HomeMy WebLinkAbout02-21-08
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15056041125
REV -1500 EX (06-05)
PA Deparbnent of Revenue '*
~~~~~~~~~~uaITaxes __ INHERITANCE TAX RETURN
Harrisburg, PA 17128-0601 4lJ ~ RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death
OFFICIAL USE ONLY
County Code Year
File Number
~\ U~
atr5
Date of Birth
203209281
11202 007
o 8 1 6 1 9 2 7
Decedenfs Last Name
Suffix
Decedent's First Name
MCQUAID
BETTY
MI
K
(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
[&J 1. Original Return
D 4. Limited Estate
D 6. Decedent Died Testate
(Attach Copy of Will)
D 9. Litigation Proceeds Received
D 2. Supplemental Return D 3. Remainder Return (date of death
prior to 12-13-82)
D 4a. Future Interest Compromise (date of D 5. Federal Estate Tax Return Required
death after 12-12-82)
D 7. Decedent Maintained a Living Trust
(Attach Copy of Trust)
D 10. Spousal Poverty Credit (date of death D 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
8. Total Number of Safe Deposit Boxes
JAN
L
BROWN
7 1 7 5 ,4) 1 5 ~;5 0
Firm Name (If Applicable)
J A N
L
BROWN
&
ASS 0 C
First line of address
845
SIR
THOMAS
C T
S T E
1 2
.:l~~
"',
Second line of address
I
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G,.)
--.;
City or Post Office
State
ZIP Code
DATE FILED
H A R R I S BUR G
P A
17109
Correspondent's e-mail address:brendailb@verizon.net
Under penalties of pe~ury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief,
it is true, co and complete. Declaration of p. rer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNAT E P RSO P FOR FILING RETURN DATE
2/20/2008
ADORES
7508 Wertzville Road
SIGNATURE EP JHER THAN REPRESENTATIVE
Carlisle
PA 17015
DATE
2/20/2008
PA 17109
12 Harrisburg
PLEASE USE ORIGINAL FORM ONLY
Side 1
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15[]56D41125
15[]56[]41125
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15056042126
REV-1500 EX
Decedent's Social Security Number
Decedent's Name: BETTY K. MCQUAID
RECAPITULATION
203209281
1. Real estate (Schedule A)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.
2. Stocks and Bonds (Schedule B)
.................................. 2.
2843.10
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) D Separate Billing Requested . . . . . ., 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) D Separate Billing Requested . . . . . .. 7.
11. Total Deductions (total Lines 9 & 10)
. . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
3 7 6 6 . 5 6
8 4 5 9 3 . 4 1
9 1 2 0 3. 0 7
4 0 4 5 . 0 0
1 0 0 o . 0 0
5 0 4 5. 0 0
8 6 1 5 8 . 0 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.
12. Net Value of Estate (Line 8 minus Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . 12.
13. Charitable and Govemmental 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. 8 6 1 5 8 . 0 7
TAX COM PUT A TION - 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.O _ o . 0 0 15. o . 0 0
16. Amount of Line 14 taxable 8 6 1 5 8 . 0 7 3 8 7 1
at lineal rate X .01L.. 16. 7 . 1
17. Amount of Line 14 taxable o . 0 0 o . 0 0
at sibling rate X .12 17.
18. Amount of Line 14 taxable o . 0 0 o . 0 0
at collateral rate X .15 18.
19. Tax Due ....... .... .. .. .. ...............................19. 3 8 7 7 . 1 1
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
D
Side 2
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15056042126
15056042126
-.J
, '
REV-1500 EX Page 3
Decedent's Complete Address:
File Number
o 0
DECEDENTS NAME
BETTY K. MCQUAID
STREET ADDRESS
7508 Wertzville Road
CITY I STATE I ZIP
Carlisle PA 17013
Tax Payments and Credits:
1. Tax Due (Page 2 Une 19)
2. Credits/Payments
A. Spousal Poverty Credit
8. Prior Payments
C. Discount
(1)
3,877.11
193.85
Total Credits (A + 8 + C) (2)
3. Interest/Penalty if applicable
D. Interest
E. Penalty
193.85
Total Interest/Penalty ( D + E) (3)
4. If Une 2 is greater than Une 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Fill In oval on Page 2, Line 20 to request a refund. (4)
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5)
0.00
0.00
3,683.26
A. Enter the interest on the tax due.
8. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(5A)
(58)
3,683.26
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; ...................................................................... 0 l&l
b. retain the right to designate who shall use the property transferred or its income; ............................... 0 l&l
c. retain a reversionary interest; or ................................................................................................ 0 l&l
d. receive the promise for life of either payments, benefits or care? ....................................................... 0 l&l
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? ....................................................................................... l&l 0
3. Did decedent own an lin trust for' or payable upon death bank account or security at his or her death? ......... l&l 0
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? .......... ....... ............................. ................................ .................... l&l 0
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. ~9116 (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. ~9116 (a) (1.1) (ii)). The statute does not exemot 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. ~9116(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. ~9116(1.2) [72 P.S. ~9116(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. ~9116(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.
REV-1503 EX + (6-98)
*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF
BETTY K. MCQUAID
FILE NUMBER
o 0
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
1.
DESCRIPTION
VALUE AT DATE
OF DEATH
2,809.80
MetLife (MET); 45 shs @ $62.44/sh
2
MetLife dividend check dated 12/6/2007; record date 11/6/07
33.30
TOTAL (Also enter on line 2, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
2.843.10
. .
