PA 82-127 - Philadelphia 2011-2025 free printable template

A statewide list of the factors is available at the Recorder of Deeds office in each county. THIS STATEMENT MUST BE SIGNED BY A RESPONSIBLE PERSON CONNECTED WITH THE TRANSACTION. 82-127 Reverse Rev. 9/11. SIGNATURE OF CORRESPONDENT OR RESPONSIBLE PARTY 82-127 Rev. 9/11 DATE SEE REVERSE INSTRUCTIONS FOR COMPLETING PHILADELPHIA REAL ESTATE TRANSFER TAX CERTIFICATION Section A Correspondent Enter the name address and telephone number of party completing this form. Transfer Data Enter the date on...

How to fill out transfer tax form philadelphia

How to fill out PA 82-127 - Philadelphia

1. Start by downloading the PA 82-127 form from the Philadelphia Department of Revenue website.
2. Read the instructions carefully to understand the requirements and sections of the form.
3. Fill in your personal information, including your name, address, and Social Security number.
4. Provide details about your employment or source of income.
5. Report any deductions or exemptions that apply to your situation.
6. Double-check your entries for accuracy before signing the form.
7. Submit the completed form by the specified deadline, either online or via mail.

Who needs PA 82-127 - Philadelphia?

1. Individuals residing in Philadelphia who are required to report their income for tax purposes.
2. Residents who are filing for non-wage income or claiming deductions related to state taxes.
3. Anyone who receives a notice from the Philadelphia Department of Revenue regarding income reporting.

• Who needs a Real Estate Transfer Tax Certification?
• What is the purpose of the Real Estate Transfer Tax Certification?
• What documents must accompany the Real Estate Transfer Tax Certification?
• • When is the Real Estate Transfer Tax Certification due?
  • What information should be provided in the Real Estate Transfer Tax Certification?
  • What do I do with the form after its completion?

Who needs a Real Estate Transfer Tax Certification?

This certification form is used during the procedure of selling real estate when the owner transfers ownership or title to the buyer. The form should be filed with the Recorder of Deeds if the consideration value is not set forth in the deed; if the deed is with consideration; if the tax exemption is claimed.

What is the purpose of the Real Estate Transfer Tax Certification?

This document certifies the transfer of property rights to a certain individual. The form contains the information about the property location, transfer and exemption data.

What documents must accompany the Real Estate Transfer Tax Certification?

As a rule, the Certification is accompanied by the copy of Property deed transfer form, copy of the Sales and Purchase agreement, and some other supporting documents if required.  

When is the Real Estate Transfer Tax Certification due?

The certification is completed and filed when there is a need. Usually, it is required when the tax exemption is claimed. The estimated time for completing the Certification is 10 minutes.

What information should be provided in the Real Estate Transfer Tax Certification?

The document has the following sections for completing:

• Information about the correspondent (the person who will receive all the inquiries): name, phone number, address.

• Transfer data: date of acceptance of document, name and address of the granter and the grantee

• Property location

• Valuation data: actual cash consideration, other consideration, total consideration, county assessed value, common level ratio factor, fair market value

• Exemption data: amount of exemption, percentage of interest conveyed

• Information about the exemption claimed (the filler has to check the appropriate box)

The Certification must be as well signed and dated.

What do I do with the form after its completion?

The completed and signed Certification is filed with the Recorder of Deeds.

Video instructions and help with filling out and completing philadelphia real estate transfer tax certification fillable

Instructions and Help about transfer tax certification

Where I answer your questions talk about what's happening in the real estate industry and give you the latest money in real estate news now you can find the latest episodes here on my YouTube channel expert real estate tips every Monday and Friday please don't forget to hit the subscribe button it's right up here, or maybe it's over here I don't know where it is on your channel on today's episode I'm going to answer a question I received about when it may be worth adding your children's name to your house title and how that might affect the taxes that they pay so a homeowner and mom of one recently wrote in to ask me the following question I currently own a home that's paid in full of no mortgage I want to add my daughter's name to the house deed what are the pros and cons of this decision in terms of the taxes I'll pay, or she will pay now the short answer to the question is that adding your daughter's name or any child's name to your house title could have really serious repercussions when it comes time to sell the home for federal income tax purposes if you simply add your daughter's name to the title she receives the house as a gift at your cost basis the cost basis is a technical term IRS jargon on what it costs you to buy the property plus any material in material improvements you've made to the house along the way like we're placing the roof or replacing a bathroom but not redecorating the living room if you were selling the cost basis would also include the cost of sale as well so if you paid 100000 for the property say 20 years ago and now the property is worth a half a million dollars wouldn't that be great, and you give your daughter half of the house her cost basis would still be fifty thousand dollars or half of a hundred thousand which sounds like a great deal and like all things financial there are a few caveats so when the property is eventually sold right your daughter would be entitled to take the first two hundred and fifty thousand in profits tax-free if she single up to a half-million dollar if she's married, and she lives in the property along with her spouse partner as her primary residence however if she isn't living in the property when it's sold she might have very significant capital gains taxes to pay now if she inherits the other half from you right she would inherit the property at the current market value so if you gave her half right that was the 50000 of the hundred thousand, and she inherits the other half of two hundred and fifty thousand that's three hundred thousand as her cost basis if she then immediately sells the property for a half a million dollars, and she's living there as her primary residence then she might not know anything because five hundred thousand dollars — three hundred thousand dollars is two hundred thousand, and she's allowed to keep up to two hundred and fifty thousand tax-free you can see how complicated this can be and this mom just like you would want to talk to her tax preparer and...

People Also Ask about 82 127

How do I change my deed in Philadelphia?

To add, remove, or change a name on a deed, have a lawyer, title company, or other real estate professional prepare the deed. Then, record the new deed with the Department of Records. Note: We recommend that you do not prepare a deed on your own. We also recommend that you get title insurance.

How do I transfer a deed to a house in PA?

What Are the Steps to Transfer a Deed Yourself? Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.

How do I transfer a house deed in PA?

What Are the Steps to Transfer a Deed Yourself? Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.

How much does it cost to transfer a deed in Philadelphia?

One to the City for 3.278% of the sale price (plus any assumed debt), and. One to the Commonwealth for 1% of the sale price (plus any assumed debt).

How long does it take to transfer deed Philadelphia?

Philadelphia and Montgomery County, PA accept electronic recording. Documents submitted for electronic recording are typically received back recorded within 1-2 days after submission. Counties that do not record electronically, such as Delaware and Chester County, PA, take 3-4 weeks to return recorded documents.

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What is PA 82-127 - Philadelphia?

PA 82-127 is a tax form used by the City of Philadelphia for reporting the earnings of businesses operating within the city limits.

Who is required to file PA 82-127 - Philadelphia?

Businesses and self-employed individuals earning income in Philadelphia are required to file PA 82-127.

How to fill out PA 82-127 - Philadelphia?

To fill out PA 82-127, gather all income information, complete the form sections regarding revenue and deductions, and submit it to the Philadelphia Department of Revenue by the specified deadline.

What is the purpose of PA 82-127 - Philadelphia?

The purpose of PA 82-127 is to report business income and calculate the business income and receipts tax owed to the City of Philadelphia.

What information must be reported on PA 82-127 - Philadelphia?

The information that must be reported includes total gross revenue, any deductions, and details of the business operations and locations.