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HomeMy WebLinkAbout12-27-05 12/ VL) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES PO Box 280601 HARRISBURG, PA 17128-0601 12-16-2005 Telephone 717 783-5826 Dale F. Shughart, Jr. Esq. Law Office 35 E. High Street, Suite 203 Carlisle, PA 17013 Re: Estate of Mary L. Whitcomb File Number 2105-0386 Date of Death: 4-12-2005 Dear Mr. Shughart, Jr.: Enclosed is a "Notice of Inheritance Tax Appraisement, Allowance or Disallowance of Deductions and Assessment of Tax," (REV-1547 EX), ACN 101 establishing the tax applicable to all present interests in the above estate. Also enclosed is a "Notice of Inheritance Tax Appraisement, Allowance or Disallowance of Deductions and Assessment of Tax," (REV-1547 EX), ACN 102 establishing the tax applicable to future interests where the rate of tax is uncertain. Based on the provisions of the above decedent's Will, Deed of Trust and the information reported on Schedule M by the estate representative, the Department concurs with the estate representative's compromise proposal, and the tax on the future interests have been assessed as shown on the ACN 102 assessment notice. All existing inheritance and/or estate tax payments have been appropriately applied. Any changes which become necessary as a result of a protest decision or an order of court will be reflected in adjustments to both ACN 101 and ACN 102. Please contact me at the telephone number above if you have any questions. Sincerely, ~-Js ~ Bill Lyons Trust Valuation Specialist Inheritance Tax Division Enclosure BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DI~I.sIQN PO BOX 280601 ~ ! HARRISBURG, PA 17128-06'01 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX DATE ESTATE OF DATE OF DEATH FILE NO. COUNTY ACN 12-16-2005 Mary L. Whitcomb 4-12-2005 2105-0386 Cumberland 101 ~. . '; :-',! I Dale F.-Shughart, Jr. Esq. Law Office 35 E. High Street, Suite 203 Carlisle PA 17013 REV-1547 Ex (06-0S} PC Appeal Date: (See reverse side under Objections) Amount Remitted I I MAKE CHECK PAYABLE AND REMIT PAYMENT TO: Register of Wills Cumberland County Courthouse Carlisle, PA 17013 CUT ALONG THIS LINE c> RETAIN LOWER PORTION FOR YOUR RECORDS <=:J R-Ev~15~fi EX-(ifEi-osypc--- - -- - - -- ----Notit-E-b-F-fNf:fEFHfA-NCE-TA}( A p-PRAig-EMfNt-,-A-Ll.OWANCe- OR - - --.- -- -- -- _ _. ___ _ _ _ _ _ _ _ _ _ _ _ _ __ DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX Mary L. Whitcomb FILE NO. 2105-0386 ACN 101 DATE 12-16-2005 TAX RETURN WAS: (0 ACCEPTED AS FILED (0) CHANGED see attached notice RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3 Closely Held Stock/Partnership Interest (Schedule C) 4. Mortgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/ Misc. Personal Property (Schedule E) 6 Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) 8. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 15,484,53 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 3,34644 11 Total Deductions (11) 18,83097 12. Net Value ofTax Return (12) 1,097,21243 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 0.00 14. Net Value of Estate Subject to Tax (14) 1,097,21243 NOTE: If an assessment was issued previously, lines 14,15 and/or 16, 17 and 18 will reflect figures that include the total of ALL returns assessed to date. PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) TOTAL TAX CREDIT 000 BALANCE OF TAX DUE INTEREST TOTAL DUE 000 ESTATE OF (1) (2) (3) (4) (5) (6) (7) 0,00 1,113,54340 0.00 0.00 2,50000 0.00 0.00 (8) ASSESSMENT OF TAX: 15. Amount of Line 14 at Spousal rate 16. Amount of Line 14 taxable at Lineal/Class A rate 17. Amount of Line 14 taxable at Sibling rate 18. Amount of Line 14 taxable at Collateral/Class B rate 19. Principal Tax Due TAX CREDITS: (15) (16) (17) (18) 2,50000 XOO X .045 X .12 X .15 (19) IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. 