HomeMy WebLinkAbout06-12-0915056041046
REV-1500 EX (05-04) OFFICIAL USE ONLY
PA Department of Revenue
Bureau of Individual Taxes County Code Year File Number
Dept. 280601 INHERITANCE TAX RETURN r ~ G O
Harrisburg, PA 17128-0601 RESIDENT DECEDENT ~. O
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
Decedent's Last Name SuffiT DecedenCs First Name - MI
(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 O 2. Supplemental Return O 3. Remainder Return (date of death
prior to 12-13-82)
O 4. Limited Estate O 4a. Future Interest Compromise (date of O 5. Federal Estate Tax Return Required
death after 12-12-82)
~ 6. Decedent Died Testate O 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
O 9. Litigation Proceeds Received O 10. Spousal Poverty Credit (date of death O 11. Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. O)
CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number tv
Firm Name (If Applicable) :~,
,1- .
REGIS LS U ONLIf~`~ •=~~
~~ (V r i"1 ._iJ
First l
i
n
f address
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111
Second line of address ~ 0 ~ ' -
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City or Post O
ffice
State
ZI
P Co
de DATE FILED
/ /~ / 0 p /~
/
~J
/ / (~
Correspondent's a-mail address
Under penalties of perjury, 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, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIG A RE OF PERSON E ONSI L OR FILI G RETURN ,DATE
~o lam' D C
AD
SIGNATURE OF PREPARER OTHER THAN REP~TATIVE DATE
ADDRESS
PLEASE USE ORIGINAL FORM ONLY
Side 1
15056041046 15056041046
REV-1502 EX+ (6-98)
SCFIEDIJLE A
COMMONWEALTH OF PENNSYLVANIA REAL ESTATE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be
exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts.
Real property which is jointly-owned with right of survivorship must be disclosed on Schedule F.
(If more space is needed, insert additional sheets of the same size)
15056042047
REV-1500 EX
Decedent's Social Security Number
Decedents Name: __ f ~ ~ . ~~
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 Separate Billing Requested .....
.. 6. I 1 -_
. ` ~ _;- ~
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) G Separate Billing Requested...... .. 7. ~
8. Total Gross Assets (total Lines 1-7) .................................. .. 8. ~ '~" ~~ . /I ~
9.
...........
Funeral Expenses & Administrative Costs (Schedule H)........
.. 9.
l ~<
~ `-
10. Debts of Decedent, Mort a e Liabilities, & Liens Schedule I 10. ~ ~ ~ ~' ~ ~
11. Total Deductions (total Lines 9 & 10) ................................ ... 11. ~ I ~
~
12.
Net Value of Estate (Line 8 minus Line 11) ........................... -
... 12. ) _~ ~ ~
; ~~ J J (c ,~ i
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
14. an election to tax has not been made (Schedule J) ......................
Net Value Sub'ect to Tax Line 12 minus Line 13 ......................
1 ( ) .. ~~.
.. 14.
~ _-~ ~~ > ) ~ c~ ~
r ~ ~L
TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
16. Amount of Line 14 taxable
.~ '~ ~ i
~ ~
~ `~ ' ~"
Y
~
~ ~ `
at lineal rate X .0 ~~ 5
~ 16. -
~
17. Amount of Line 14 taxable
at sibling rate X .12 17. •
18. Amount of Line 14 taxable
at collateral rate X .15 ~ 18. '
19. TAX DUE .........................................................19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
O
Side 2
L 15056042047 15056042047 J
REV-1500 EX Page 3
Decedent's Complete Address:
File Number
DECEDENT'S NAME
~"D~el-r_l ~_ L` ASS ~-
STREETADDRESS `
CITY... __ ,,/~ _ -
Y Y l~('i~L G~12 l' ~5 h i_P~ ~,
STATE ~~ % ZIP, ~~~
iax Irayments ana ~reaits:
1. Tax Due (Page 2 Line 19)
2. CreditslPayments
A. Spousal Poverty Credit
B. Prior Payments
---
C. Discount
c1) /v, ~y~-S~
Total Credits (A + B + C) (2)
3. InterestlPenalty if applicable
D. Interest
E. Penalty
Total Interest/Penalty (D + E) (3)
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. (4)
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) /~ U y~ - S y
A. Enter the interest on the tax due. (5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) ; j1 G~ y~~ ~~
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 :.................................................................................... ...... ^
b. retain the right to designate who shall use the property transferred or its income : ...................................... ...... ^
c. retain a reversionary interest; or .................................................................................................................... ...... ^
d. receive the promise for life of either payments, benefits or care? ................................................................ ...... ^
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? ........................................................................................................ ...... ^
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ........ ...... ^
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? .................................................................................................................. ...... ^
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 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. §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)]. Asibling 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-1502 EX+ (6-98)
SCI~IEDULE A
COMMONWEALTH OF PENNSYLVANIA REAL ESTATE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be
exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts.
