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HomeMy WebLinkAbout02-01-05 REV-1500EJt+(6-00) . '* COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-1)601 DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) Martin Mar'orie DATE OF DEATH (MM-DD- Year) w ... ,,$(/) ,,"''' wOo" ",00 (Jlf~ !it REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT I- Z W C W o W C DATE OF BIRTH (MM.DD-Year) ;fCo OFFICIAl USE ONLY FILE NUMBER ~ ~ L-Jl!iL ..Q ~Lk.L_ COUNTYCOOE YEAR NUMBER SOCIAL SECURITY NUMBER Il THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WillS SOCIAL SECURITY NUMBER D 3. Remainder Return (date of death priorto 12-13-82) D 5. Federal Estate Tax Return Required _ 8. Total Number of Safe Deposit Boxes o 11. Election to tax under Sec. 9113(A) (AIlachSch0) v 17,048.58 X ~(15) 0.00 0.00 X _(16) 0.00 0.00 X .12 (17) 0.00 0.00 X .15 (18) 0.00 (19) 0.00 Martin Maurice M1. Original Retum o 4. Limited Estate o 6. Decedent Died Testate (AtlachcopyoIWiII) o 9. Litigation Proceeds Received o 2. Supplemental Retum o 4a. Future Interest Compromise (date of death after 12-12-82) D 7. Decedent Maintained a living Trust (Attach copy of Trust) o 10. Spousal Poverty Credit (date of death between 12-31-91 and1-1-95} ... Z W C Z o Oo (/) W '" '" o " l COMPLETE MAILING ADDRESS 49 West Orange Street Suite 3 TELEPHONE NUMBER 717-532-3270 Shi z o 5 :J l- ii: c( o w 0:: 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortga9es & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. JoinUy Owned Property (Schedule F) o Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (1) (2) (3) (4) (5) (6) (7) (9) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 11. Total DeducUons (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) 14. NelValue Subject to Tax (Line 12 minus Line 13) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES z o < I- :J II.. :l! o o ~ I- 15. Amount of Une 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) 16. AmountofUne 14 taxable at lineal rate 17. Amount of Une 14 taxable at sibling rate 18. Amount of Une 14 taxable at collateral rate 19. Tax Due 20 0 CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 17,420.00 ~.. C?, (1 T~n l.' "}j PA 17257 OFFICIAL USE ONLY ~..., c;';) c:::) <.c' :-;: :TJ rn '-::'J C) "~i J ., ----,! .~ (-') ""'i'-) 2J (~) .- ..fTI (~~ c-) 'T1 "., c.:J --u r",j (8) 17,048.58 (11) (12) (13) 17,048.58 (14) 17,048.58 Decedent's omplete ress: STREET ADDRESS 16541 Westland Drive CITY I STATE I ZIP Gaithersburg MD 20877 C Add Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1) 0.00 Total Credits (A +8 +C) (2) 0.00 3. InteresUPenalty ~ applicable D. Interest E. Penaity TotallnteresUPenalty (0 + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 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) A. Enter the interest on the tax due. (5A) 8. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (58) Make Check to: REGISTER OF AGENT 0.00 0.00 0.00 0.00 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 ofthe property transferred; ........................................................................... D IKI b. retain the right to designate who shall use the property transferred or ifs income; ........................................ D IKI c. retain a reversionary interest; or ...................................................................................................... D IKI d. receive the promise for life of either payments, benefits or care? ............................................................. D IKI 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration?................................................ .............................................. D IKI 3. Did decedent own an "in trustfo~ or payable upon death bank account or security at his or her death? ................. D IKI 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ....................................................................................................... D IKI IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of pe~ury, 1 declare thai I have examined this return, including a:companying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of prepcrer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE 0" PERSON RESPONSIBLE F FILING R , DATE . . /. /:2/tf/d{/ ADD SIGNA .5 ADDRESS \ ~ yg \A) O,ruu(? S\, ~,,\\P 3> S ^\~~{I.)