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HomeMy WebLinkAbout02-03-06 ~ , ~REAU OF INDIVIDUAL TAXES 'INHERITANCE TAX DI\LISION . PO BOX 280601 .... HARRISBURG. PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWNACE OF DEDUCTIONS, AND ASSESSMENT OF TAX ON JOINTLY HELD OR TRUST ASSETS REV-1548 EX AFP (08-05) I , , 1. ~ ,,-J DATE ESTATE OF DATE OF DEATH FILE NO. COUNTY SSN/DC ACN 01-27 -2006 CATALANO VINCENT P 08-01-2001 21- 0 l. II ~ CUMBERLAND 196-18-5138 06000104 JOSEPH E CATALANO CIO DAVID W REAGER ESQUIRE 2331 MARKET STREET CAMP HILL PA 17011-4642 Appeal Date: 03-28-2006 (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 ~ - -RE,'--f54~f Ej( AFFi (06-05) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -. NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR D1SALLOWNACE OF DEDUCTIONS, AND ASSESSMENT OF TAX ON JOINTLY HELD OR TRUST ASSETS DATE 01-27-2006 ESTATE OF CATALANO VINCENT P DATE OF DEATH 08-01-2001 COUNTY CUMBERLAND FILE NO. 21- SS/DC NO. 196-18-5138 ACN 06000104 TAX RETURN WAS: (0) ACCEPTED AS FILED ( 181 ) CHANGED SEE ATTACHED JOINT OR TRUST ASSET INFORMATION FINANCIAL INSTITUTION: REAL ESTATE ACCOUNT NO. 307 E. MARKET STREET TYPE OF ACCOUNT: (D) SAVINGS DATE ESTABLISHED 07-16-1998 (D) CHECKING (D) TRUST (D) TIME CERTIFICATE Account Balance Percent Taxable Amount Subject to Tax Debts and Deductions Taxable Amount Tax Rate Tax Due x 135,000.00 .50 67.500.00 55.000.00 12.500.00 .045 562.50 NOTE: TO INSURE PROPER CREDIT TO YOUR ACCOUNT. SUBMIT THE UPPER PORTION OF THIS NOTICE WITH YOUR TAX PAYMENT TO THE REGISTER OF WILLS AT THE ABOVE ADDRESS. MAKE CHECK OR MONEY ORDER PAYABLE TO: "REGISTER OF WILLS, AGENT." x TAX CREDITS: PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) TOTAL TAX CREDIT 0.00 Interest is calculated until 02-15-2006* BALANCE OF TAX DUE 562.50 INTEREST AND PEN. 106.37 TOTAL DUE 668.87 IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. * (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.) / <.. COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES PO Box 280601 HARRISBURG, PA 17128-0601 DECEDENT'S NAME 1'#,.1470.~~88) REVIEWED BY INHERITANCE TAX EXPLANATION OF CHANGES CATALANO VINCENT P FILE NUMBER Department of Revenue ACN 21 06000104 ITEM SCHEDULE NO. EXPLANATION OF CHANGES This Notice of Assessment is for real estate located at 307 E Main Street, Mechanicsburg PA that was held as joint tenants with right of survivorship between the decedent and hi~ grandson, Joseph E Catalano. The real estate was purchased on July 16, 1998 and the decedent, Vincent P Catalano died on August 1, 2001. The calculation of the potential Pennsylvania inheritance tax is as follows: Gross Value of Real estate as of 08/01/2001 Decedent's interest in the real estate Decedent's taxable interest Less % of outstanding mortgage value as of 08/01/2001 Net Taxable share Tax Rate Tax due as of 05/01/2002 $ 135,000.00 x.50 67,500.00 55.000.00 12,500.00 .045 562.50 ROW Page 1