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HomeMy WebLinkAbout12-03-14 ,I 1505610143 REV-1500 Ex(02-11),ff PA Department of Revenue y OFFICIAL USE ONLY p Penns Ivania County Code Year File Number Bureau of Individual Taxes DEPARTMENT OF REVENUE PO BOx.280601 INHERITANCE TAX RETURN 21 14 00478 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 03 12 2014 03 28 1945 Decedent's Last Name Suffix Decedent's First Name MI PERRY SR BARRY E (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI PERRY I MARJORIE K Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE 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 Compromise5. Federal Estate Tax Return Required (date of death after 12-12-82) 6 Decedent Died Testate 7. DecedenMaintained aiinnt ined a Living Trust 0 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) CopyC Trust) F] 9. Litigation Proceeds Received ❑ 10.b iween Po e, and -1-95�f Death F 11.Election to tax under Sec.9113(A) (Attach Schedule O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number MARK A MATEYA 717 241 6500 } REGIeEMOF WILL&VSE 4128 M -C.1 Crnj tlf First Line of Address 55 W CHURCH AVENUE �, Wro Second Line of AddressCD -TI Q _ -' � I V r" rr11 City or Post Office State ZIP Code OA(TE FILED CARLISLE PA 17013 :i Correspondent's e-mail address: roam mateyalaw.com UnderASenalties of perjury,I declare that I h e examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief, it is tr e,correct and complete.Delaratioryof preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE OF PERSONRESPONSI LE FOR NG URN DATE arjorie K Perry ADDRESS 1812 Fa' la CourtRock Hill SC 9732 SIGNTURE O EPARER��RESENTATIVE DTE Mark A. Mateya h Z Z j ADDRESS 55 W. Church Avenue, Carlisle, PA Side 1 1505610143 1505610143 J 1505610243 REV-1500 EX Decedent's Social Security Number Decedent's Name: Perry, Barry E Sr RECAPITULATION 1. Real Estate(Schedule A)....................................................................................... I.- 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. . 14 , 608 . 86 6. Jointly Owned Property(Schedule F) ❑X Separate Billing Requested............ 6. 123,359. 91 7. Inter-Vivos Transfers&Miscellaneous Inn,-Probate Property (Schedule G) u Separate Billing Requested...:.!...... 7. 8. Total Gross Assets(total Lines 1 through 7).....................1.................................. 8. 137 , 968 . 77 9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9. 20, 721. 30 10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule 1)............................ 10. 49, 517 . 92 11. Total Deductions;(total Lines 9 and 10)................................................................ 11. 70 ,239.22 12. Net Value of Estate(Line 8 minus Line 11).......................................................... 12. 67 , 729. 55 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 Line13)............................................... 14. 67 , 729. 55 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 31,182 . 87 15. 0 . 00 16. Amount of Line 14 taxable 36,546. 68 16. 1, 644 . 60 . at lineal rate X ..045 17. Amount of Line'14 taxable at sibling rate X.12 17. 0 . 00 18. Amount of.Line 14 taxable at collateral rate X.15 0 . 00 18. 0 . 00 19. TAX DUE................................................................................................................ 19. 1, 644 . 60 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. E Side 2 150561024.3 1505610243 J REV-1500 EX Page 3 File Number 21-14-00478 Decedent's Complete Address: DECEDENT'S NAME Perry, Barry E Sr STREET ADDRESS 280 Chestnut Drive CITY STATE ZIP Shippensburg PA 17257 Tax Payments and Credits: 1. Tax Due(Page 2, Line 19) (1) 1,644.60 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) 1,644.60 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;............................................................................... ❑ ❑x b. retain the right to designate who shall use the property transferred or its income;.................................. ❑ ❑x d. receive the promise for life of either payments,benefits or care?..................................................... x c. retain a reversions interest;or.............. P PY ❑ ❑x 2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration?.................................................................................................................... ❑ 0 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(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 172 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-1508 EX+(11-10) SCHEDULE E pennsylvania CASH, BANK DEPOSITS, & MISC. DEPARTMENT OF REVENUE INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Perry, Barry E Sr 21-14-00478 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Cash-Proceeds from yard sale of personal items,tools,fishing&hunting equipment 1,560.00 2 Members 1st Federal Credit Union-Savings Account No. 403172-00 24.86 3 Automobile-1994 Ford F150 Truck-Good condition-Kelly Blue Book appraisal-See 2,000.00 Attached 4 Gun Safe-Stack-On Gun Safe-Model E-24-MB-E-S Elite Fire resistant safe 799.00 5 Juke