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Home My WebLink About09-21-05 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 *'"' < i ~..." , ", i. ,'-', ,;:,~ :..~ INFORMATION NOTICE ("\;-r'l<... ",' AND :~:ifAXP-AYER RESPONSE FILE ACN DATE s~ NO. 21 05 -O<?Lj~ 05144423 09 15-2005 REY-1543 EX AFP (09"OOl ZIT ~ ;.~ ~':Ei ~j (' .. TYP OF ACCOUNT I':;:~~. OF JOYCE S KINTER D SAVINGS S. S. NO. 201-16- 0202 iii CHECKING DATE OF DEATH 03-17-2005 D TRUST COUNTY CUMBERLAND D CERTIF. REMIT PAYMENT AND F~S TO: REGISTER OF WILLS . CUMBERLAND CO COURT ~OUSE CARLISLE, PA 17013 ** THERON W KINTER 3010 YALE AVE CAMP HILL PA 17011 SOVEREIGN BANK has provided the Department with the inforllation listed below which has been used in calculating the potential tax due. Their records indicate that at the death of the above decedent, you were a joint owner/beneficiary of this account. If you feel this information is incorrect, please obtain written correction from the financial institution, attach a copy to this form and return it to the above address. This account is taxable in accordance with the Inheritance Tax Laws of the Commonwealth of PennsYlvania. Questions lIay be answered by callIng (717) 757-8327. COMPLETE PART 1 BELOW . . . SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 2331055025 Date 07-09-2004 To insure proper credit to your accbunt, two Established (2) copies of this notice must accolnpany your payment to the Register of Wills. Make check payable to: "Register of Wills, Ag~t". Account Balance Percent Taxable Anount Subject to Tax Rate Potential Tax Due x .00 50.000 .00 .00 .00 RESPONSE NOTE: If tax payments are made within three (3) months of the decedent's date o~ death, you may deduct a 5% discount of thei tax due. Any inheritance tax due will becomel delinquent nine (9) months after the date of dBeth. : Tax x PART [!] A. [ CHECK ] ONE BLOCK B. ONLY c. lit The above information and tax due is correct. ! ~ 1. You lIay choose to remit payment to the Register of Wills with two copies of this notice ita obtain a discount or avoid interest, or you may check box "An and return this notice to the Re~ister of Wills and an official assessllent will be issued by the PA Department of Revenue. ' [] The above asset has been or will be reported and tax paid with the Pennsylvania Inheritance~ax return to be filed by the decedent's representative. [] The above information is incorrect and/or debts and deductions were paid by you. You IIUSt cOllplete PART ~ and/or PART ~ below. TAX ON JOINT/TRUST ACCOUNTS If you indicate a different tax rate, please state your relationship to decedent: PART [!] TAX RETURN - COMPUTATION LINE 1. Date Established 2. Account Balance 3. Percent Taxable 4, Anount Subject to Tax 5. Debts and Deductions 6. Anount Taxable 7. Tax Rate 8. Tax Due OF 1 2 3 4 5 6 7 8 x x PART [!] DATE PAID PAYEE I TOTAL DESCRIPTION AMOUNT PAID I (Enter on Line 5 of Tax Conputation) $ ! I facts I have reported above are true, correct and HOME (7J;'> 7:l?7,,;-YftF WORK ( > TELEPHONE NUMBER DATE ~ GENERAL INFORMATION 1. FAILURE TO RESPOND WILL RESULT IN AN OFFICIAL TAX ASSESSI1ENT with applicable interest based Dn infDrmatiDn submitted by the financial institutiDn. 2. Inheritance tax becDmes delinquent nine mDnths after the decedent's date Df death. 3. A jDint accDunt is taxable even thDugh the decedent's name was added as a matter Df cDnvenience. 4. AccDunts (including thDse held between husband and wife) which the decedent put in jDint names within Dne year priDr tD death are fully taxable as transfers. 5. AccDunts established jDintlY between husband and wife mDre than Dne year priDr tD death are nDt taxable. 6. AccDunts held by a decedent "in trust fDr" anDther Dr Dthers are taxable fully. REPORTING INSTRUCTIONS PART 1 TAXPAYER RESPONSE 1. BLOCK A - If the infDrmatiDn and cDmputatiDn in the nDtice are cDrrect and deductiDns are nDt being claimed, place an "X" in blDck "A" Df Pert 1 Df the "Taxpayer RespDnse" sectiDn. Sign tWD cDpies and submit them with YDur check fDr the amDunt Df tax tD the Register Df Wills Df the cDunty indicated. The PA Oepartment Df Revenue will issue an Dfficial assessment (FDrm REV-1548 EX) upDn receipt Df the return frDm the Register Df Wills. 