The URL can be used to link to this page

Home My WebLink About11-26-14 BANGS LAW OFFICE, LLC 429 SOUTH 18Th STREET PHONE: 717-730-7310 CAMP HILL,PA 17011 FAX: 717-730-7374 E-mail: mikebangsrwyerizon.net MICHAEL L. BANGS,Attorney-at-Law WILLIAM E.MILLER,JR. WENDY K. STRAUB,Paralegal Of Counsel November 25, 2014 PA Department of Revenue Bureau of Individual Taxes C, Post Office Box 280601 C= p m Harrisburg, PA 17128-0601 r� c� M RE: Estate of Jack E. Bertolette M o=i M M File No. 21-14-0228 = r� d ti (Z) +y _r, To Whom it May Concern: rn -� Cf) o Along with the attached Inheritance Tax Return for the above-referenced estate, I am film a companion Inheritance Tax Return for the Estate of Edna M. Bertolette, File No. 21-14-0229. Both of these individuals died simultaneously in a.fire at their residence. There was no determination as to ' wlio died first. Consequently, we dealt with it as a simultaneous death. .After significant negotiations with the insurance carriers, we were paid some insurance proceeds on the residence in which they resided at the time of their death which was totally destroyed. The parties also owned a house next door. That is subject to an Agreement of Sale and I have suspended the reporting of that house since it is scheduled for closing on or before January 19, 2015.. In accordance with some directions .1 received from the Departin.ent of Revenue, I have allocated some of the debt associated with the house that is to be §61d on both returns. The house that is to be sold is upside down, that is; the house is in such a poor shape that the=amount owed on the mortgage is mach greater-han the expected proceeds of the sale. I think if you read both of the returns simultaneously, .it will ,Hake more sense and you will see how we picked up all assets owned and debts owed by the decedents. Should you have any questions, please contact me. Very truly yours, Michael I_Bangs Wks Enclosure REV-1500 EX(02-11) 1505610143` OFFICIAL USE ONLY PA Department of Revenue pennsylvania County Code Year File Number Bureau of Individual Taxes DEPARTMENT OF REVENUE PO 60x.280601 INHERITANCE TAX RETURN 21 14 0228 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 03 03 2014 09 02 1932 Decedent's Last Name Suffix Decedent's First Name MI BERTOLETTE JACK E (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 7 1, Original Return 7 2. Supplemental Return 3. Remainder Return(Date of Death Prior to 12-13-82) 4. Limited Estate 4a.Future.Interest Compromise (date of death after 12-12-82) 5. Federal Estate Tax Return Required 6 Decedent Died Testate 7. Decedent Maintained a Living Trust 8, Total Number of Safe Deposit Boxes (Attach Copy of Will) V E] 9. Litigation Proceeds Received 10.between Povert-�Ji r dit(Datte,f Death 11 Election to tax under Sec.9113(A) T (Attach Schedule 0) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number.,., MICHAEL L BANGS 717 73q' 7310 y Q rit tri REGISTER'dF4111, jS USEMNLY'n— i First Line of Address v.7 429 SOUTH 18TH STREET Second Line of Address rl 1 co City or Post Office State ZIP Code DATE FILED W CAMP HILL PA 17011 Correspondent's e-mail address: mikebangs@yerizon.net 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, i correct and complete.Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATU OF P SO SPON IBLE FOR FILING RETURN DATE Jack I. Bertolette / d AD 1600 Hemlock Lane Dauphin PA 17018 VIG�TURE OF PREPAREIOTHER INANLREPRESENTATIVE DATE Michael L. Bangs ADDRESS 429 South 18th Street, Camp Hill, PA 17011 Side 1 1505610143 1505610143 1505610243 REV-1500 EX RECAPITULATION 1. Real Estate(Schedule A)....................................................................................... 1. 345 , 613 . 67 2. Stocks and Bonds(Schedule B)............................................................................. 2. 3 , 410 . 83 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) a Separate Billing Requested............ 7. 8. Total Gross Assets(total Lines 1 through 7)........................................................ 8. 349, 024 . 50 9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9. 38 , 123 . 