REV-1509 EX + (6-98)
*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE F
JOINTLY-OWNED PROPERTY
ESTATE OF
BETTY K. MCQUAID
FILE NUMBER
o 0
If an asset was made joint within one year of the decedent's date of death, It must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME
ADDRESS
RELATIONSHIP TO DECEDENT
A. Elizabeth M McQuaid
7508 Wertzville Rd
Carlisle PA 17015
daughter
B Michael McQuaid
111 N 68th St
Harrisburg PA 17111
son
c
JOINTL Y-OWNED PROPERTY:
LEITER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH
ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECD'S VALUE OF
NUMBER TENANT JOINT IDENTIFYING NUMBER. A IT ACH DEED FOR JOINTLY-HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENTS INTEREST
1. A. B 12/1991 PSECU Account 0203209281 Regular Shares 5.26 33. 1.74
2 AB 12/1991 PSECU Account 0203209281 Checking 1,745.70 33. 576.08
3 AB 12/1991 PSECU Account 0203209281 Money Market 9,662.84 33. 3,188.74
TOTAL (Also enter on line 6, Recapitulation) $ 3.766.56
(If more space is needed, insert additional sheets of the same size)
R~V-1510 EX + (6-98)
*
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
BETTY K. MCQUAID
FILE NUMBER
o 0
This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV -1500 COVER SHEET is yes.
DESCRIPTION OF PROPERTY
ITEM INa.UDE THE NAME OF THE TRANSFEREE. THEIR RELATIONSHIP TO DECEDENT AND DATE OF DEATH % OF DECD'S EXCLUSION TAXABLE
NUMBER THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPUCABLE) VALUE
1. Pioneer Investments Account 00110206465 3,438.49 100. 3,438.49
Betty K McQuaid, Trustee for James H McQuaid,
Michael P McQuaid and Elizabeth M McQuaid, children
2 New York Life IRA Annuity 58232816 402.90 100. 402.90
James H McQuaid, Michael P McQuaid and
Elizabeth M McQuaid, children, beneficiaries
3 Transfer to Elizabeth M McQuaid, daughter, on 5/23/07 83,752.02 100. 3,000.00 80,752.02
TOTAL (Also enter on line 7 Recapitulation) $ 84 593.41
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX + (12-99)
*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
BETTY K. MCQUAID
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
FILE NUMBER
o 0
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER
A.
DESCRIPTION
AMOUNT
FUNERAL EXPENSES:
1.
1.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative (s)
Social Security Numbe~s)IEIN Number of Personal Representative(s)
Street Address
B.
City
State
Zip
Yea~s) Commission Paid:
2.
3.
Attomey Fees Jan L Brown & Associates
Family Exemption: (If decedents address is not the same as claimants, attach explanation)
Claimant Elizabeth M McQuaid
Street Address 7508 Wertzville Rd
City Carlisle State P A
Relationship of Claimant to Decedent dauQhter
500.00
3,500.00
Zip 17015
4.
Probate Fees
5.
6.
Accountants Fees
Tax Retum Prepare(s Fees
7.
8
Register of Wills, Cumberland Co; filing fee Inheritance Tax Return
Register of Wills, Cumberland Co; filing fee Petition Small Estate
15.00
30.00
TOTAL (Also enter on line 9, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
4.045.00
REV-1512 EX + (12-03)
'*
SCHEDULE.
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
BETTY K. MCQUAID
FILE NUMBER
o 0
Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, Including un reimbursed medical expenses.
ITEM
NUMBER DESCRIPTION
1. Outstanding balance medicine, etc.
VALUE AT DATE
OF DEATH
1,000.00
TOTAL (Also enter on line 10, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
1,000.00
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I. TAXABLE DISTRIBUTIONS pnclude outright spousal disbibutions, and transfers under
Sec. 9116 (a) (1.2)]
1. James H McQuaid, son Lineal
1765 New Valley Rd, Marysville, PA 17053 SchG
2 Elizabeth M McQuaid, daughter Lineal
7508 Wertzville Rd, Carlisle, PA 17015 Sch B, F & G
3 Michael P McQuaid Lineal
111 N 68th St, Harrisburg, PA 17111 Sch F & G
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
ll. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
. .'
REV_1513EX+*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
BETTY K MCQUAID
SCHEDULE J
BENEFICIARIES
FILE NUMBER
o 0
(If more space is needed, insert additional sheets of the same size)
JAN L. BROWN, ESQUIRE-
JACOUEUNE A. KeLLY, ESQUIRE
*AOMITTED IN PA AND DISTRICT OF COLUMBIA
JAN L. BROWN & ASSOCIATES
ATTORNEYS AND COUNSELORS AT LAW
OLOE ENGUSH GAP
845 SIR THOMAS COURT
SUITE 12
HARRISBURG, PA 17109
EMAlL: jlbassoc@Verizon.net
www.janbrownlaw.com
TELEPHONE (717) 541-5550
FACSIMILE (717) 541-9223
BRENDA E KEPHART. LEGAL ASSISTANT
PAULA K. WHITE. LEGAL ASSISTANT
JUDITH A. EBERSOLE. ADMINISTRATIVE ASSISTANT
February 20, 2008
Register of Wills
Cumberland County Courthouse
One Courthouse Square
Carlisle, PA 17013
Re: Betty K. McQuaid, deceased
Social Security No. 203-20-9281
Gentlemen or Ladies:
Enclosed please find the following items for filing with the Register of Wills:
1. Estate Information Sheet.
2. An original and one copy of the Inheritance Tax Return together with a check in the
amount of$3,683.26 to cover the tax liability shown to be due and a check in the amount
of $15 to cover the filing fee. Make sure the tax payment is marked as received within the
3 month discount period.
Please time stamp and return our file copy of the Inheritance Tax Return. A return
envelope is provided.
If you have any questions, feel free to contact this office.
Sincerely,
~~f4ad
Legal Assistant
bfk
Enclosure
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