Box-Rock-Ola"Ultra"Jukebox-Serial#360984-Appraised by Ted Fike. See Attached 1,400.00 Appraisal 6 Miscellaneous -lawn mowers 450.00 7 Miscellaneous Shotguns,Pistols&Crossbow 7,400.00 8 Trailer/Hauler-North Newton Trailer-6 x 8-VIN#4KPBF1113DNO08086 975.00 TOTAL(Also enter on Line 5, Recapitulation) 14,608.86 (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 E(Rev. 11-10) Kelley Blue Book Page 1 of 2 ✓ = 4 Kelley Blue Book The Trusted Resource Advertisement Why ads? 1994 Ford F150 Regular Cab Sell.To Private Party Pricing Report Fai, Condition Very Good Condition $1,997 Conddion $1,597 • $2,072 Style:short Bed • c`��""t Conddion Mileage:Iso,000 $2,197 Vehicle Highlights �t «----- Fuel Economy: Max Seating:3 City 12/Hwy 16/Comb 14 MPG Doors:2 Engine:V8,5.0 Liter Private Party Values valid for your area through 6/26/2014 Drivetrain:4WD Transmission:Manual,5-Spd EPA Class:Standard Pickup Trucks Body Style:Pickup Country of Origin:United States Country of Assembly:United States Your Configured Options Our pre-selected options,based on typical equipment for this car, t Options that you added while configuring this car. Engine Accessory Packages Entertainment and Instrumentation V8,5.0 Liter XL AM/FM Stereo Transmission Comfort and Convenience Wheels and Tires ✓ Manual,5-Spd Air Conditioning Steel Wheels Drivetrain Steering ✓ 4WD Power Steering Glossary of Terms Kelley Blue Bookp Trade-in Value-This is the amount you can expect to receive when you trade In Tip: your car to a dealer.This value is determined based on the style,condition,mileage and options It's crucial to know your car's indicated. true condition when you sell it, Trade-lin Range-The Trade-In Range is Kelley Blue Book's estimate of what you can reasonably expect so that you Can price it to receive this week based on the style,condition,mileage and options of your vehicle when you trade It appropriately.Consider having in to a dealer.However,every dealer is different and values are not guaranteed, your mechanic give you an objective report. Kelley Blue BookQD Private Party Value-This Is the starting point for negotiation of a used-car sale between a private buyer and seller.This is an"as is"value that does not include any warranties.The final price depends on the car's actual condition and local market factors. Private Party Range-The Private Party Range is Kelley Blue Book's estimate of what you can reasonably expect to receive this week for a vehicle with stated mileage in the selected condition and configured with your selected options,excluding taxes,tide and fees when selling to a private party. Excellent Condition-3%of all cars we value.This car looks new and Is In excellent mechanical condition.It has never had paint or bodywork and has an interior and body free of wear and visible defects.The car is rust-free and does not need reconditioning.Its dean engine compartment is free of http://www,kbb.com/ford/fl 50-regular-cab/1994-ford-fl 50-regular-cab/short-bed/?conditi... 6/26/2014 ' Margie From: Bommeremuse@aoicum Sent: Thursday,June Z6' 2OI412:34PK4 To: Perry, Margie Subject: Rock-Ola ^U|tra^ Jukebox Appraisal The following is a basic, retail appraisal to the best of my experience and ability for the above mentioned juke box serial# 3OO984ofthe 1g8D'sera: Based onthe cosmetic condition himin (very good\. considering itk; ingood working condition and full ofrecords, that machine on my sales floor would be have been listed for$1,400.00 with the lowest selling price being $1,200.00. | started inthe home amusement business asenextended hobby in the 1970'sand have sold approximately 50 restored/repaired jukeboxes per year for many years prior to me selling the business in 2007. Please call mewith any questions 703-618-0987. TedFika ' ' � Rev-1509 EX+(01-10) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Perry, Barry E Sr 21-14-00478 If an asset was made joint within one year of the decedent's date of death,it must be reported on schedule G. SURVIVING JOINT TENANT(S)NAME ADDRESS RELATIONSHIP TO DECEDENT A. Marjorie K Perry 280 Chestnut Dr . Spouse Shippensburg, PA 17257 B. John Davidson 6 Dykeman Road Son-in-Law Shippensburg, PA 17257 C. JOINTLY OWNED PROPERTY: DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM LETTER DATE FOR JOINT MADE INCLUDE NAME OF NUMBEER OR SIMILARnANCIAL IDENTIFY NG(TUTION AND BANK NUMBER.ATTACH DEED OUNT FOR DATE OF DEATH DECD'S DECE ENT'S INTEREST VALUE OF NUMBER TENANT JOINT JOINTLY-HELD REAL ESTATE. VALUE OF ASSE INTEREST 1 A Members 1st Federal Credit Union-Checking 1,159.12 50.000% 579.56 account No.xxx93-Jointly owned with spouse 2 A Members 1st Federal Credit Union -Account 3,220.58 50.000% 1,610.29 No. xxx93-Savings Account-Jointly owned with spouse 3 A Orrstown Bank-Checking account xxx758- 1,355.62 50.000% 677.81 Jointly held with spouse 4 A 01/26/2006 Real Estate-280 Chestnut Drive, 182,500.00 50.000% 91,250.00 Shippensburg, Cumberland County-See Attached HUD-1 5 B 07/22/2004 Real,Estate-655 Wild Area Lane,Mifflintown, 116,969.00 50.000% 58,484.50 Juniata County-Parcel No. 2-1-18-Jointly owned with son-in-law John Davidson-Fair Market Value SEPARATE BILLING