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HomeMy WebLinkAbout12-20-11 (2)J 1505610143 Ex o1-to S EV-1500 ( ) ~ OFFICIAL USE ONLY PA Department of Revenue pennsyivania County Code Year File Number Bureau of Individual Taxes oErnnn+EOmornEVEauE Po Box.2aosol INHERITANCE TAX RETURN 21 11 00182 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 213 24 0845 12 05 2010 07 25 1929 Decedent's Last Name Suffix Decedent's First Name MI PARSONS ELAINE C (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI PARSONS H. F Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL INAPPROPRIATE OVALS BELOW 1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death prior to 12-13-82) ^ 4. Limited Estate ^ 4a. Future Interest Compromise 5. Federal Estate Tax Return Re uired (date of death after 12-12-82) ^ 4 ^ g Decedent Died Testate ~ pAtetce~ r1oMaint~ned a Living Trust 8. Total Number of Safe De (Attach Copy of Will) ^ ( (: py of Crust) posit Boxes 9. Litigation Proceeds Received ~ 10. b~tweenl~2 31 ~1 andit{datges~f death ^ 11, Election to tax under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number WM D SCHRACK III ESQ 717 432 9733 First line of address 124 W HARRISBURG STREET Second line of address City or Post Office DILLSBURG State 21P Code REGISTER OF WILLS USE ONLY C7 C- ~ :.:: _ -_r, _ . - -~ir-~ l -_ - .. t ~ ~ ,_.`~ r ..~ - ~ -r~ DAT~LE,D -,~- t. -, -r-, „ _. PA 170191268 ~`~ ,--.? `"' `--' .t. _ --` ; Correspondents a-mail address: Schracklaw@comcast.net U er penalties of perjury, I deGare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it e, correct and complete. Declaration of preparer other than the personal representative Is based on all information of which preparer has any knowledge. S~ A RE OF PERSON ONSI R FILING RETU N DATE James. A. Rogers 1`~ 1~ 1l 226 U~lion Church Road, Dillsburg, PA 1 SIGNATURE QP'F~REPARER OTHER THAN REPRESENTATIVE DATE % 2.~,~ ~ Wm. D. Schrack Esq. 124 W. Harrisburg Street, Dillsburg, PA 17019-1268 Side 1 1505610143 1505610143 J 1505610243 REV-1500 EX Decedent's Social Security Number Decedent's Name: Pa~SOnS, Elaine C. 213 24 0845 RECAPITULATION 1. Real Estate (Schedule A) ....................................................................................... 1. 4 , 500.00 2. Stocks and Bonds (Schedule B) ............................................................................. 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)......... 3. 4. Mortgages 8 Notes Receivable (Schedule D) ........................................................ 4. 5• Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ............... 5. 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested............ 6. 7. Inter-Vivos Transfers & Miscellaneous -Probate Property (Schedule G) ~ Separate Billing Requested............ 7. 8. Total Gross Assets (total Lines 1-7) ..................................................................... 8. 4 , 5 0 0 . 0 0 9. Funeral Expenses & Administrative Costs (Schedule H) ....................................... 9. 10 , 23 6 . 0 0 10. Debts of Decedent, Mortgage Liabilities, 8~ Liens (Schedule I) .............................. 10. 11. Total Deductions (total Lines 9 & 10) ................................................................... 11. 10 , 236.00 12. Net Value of Estate (Line 8 minus Line 11) .......................................................... 12. -$ , 736.00 13. Charitable and Governmental Bequests/Sec 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. -5 , 7 3 6. 0 0 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 0 00 15 0.00 . (a)(1.2) x .o0 . 16. Amount of Line 14 taxable 736.00 5 1s. 258.12 , at lineal rate X .045 17. Amount of Line 14 taxable 0 0 0 17 0. 0 0 . at sibling rate X .12 . 18. Amount of Line 14 taxable 0 0 0 18 0. 0 0 . at collateral rate X .15 . 19. Tax Due .................................................................................................................. 19. 