1,116.04340 000 000 (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.) RA REV.1470 EX (6-88) INHERITANCE TAX EXPLANATION OF CHANGES COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES PO Box. 280601 HARRISBURG PA 17128-0601 DECEDENT'S NAME REVIEWED BY Mary L. Whitcomb Bill Lyons FILE NUMBER ACN 2105-0386 101 SCHEDULE ITEM NO. EXPLANATION OF CHANGES The tax due on all current interests is reflected on the attached Inheritance Tax Assessment. The tax due on all future interest uncertainties is covered on the attached compromise tax assessment,(ACN 102). ROW Page 1 Appeal Date: (See reverse side under Objections) Amount Remitted I I MAKE CHECK PAYABLE AND REMIT PAYMENT TO: Register of Wills Cumberland County Courthouse Carlisle, PA 17013 CUT ALONG THIS LINE c> RETAIN LOWER PORTION FOR YOUR RECORDS <:J - R-Ev:154-i Ex-(cfs-cfs)-pc - - - - - - - q - - - - -Notic-E- b-F -fN~.fER'-fA-NCE- tA5( AP-PRAis-EMe-Nt-, - A-CLOWANci:- OR -- - - -- - - - -- -- - - - --- - _ _ _ _ _ _ _ _ _ _ __ DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX Mary L. Whitcomb FILE NO. 2105-0386 ACN 102 TAX RETURN WAS: (gJ ACCEPTED AS FILED 0 CHANGED RESERVATION CONCERNING FUTURE INTEREST _ SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: Remainder RETURN BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX 280601 HARRISBURG. PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX DATE ESTATE OF DATE OF DEATH FILE NO. COUNTY ACN 12-16-2005 Mary L. Whitcomb 4-12-2005 2105-0386 Cumberland 102 Dale F. Shughart, Jr. Esq. Law Office 35 E. High Street, Suite 203 Carlisle PA 17013 ESTATE OF 1. Real Estate (Schedule A) (1) 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held Stock/Partnership Interest (Schedule C) (3) 4. Mortgages/Notes Receivable (Schedule D) (4) 5. Cash/Bank Deposits/ Misc. Personal Property (Schedule E) (5) 6. Jointly Owned Property (Schedule F) (6) 7. Transfers (Schedule G) (7) 8. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm Costs/Misc. Expenses (Schedule H) (9) 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 11. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) 14. Net Value of Estate Subject to Tax NOTE: If an assessment was issued previously, lines 14,15 and/or 16, that include the total of ALL returns assessed to date. ASSESSMENT OF TAX: 15 Amount of Line 14 at Spousal rate 16. Amount of Line 14 taxable at Lineal/Class A rate 17. Amount of Line 14 taxable at Sibling rate 18. Amount of Line 14 taxable at Collateral/Class B rate 19. Principal Tax Due TAX CREDITS: 0.00 0.00 0.00 0.00 0.00 0.00 1,094,71243 (8) .~ J:~t' . Ar~1'c ..,>~~.C? . ~:~~~~~~~ REV-1547 EX (06-05) PC DATE 12-16-2005 NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. 1,094,712.43 0.00 000 (11) 000 (12) 1,094,712.43 (13) 000 (14) 1,094,712.43 17 and 18 will reflect figures PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 07 -06-2005 " CD005530 2,050.00 38,95000 10-13-2005 " Cd005894 540.73 TOTAL TAX CREDIT 41,54072 BALANCE OF TAX DUE 0.00 INTEREST 000 TOTAL DUE 000 (15) (16) (17) (18) 171,58523 XOO 923,12720 X 045 X .12 X .15 (19) IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. 0.00 41,540.72 41,540.72 (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.) pj.