81
NOTE: TO INSURE PROPER CREOIT
PAYMENT TO THE REGISTER
WILLS, AGENT,II
JACOB
OATE 04- 5- 3
FILE NO. 21 78-0121
COUNTY CUMBERLAND
TO YOUR ACCOUNT SUBMIT THE UPPER PORTION OF THIS FORM WITH YOUR
OF WILLS OF THE ABOVE COUNTY. MAKE CHECKS PAYABLE TO "REGISTER
TAX
OF
H
ROBERT R BLACK
36 S HANOVER ST
CARLISLE PA 17013
PLEASE RETURN THIS
PORTION TO REGISTER OF
WILLS IF PAYMENT DUE
CUT ALONG THIS LINE
- ~ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - .- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
"INHERITANCE TAX RECORO AOJUSTMENT"
ESTATE OF MILLER
JACOB
H FILE NO.21 78-0121
ACN 101
OATE 04-05-83
ADJUSTMENT BASED DN:
COURT DETERMINATION
VALUE OF ESTATE:
1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
3. Closely Held Stock/Partnership Interest (Schedule C)
4. Mortgages and Notes (Schedule D)
5. Cash & Miscellaneous Personal Property (Schedule E)
6. Jointly Owned Property (Schedule F)
7. Transfers (Schedule G)
8. Total Gross Assets
III
I 21
( 3)
I 41
(5)
I 6)
I 71
.00
.00
.00
.00
104,630.51
.00
41,000.00
(8)
145,630.51
OEOUCTIONS ANO EXEMPTIONS,
9. Funeral Expenses/Administrative Costs/Miscellaneous
Expenses (Schedule H)
10. Debts/Mortgages/Liens (Schedule J)
11. Total Deductions
12. Net Value of Estate
13. Charitable Bequests (Schedule J)
14. Net Value Subject to Tax
191
(1OJ
.00
19,997.60
1111
(12)
(13)
(141
19,997.60
125,632.91
5,000.00
120,632.91
TAX:
15. Amount of line 14 taxable at 6% rate
16. Amount of line 14 taxable at 15% rate
17. Principal Tax Due
TAX CREOITS:
1151
(16)
58,974.69
61,658.22
X.06=
X.15=
(17)
3,538.48
9,248.73
12,787.21
PAYMENT RECEIPT DISCOUNT 1+1 AMOUNT PAID
DATE # INTEREST 1-)
10-09-81 I 069740 .00 6,000.00
04-15-82 010648 204.81- 637.21
INTEREST IS CHARGED FROM 04-16-82 TO 04-20-83 TOTAL TAX CREDIT F;.432.4n
AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX OUE 6,354.81
REVERSE SIDE OF THIS FORM.- INTEREST 385.61
. IF PAID AFTER DATE INDICA TED SEE REVERSE FOR CALCULATION TOTAL OUE 6,740.42
OF ADDITIONAL INTEREST
(If Balance Due is less than- $1.00 no payment is required)
RETAIN THIS PORTION FOR YOUR RECOROS .
HEel;,:' ,
'Sl
Interest:
If any tax due is paid within three (3) months after the decedent's death, a discount of
five percent (5%) of the tax paid is allowed,
the discount period is calculated in calendar months. Example: date of death 1 - 1 5-82.
discount period expires 4-15-82.
Except for tax on a future interest. inheritance tax becomes delinquent at the expiration of
nine (9) months from the date of death.
Inheritance tax on a future interest becomes delinquent at the expiration of three months
from:
- the date of election to prepay or
_ the date of death of the life tenant or annuitant
Interest is calculated on a daily basis from
_ delinquent date to date of payment on any tax unpaid on delinquent date
_ date of last delinquent payment to date of payment on any unpaid balance.
Interest is charged at the following rates:
Discount
Delinquent Date
Annual Interest Rate
Daily Interest Factor
5/27/43 to and including 12/31/81
1/1/82 to and including, 12/31/82
1/1/83 to and including 1 2/3 1/83
6%
20%
16%
.000164
.000548
.000438
Those eslates that become delinquent on or before December 31, 1981 will maintain
a constant interest rate. The rate in effect when the tax first becomes delinquent will
remain constant until the delinquent tax balance is paid in full.
Those estates that become delinquent on or after January 1, 1982 will contain a variable
interest rate. Thus, taxes that remain outstanding from calendar year to calendar year will
be subject to the different rates in effect on each January 1.
Interest is calculated as follows:
INTEREST = BALANCE OF UNPAID TAX X
NUMBER OF DAYS X
DAILY INTEREST FACTOR.
If a tax balance remains outstanding for more than one calendar year, a separate interest
determination must be made for each year at the applicable rate. (Only one calculation
is necessary if the estate maintains the constant interest rate.)
Any Notice issued after the tax becomes delinquent will reflect an interest calculation to
fifteen (15) days beyond the date of the notice. If payment is made after the
interest computation date shown on the Notice, additional interest must be calculated.
To Remit Payment: Detach the toP portion of this Notice and submit with your payment to the Register of Wills
of the county shown on the Notice.
Address information is listed on page 13 of the booklet. "Instructions for Inheritance Tax
Return for a Resident Decedent."
Make check or money order payable to: Register of Wills. Agent.