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Home My WebLink About12-16-13 (2) ..--� REV-1500°(°''p' t 1505610143 PA Department of Revenue penrlsyLia OFFICIAL USE ONLY Bureau of individual Taxes DwMy toes raw Fla Nwnbar PO BOX28MI INHERITANCE TAX RETURN 21 12 00640 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Data of Death Date of Birth 04 14 2012 05 01 1425 Decedent's last Name Suffbc Decedents First Name MI RIORDAN JOAN G (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 ❑ i. Original Return ® 2. Supplemental Return ❑ 3.Remainder Return(date of death Priortbl2-13-92) ❑ 4. Limited Esfale ❑ as,Face irNxea Ca,mrxA* ❑ 5. Federal Estate Tart Retum Required (acemdmmmhrt2424M g Diuxxtwa D*O Twhile ❑ 7, Dewdwn Mewtainea a UWV Trull 0 S. Total Number of Safe Deposit Boxes ® fA11adI CM&M) (Axaeh COpldirT A)t ❑ E. Litigation Proceeds Received ❑ 1o.m t2P C 3w,81=5-W ❑ 11 Etection to tax under Sec.9113(A) (Attach Sch.O) CORRESPONDENT.THIS SECTION MUST BE COMPLETED,ALL CORRESPONDENCE AND CONFIDENTIAL TAX INF MATION SftOIwBE O!gCTBD TO: Name DayDme 1>t10 one Nwnbef rrt n RICHARD E CONNELL ESQ 717 3= �$73T CC Fr77 T'`^' rr REOI$'t�FyytLLSCUSE 040 First line of address rl 2303 MARKET STREET \3 ; Second line of address k -+'° Cr'i co o W �'1 CRY or Post Offiw State ZIP Coda DATE FILED CAMP HILL PA 17011 c fresponalwws*.man address: connell @bmc»law.net Under penalties of pe uuryry I declare that I have examined this return,including acoompanyirg schedules and Statements,and to th best of my knowledge and belief, it is true,correct ant Dornplate.De reion of preparer other Man the personal mpresentaeve Is based on all information of which preparer has any knowledge. , (S GNI,TVRE OF SO ESPON IB FOR FILING RETURN (� DATE �1utCd JamesT.Riordan RESS P. z 3 dge,MA 02238 TURF ATVE DATE Richard E Connell Esq ADDRESS 6 y 2303 Mafket Street,Camp Hill,PA 17011 i Side 1 L 1505610143 1505610143 1505610243 REV-1500 EX RECAPITULATION 1. Real Estate(Schedule A).......................................................................................... 1 219 , 200 . 00 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) ❑ Separate Billing Requested............. 6. 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) ❑ Separate Billing Requested............. 7, 8, Total Gross Assets(total Lines 1-7)....................................................................... 8. 219 , 200 . 00 9. Funeral Expenses&Administrative Costs(Schedule H)......................................... 9. 25 , 760 . 89 10. Debts of Decedent,Mortgage Liabilities,&Liens(Schedule 1)................................ 10. 11. Total Deductions(total Lines 9&10)...................................................................... 11. 25 , 760 . 89 12 Net Value of Estate(Line 8 minus Line 11)............................................................. 12. 193 , 439 . 11 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. 193 , 439 . 11 TAX COMPUTATION-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 .00 15. 16. Amount of Line 14 taxable at lineal rate x .045 193 , 439 . 11 16. 8 , 704 76 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. 8 , 704 76 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ❑ Side 2 1505610243 1505610243 J REV-1500 EX Page 3 File Number 21 - 12 - 00640 Decedent's Complete Address: EDEN NAME Riordan, Joan G. STREET ADDRESS 29 Blue Mountain Vista CITY -- - --- - STATE ZIP Mechanicsburg PA 17050 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 8,704.76 2. Credits/Payments A. Prior Payments _ B. Discount Total Credits(A +B) (2) 0.00 3. Interest (3) 0.00 . 4. If Line 2 is greater than Line 1+Line 3,enter the difference. This is the OVERPAYMENT. (4) 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 (5) 8,704.76 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;..__............................................................................ Q b. retain the right to designate who shall use the property transferred or its income;.................................... 0 x❑ c, retain a reversionary interest;or....___................-...... ................................................__...... r�...lEXI 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?..................................................-............ ......................__..... ....... .......... ❑ ❑x 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?........................_.................................._............................................ ...... ..... 0 ❑ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE O AND FILE IT AS PART OF THE RETURN. For dates of death on or after JuIY 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)(1)], 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) III. 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 re urn 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)1. •The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent V2 P.S.&9116 ta)(1.3)f. A sibling is defined under Section 9102,as an individual who has at least one parent in common with the decedent,w ether y bloo88 or adoption. SCHEDULE A COMMONWEALTH OF PENNSYLVANIA REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER ESTATE OF Riordan, Joan G. 21 - 12 - 00640 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. 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 OF NUMBER DESCRIPTION DEATH 1 29 Blue Mountain Vista Drive 219,200.00 Parcel ID#38-06-0311-034. - U53 Silver Spring Township, Cumberland County, PA Assessed Value: $219,200.00 Common Level Ratio Factor 1.00 The condominium has been listed for sale for some time. Original list price was$224,900.00. As of 9/13/2013, the asking price was reduced to$219,900.00. Selling price will almost certainly be less. The property is being reported at the tax assessed value as of decedent's date of death. TOTAL(Also enter on Line 1, Recapitulation) 219,200.00 SCHEDULE H FUNERAL EXPENSES& COMMONWEALTH OF PENNSYLVANIA - INHERITANCE DECEDENT ArMalNISI�/T ECC67S RESIDENT TAX RETURN I�LII�II��IIJrrW rYC WJrJ - FILE NUMBER ESTATE OF Riordan, Joan G. 21 - 12 -00640 Debts of decedent must be reported on Schedule I. ITEM NUMBER FUNERAL EXPENSES: DESCRIPTION AMOUNT A. B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zip Year(s) Commission paid 2. Attorney's Fees Ball, Murren &Connell 1,581.54 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 Cumberland County Register of Wills-additional probate paid July, 400.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 1 Additional costs following the original return filing: 1,055.00 Condo Fees TOTAL(Also enter on line 9, Recapitulation) 25,760.89 p .,,Schedule H COMMONWEALTH OF PENNSYLVANIA /��,.„riu.,�.�y�,,�/�,,,,��.�y INHERITANCE TAX RETURN rye��Ingyj!We Cysts co rynued RESIDENT DECEDENT ESTATE OF Riordan, Joan G. FILE NUMBER 21 - 12 - 00640 2 R.F. Fager- maintenance,faucet repair 5.83 3 Duty Lock Company-broken lock repair 5.06 4 Travelers Indemnity- insurance 254.00 5 Real Estate Taxes 1,815.59 6 PP&L 424.14 7 Verizon 421.62 8 Silver Spring Township(sewer) 224.70 9 Pennsylvania-America Water Company 111.36 10 Executor's Travel (from Massachusetts and locally) 954.05 11 Reserve for Realtor's Commission (6%) 13,164.00 12 Reserve for 1% Realty Transfer Tax 2,194.00 13 [Earlier filed inheritance tax return included an additional reserve for administration 3,000.00 expenses in the amount of$1,000.00. In addition to that reserve, however, it appears that it may be at least six months until the real estate is sold as a number of similar units are on the market. Therefore, additional estimated Reserves are included for electric, water, sewer, travel, real estate taxes, insurance and attorney fees.] 14 Additional Probate Fee- Register of Wills 150.00 Page 2 of Schedule H