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Home My WebLink About11-26-07 .111 . \)))) 1(../1 · ( i ! i' . \. , ' 't' . .\\\\ '. '(f" i i" : J:." ~'>:w iv ' o \0 r..; ~ f . .;,.; v il - Z ~, er:: 6 r N I 2> o j.~l "';(1 I- Jg! . :J: OJ z!~ 0) J ~ C\) ~ lY\ ~ ~ )l 'l- '(; i ~ ~~ ~ ~@ ~.~]J .;g ~ ~ ~ . CL~ ~. ;:. ~ '-.J +-=-- -1 . ~~.~/.~ $1~] ~ cJ <:) 0~ ....... f'--> Mr. Dea~ Isaa@ J~ /,. ~' Il " ' :'.',::2::0 2: 1!fIr,(1J':,_",:J ",~~::~~ ~ 7 -+ -l!:f4' ' , ,,, ) ~ar '- 'l/lr "/--:--= ,~___! r " :: (,75 22 O"I~" , ;-",,\ M 'liRa -~) 0 1'( . C~'~~~- -I (..) C':~ <.-:-) d- 2l} !i.'32~:>;;~ ~;1t(7~ ~ -th4 . 't Lt;k R-f5;l ~. 1t/1('2ffi>7. .~~ HJ ~ W4-n rI: ktZC4 Support Our Troops Remember Our J:.eterans Y064726 (;l.JJ '3 ) 'g3 '7 - g 2 f('1(t/ar.fl) , ,I ~ . :5! \ ( , r" :" i V I. ss~ \. C~M"RST'CL^' .... ;.' ~.. '.~ /.~ 1 . , :1 ,:,' . ., ~ ~ ~ ~<; ~ ~ . ..-:: ~ , ~ 1 \ 'l1 .. 1 1 \ \ ~, , c ~ f J 'f' I: II ...-:: ...-: ~ ~ ~ ::; ~ ~. ~" ~ ~ ~ ;, ~ ~t ~ ~ ." ~ '~ 'l~ l ~ ~ ~ . \ ,," ~~.~. ~l!~~ ~ " i;l \\'0 "0 : I.:\JO r, C' IUI...J 180 0" \ -\~.i I ~ il- '. . rd.! Lfinl ~. u 1 '1? nUI'l uu -2, .'" .~. ~ ~ S ~, i ~~\.A; .. \ \)I\~f ., ,;, ~ . \ .~ <,....".... ~i~ ,"",0.. _ ,No ~' 4\" Dean Isaacs 1,/1,//07 IIf. flrd-5 1;.., h : fdtkf 5" Cd if EI!iJOnd>e~ ;/ f?e,;~) IIdH"/5bu'j I tlpl?~ .'OiR phnoe I (117) ?.f7-/~~ffllt~Ckfj~e f, ;e.. d iA/~ REV'~ ;~-l"l~' Ik /'e.1p- ~e # iia:~7 ~'S;~ px his ~~.flle. fie 111S;;:Jc W~~e 10 cnof!e'k if wi!/' ILl! eero ( tf' ) ell:fr'ies ",,.J tl C07o<fcH> Y ;1 /IJ iff, flit 10/ z.'I It? 7 Ie#-r ~ hi.s ~fit!~ 1Ue ~"lt, / t'dfkn er;Y~' f j.",d !h,', 'will br""j clo5/tre to IlII rejt:irrJ'7 349 Homestead A venue Waterbury CT 06705 October 29, 2007 Commonwealth of Pennsylvania Department of Revenue Bureau of Collections and Taxpayer Services PO Box 281041 Harrisburg P A 17128-1041 Re: File Number 2107 - 700r Dear Revenue Representative: In reply to your letter, dated October 23,2007, I relay the following: 1.) Your publication, Instructions for Form Rev-1500, P A Inheritance Tax Return Resident Decedent, specifically states under the topic WHO MUST FILE, "An Inheritance Tax return must be filed for every decedent who has property which is or may be subject to tax." 2.) This same publication, under the topic TAX PAYMENTS AND CREDITS, SCHEDULE E, Cash, Bank Deposits, & Misc. Personal Property, paragraph 5, states, "For estates of decedents with a date of death after December 12, 1982, all life insurance policies on the life of the decedent, payable to the estate or to a named beneficiary, are exempt from Inheritance Tax." Considering these regulatory parameters, I conclude that I need not report to you; but, I voluntarily submit these statements of fact: 1.) Having conducted due diligence regarding my Father's financial status at the time of his death, November 13,2001, I learned that he died without property of any kind. His former attorney, Robert DiOrio, Esq., Media PA, informed me that Dad died without a will and that his estate was insolvent. 2.) On or about April 11, 2007, I was contacted by Michelle Lathrop, Claims Settlement Representative for National Life Insurance Company (NLI), Montpelier VT, and told that they desired to settle with me a life insurance policy, numbered 119902 - Lawrence Isaacs, purchased for my Dad by his former employer, H.H. Battles, Philadelphia P A. Her call was followed up with documentation explaining to me what was needed to provide closure. 3.) As sole survivor of my Father, Lawrence Isaacs, I satisfied NLI's necessary requirements for settlement of this claim. Mom divorced my father more than 1 " thirty years before Dad died, and my only sibling, my brother Mark, died more than nine years before Dad died. I alone survive Dad. I stand on the facts of the literature defined by your offices in saying that I am not in any delinquent status. Neither I, nor anyone else, knew of this life insurance policy until this past April, several years after Dad's death. I also am not subject to Inheritance Tax as per your literature. I shall pay taxes on the interest earned while NLI pursued their search of me in order to make settlement on this policy. I am waiting for tax return Form 1041, for the year 2007 to be printed and made available to the public. I also fully intend to honor the filing required by Cumberland County - Register of Wills which they have informed me is due by November 13,2007. Please close your file on this presumed, yet unfounded delinquency. I make myself available to your questions and/or comments during normal business hours. My office phone number is 203-837-8299. Respectfully, ~rJ~ Dean F. Isaacs cc: Cumberland County - Register of Wills 2 -.J 15056051047 REV-1500 EX (06-05) PA Department of Revenue .. Bureau of Individual Taxes PO BOX 280601 Harrisburg, PA 17128-0601 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death INHERITANCE TAX RETURN RESIDENT DECEDENT ~i , OFFICIAL USE ONLY County Code Year () <--, File Number o IdU Date of Birth I if 8' I 8'> 75 / ~ 1//32001 / 2.0 I / 'I 2 " Decedent's Last Name Suffix Decedent's First Name MI IS4Acs t. A WAGAf,te (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW _ 1. Original Return C) 2. Supplemental Return C) 3. Remainder Return (date of death prior to 12-13-82) 5. Federal Estate Tax Return Required C) 4. Limited Estate C) C) C) 4a. Future Interest Compromise (date of death after 12-12-82) C) 7. Decedent Maintained a Living Trust (Attach Copy of Trust) C) 10. Spousal Poverty Credit (date of death C) 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. 0) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number 6. Decedent Died Testate (Attach Copy of Will) 9. Litigation Proceeds Received 8. Total Number of Safe Deposit Boxes C) PeAtJ f 15 A,4 C!- 5 3 'I ~ If 0 III If s f& f+ /) A-IIGN u e ]..0 3i~ REGISTE'43~ILLS USE:DDLY ";'''0 <:::) !.) "1;: r- -c: - .';~:: cq N 1 u3 ~ 0"\ ;;)0 ';d.il :E ....... Second line of address ~,- :::c "0-1 ):'" 8":1,'[ i ;.;; .-~] f-.~; ~~i5 "J r "11:'1'"1 J i..'::I !~~ ~.~ ,,~ ~1 i,.) r "'1' Firm Name (If Applicable) First line of address City or Post Office W/trtE"RBu/</ ~ N State ZIP Code DATE FILED c.... r ~ () 6 7~6 Correspondent's e-mail address: dear,isaacs ~ h~/tf!a. t! Ct?n1 Under penalties of perjury, I deciare that I have examined this return, including accompanyin9 schedules and statements, and to the best of my knowledge and belief, it is true, ct and complete. Deciaration of preparer other than the personai representative is based on all information of which preparer has any knowledge. I 1 DATE ADDRESS PLEASE USE ORIGINAL FORM ONLY Side 1 L 15056051047 15056051047 --' -.J 15056052048 REV-1500 EX Decedent's Social Security Number Decedent's Name: / f~/g.751 7 RECAPITULATION 1. Real estate (Schedule A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1. 2. Stocks and Bonds (Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) . . . .. 3. 4. Mortgages & Notes Receivable (Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . . . . . . .. 5. 6. Jointly Owned Property (Schedule F) c::l Separate Billing Requested . . . . . .. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) c::l Separate Billing Requested.. . . . . .. 7. 8. Total Gross Assets (total Lines 1-7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 8. 9. Funeral Expenses & Administrative Costs (Schedule H). . . . . . . . . . . . . . . . . . . .. 9. 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I). . . . . . . . . . . . . . . . 10. 11. Total Deductions (total Lines 9 & 10)...... . .... . .. ..................... 11. 12. Net Value of Estate (Line 8 minus Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) . . . . . . . . . . . . . . . . . . . . . . . . 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) . . . . . . . . . . . . . . . . . . . . . . . . 14. TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .0_ 16. Amount of Line 14 taxable at lineal rate X.O_ 17. Amount of Line 14 taxable at sibling rate X .12 18. Amount of Line 14 taxable at collateral rate X .15 15. 16. 17. 18. 19. TAX DUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 L 15056052048 15056052048 o ~O 0 0.0 0 0.00 0.0 0 0.00 o ,"..0 0 0..00 :. .....0 O. 0 'l ,F:"'~':"::i:W':;"-":'" 0.0 0 .O'~o'O 0.00 0.00 O. 0 () 0.01) c::l -.J REV-1500 EX Page 3 File Number C5 fl~~ ee/f/n Jtlf ZIP / lt11. CITY Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1) (), 00 Total Credits (A + 8 + C ) (2) D. 00 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty ( D + E ) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (3) (},OO (4) 0.00 (5) 0.00 (SA) O. I)~ (58) 0, 00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. 8. Enter the total of Line 5 + SA. This is the BALANCE DUE. Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred;.......................................................................................... D 18J b. retain the right to designate who shall use the property transferred or its income; ............................................ D I;g} c. retain a reversionary interest; or.......................................................................................................................... D ~ d. receive the promise for life of either payments, benefits or care? ...................................................................... D ~ 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .............................................................................................................. D ~ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. D ~ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ........................................................................................................................ D III IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. 99116 (a) (1.1) (I)). For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. 99116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. 99116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72,P.S. 99116(1.2) [72 P.S. 99116(a)(1)). The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. 99116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. :S" ~ 20,00 Pc\ C\O. cO NAPD