12 10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule 1)............................ 10. 232 , 752 . 34 11. Total Deductions(total Lines 9 and 10)................................................................ 11. 270 , 875 . 46 12. Net Value of Estate(Line 8 minus Line 11).......................................................... 12. 78 , 149 . 04 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. 78 , 149 . 04 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.00 16. Amount of Line 14 taxable 78 , 149 . 04 16. 3 , 516. 71 at lineal rate X .045 17. Amount of Line 14 taxable at sibling rate X.12 0 . 00 17. 0 . 00 18. Amount of Line 14 taxable at collateral rate X.15 0 . 00 18. 0 . 00 19. TAX DUE................................................................................................................ 19. 3 , 516 . 71 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ❑ Side 2 1505610243 1505610243 REV-1500 EX Page 3 File Number 21-14-0228 Decedent's Complete Address: DECEDENT'S NAME Bertolette,Jack E. STREET ADDRESS 1601 Carlisle Road CITY STATE ZIP Camp Hill PA 17011 Tax Payments and Credits: 1. Tax Due(Page 2, Line 19) (1) 3,516.71 2. Credits/Payments A. Prior Payments B. Discount 0.00 Total Credits(A +B) (2) 0.00 3. Interest (3) 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) 3,516.71 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;.................................. El 0 c. retain a reversionary interest;or............................................................................................................... ❑ ❑ d. receive the promise for life of either payments,benefits or care?............................................................ ❑ ❑ 2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without El El adequateconsideration?.................................................................................................................... 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 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(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+(01-10) SCHEDULE A pennsylvania REAL ESTATE DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Bertolette,Jack E. 21-14-0228 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 that 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 NUMBER DESCRIPTION OF DEATH 1 Real Estate-Decedent owned real estate at 1601 Carlisle Road, Lower Allen Township(Tax 306,551.63 Parcel No. 13-23-0547-503A)which was completely destroyed by a fire resulting in the death of Decedent and his wife, Edna Bertolette. Nationwide Insurance paid the policy limits for the destruction of the dwelling in the amount of$306,551.63. The real estate had a mortgage which was paid from the proceeds(see Schedule 1)so total proceeds are reported. 2 Real Estate-The remaining real estate lot was sold(see HUD attached)total proceeds 39,062.04 $39,962.04($2,539.03 is being held in escrow by buyer's title company pending approval of this inheritance tax return) TOTAL(Also enter on Line 1, Recapitulation) 345,613.67 (If more space is needed,additional pages of the same size) Copyright(c)2010 form software only The Lackner Group, Inc. Form PA-1500 Schedule A(Rev.01-10) Rev-1503 EX+(6-98) SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Bertolette,Jack E. 21-14-0228 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM CUSIP VALUE AT DATE NUMBER NUMBER DESCRIPTION UNIT VALUE OF DEATH 1 16.726 shares of Cracker Barrel Old Country Store, Inc.- 98.71 1,651.02 16.726 shares of stock 2 21.78525 shares of The PNC Financial Services Group,Inc.