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HomeMy WebLinkAbout07-16-09 (2)' 1505607121 REV-1500 ~ Los-o5) OFFICIAL USE ONLY PA Department of Revenue County Code Year File Number Bureau of Indmidual Taxes INHERITANCE TAX RETURN PO BOX 280601 2 1 0 8 1 0 6 6 Harrisbum, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 1 0 0. 9 2 0 0 8 0 3 1 8 1 9 5 2 Decedent's Last Name Suffix Decedent's First Name MI F I R S T K E N N E T H B (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 Retum ~ 2. Supplemental Retum ~ 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate ~ 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Retum Required death after 12-12-82) 0 ® 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) GORRESPVNDtN 1 - i Mis atc i IUn Mus i lit VVMr~t i tu. ALL V VKKt.7rvnUtl'!VC AnU l.Vnt1UCP1 I wL I ~ IntVK111P-1 ivn .~17VULU DC UIKGb 1 CU 1 V: Name Daytime Telephone Number M U R R E L R W A L T E R S, I I I 7 1 7 6 9 7 4 6 5 0 Firm Name (If Applicable) First line of address 5 4 E A S T M A I N S T R E E T Second line of address City or Post Office State M E C H A N I C S B U R G P A Correspondent's a-mail address: RN ZIP Code REGISTEI~F WILLS US LY •r> ~~ ~ C ~" =' ~: ~'"' ` Ci C~ --n ~,~ ~ ~ TE~ILED •• 1 7 0 5 5 "~'"~ ^~ 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 representable ~s based on all information of which preparer has any knowledge. OF 4J ur~i~ - J /~ ~~ ADDRESS CHARLES E F J , 4 921 HIGHLAND ST HARRISBURG PA 17111 SIGNATURE ~ R E N REPRESENTATNE DATA /~~ f MURREL R.'WALTERS III, 54 E. MAIN ST MECHANICSBURG PA 17055 PLEASE USE ORIGINAL FORM ONLY Side 1 1505607121 1505607121 J J 1505607221 REV-1500 EX Decedent's Social Security Number Decedent's Name: KENNETH B. FIRST 1 8 7 4 4 9 9 2 9 RECAPITULATION 1. Real estate (Schedule A) ........................................ 1 8 1 8 2 7 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. • 1 0 2 5 0 6 • 5 2 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ....... 5. 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ....... 6. 1 9 8 9 9 5 • 4 5 7. Inter-Vivos Transfers ~ Miscellaneous N -Probate Property Billi R t d t ~ S 7 • ....... ng eques e epara e (Schedule G) . 8. Total Gross Assets (total Lines 1-7) ........................... 8. 3 0 9 6 8 4. 6 8 g 1 7 8 1 5. 0 0 P ( ) ............. 9. Funeral Ex enses 8 Administrative Costs Schedule H . ... 5 2 4 0 0 9 9 ( ) ............ 10. Debts of Decedent, Mort a e Liabilities, & Liens Schedule I 10. • 11. Total Deductions (total Lines 9 8 10) ........................... 11. 1 8 3 3 9. 0 0 12. Net Value of Estate (Line 8 minus Line 11) ...................... ... 12. 2 9 1 3 4 5 • 6 8 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) .............. .... 13• • 2 9 1 3 4 5 6 8 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 0 0 0 0 0 0 . (a)(1.2) x .0 15. . 16. Amount of Line 14 taxable 0 0 0 at lineal rate X 16. • 17. Amount of Line 14 taxable 2 9 4 1 9 1 8 1 3 5 3 0 3 0 2 at sibling rate X .12 1 ~• . 18. Amount of Line 14 taxable 0 0 0 0 0 0 . at collateral rate X .15 18 . 3 5 3 0 3. 0 2 19. Tax Due ............................................ ....19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ^ Side 2 1505607221 1505607221 J REV-1500 EX Page 3 Decedent's Complete Address: File Number 21 28 1066 DECEDENTS NAME KENNETH B. FIRST STREET ADDRESS CIO GOLDEN LIVING CENTER 46 ERFORD ROAD CITE( STATE ZIP CAMP HILL PA 17011 Tax Payments and Credits: 7. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount 3. Interest/Penalty if applicable D. Interest E. Penalty (1) 35,303.02 29,000.00 1,450.00 Total Credits (A + B + C) (2) 30,450.00 0.00 Total Interest/Penalty (D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. FIII in oval on Page 2, Line 20 to request a refund. 