Real property which is jointly-owned with right of survivorship must be disclosed on Schedule F.
(If more space is needed, insert additional sheets of the same size)
REV-1503 EX+ (6-98)
SCFIEDVLE B
COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
All property jointly-owned with right of survivorship. must be disclosed on Schedule F.
(If more space is needed, insert additional sheets of the same size)
REV-1504 EX+ (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCNEDVLE C
CLOSELY HELD CORPORATION,
PARTNERSHIP OR
SOLE-PROPRIETORSHIP
ESTATE OF FILE NUMBER
Schedule C-1 or C-2 (including all supporting information) must be attached for each closely-held corporation/partnership interest of the decedent, other than a
sole-proprietorship. See instructions for the supporting information to be submitted for sole-proprietorships.
(If more space is needed, insert additional sheets of the same size)
REV-+sosEx. (~a~
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF
Name of Corporation
Address
City
State Zip Code
2. Federal Employer I.D. Number
3. Type of Business
4.
SCHEDULE C-1
CLOSELY-HELD CORPORATE
TOCK INFORMATION REPOR'
FILE NUMBER
State of Incorporation
Date of Incorporation
Total Number of Shareholders
Business Reporting Year
Product/Service
STOCK TYPE
Voting /Non-Voting TOTAL NUMBER OF
SHARES OUTSTANDING
PAR VALUE NUMBER OF SHARES
OWNED BY THE DECEDENT VALUE OF THE
DECEDENT'S STOCK
Common $
Preferred $
Provide all rights and restrictions pertaining to each class of stock.
5. Was the decedent employed by the Corporation? ^ Yes ^ No
If yes, Position Annual Salary $
6. Was the Corporation indebted to the decedent? ^ Yes ^ No
If yes, provide amount of indebtedness $
7. Was there life insurance payable to the corporation upon the death of the decedent? ^ Yes
If yes, Cash Surrender Value $ Net proceeds payable $
Owner of the policy
8.
Time Devoted to Business
^ No
Did the decedent sell or transfer stock of this company within one year prior to death or within two years if the date of death was prior to 12-31-82?
^ Yes ^ No If yes, ^ Transfer ^ Sale Number of Shares
Transferee or Purchaser Consideration $ Date _
Attach a separate sheet for additional transfers andlor sales.
9. Was there a written shareholder's agreement in effect at the time of the decedent's death? ^ Yes ^ No
If yes, provide a copy of the agreement.
10. Was the decedent's stock sold? ^ Yes ^ No
If yes, provide a copy of the agreement of sale, etc.
11. Was the corporation dissolved or liquidated after the decedent's death? ^ Yes ^ No
If yes, provide a breakdown of distributions received by the estate, including dates and amounts received.
12. Did the corporation have an interest in other corporations or partnerships? ^ Yes ^ No
If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest.
THE FOLLOWING -NFOR'MATtON MUST BE SkfBMITTED WRH THIS SCHEDULE
A. Detailed calculations used in the valuation of the decedent's stock.
B. Complete copies of financial statements or Federal Corporate Income Tax returns (Form 1120) for the year of death and 4 preceding years.
