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HomeMy WebLinkAbout08-27-12J 1505610105 REV-1500 exloz_~~,tFi> PA Department of Revenue Pennsylvania OFFICIAL USE ONLY Bureau of Individual Taxes PO BOXz8o6oi °"""'"`"'°`"`"`"°` County Code Year File Number INHERITANCE TAX RETURN Harrisbur , PA i~i~8-o6oi ENTER DECEDENT I RESIDENT DECEDENT ~ ~ IT`'~ NFORMATION BELOW Social Security Number Date of Death MMDDYYW Date of Birth MMDDYYYY 202-42-5251 08/07/2008 01 /01 /1955 Decedent's Last Name - Suffix Decedent's First Name Ressler MI David (If Applicable) Enter Surviving Spouse's Information Below M Spouse's Last Name Suffix Spouse's First Name Ressler MI Molly Spouse's Social Security Number J 187-44-9033 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW OD 1. Original Retum O 2. Supplemental Return O 3. Remainder Return (Date of Death O 4. Limited Estate O Prior to 12-13-82) 4a. Future Interest Compromise (date of O 5. Federal Estate Tax Return Required death after 12-12-82) O 6. Decedent Died Testate O (Attach Copy of Will) 7. Decedent Maintained a Livin Trust 9 ._ 8. Total Number of Safe De osit B Att O 9. Litigation Proceeds Received O p ( oxes ach Copy of Trust.) 10. Spousal Povert Credit Date of D th y ( ea O 11. Election to Tax under Sec. 9113(A) Between 12-31-91 and 1-1-95) (Attach Schedule O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED ALL Name . CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Leslie M. Fields Daytime Telephone Number (717) 761-2121 -~, ~~, REGIST FyJVILLS U3E-ONLY ~~ First Line of Address m ~- ~-; == r '~ ~~> ~] ~- } _ G7 .. r -~ 831 Market Street _. _ _ ~ < '. r ' J n:_; Second Line of Address _ ~ ~ t.. f :. j ~ ~~ _,~ ~_ ~.. , © - -- it - ~7 --.~ --~ - .-- , _ Iry~ ;-._.= "rte, r y or Post Office _ C7 State ZIP Code DATE FILED ~ Lemoyne PA 17043 Correspondent's a-mail address: LFIELD$~COSTOPOULOS COM 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 TURE OF PERSON RESPO BLE FOR FILING RET RN ~ DATE ADDRESS PREPARER ~~/ l e !~ ~, F (.~,o-T ~ <~ f l y .O T .._. _.. _- l ~ a ~3 DATE PLEASE USE ORIGINAL FORM ONL Side 1 L 1505610105 1505610105 J 1505610205 REV-1500 EX (FI) Decedent's Social Security Number Decedents Name: David Michael Ressler 202-42-5251 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 and Notes Receivable (Schedule D) . ..... . .................. .. 4. 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E)..... .. 5. 6. Jointly Owned Property (Schedule F) O Separate Billing Requested ..... .. 6 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property . - (Schedule G) O Separate Billing Requested...... .. 7. 8. Total Gross Assets (total Lines 1 through 7) ............ 8 ................ . . 30,595.85 9. Funeral Expenses and Administrative Costs (Schedule H) ...... 9 ............ . . 7,424.00 10. Debts of Decedent, Mortgage Liabilities and Liens (Schedule I) .............. . 10. 11. Total Deductions (total Lines 9 and 10) .. .............................. . 11. 12. Net Value of Estate (Line 8 minus Line 11) ............................. 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which . 12. 23,171.85 an election to tax has not been made (Schedule J) ....................... . 13. 14. Net Value SubJect to Tax (Line 12 minus Line 13) .......... 14 . ............ . . 23,171.85 TAX CALCULATION -SEE INSTRUCTI ONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .0 0 16. Amount of Line 14 taxable - - 15. _ 23,171.85 at lineal rate X .0 _ 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.', 0.00 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O Side 2 L 1505610205 1505610205 J REV-1500 EX (FI) Page 3 File Number Decedent's Complete Address: DECEDENT'S NAME David Michael Ressler STREET ADDRESS 1009 Trindle Road ciTY Carlisle srarE ZIP PA 17013 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) (1) 2. CreditslPayments 0.00 A. Prior Payments B. Discount 3. Interest Total Credits (A + g) (2) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (3) 0.00 Fill in oval on Page 2, Line 20 to request a refund. (4) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0.00 Make check payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Dld 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 ............................................................................ d. receive the promise for fife of either payments, benefits or care? .................................................... ^ 2. If death occurred after Dec. 