~\o\J'~~' lA, 17):)7 k \ ,.~ ' 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 use of the surviving spouse IS 3% [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% [72 P.S. ~9116 (a) (1.1) (ii)]. The statute does not exemot 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 vaiue of transfers from a deceased child twentY-<lne 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% [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%, 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% [72 P.S. ~9116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at ieast one parent in common with the decedent, whether by blood or adoption. REV.150~ EX + (6.98) '* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF FILE NUMBER Martin Mariorie 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 DroperIY which is iointly-owned with right of sUNivorshiD must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION 1/7 interest in land located in Hopewell Township, Cumberland County being 61.539 acres more or less. HUD sheet attached VALUE AT DATE OF DEATH 17,048.58 TOTAL (Also enteron line 1, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 17048.58 REV_1513~~'(. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE J BENEFICIARIES FILE NUMBER Martin M'rinrie 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 [mcIude out~ht spousal d~tnbulions, and transfe1S under Sec. 9116 (a (1.2)) 1. Maurice Martin Spousal 16541 Westland Drive 100% Gaithersburg, MD 20877 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 EUECTION 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) U.S. O""A~TMENT OF HOUSING AND URBAN DEVELOPMENT (OMB' 2502-0265) A. HUD-1 UNIFORM SETTLEMENT STATEMENT B. Ty _e of Loan , 1fJ FHA 2.[ J FmHA 3.[] Conv. Unins. 6. File Number: 7. Loan Number: 8. Mortgage Insurance Case Number: 4.[ ] VA 5.[] Conv. Ins. C. NOTE: This form furnishes a statement of settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)" were paid outside the closing; they are shown for informational purposes and are not included in the totals D. Name & Address of Borrower: E. Name, Address & TIN of Seller: F. Name & Address of Lender: Ammon H. Weaver Means Family Edna Z. Weaver G. Property Location: TIN of Seller: I H. Settlement Agent: Old Sawmill Road Place of Settlement H. Anthony Adams Newburg, PA 17240 49 W. Orange Street, Suite 3 Hopewell Township, Cumberland County Shippensburg, PA 17257 I. Settlement Date: INovember 19, 2004 J. Summary of Borrower's TransactIon 100. Gross Amount Due from Borrower: K. Summary of Seller's Transaction 400. Gross Amount Due to Seller: 101. Contract sales price 130,000.00 401. Contract sales price 130,000.00 102. Personal Property 402. Personal Property 103. Borrowe(s settlement charges (line 1400) $1,738.50 403. 104. 404. 105. 405. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance 106. City/town taxes to 1.23 406. City/town taxes to 1.23 107. County taxes to 407. County taxes to 108. Assessments to 408. Assessments to 109. School taxes to 42.82 409. School taxes to 42.82 110. 410. 111. 411. 112. 412. 113. 413. 120. Gross Amount Due from Borrower $131,782.55 420. Gross Amount Due to Seller $130,044.05 200. Amounts Paid by or in Behalf of Borrower: 500. Reductions in Amount Due to Seller: 201. Deposits or earnest money 1,000.00 501. Excess deposit (see instructions) 202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400) $9,404.00 203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to 204. 504. Payoff of first mortgage 205. 505. Payoff of second mortgage 206. 506. 207. 507. 208. 508. 209. 509. Adjustments for items unpaid by seller Adjustments for items unpaid by seller 210. City/town taxes to 510. City/town taxes to 211. County taxes to 511. County taxes to 212. Assessments to 512. Assessments to 213. to 513. to 214. 514. 115. 515. 116. 