2 5 8.12 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ^ Side 2 1505610243 1505610243 REV-1500 EX Page 3 Decedent's Complete Address: File Number 21-11-00182 DECEDENT'S NAME Parsons, Elaine C. STREET ADDRESS 815 N. Walnut Street CITY Mechanicsburg STATE PA ZIP 17055 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) 2. Credits/Payments A. Prior Payments B. Discount 3. 1 nterest 4, If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box 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. (1) Total Credits (A + B) (2) (3) (4) (5) 258.12 258.12 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 :.................................. ^ ^x c. retain a reversionary interest; or ............................................................................................................... ^ d. receive the promise for life of either payments, benefits or care? ............................................................ ^ ^x 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .................................................................................................................... ^ ^x 3. Did decedent own an "in trust 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? .................................................................................................................. ^ 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 Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 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 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 21 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 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 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 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-1502 EX+(11-08) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF Elaine C. FILE NUMBER All real property owned solely or as a tenant in common must be reported at talc market value. Fair market value is defined as the price at which pro~arty would be exchanged between a willing buyer and a willing seller, neither being compelled to buy ar sell, both having reasonable knowledge of the relevant fads. Real property which is jofntlyownsd with right of survivorship must be disclosed on schedule F. Attach a copy of the settlement sheet if the property has been sold Include a copy of the deed showing decedent's Interest if owned as tenant in common. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Contract sales price for property at 815 N. Walnut Street, Mechanicsburg, Cumberland 4,500.00 County, PA (Tax Parcel No. 18-22-0519-341) (see HUD-1) was $119,500.00; on original Return filed September 16, 2011, value of real estate was listed as $115,000.00; the property sold for $4,500.00 more than shown on original REV1500 TOTAL (Also enter on Line 1, Recapitulation) I 4,500.00 (If more space is needed, additional pages of the same size) Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule A (Rev. 11-08) REV-1151 EX+ (10-06) SCHEDULE H COMIN~V~DAP D~RVANIA FUNERAL EXPENSES & ECE IJ ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Parsons, Elaine C. 21-11-00182 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT A. FUNERAL EXPENSES: B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zio Year(sl Commission paid 2. Attorney's Fees 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zio Relationship of Claimant to Decedent 4. Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 10,236.00 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 10,236.00 Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 10-06) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Parsons, Elaine C. 21-11-00182 ITEM NUMBER DESCRIPTION AMOUNT Other Administrative Costs 1 Additional home repairs to satisfy home inspection - Home Depot (supplies for contractor 36.80 Rice) 2 Additional home repairs to satisfy home inspection -Jeffrey Rice, contractor 404.18 3 Mechanicsburg Borough -additional charges for sewer and trash until time of settlement 130.15 4 PPS<L -additional electrical charges until settlement 48.51 5 Settlement costs for sale of real estate (see HUD-1) 9,565.44 6 United Water -additional charges until time of settlement 50.92 H-B7 10,236.