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 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 Jan. 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(a)(1)j. • 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)]. 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. REU-1511 EX+ (10-09) ~~ ~ ~ pennsylvarna DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF David Michael Ressler ITEM DUMBER A• FUNERAL EXPENSES: 1' funeral expenses SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS FILE NUMBER 2008=01021 Decedent's debts must be reported on Schedule I. 7,424.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s) of Personal Representative(s) Street Address City State ZIP Year(s) Commission Paid: Z~ Attorney Fees: 3• 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 4, Probate Fees: 5• Accountant Fees: 6, Tax Return Preparer Fees: 7. TOTAL (Also enter on Line 9, Recapitulation) I $ If more space is needed, use additional sheets of paper of the same size. 7,424.00 REV-1513 EX+ (01-10) ~. ~ pennsylvarna DEPARTMENT OFREVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: David Michael Ressler SCHEDULE BENEFICIARIES NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY RELATIONSHIP TO DECEDENT I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Do Not List Trustee(s) Sec. 9116 (a) (1.2),] 1• I Molly Ressler , 1009 Trindle Rd., Carlisle, PA 17013 wife ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET, AS APPROPRIATE. II NON-TAXABLE DISTRIBUTIONS A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1 FILE NUMBER: 2008-01021 AMOUNT OR SHARE OF ESTATE 30.595.85 TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET If more space is needed, use additional sheets of paper of the same size. $ REV-1508 EX+ (li-io) pennsy(vania DERpRTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: -~- David Michael Ressler ITEM ~- NUMBER 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. 2008-01021 All property jointly owned with right of survivorship must be disclosed on Schedule F. ~~~~~~•~ ~ iv'v VALUE AT DATE 1. proceeds of litigation: survival claim net after counsel fees and expenses OF DEATH See Attached letter dated 6/21/2012 from PA Dept. of Revenue 30,595.85 TOTAL (Also enter on Line 5, Recapitulation) $ If more space is needed, use additional sheets of paper of the same size. 30, 595.85 • ` pennsylvania DEPARTMENT OF REVENUE June 21, 2012 Leslie Fields, Esquire Costopoulos, Foster and Fields 831 Market Street Lemoyne, PA 17043 Re: Estate of David Ressler File Number 2108-1021 Court of Conunon Pleas Cumberland County Dear Ms. Fields: The Department of Revenue has received the Petition for Approval of Settlement Claim to be filed on behalf of the above-referenced Estate in regard to a wrongful death and survival action. It has been forwarded to this Bureau for the Commonwealth's approval of the allocation of the proceeds paid to settle the actions. Pursuant to the Petition, the 53 year old decedent died as a result of suicide. Decedent is survived by his wife and two children. Please be advised that, based upon these facts and for inheritance tax purposes only, this Department has no objection to the proposed allocation of the gross proceeds of this action, $200,000.00 to the wrongful death claim and $50,000.00 to the survival claim. Proceeds of a survival action are an asset included in the decedent's estate and are subject to the imposition of Pennsylvania inheritance tax. 42 Pa.C.S.A. §8302; 72 P.S. §9106, 9107. Costs and fees must be deducted in the same percentages as the proceeds are allocated. In re Estate of Merryman, 669 A.2d 1059 (Pa. Cmwlth. 1995). I trust that this letter is a sufficient representation of the Department's position on this matter. As the Department has no objections to the Petition, an attorney from the Department of Revenue will not be attending any hearing regarding it. Please contact me if you or the Court has any questions or requires anything additional from this Bureau. Sin ly, C,~ annon E. Baker Trust Valuation Specialist Inheritance Tax Division Bureau of Individual Taxes ~ PO Box 280601 ~ Harrisburg, PA 17128 1717.783.5824 ~ shabaker@pa.gov :~~YISUd ~~', M! tt' 47 Q U ~T ~ N O t~() ~r. CJ ri. r ~ ~ a O ~1~5~~'~ ~S~• ~~~ ;,~„ r ~ ,tip. ~.. 0 ~; ~ ~ M rr ~ ~ O .--i . y O - , ~ ~ 'a ° ~ ,~ a w o~ ~ ~ = ~~, U ~_ ~o ~~ : - ~ '"" ~ ~ ~ s, _ ~ ~- ~ a U O U A .a rw~. 3 ~~ ~ ¢ N ,y --~ o "~ ¢ c ~ ~ ~ W o ~, < ~z ~Na Co nor L=, ~ Ym~ v~ z a °. z O ¢ ~ } ~ z z r O ~ W F ¢ J U