516. 117. 517. 118. 518. '19. 519. 120. Total Paid By/for Borrower $1.000.00 520. Total Reduction Amount Due Seller $9,404.00 100. Cash at Settlement From/to Borrower 600. Cash at Settlement To/from Seller ',01. Gross amount due from borrower (line 120) $131,782_55 601. Gross amount due to seller (line 420) $130.044.05 -02. Less amounts paid by/for borrower (line 220) $1,000.00 602. Less reductions in amount due seller (line 520) $9,404.00 03. Cash W xl! from If 11 to Borrower $130,782.55 603. Cash IlXlI to W 1 from Seller $120,640.05 Substitute Form 1099 Seller Statement he information in Blocks E, G. H. I & line 401 (or, if line 401 is asterisked, line 403 and 404) is important tax information and is being Irnished to the Internal Revenue Service. If you are required to file a return, a sanction will be imposed on you if this item is required to be ,ported and the IRS determines that it has not been reported. If this real estate is your principal residence, file Form 2119, Sale or xchange of Principal Residence, for any gain, with your income tax return; for other transactions, complete the applicable parts of Form 797, Form 6252 and/or Schedule D (Form 1040). You are required to provide the Settlement Agent (named above) with your correct xpayer identification number. If you do not provide the Settlement Agent with your taxpayer identification number, you may be subject to vii or criminal penalties imposed by law. Under penalties of perjury, I certify that the number shown on this statement is my correct xpayer identification number. (Seller) (Seller) /lent Charoes ,tal Sales/Broker's Commission: (based on crice) $130,000.00 llil 6 % Paid from Paid from Division of Commission (line 700) as follows: Borrowe~s Selle~s J2. Funds at Funds at Selllement Selllement '03. Commission-naid at Settlement to ReMax Jeff Shatzer $7,800.00 '04. 100. Items Pavable in Connection with loan 101. Loan Orioination Fee l02. Loan Discount 103. Aooraisaf Fee 104. Credit ReDort 305. Lende~s fnsoection Fee 306. Mortnaae Insurance ADDlication Fee B07. B08. B09. 810. 811. 812. 813. 814. 900. Items Reouired bv lender to Be Paid in Advance 901. Interest from I I to I @$ I Inerdav 902. MortDaDe Insurance Premium for 903. Hazard Insurance Premium lor 904. 905. 1000. Reserves DeDosited with lender iij) 1001. Hazard insurance months Der month 1002. MortaaDe insurance months !ll$ Der month 1003. City DroDertv taxes months !ll$ Der month 1004.CountvDrooertVtaxes months !ll$ per month 1005. Annual assessments months !ll$ Der month 1006. months !ll$ per month 1007. 1008. 1009. ADDreDate Accountina Adiustment 1100. Title Charaes 1101. SelllemenUclosino lee 1102. AbstracUtitle search 1103. Title examination to H. Anthonv Adams 400.00 1104. Title insurance binder 1105. Document preDaration 1106. Notarv lees 1107. Allornev's lees to H. Anthonv Adams COeed Prep-& Review) 275.00 (includes above item numbers 1108. Title insurance (includes above item numbers 1109. Lende~s coveraae 1110. Owner's coveraoe 1111. 1112. 1113. 1200. Government Recording and Transfer Charg<>s 1201. Recordino lees: Deed 38.50 MortnaDe Release 38.50 1202. City/county tax/stamos: Deed 1,300.00 Mortoaae $1,300.00 1203. State tax/stamns: Deed 1,300.00 Mortoaoe 1,300.00 1204. Recorder 01 Deeds (surcharoe on oaoes and names) 29.00 1205. 1206. 1300. Additional Settlement CharDes 1301. Survev 1302. Pesllnspeclion 1303. 1304. 1305. 1306. 1307. 1308. 1400. Total Setllement CharDes (This Number Translers to lines 103 & 502 Above) $1 738.50 $9,404.00 CERTIFICATION I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify tha aye received a cOPY. of the HUD-1 Settlement Statement. Seller U.1~.,!'~ Borrower arPl L ~~.b'e-;?<1~ ,,:It Seller ~ Borrower WARNING: 1\ is a aime 10 knowingly make false stataments to the Unit Code Section 1001 and Section 1010 les on this or any other similar form. Penalties upon conviction can which were received and To the best my knowledge the HUD-1 Settlement Statement which I have prepared is true have been or . . as part of the settlement of this transaction. . Settlement Agent Date