C. If the corporation owned real estate, submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have been
secured, attach copies.
D. List of principal stockholders at the date of death, number of shares held and their relationship to the decedent.
E. List of officers, their salaries, bonuses and any other benefits received from the corporation.
F. Statement of dividends paid each year. List those declared and unpaid.
G. Any other information relating to the valuation of the decedent's stock.
REV-1506 EX+ (9-00)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCNEDI~LE C-S
PARTNERSHIP
INFORMATION REPORT
ESTATE OF
1. Name of Partnership
Address -
Ciry
2. Federal Employer I.D. Number
3. Type of Business
ProducUService
4. Decedent was a ^ General ^ Limited partner. If decedent was a limited partner, provide initial investment $
6. Value of the decedent's interest $
7. Was the Partnership indebted to the decedent? ................................. ^ Yes ^ No
If yes, provide amount of indebtedness $
8
Was there life insurance payable to the partnership upon the death of the decedent? ..... ^ Yes ^ No
If yes, Cash Surrender Value $ Net proceeds payable $
Owner of the policy
9. Did the decedent sell or transfer an interest in this partnership within one year prior to death or within two years if the date of death was
prior to 12-31-82?
^ Yes ^ No If yes, ^ Transfer ^ Sale Percentage transferred/sold
Transferee or Purchaser Consideration $ Date
Attach a separate sheet for additional transfers and/or sales.
10. Was there a written partnership agreement in effect at the time of the decedent's death? ...... ^ Yes ^ No
If yes, provide a copy of the agreement.
11. Was the decedent's partnership interest sold? ....................................... ^ Yes ^ No
If yes, provide a copy of the agreement of sale, etc.
12. Was the partnership dissolved or liquidated after the decedent's death? ................... ^ Yes ^ No
If yes, provide a breakdown of distributions received by the estate, including dates and amounts received.
13. Was the decedent related to any of the partners? .................................... ^ Yes ^ No
If yes, explain
14. Did the partnership have an interest in other corporations or partnerships? .............. ^ Yes ^ No
If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest.
~ ~ •~ ~ • ~ ~
A. Detailed calculations used in the valuation of the decedent's partnership interest.
B. Complete copies of financial statements or Federal Partnership Income Tax returns (Form 1065) for the year of death and 4 preceding years.
C. If the partnership owned real estate, submit a list showing the complete addresses and estimated fair market value/s. If real estate appraisals have
been secured, attach copies.
FILE NUMBER
Date Business Commenced
Business Reporting Year
State Zip Code
D. Any other information relating to the valuation of the decedent's partnership interest.
REV-1507 EX+ (1-97)
SCFIEDULE D
COMMONWEALTH OF PENNSYLVANIA MORTGAGES & NOTES
INHERITANCE TAX RETURN RECEIVABLE
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
tir more space is needed, insert additional sheets of the same size)
REV-1508 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FILE NUMBER
Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
~,~(~ n UCH a'~C~ ~ ~'o ~~
/G~,~~o.3c~
TOTAL (Also enter on line 5, Recapitulation) I $
(If more space is needed, insert additional sheets of the same size)
REV-1509 E%~ (1-97)
SCHEDULE F
COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY
INHERITANCE TAX RETURN
ESTATE OF
FILE NUMBER
Han asset was made joint within one year of the decedent's date of death, R must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME
C.
JOINTLY-OWNED PROPERTY:
RELATIONSHIP TO DECEDENT
ITEM
NUMBER LETTER
FOR JOINT
TENANT DATE
MADE
JOINT DESCRIPTION OF PROPERTY
Include name of financial institution and bank account number or similar identifying number. Attach
deed for jointly-held real estate.
DATE OF DEATH
VALUE OF ASSET % OF
DECD'S
INTEREST DATE OF DEATH
VALUE OF
DECEDENT'S INTEREST
1. A. C~ ~(
~D~
~-'? ~1~~ ~~ ~3 ~ / U ~`, `~ ~
,J
~J
/~ D ~D-~
8S; .~" y.
