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Home My WebLink About01-13-06 BURE.t'U OF INDIVIDUAL TAXES INHE~ANCE TAX DIVISION PO BOX 280601 HARRISBURG, PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE F;; I: 5:5 NOTICE OF INHERITANCE TAX . APPRAISEMENT, ALLOWANCE OR DISALLOWANCE . OF DEDUCTIONS AND ASSESSMENT OF TAX DATE ESTATE OF DATE OF DEATH FILE NO. COUNTY ACN REV,1547 EX (06-05) PC ,'._,-",-.' I r . . . ~'rl~ r~-~! 10'') I~ v.. '.,I \.r [ 'j ; ~ ,j 1-12-2006 Fredrick B. McGillvray 1-4-2005 2105-0056 Cumberland 101 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 Q RETAIN LOWER PORTION FOR YOUR RECORDS ~ - RE\';:,154i EX -(1)6-1)5) PC - - - - - - - - - - - - - -NO tit-e - OF -fN..fERff A-NCE:" TAX- AP-PRAis-EME-Nt-, - A-CL.ow;(;;,fcE OR - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX Fredrick B. McGillvray FILE NO. 2105-0056 ACN 101 DATE 1-12-2006 TAX RETURN WAS: ( D) ACCEPTED AS FILED (rgJ) CHANGED see attached RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN C' ri." ('.-- j ,- .{:-', I ,". Hamilton C. Dav~:e~;_rl_' >.:, Zullinger-Davi~:,P,c- .~ 20 East Burd St., Suite 6 POBox 40 Shippensburg Pa 17257 ESTATE OF 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) 56,663.43 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 4,472.98 11. Total Deductions (11) 61,136.41 12. Net Value of Tax Return (12) 870,694.49 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 0.00 14. Net Value of Estate Subject to Tax (14) 870,694.49 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. (1 ) (2) (3) (4) (5) (6) (7) 385,687.50 465,991.34 0.00 681.03 1 ,577.86 0.00 77,893.17 (8) NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. 931 ,830.90 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: PAYMENT DATE 9-29-2005 RECEIPT NUMBER CD005854 DISCOUNT (+) INTEREST/PEN PAID . (15) 8,765.46 X .00 0.00 (16) 20,812.50 X.045 936.56 (17) X .12 (18) X .15 (19) 936.56 AMOUNT PAID 936.56 IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST TOTAL DUE (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.) 936.56 0.00 0.00 0.00 ;<" .. REV-1470 EX (6-88) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES PO Box. 280601 HARRISBURG PA 17128-0601 DECEDENTS NAME REVIEWED BY SCHEDULE A ITEM NO. 1 Fredrick B. McGillvray Harry Herr INHERITANCE TAX EXPLANATION OF CHANGES FILE NUMBER ACN 2105-0056 101 EXPLANATION OF CHANGES Increased from $ 192,470.50 to $ 385,687.50. The decedent transferred 6.5% interest to son and daughter-in-law on 2-23-2004 per deed. Discount for minority ownership is not allowed as real estate is held as tenants in common between family members. ROW Page 1 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 FILE NUMBER Fredrick B. McGillvray REVIEWED BY ACN 2105-0056 101 Harry A. Herr 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 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES PO Box 280601 HARRISBURG, PA 17128-0601 ,- , '>" I" I I -, 0" \: 55 2u;o '-"'" J 1" 1-12-2006 I' ,--.c. IrE .J~::lleleP!lone- O~r7\1'71'~'83-6070 ' Hamilton C. Davis Esq. Zullinger-Davis, PC 20 East Burd St., Suite 6 POBox 40 Shippensburg, Pa 17257 Re: Estate of Fredrick B. McGillvray File Number 2105-0056 Date of Death: 1-4-2005 Dear Mr. Davis: 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, /~~~6.. /,(~. Harry ,( Herr Trust Valuation Specialist Inheritance Tax Division Enclosure BUREAU OF IND)VIDUAL TAXES INHERhANCE TAX DIVISION PO BOX 280601 HARRISBURG, PA 17128-0601 ,,' '"^! I 'J f'/' I 5"- J b J rlj'~ J'" i';j : '- :1 COMMONWEALTH OF PENNSYLVANIA DEP~~TM_ENT OF REVENUE ! .1. __ .' , ~O"ICE OF INHERITANCE TAX APPAAIS~MENT, ALLOWANCE OR DISALLOWANCE OF OEDUCTiONS AND ASSESSMENT OF TAX DATE ESTATE OF DATE OF DEATH FILE NO. COUNTY ACN REV-1547 EX (06-05) 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 ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ - REv~154Y EX '(06-05)PC - - - - - - - - - - - -. -Noric-E - b"F 'INi'fERif A"NCE- TAX AP'PRAis-EME-N'T", - A'C LOWAt:fc E- OR -. - - - - -".. - - - - -"... - - -".". - -"".. DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX Fredrick B. McGillvray FILE NO. 2105-0056 ACN 102 TAX RETURN WAS: ( D ) ACCEPTED AS FILED ( D ) CHANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN Hamilton C. Davis Esq. Zullinger-Davis, PC 20 East Burd St., Suite 6 Shippensburg Pa 17257 1-12-2006 Fredrick B. McGillvray 1-4-2005 2105-0056 Cumberland 102 POBox 40 ESTATE OF DATE 1-12-2006 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) 0.00 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 0.00 11. Total Deductions (11) 0.00 12. Net Value of Tax Return (12) 841,116.53 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 0.00 14. Net Value of Estate Subject to Tax (14) 841,116.53 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. (1 ) (2) (3) (4) (5) (6) (7) 0.00 0.00 0.00 0.00 0.00 0.00 841 ,116.53 (8) NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. 841,116.53 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: PAYMENT DATE 9-29-2005 RECEIPT NUMBER CD005854 DISCOUNT (+) INTEREST/PEN PAID (15) 364,178.22 X .00 0.00 (16) 476,938.31 X.045 21 ,462.22 (17) X .12 (18) X .15 (19) 21 ,462.22 -) AMOUNT PAID 15,595.47 IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. TOTAL TAX CREDIT 15,595.47 BALANCE OF TAX DUE 5,866.75 INTEREST 91.43 TOTAL DUE 5,958.18 (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.)