REQUESTED ON THIS ASSET FOR 1/2 OF THE VALUE($29,242.25)AT THE LINEAL RATE. SPOUSE WILL RECEIVE THE REMAINING 1/2($29,242.25)AT SPOUSAL RATE. TOTAL(Also enteron Line 6, Recapitulation) 152,602.16 (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 F(Rev.01-10) REV-1511 EX+(10-09) pennsylvania. SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITACE TAX RESIDEN"DEC ENTTURN ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Perry, Barry E Sr 21-14-00478 Decedent's debts must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s) attached 12,465.40 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State ZiD Year(s)Commission Paid Waived 2. Attorney's Fees Mateya Law Firm 7,500.00 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 343.50 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 412.40 See continuation schedule(s)attached TOTAL(Also enter on line 9, Recapitulation) 20,721.30 Copyright(c)2009 form software only The Lackner Group,Inc. Form PA-1500 Schedule H(Rev. 10-09) i SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Perry, Barry E Sr 21-14-00478 ITEM NUMBER DESCRIPTION AMOUNT Funeral Expenses 1 Fogelsanger Bricker Funeral Home-Funeral Services 11,495.40 2 Jim Hipich -Fee for grave opening 100.00 3 Spring Hill Cemetery-Purchase of burial plot 870.00 H-A 12,465.40 Other Administrative Costs 4 Cumberland County Register of Wills-Fee for filing of Surety Bond 15.00 5 Cumberland Law Journal-Legal Advertisement 75.00 6 Sally J.Winder, Esq-Legal Fees for Real Estate Settlement;See attached HUD-1 7 State Farm Insurance-Surety Bond 100.00 8 The Sentinel -Legal Advertisement 222.40 H-B7 412.40 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 Perry, Barry E Sr 21-14-00478 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 Chambersburg Hospital-Medical expenses not covered by insurance 300.00 2 Johns Hopkins Physicians-Medical expenses not covered by Insurance 298.08 3 Members 1st Federal Credit Union-Mortgage-Loan No. L0004 3,054.78 4 Orrstown Bank-Open End Loan-Account No. 209035 1,110.16 5 Orrstown Bank-Mortgage-Account No. 3000648-One half of amount due as decedent and 43,922.43 spouse liable for debt 6 Summit Cancer&Hematology-Medical expenses not covered by insurance 35.00 7 Summit Physician Service-Medical services 536.92 8 West Shore EMS-Ambulance Service on 3/11/14 260.55 TOTAL(Also enter on Line 10, Recapitulation) 49,517.92 (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-1613 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE INHERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF FILE NUMBER Perry, Barry E Sr 21-14-00478 NAME AND ADDRESS OF RELATIONSHIP TOSHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSON(S)RECEIVING PROPERTY DECEDENT tee(s) (Words) ($$$) 0 of List Trus I� TAXABLE DISTRIBUTIONS [include outright spousal distributions,and transfers under Sec.9116(a)(1.2)] 1 Renea Brenaman Child One-third(1/3)of 12,347.42 1088 Heritage Ave one-half(1/2)of Shippensburg, PA 17257 residual estate Plus Juke Box& 2 Shelly Davidson Child One-third(1/3)of 13,122.42 6 Dykeman Road one-half(1/2)of Shippensburd,PA 17257 - residual estate plus guns, 3 Barry E Perry Jr Child One-third(1/3)of 15,547.40 Fayette Street one-half(1/2)of Shippensburg, PA 17257 residual estate plus Truck and 4 Marjorie K Perry Spouse One-half(1/2)of 123,359.91 1812 Fairlawn Court residual estate Rock Hill,SC 29732 Total 164,377.15 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) MATEYA LAW FIRM A PROFESSIONAL CORPORATION 55 W. Church Avenue Carlisle, PA 17013 Phone 717-241-6500 Fax 717-241-3099 www.mateyalaw.com December 1, 2014 PA Department of Revenue Inheritance Tax Division Harrisburg, PA Re: Estate of Barry E. Perry File No. 21-14-00478 To Whom it May Concern, Attached please find the REV-1500 which is being filed in the above-referenced matter. This matter involves an intestate decedent who had surviving children from a previous marriage. The children listed are not the children of the surviving spouse. Therefore,the assets of the estate are divided evenly between the surviving spouse who will receive 50% and the children will share the remaining 50%of the residual estate. The Administratrix has requested that a separate billing be issued on the jointly owned asset listed on Schedule "F, #5", which was jointly owned by the decedent and his son-in-law. The surviving spouse is entitled to one-half of the $58,484.50 in the amount of$29,242.25 at a tax rate of 0% and the surviving children should be taxed at the rate of 4.5 %on the remaining $29,242.25. This is the amount which we are requesting separate billing be issued to the children. I have included as payment on one-half(1/2) of the value of the assets listed on Schedule "E" for the children's one-half share of the assets in the amount of$7,304.43 in the amount of $328.70. The remaining one-half of the amount on Schedule"E"would be taxed at the spousal rate. Please contact me if you have any questions or are in need of additional information. I may be reached at(717) 241-6500 or by e-mail at mam@mateyalaw.com. Sincerely, Mark A. Mateya MAM/aa mam@mateyalaw.com Leave A Legacy i