/J j ~~Q
JCl ~'7 K
ZG `7 S d
'
.
f ~
(~ r
r
~7
TOTAL (Also enter on line 6, Recapitulation) I s ~~ 3 ~ aS, ~ ~
(If more space is needed, insert additional sheets of the same size)
REV-1510 EX+ (1-97~
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF
SCHEDULE G
INTER-VIVOS TRANSFERS 8~
MISC. NON-PROBATE PROPERTY
FILE NUMBER
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.
ITEM
NUMBER DESCRIPTION OF PROPERTY
INCLUDE THE NAME OF THE TRANSFEREE, THEIRRELATIONSHIPTODECEDENTANDTHEDATEOFTRANSFER.
ATTACH A COPY OF THE DEED FOR REAL ESTATE .
DATE OF DEATH
VALUE OF ASSET % OF
DECD'S
INTEREST
EXCLUSION
IFAPPLICABLE
TAXABLE VALUE
~.
TOTAL (Also enter on line 7, Recapitulation) 13
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX+ (12-99) ~,
SCNED~ILE N
COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES &
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF
FILE NUMBER
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1.
l,{~ Q ~ ~ ~ ~i o ~ o is
B.
1
2.
3.
4.
5.
6.
7.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative(s)
Social Security Number(s)/EIN Number of Personal Representative(s)
Street Address
City State Zip
Year(s) Commission Paid:
Attorney Fees
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City State Zip
Relationship of Claimant to Decedent
Probate Fees /~~ ~ ~S "~ ~ ~~ ~ J ~-Jj ~~ ~~0~ O(~
Accountant's Fees
Tax Return Preparer's Fees
~~' ~ ~
TOTAL (Also enter on line 9, Recapitulation) $ ~~ ~ (p , ~ !~
(If more space is needed, insert additional sheets of the same size)
REV-1512 EX+ (12-03)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE 1
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
ESTATE OF FILE NUMBER
Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses.
(If more space is needed, insert additional sheets of the same size)
REV-1513 EX+ (9-00)
SCHEDULE J
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
FILE NUMBER
NUMBER
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY RELATIONSHIP TO DECEDENT
Do Not List Trustee(s) AMOUNT OR SHARE
OF ESTATE
I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2)]
1.
~/~ ~~ 2 ~u~~~
~~-~~h -~.~r 'I
~~ 1 ~<< ~~ a ~ r c-5 ,~ c r ~- ; ,~i~}-
O - ,~3~-X ~ ~~
C~ L-cJi S ~ u ~ CFJ (~
U
~~ O
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 TH ROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II 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 ~ $
(If more space is needed, insert additional sheets of the same size)
REV-1514 EX+ (12-03)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
SCHEDULE K
LIFE ESTATE, ANNUITY
& TERM CERTAIN
heck Box 4 on REV-1500 Cover SheE
FILE NUMBER
This schedule is to be used for all single life, joint or successive life estate and term certain calculations. For dates of death prior to 5-1-89,
actuarial factors for single life calculations can be obtained from the Department of Revenue, Specialty Tax Unit.
Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death from 5-1-89 to 4-30-99,
and in Aleph Volume for dates of death from 5-1-99 and thereafter.
Indicate the type of instrument which created the future interest below and attach a copy to the tax return.