- 80.78 1,759.81 11 shares of stock(held in certificate form); 10.785250 in dividend reinvestment stock TOTAL(Also enter on Line 2, Recapitulation) 3,410.83 (If more space is needed,additional pages of the same size) Copyright(c)2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule B(Rev.6-98) REV-1511 EX+(10-09) pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RESIDENT DECENTTURN ADMINISTRATIVE COSTS ESTATE OF' FILE NUMBER Bertolette,Jack E. 21-14-0228 Decedent's debts must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s)attached 9,747.27 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Jack I. Bertolette Street Address 1600 Hemlock Lane City Dauphin State PA zip 17018 Year(s)Commission Paid 13,500.00 2. Attornev's Fees Michael L. Bangs 13,500.00 3. Family Exemption: (If decedent's address is not the same as claimant's,attach explanation) Claimant Street Address City State ZiD Relationship of Claimant to Decedent 4. Probate Fees 138.50 5. Accountant's Fees 1,000.00 6. Tax Return Preparer's Fees 7. Other Administrative Costs 237.35 See continuation schedule(s)attached TOTAL(Also enter on line 9, Recapitulation) 38,123.12 Copyright(c)2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule H(Rev. 10-09) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Bertolette,Jack E. 21-14-0228 ITEM NUMBER DESCRIPTION AMOUNT Funeral Expenses - 1 Romberger Memorials-gravemarker 1,669.20 2 Stone&Murray Funeral Home 8,078.07 H-A 9;747.27 Other Administrative Costs 3 Cumberland Law Journal-estate advertisement 75.00 4 The Patriot News Co.-estate advertisement 162.35 H-B7 237.35 Copyright(c)2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H(Rev.6-98) Rev-1512 EX+(12-08) SCHEDULE 1 pennsylvania DEBTS OF DECEDENT, DEPARTMENT OF REVENUE INHERITANCE TAX RETURN MORTGAGE LIABILITIES AND LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER Bertolette,Jack E. 21-14-0228 Report debts incurred by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Bank of America-mortgage payoff on 1601 Carlisle Road, Lower Allen Township 197,973.94 2 Capital One 2,103.13 3 Capitol One Bank 6,807.01 4 Chase VISA 3,992.85 5 Citgo Gas card 139.34 6 Country Store of Geneva 4,080.80 7 Exxon Mobile 647.97 8 Freysinger Hyundai -payoff of automobile loan 398.09 9 Juniper Master Card 4,431.51 10 Lower Allen Township-sewer/refuse 1,023.03 11 Lower Allen Township-municipal lien 484.00 12 Lower Allen Township-municipal claim for sewer rents 484.00 13 Lower Allen Township-sewer/refuse 1,023.03 14 Merrick Bank Corp. 2,474.69 15 Needlecraft, Inc. -past due account 214.76 16 Northcott-past due account 114.63 17 PA American Water Company 209.64 Total of Continuation Schedule See attached page TOTAL(Also enter on Line 10, Recapitulation) 232,752.34 (If more space is needed,additional pages of the same size) Copyright(c)2008 form software only The Lackner Group,Inc. Form PA-1500 Schedule I(Rev. 12-08) Rev-1512 EX+(12-08) SCHEDULE 1 pennsylvania DEBTS OF DECEDENT, DEPARTMENT OF REVENUE INHERITANCE TAX RETURN MORTGAGE LIABILITIES AND LIENS RESIDENT DECEDENT continued ESTATE OF FILE NUMBER Bertolette,Jack E. 21-14-0228 ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 18 PP&L Electric-1601 Carlisle Road 55.42 19 PP&L Electric-outstanding balance due on account 31920-71009 289.92 20 PP&L Electric-outstanding balance due on account 31320-71001 282.18 21 PP&L Electric-outstanding balance due on account 31720-71003 282.32 22 Publishers Clearing House 21.71 23 Publishers Clearing House 17.96 24 Sears card 598.35 25 Shell Consumer card 627.12 26 Shell Gas card 2,289.80 27 Sunoco Gas card 1,170.48 28 UGI 378.73 29 Verizon 73.97 30 Verizon 61.96 TOTAL(Also enter on Line 10, Recapitulation) 232,752.34 Copyright(c)2008 form software only The Lackner Group, Inc. Form PA-1500 Schedule I(Rev. 12-08) REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE INHERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF FILE NUMBER Bertolette,Jack E. 21-14-0228 NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSON(S)RECEIVING PROPERTY DECEDENT Do (Words) ($$$) ITAXABLE DISTRIBUTIONS [include outright spousal distributions,and transfers under Sec.9116(a)(1.2)] Jack I. Bertolette Son one-half of estate 1600 Hemlock Lane Dauphin, PA 17018 Tammy C.Cobaugh Daughter one-half of estate 52 Sunset Drive Shelton,CT 06484 Total Enter dollar amounts for distributions shown above on lines 15 through 18 on Rev 1500 cover sheet as appropriate. NON-TAXABLE DISTRIBUTIONS: II. A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright(c)2010 form software only The Lackner Group, Inc. Form PA-1500 Schedule J(Rev.01-10)