2. BLOCK B - If the asset specified Dn this nDtice has been Dr will be repDrted and tax paid with the Pennsylvania Inheritance Tax Return filed by the decedent's representative, place an "X" in blDck "B" Df Part 1 Df the "Taxpayer RespDnse" sectiDn. Sign Dne CDPy and return tD the PA Department Df Revenue, Bureau Df Individual Taxes, Oept 280601, Harrisburg, PA 17128-0601 in the envelDpe prDvided. 3. 8LOCK C - If the nDtice infDrmatiDn is incDrrect and/Dr deductiDns are being claimed, check blDck "C" and cDmplete Parts 2 and 3 accDrding tD the instructiDns belDw. Sign tWD cDpies and submit them with YDur check fDr the amDunt Df tax payable tD the Register Df Wills Df the cDunty indicated. The PA Department Df Revenue will issue an Dfficial assessment (FDrm REV-1548 EX) upDn receipt Df the return frDm the Register Df Wills. TAX RETURN PART 2 - TAX COMPUTATION LINE 1. Enter NOTE: the date the accDunt Driginally was established Dr titled in the manner existing at date Df death. FDr a decedent dying after 12/12/82: AccDunts which the decedent put in jDint names within Dne (1) year Df death are taxable fully as transfers. HDwever, there is an exclusiDn nDt tD exceed $3,000 per transferee regardless Df the value Df the accDunt Dr the number Df accDunts held. If a dDuble asterisk (MM) appears befDre YDur first name in the address pDrtiDn Df this nDtice, the $3,000 exclusiDn already has been deducted frDm the accDunt balance as repDrted by the financial institutiDn. 2. Enter the tDtal balance Df the accDunt including interest accrued tD the date Df death. 3. The percent Df the accDunt that is taxable fDr each survivDr is determined as fDllDws: A. The percent taxable fDr jDint assets established mDre than Dne year priDr tD the decedent's death: 1 DIVIDED BY TOTAL NUM8ER OF DIVIDEO BY TOTAL NUM8ER OF X 100 PERCENT TAXABLE JOINT OWNERS SURVIVING JOINT OWNERS Example: A jDint asset registered in the name Df the decedent and tWD Dther perSDns. 1 DIVIDEO BY 3 (JOINT OWNERS) DIVIDED BY 2 (SURVIVORS) = .167 X 100 l6.7Z (TAXABLE FOR EACH SURVIVOR) B. The percent taxable fDr assets created within Dne year Df the decedent's death Dr accDunts Dwned by the decedent but held in trust fDr anDther individual(s) (trust beneficiaries): 1 DIVIDED BY TOTAL NUMBER OF SURVIVING JOINT OWNERS OR TRUST BENEFICIARIES X 100 PERCENT TAXA8LE Example: JDint aCCDunt registered in the name Df the decedent and tWD Dther persDns and established within Dne year Df death by the decedent. 1 DIVIDED BY 2 (SURVIVORS) = .50 X 100 50Z (TAXABLE FOR EACH SURVIVOR) 4. The amDunt subject tD tax (line 4) is determined by multiplying the accDunt balance (line 2) by the percent taxable (line 3). 5. Enter the tDtal Df the debts and deductiDns listed in Part 3. 6. The amDunt taxable (line 6) is determined by subtracting the debts and deductiDns (line 5) frDm the amDunt subject tD tax (line 4). 7. Enter the apprDpriate tax rate (line 7) as determined belDw. MThe tax rate ImpDsed Dn the net value Df transfers frDm a deceased ChIld twentY-Dne years Df age Dr YDunger at death tD Dr fDr the use Df a natural parent, an adDptive parent, Dr a stepparent Df the child is OZ. The lineal class Df heirs includes grandparents, parents, children, and lineal descendents. "Children" includes natural children whether Dr nDt they have been adDpted by Dthers, adDpted children and step children. "Lineal descendents" includes all children Df the natural parents and their descendents, whether Dr nDt they have been adDpted by Dthers, adDpted descendents and their descendants and step-descendants. "Siblings" are defined as individuals whD have at least Dne parent in CDmmDn with the decedent, whether by blDDd Dr adDptiDn. The "CDllateral" class Df heirs includes all Dther beneficiaries. Date of Death Spouse Lineal Sibling Collateral 07/01/94 to 12/31/94 3% 6% 15% 15% 01/01/95 to 06/30/00 0% 6% 15% 15% 07/01/00 to present 0% 4.5%. 12% 15% CLAIMED DEDUCTIONS PART 3 DEBTS AND DEDUCTIONS CLAIMED AllDwable debts and deductiDns are determined as fDllDws: A. YDU legallY are respDnsible fDr payment, Dr the estate subject tD administratiDn by a persDnal representative is insufficient tD pay the deductible items. B. YDU actually paid the debts after death Df the decedent and can furnish prDDf Df payment. C. Debts being claimed must be itemized fully in Part 3. If additiDnal space is needed, use plain paper 8 1/2" x II". PrDDf Df payment may be requested by the PA Department Df Revenue.