^ Will ^ Intervivos Deed of Trust ^ Other
NAME(S) OF'LIFE 7EHANT(S)
DAl`E DF BtRTH •
NEAREST AGE AT
DATE OF DEATH
TERM OF YEARS
UFE ESTATE IS PAYABLE
^ Life or ^ Term of Years
^ Life or ^ Term of Years
^ Life or ^ Term of Years
^ Life or ^ Term of Years
^ Life or ^ Term of Years
1. Value of fund from which life estate is payable ..........................................$
2. Actuarial factor per appropriate table ................................................ .
Interest table rate - ^ 3 1/2% ^ 6% ^ 10% ^ Variable Rate
3. Value of life estate (Line 1 multiplied by Line 2) ......................................$
NAMES} OF LIFE ANNUITANT(S) DATE OF BIRTH NEAREST AGE AT
DATE OF DEATH TERM OF YEARS
ANNUITY IS PAYABLE
^ Life or ^ Term of Years
^ Life or ^ Term of Years
^ Life or ^ Term of Years
^ Life or ^ Term of Years
1. Value of fund from which annuity is payable ............................................$
2. Check appropriate block below and enter corresponding (number) ......................... .
Frequency of payout - ^ Weekly (52) ^ Bi-weekly (26) ^ Monthly (12)
^ Quarterly (4) ^Serni-annually (2) ^ Annually (1) ^ Other ( )
3. Amount of payout per period ........................................................$
4. Aggregate annual payment, Line 2 multiplied by Line 3 .................................. .
5. Annuity Factor (see instructions)
Interest table rate - ^ 3 1/2% ^ 6% ^ 10% ^ Variable Rate
6. Adjustment Factor (see instructions) ................................................. .
7. Value of annuity - 1f using 31/2%, 6%, 10%, or if variable rate and period
payout is at end of period, calculation is: Line 4 x Line 5 x Line 6 ..........................$
If using variable rate and period payout is at beginning of period, calculation is:
(Line 4 x Line 5 x Line 6) + Line 3 ..................................................$
NOTE: The values of the funds which create the above future interests must be reported as part of the estate assets on Schedules A through
G of this tax return. The resulting life or annuity interest(s) should be reported at the appropriate tax rate on Lines 13 and 15 through 18.
(If more space is needed, insert additional sheets of the same size)
REV-1644 EX+(3-04) INHERITANCE TAX
SCHEDULE L
COMMONWEALTH OF PENNSYLVANIA REMAINDER PREPAYMENT
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OR INVASION OF TRUST PRINCIPAL
FILE NUMBER
I. ESTATE OF
(Last Name) (First Name) (Middle Initial)
This schedule is appropriate only for estates of decedents dying on or before December 12, 1982.
This schedule is to be used for all remainder returns when an election to prepay has been filed under the provisions of
Section 714 of the Inheritance and Estate Tax Act of 1961 or to report the invasion of trust principal.
II. REMAINDER PREPAYMENT:
A. Election to prepay filed with the Register of Wills on
(Date)
B. Name(s) of Life Tenant(s) Date of Birth Age on date Term of years income
or Annuitant(s) of election or annuity is payable
C. Assets: Complete Schedule L-1
1. Real Estate ...............................$
2. Stocks and Bonds ..........................$
3. Closely Held Stock/Partnership ...............$
4. Mortgages and Notes .......................$
5. CashlMisc. Personal Property ................$
6. Total from Schedule L-1 ......................................................$
D. Credits: Complete Schedule L-2
1. Unpaid liabilities ...........................$
2. Unpaid Bequests ...........................$
3. Value of Unincludable Assets .................$
4. Total from Schedule L-2 ......................................................$
E. Total Value of trust assets (Line C-6 minus Line D-4) .................................$
F. Remainder factor (see Table I or Table II in Instruction Booklet) ........................ .
G. Taxable Remainder value (Line E x Line F) .........................................$
(Also enter on Line 7, Recapitulation)
III. INVASION OF CORPUS:
A. Invasion of corpus
(Month, Day, Year)