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. B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (4) 0.00 (5) 4,853.02 (5A) (5B) 4,853.02 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? ................................................................................. ...... ^ 0 3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her death? ... ...... ^ ^X 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ............................................................................................ ...... ^ 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 p2 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 childtwenty-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-1503 EX + (6-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER KENNETH B. FIRST 21 28 1066 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 73 SERIES EE SAVINGS BONDS 8,182.71 TOTAL (Also enter on line 2, Recapitulation) ~ S 8,182.71 (If more space is needed, insert additional sheets of the same size) REV-1508 EX + (8-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER KENNETH B. FIRST 21 28 1066 Indude the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with right of survivorship must be discbsed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. JOHN HANCOCK 4,423.50 MUTUAL FUND 340.008 SHARES ~ $13.01 PER SHARE 2. H&R BLOCK 290.00 IRA 3. 2004 CHEVROLET CAVALIER AUTOMOBILE 5,500.00 PER KELLEY BLUE BOOK VALUE 4. DEPARTMENT OF DEFENSE 64,931.89 RETIREMENT BENEFITS 5. THRIFT SAVINGS PLAN 21,853.13 6. 2008 FEDERAL INCOME TAX REFUND 5,508.00 TOTAL (Also enter on line 5, Recapitulation) ~ 3 (If more space is needed, insert additional sheets of the same size) REV-1509 EX + (6-98) SCHEDULE F COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN ESTATE OF FILE NUMBER KENNETH B. FIRST 21 28 1066 Han 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 A. CHARLES E. FIRST, JR. 4921 HIGHLAND STREET HARRISBURG, PA 17111 JOINTLY-OWNED PROPERTY: ADDRESS ,TIONSHIP TO DECEDENT BROTHER 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 96 OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENTS INTEREST 1. A. 3/13/08 WACHOVIA 4,720.33 100. 4,720.33 CHECKING 2. A. 3/19/08 WACHOVIA 194,275.12 100. 194,275.12 CHECKING 0.00 TOTAL (Also enter on line 6, Recapitulation) I S 198,995.45 (If more space is needed, insert additional sheets of the same size) REV-1511 EX + (10-06) SCHEDULE H COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES ~ INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER KENNETH B. FIRST 21 28 1066 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. SULLIVAN FUNERAL HOME 6,611.00 2. MT. ZION LUTHERAN CHURCH, ENOLA, PA -CEMETERY LOT 1,100.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative (s) CHARLES E. FIRST, JR. (RENOUNCED) Street Address 4921 HIGHLAND STREET City HARRISBURG State PA Zip 17111 Year(s) Commission Paid: 2, Attorney Fees MURREL R. WALTERS, III, ESQ. 3, Family Exemption: (If decedents address is not the same as claimants, attach explanation) Claimant 4. Street Address City State Zip Relationship of Claimant to Decedent Probate Fees REGISTER OF WILLS -CUMBERLAND COUNTY 5 Accountants Fees 6. Tax Return Preparer's Fees 7. TOTAL (Also enter on line 9, Recapitulation) I ; 9,625.00 479.00 (If more space is needed, insert additional sheets of the same size) REV-1512 EX + (12-03) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF FILE NUMBER KENNETH B. FIRST 21 28 1066 Report debts incurred by the decedent prior to deatl~ which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. CAMP HILL EMERGENCY PHYSICIANS 284.00 MEDICAL 2. HOLY SPIRIT PHYSICIANS 240.00 MEDICAL TOTAL (Also enter on line 10, Recapitulation) I ; (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 KENNETH B. FIRST c~ co -~ vvv 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 [indude ou ht sppoousal distributions, and transfers under Sec. 9116 (~a (1.2)] 1. CHARLES E. FIRST, JR. Sibling 100.00 4921 HIGHLAND STREET HARRISBURG, PA 17111 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II, NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAXIS 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 S (If more space is needed, insert additional sheets of the same size) ~~1 ~~ ~ Zl~.~ (t9-P~-