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) 'r~~MErrr ~, v ~ `,- ~O ~~ap~~~iu ~= A. Settlement Statement (HUD-1) ~~,~ OFJE~a R Tvnn of I nan OMB Approval No. 2502-0265 t ~ FIiA 2 ~ RHS 3 X C U i 6. File Number: 7. Loan Number: 8. Mortgage Insurance Case Number: . . ~ onv. n ns. 11102-108 0331265298 a. ~ V.~ 5. ~ Conv, Ins. C. Note: This form is hrrnished fo give you a statement o/actual settlament costs. Amounts paid to and by the settlement agent are shown. /tams marked '(p.o.c.)"were paid outside the closing; they are shown here for informational purposes and are not included in the totals. D, Name and Address of Borrower: E. Name and Address of Seller: F. Name and Address of Lender: Doris J Waughtel Estate of Elaine C. Parsons Homesale Lending LLC 594 Center Road 226 Union Church Road 13675 Technology Drive Mifflintown, PA 17059 Dillsburg, PA 17019 Eden Prairie, MN 55334 G. Property Location: H. Settlement Agent: 23-2332041 I. Settlement Date: 815 N Walnut Street Residential-Commercial Abstract, Inc. Mechanicsburg, PA 17055 3621 North Front Street December 9 2011 Cumberland County, Pennsylvania Harrisburg, PA 17110 Ph. (717)901-8926 , Place of Settlement: 3621 North Front Street Harrisbur , PA 17110 J. Summary of Borrower's transaction K. Summary of Seller's transaction 100. Gross Amount Due from Borrower: 400. Gross Amount Due to Seller: 101. Contract sales rice 119,500.00 401. Contract sales rice 119 500 00 102. Personal ro art 402. Personal ro art , . 103. Settlement Char es to Borrower Line 1400 5,061.64 403. 104. 404. 105 405. Ad'ustments for items old b Seller In advance Ad ustments for items aid b Seller (n advance 106. Cit /Town Taxes to 406. Ci !town Taxes to 107. Count Taxes 12/10/11 to 01/01!12 36.46 407. Count Taxes 12110111 to 01/01!12 46 36 108. Assessments 12/10/11 to 07/01! 12 803.14 408. Assessments 12/10/11 to 07/01/12 . 803 14 109. 4th Quarter HOA Dues 12/10/11 to 01/01/12 28.70 409. 4th Quarter HOA Dues 12!10/11 to 01/01/12 . 110. 410. 28.70 111 411. 112. 412. 120. Gross Amount Due from Borrower 125,429.94 420. Gross Amount Due to Seller 120,368.30 200. Amounts Paid b or in Behalf of Borrower 500. Reductions In Amount Due Seller: 201. De osit or earnest more 2,000.00 501. Excess de osil see instructions 202. Principal amount of new loan(s) 84,000.00 502. Settlement char es to Setter Line 1400 12 890 44 203. Existing loan(s) taken subject to 503. Existin loans taken subject to , . 20`1= _ _ 504. Payoff First Mortgage 205. __ 505. Pa off Second Mort a e 206. 506. 20.. 507. De osit disb. as roceeds 208' 508. 209. 509. Ad'ustments for items un ofd b Seller Ad ustments for items un aid b Seller 210. Cit !town Taxes to 510. Ci !Town Taxes to 211. Coun( Taxes to 511. Count Taxes to 212. Assessments to 512. Assessments to 213. 513. 214. 514. 215. 515. 216. 516. 217 517. 218. 518. 219. 519. 220. Total Paid b /for Borrower ~ 86,000.00 520. Total Reduction Amount Due Seller 12 890.44 300. Cash at Settlement from/to Borrower 600. Cash at settlement to/from Seller , 301, Gross amount due from Borrower line 120) 125,429.94 601. Gross amount due to Seller line 420 120 368 30 302. Less amount paid by/for Borrower (line 220) ( 86,000.00) 602. Less reductions due Seller (line 520) ( , . 