B. Name(s) of Life Tenant(s) Date of Birth Age on date Term of years income
or Annuitant(s) corpus or annuity is payable
consumed
C. Corpus consumed ............................................................$
D. Remainder factor (see Table I or Table II in Instruction Booklet) ........................ .
E. Taxable value of corpus consumed (Line C x Line D) .................................$
(Also enter on Line 7, Recapitulation)
REV-1645 EX+ ~~-esl INHERITANCE TAX
SCHEDULE L-1
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN REMAINDER PREPAYMENT ELECTION
RESIDENT DECEDENT -ASSETS- FILE NUMBER
I. Estate of
(last Name) (First Name) (Middle Initiol)
II. Item No. Description Volue
A. Real Estate (please describe)
Total value of real estote $
(include on Section II, Line C-1 on Schedule L)
B. Stocks and Bonds (please list)
Total value of stocks and bonds $
(include on Section II, Line C-2 on Schedule L)
C. Closely Held Stock/Partnership (attach Schedule C-1 and/or C-2)
(please list)
Total value of Closely Held/Partnership $
(include on Section II, line C-3 on Schedule L)
D. Mortgages and Notes (please list)
Total value of Mortgages and Notes $
(include on Section II, Line C-4 on Schedule L)
E. Cash and Miscellaneous Personal Property (please list)
Total value of Cash/Misc. Pers. Property $
(include on Section II, Line C-5 on Schedule L)
III. TOTAL (Also enter on Section II, Line C-6 on Schedule L) $
(If more space is needed, attach additional 8'/s x 1 1 sheets.)
REV•1646 EX+ (3-84)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
INHERITANCE TAX
SCHEDULE L-2
REMAINDER PREPAYMENT ELECTION
-CREDITS- FILE NUMBER
I. Estate of
(Last Name) (First Name) (Middle Initial)
II. Item No. Description Amount
A. Unpaid Liabilities Claimed against Original Estate, and payable from assets
reported on Schedule L-1 (please list)
Total unpaid liabilities $
(include on Section II, Line D-1 on Schedule L)
B. Unpaid Bequests payable from assets reported on Schedule L-1 (please list)
Total unpaid bequests $
(include on Section II, Line D-2 on Schedule L)
C. Value of assets reported on Schedule L-1 (other than unpaid bequests listed under
"B" above) that are not included for tax purposes or that do not form a part
of the trust.
Computation as follows:
Total unincludable assets $
(include on Section II, Line D-3 on Schedule L)
III. TOTAL (Also enter on Section II, Line D-4 on Schedule L) $
(If more space is needed, attach additional 8'/z x 11 sheets.)
REV-1647 EX+ (9-00)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
SCHEDULE M
FUTURE INTEREST COMPROMISE
Check Box 4a on Rev-1500 Cover Sheet
FILE NUMBER
This Schedule is appropriate only for estates of decedents dying after December 12, 1982.
This schedule is to be used for all future interests where the rate of tax which will be applicable when the future interest vests in
possession and enjoyment cannot be established with certainty.
Indicate below the type of instrument which created the future interest and attach a copy to the tax return.
^ Will ^ Trust ^ Other
I. Beneficiaries
NAME OF BENEFICIARY RELATIONSHIP DATE OF BIRTH AGE TO
NEAREST BIRTHDAY
1.
2.
3.
4.
5.
II. For decedents dying on or after July 1, 1994, if a surviving spouse exercised or intends to exercise a right of withdrawal within
9 months of the decedent's death, check the appropriate block and attach a copy of the document in which the surviving spouse
exercises such withdrawal right.
^ Unlimited right of withdrawal ^ Limited right of withdrawal _
III. Explanation of Compromise Offer:
IV. Summary of Compromise Offer:
1. Amount of Future Interest .........................................................$
2. Value of Line 1 exempt from tax as amount passing to charities, etc.
(also include as part of total shown on Line 13 of Cover Sheet) ......$
3. Value of Line 1 passing to spouse at appropriate tax rate
Check One ^ 6%, ^ 3%, ^ 0% ......................$
(also include as part of total shown on Line 15 of Cover Sheet)
4. Value of Line 1 taxable at lineal rate
Check One ^ 6%, ^ 4.5% ...........................$
(also include as part of total shown on Line 16 of Cover Sheet)
5. Value of Line 1 taxable at sibling rate (12%)
(also include as part of total shown on Line 17 of Cover Sheet) ......$
6. Value of Line 1 taxable at collateral rate (15%)
(also include as part of total shown on Line 18 of Cover Sheet) ......$
7. Total value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) ......................$
(If more space is needed, insert additional sheets of the same size)
7EV-1648 EX (11-99) SCHEDULE N
~` SPOUSAL POVERTY CREDIT
COMMONWEALTH OF PENNSYLVANIA (AVAILABLE FOR DATES OF DEATH 01/01/92 TO 12131/94)
INHERITANCE TAX DIVISION
ESTATE OF FILE NUMBER
This schedule must be completed and filed if you checked the spousal poverty credit box on the cover sheet.