12 890.44 303. Cash X^ From ~ To Borrower 39,429.94 603. Cash O To ~ From Seller , 107,477.86 ~~~ unccnlynea nerrCeuy acnnowieage receipt of a completed copy of this statement 8 any attachments referred to herein Borrower ~ ~~ ~ ,j - '~ Seller t to of Elai C. ppp~~~rrrsons Dons J. Waughtp ~" B ~~ I``V1 ~ ` ~ ( ~, 1 V~ ~^ J es A. Rogers, Ex dor The Pubiic Raporvnq eurtlen for Nis cdiecnon of intormaUOn is esumatec at 75 minutes px response fw conauinq, raviawnnq, antl nponin9 ins tlata. Tnis agency may not collect finis information. ono you are not requirao to eomp:ele Tnis farm, unless a tlisplays a .'umxntiy valitl OMB control number. ^io confoentiaNty is aswra4 this tliscloaura Is mantlalory. This is tlesipnetl to provioe the parries to a RESPA covered iransaaion with informaton tluring me saltlemenl process. Page 1 of 3 HUD-1 (WAUGHTEL. PFDI11102-108!23) .,arges . estate Broker Fees $ 7,565.00 Paia From pa~tl From ,.,n of commission (line 700) as follows: borrowers seiiers e.980.00 to ReMax Realt Associates wne: at Funtla at c 3 585.00 to Prudential Homesale Services Grou Setnement Setuement 03, Commission oaid at settlement 704. Broker Fee to Prudential Homesale Services Grou 225.00 7 565.00 705. 80U. Items Pa able in Connection with Loan 801. Our on ination char e $ 595.00 (from GFE #1 802. Your credit or charge (points) for the specific interest rate chosen $ (from GFE #2) 803. Your adjusted origination charges from GFE #A 595.00 804. A raise/ fee to RELS Valuation from GFE #3 380.00 805. Credit Re ort to RELS Credit from GFE #3 806. Tax service to (from GFE #3) 11.66 807. Flood certification to (from GFE #3) 808. (from GFE #3) 809 (from GFE #3) 810. (from GFE #3) 811 (from GFE #3) 900. Items Re uired b Lender to Be Paid In Advance 901. Daily interest charges from 12/09!11 to 01101/12 23 @ $9.780000/day (from GFE #10) 224.94 902. Mort a e insurance remium for months to from GFE #3 903. Homeowner's insurance for 1.0 ears to Erie Insurance from GFE #11 POC:B465.00 904. from GFE #11 905. (from GFE #t 1) 1000. Reserves De osited with Lender 1001. Initial deposit for your escrow account (from GFE #9) 999 66 1 omeowne s insurance 4. mont s per mont . 1003. Mart a e insurance months $ er month $ 1004. Property taxes $ 1,445.48 County Taxes 12.000 months @ $ 50.41 per month School Taxes 7.000 months @ $ 120.08 per month Assessments months @ $ per month 1DOs s 1006. months @ S per month S 1007 ,aggregate Adjustment months @ $ per month $ -600.82 1008. --- $ 1009. $ 1100. Title Char es 1101. Title services and lender's title insurance (from FE #4) 1102. Settlement or closin fee $ 1,026.48 1103. Owner's title insurance to Old Republic National Title Ins. Co. from GFE #5 1104. Lender's title insurance to Old Republic National Title Ins. Co. $ 886.48 176.40 1105. Lender's title olic limit $ 84,000.00 1106. Owner's title olic limit $ 119,500.00 1107. A ent's ortion of total title insurance remium to Residential-Commercial Abstract $ 914.07 1108. Underwriter's ortion of total title insurance remium to Old Re ublic National Title Ins. Co. $ 148.81 1109. Closing Protection Letter to Old Republic National Title Insurance Comp y 75.00 1110. Notary Fee to Residential-Commercial Abstract, Inc. 1111. Tax Certification to Residential•Commercial Abstract, Inc. 1112 10.00 10.00 1113 1200. Government Recording and Transfer Charges 12D'I. Government recordin char es to Cumberland Count Recorder of Deeds (from GFE #7 1202. Deed $ 62.00 Mortgage $ 96.00 Releases $ Other $ 50 50 208.50 . 12G3 L•ansfer taxes to Cumberland County Recorder of Deeds (from GFE #8) 1204. City/County tax/stamps a 1,195.00 $ 1,195.00 1205. State tax/stam s $ 1,195.00 $ 1_06. 1,195.00 1207. 1300. Additional Settlement Char es 130'1. Re uired services that ou can sho for from GFE #6 1302. Flood Life of Loan Fee to WF Flood Svcs $ 19 00 19.00 . 1303. 4th Quarter HOA Dues to W nnewood Park Townhouse Owners A; 1304, Attorne Fee -Estate Administration to Law Office of Wm. D. Schrock III 1305. See addifl disb. exhibit to 1400. Total Settlement Char es (enter on lines 103, Section J and 502, Section K) ,061.64 120.00 3,250.00 740.44 12,890.44 ay s~,ninq page 1 0/ Inis statement, the si9nalones acknowletlga rece~pi cf a ccmpletetl wpy of page Z 8 3 of mis three eta ment. esi i I- m is street, Inc., the gent Certified to be a true copy. ~ Page 2 of 3 HUD-1 (WAUG HTE L. PFD/11102-108/23)