1 . Taxable Assets total from line 8 (cover sheet) .............................. .............. 1 .
2. Insurance Proceeds on Life of Decedent .................................. .............. 2.
3. Retirement Benefits .................................................. .............. 3.
4. Joint Assets with Spouse .............................................. .............. 4.
5. PA Lottery Winnings ................................................. .............. 5.
6a. Other Nontaxable Assets: List (Attach schedule if necessary).. 6a.
6b.
6c.
6d.
6. SUBTOTAL (Lines 6a, b, c, d) ........................................................ 6.
7. Total Gross Assets (Add lines 1 thru 6) ................................................. 7.
8. Total Actual Liabilities .............................................................. 8.
9. Net Value of Estate (Subtract line 8 from line 7) ....................................~....... 9.
If line 9 is greater than $200, 000 -STOP. The estate is not eligible to claim the credit. If not, continue to Part 11.
Income: 1. TAX YEAR: 19
a. Spouse ........... 1a.
b. Decedent .......... 1 b.
c. Joint ............. 1 c.
d. Tax Exempt Income .. 1d.
e Other Income not
listed above ........
1 e.
f. Total ............. 1 f.
4. Average Joint Exemption Income Calculation
4a. Add Joint Exemption Income from above:
(1 f) + (2f) _
3c.
3f.
+ (3f)
4b. Average Joint Exemption Income .....................................................
!f line 4(b) is greater than $40,000 -STOP. The estate is not eliaib/e to claim the credit. If not continue to Part
1. Insert amount of taxable transfers to spouse or $100,000, whichever is less ..................... I 1
2. Multiply by credit percentage (see instructions) ........................................... 12
3. This is the amount of the Resident Spousal Poverty Credit. Include this figure
in the calculation of total credits on line 18 of the cover sheet . ............................... 3.
4. For Nonresidents, enter the ratio of the decedent's gross estate in PA to the value of the
decedent's gross estate 4•
.............................................................
5. Multiply Tine 3 by line 4 and enter the total here. This is the amount of the Nonresident Spousal
Poverty Credit .Include this figure in the calculation of total credits on line 18 of the cover sheet....... 5•
2b.
2c.
2d.
2e.
1
REV-1649 EX ~ (1-97)
SCHEDULE 0
COMMONWEALTH OF PENNSYLVANIA ELECTION UNDER SEC. 9113(A)
INHERITANCE TAX RETURN /~+1'fAl 1~ A 1 111@T~1~1 ITIA\I@\
ESTATE OF FILE NUMBER
Do not complete this schedule unless the estate is making the election to tax assets under Section 9113(A) of the Inheritance & Estate Tax Act.
If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust.
This election applies to the Trust (marital, residual A, B, By-pass, Unified Credit, etc.).
If a trust or similar arrangement meets the requirements of Section 9113(A), and:
a. The trust or similar arrangement is listed on Schedule 0, and
b. The value of the trust or similar arrangement is entered in whole or in part as an asset on Schedule 0,
then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) to be included in the election to have such trust or
similar property treated as a taxable transfer in this estate. If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule 0, the
personal representative shall be considered to have made the election only as to a fraction of the trust or similar arrangement. The numerator of this fraction is equal to
the amount of the trust or similar arrangement included as a taxable asset on Schedule 0. The denominator is equal to the total value of the trust or similar arrangement.
PART A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's
(If more space is needed, insert additional sheets of the same size)