The URL can be used to link to this page

Home My WebLink About12-09-14 Neil Warner Yahn,Esquire Attorney LD.No. 82278 James Smith Dietterick&Connelly,LLP P.O.Box 650 Hershey,PA 17033 Petitioner IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION �� IN RE' . No. 21 - 10- 09'$� c,� `� �' � ESTATE OF GUOLAUG BRYNJA , � � � c�a � GUOJONSDOTTIR, deceased , t� x c� �"' � � =�? �.s, r ---t � � ,. �� r.o� c�'t ,.� :._ r� r:a cn - ,. ;:� c� ADDENDUM TO MOTION TO COMPROMISE `� �> -`; -.�� -i :, r.:. �� " -a W �:"' m TO THE HONORABLE JUDGES OF SAID COURT: �� `� F•-+ f i 4 .� N 'T7 AND NOW comes the Petitioner, Neil Warner Yahn, Esquire (herein"Petitioner") of the Law Firm of JAMES, SMITH, DIETTERICK and CONNELLY, LLP, and as Administrator of the Estate of Guolaug Brynja Guojonsdottir(herein the "Estate"), who hereby sets forth this Addendum to the Motion to Compromise and upon valid information and belief, Petitioner avers as follows: 34. On or about December 8, 2014, Petitioner filed a Motion to Compromise (herein the "Motion") before this Honorable Court seeking an Order which permits Petitioner to compromise and satisfy the IRS tax assessments as reflected in said Motion and request such payments from Halldor Reynir Halldorsson, Attorney at law at Forum Logmenn, Reykjavik, Iceland, counsel for the Decedent's Foreign Estate.l 35. Since the submission of the Motion last Friday, Petitioner has continued his communications with Examiner Panebianco who has provided Petitioner with a Revised Report which outlines the additional tax assessments the IRS seeks to impose on the alleged increase in �Petitioner hereby incotporates all facts,averments,exhibits and references made in the Motion to Compromise as if set forth in full herein. 1 1 \ . l �,� value to 20 Reykjavik(a copy of the revised report is attached hereto as Exhibit"E" and marked as JSDC Exhibit E Addendum 1-26)(see lower right corner of Exhibit "E). 36. Petitioner argued the increase was attributed to the value of the Krona and the value of the real property did not increase by$75,984 which has now been removed on the Line Adjustment as reflected in the attached Exhibit "E" (see page 8 of Exhibit"E"). 37. As a result, only the Adjusted Taxable Gifts have been increased to $95,972 yielding an additional tax of$49,105 including penalties as per Exhibit "E" (see page 7 of 24 specifically lines 4, 25, 27, 28 and 29). 38. Finally, Examiner Panebianco has also calculated the interest owed on the Estate Tax deficiency to December 18, 2014 and has allowed it as an administration expense (see Exhibit "E"). 39. Finally, with the inclusion of the interest added to the Adjusted Taxable Gifts, $58 719 is owed to close out the IRS matter on or before December 18 2014 (see page 1 of Exhibit "E"). 40. As outlined in the Revised Report, no estate tax is owed with respect to the 20 Reykj avik. 41. Accordingly, Petitioner seeks the authority to advance the final payments for the IRS examination as reflected in the Revised Report and coordinate said payments from Halldor Reynir Halldorsson, at Forum Logmenn, Reykjavik, Iceland (www.forum.is), counsel for the Decedent's Foreign Estate, consistent with the calculations presented in Exhibit"E". 42. Petitioner is desirous of satisfying the aforementioned payment as soon as possible to take advantage of the interest calculation up to December 18, 2014. 2 WHEREFORE, Petitioner respectfully requests that this Honorable Court enter an Order permitting the Domestic Administrator of the Estate of Guolaug Brynja Guojonsdottir, namely Neil Warner Yahn, Esquire, to compromise and satisfy the aforementioned tax assessments as reflected herein and request such payments from Halldor Reynir Halldorsson, Attorney at law at Forum Logmenn, Reykjavik, Iceland, counsel for the Decedent's Foreign Estate. Respectfully submitted, JAMES, ITH,DIETTERICK& CONNELLY,LLP Date: �2 � ��,� By: _ Nei . ahn, Esquire torne I.D. No. 82278 134 Sip Avenue Hummel town, PA 17036 (717) 5 3-3280 Peti ' ner 3 VERIFICATION I, NEIL WARNER YAHN, ESQUIRE, verify that the statements made in the foregoing Addendum are true and correct to the best of my knowledge. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 relating to unsworn falsification to authorities. Date: ,Z � ��1 G �� NEIL A ER YAHN, ESQUIRE 4 � I2/08/2Q14 I1 :27:41 AM -05p0 IRS PAaE 13 OF I4 � DEPAR7MENT OF T'HE TREqSURY INTERMAL RE1tE77r1UE gE'17VICE ` ' Washington,Q.C.20224 SMAtL 8U81NE3SlgEL,p_E1I►ALOYED DNISION Date: December 8, 2014 Neil W. Yahn PO 8ox 650 Hershey, Pennsylvani� i 7033 Dear Mr.Yahn, Per our discussion,encfased piease frnd the revised reports for the estate of Gou�ug Olafsson and for the 2002 and 2Q05 gift tax return examinations, No ta�c is ovued an fhe g�t retums, but soma of the un�ed cr8dit has been used up. In regards to the estate tax tleficiency, I have calculated the intsrest owed on the deficiency ta ?2118/2014 ahd have allov�eed it as an administration expense. The total amount owed is $58,719. This oonsists of$4g,105 in tax ar�� penalties and$9,614 in interest qlculated to 12/18/2074. Pfease review the catculation. lf you are in agreemenf, please sign the forms 890 fiar the estate and the gift tax reports(fhe�arm 89U far the giR retum is signed on page 2 where the unified credit adjustment is shown) and return them to me vvith payment. The check should be written aut to the US Treasuryr pgp��ment Please also encfose a copy of ynur ktters testamentary and the completed forrr�r 4429 far yaur f�ees. My phone number is 724-720-2019 and my address is Intemal Revenue Senric� 230 Executive Dr. Suit�e 1 QO Cranbarry Towrrship, PA i606G Should you have any questions,p(ease do not hesiEate fo cat[me. Sincerely, Amy Panebianco Attorney(Estabe Tax) Enc: Report JSDC Exhibit E Addendum 000001 �ziasi2oi4 i2:2�:�i ari -��ao rRs PAGE 14 OF 14 Publication 34g8 Form 4421 JSDC Exhibit E Addendum 000002 12f08/2014 11:27:41 AM —0500 IftS pA�� 11 OF 14 �ePartrnerrt of the Treasury Internal Rewenue Serv(ce DECLARATION ExecuEor's Cammissions and Attorney's Fees �state of: Gudaug Oiafsson(Guolau9 8ryn1a Guojo►�ottir) DabeofDeath� �� I(We} N�+�W.Yahn Perialties of perjury mat my(ou�)total commissions of$ deofare under e�ate a►xi�fal attomey's fees of� ��n a �d to administer this will be paid as�011rnnrs: 9 upon and have been w Wame and Address Social Security Total Amourrt of Pavee Nu ber of Pa ee Date Paid --�--1L Paid or to be Patd or t`o_��a Of the commissions or fees shown above,only$ an income tax deduction. If the amounts or dates are changed, or if an electionas made fo�r�ibe c�a��d as cammissions or i�es deducted on the estate ta�c retum as an income tax deduotion,the Interrra!Revenue Service wil!be notified,and a►�y resulting estate tax will be paid.The recipients of these commissions and fees wilf report them for income tax purpases for the year received. {S18natwa of Elcecudor orAdmirAiBVeE� (Ded�I ls�gnQhae vf 6xecuhx ar Adr►�vtJababt) lD�� lSlpnab►re af,4lEo�r�ey) (7JIeEr,1 (S�nettais of AtE�ney) l'Qef�l For PrivacyA�t Nafke,sa bedc o(iam. Cet.Ma 41641V Form 4421(Rev.41887j JSDC Exhibit E Addendum 000003 12/08/20i4 11:27:41 AM —0500 IRS PA4E I2 OF 19 Prirracy Act Notice Uhder the Privacy qct af qg74,vve must tell you: We a�ic for tex reeurn inforrnet�,on to carry out t�e�o- ► Ourleysl riyht to esk for the irtfortn¢qat and temsl Reverwe lews-of the UNted States.We need!t whetherthe[ew sa ��gure and cdled the dpht emaunt oft�. Ys You must pve it, ►V1fiat meja purposes we heve in asking fw 1t�end J�ee and to otherF ederal a9endes,as Provlded by how it wAI be used. lew.We may alspa pive 1t to dties�3fates,the D1sMct ►iNhat could heppen 11we do nd rooaNe it, �Cdumbla,end U.S.camrt�aiweelth9 ar A�essfais tn cerry out th�r te�c laws.Md we mey Dive it to taretgn 9cn'errtments beceuse af tax treatles The law covers;Teoc retums pnd a �°y hs�wlfh the Unfted States. ►N paGers ►Rled with�em.MY 4�stians we nea!to esk �I'0U do nof flle a re�m,do nat Wevide the infor- metion we ask for,ar P�adtle iraudulent frdarmadan, ►You so we can: !he!aw provldes that yau tr�Y b��tl penaR(es end,in catain c�sey,yw rrf�y be s�b��t to cHminsl Complete,canect,or process yaur retum. DrosecuUan.Wa may a!�heve to disellow tha exemp- Figure your tax. tions,ezclusians,cradits,ded�ctions,ar a�ustments CaH�t tex.interest,or penatties. shown an the ta�c retum.Thls cauld make�he tax �+9hm w delay eny refund.Interest may also be Our le�el tipht to ask far iMormahai Is Irdanai charged. ae�nue Code aectians 6001,6D1 1,and 6012(a), Pl�se keep this nat(ce with yaur rccards.If may help end�eff regul�Uons.7'hey say that you rnust RIe e YW'rf we esk you!cY ather information. retum or statement w1Mt us for aey tex y�a��able Ter.Code sectiort 6108 flnd fts repuletians say ihet If you hewe questians about the rules for filing end you must shohv your soctal secuffty rwmt�er on what gfving irrFcArnatio�,p�ease caN ar visit any Iqtetriaf Y��fli e.This is so we know who you ere,and can Revenue Service o1A�, process your rotum and papers. You must�611 fn all parts of khe tax form that a This is the anly ndice we must yiv�y�tQ��e you.But PP�y to Privacy,4ct.Hrn�,evar,we may 9ive You other no6ces you do nat have tn check bwces fa the if we ha�to examine your retum ar cdlecf any tax, Pre�(dentfel Qectlon Campaign Fund. Interest,or penaltles. JSDC Exhibit E Addendum 000004 12/08/2014 10:23;p5 A� —05�0 I$S PA�E 3 OF 24 �Ae�ment of the Troawry-intema!Revenue Service DaEe ReceiVed by Form 89Q �a��r of Res�rictions on Assessment and Collection {No�ernber 2p14 af Deficiency and qcce ��ernal Revenue Se�,ice ) ptance of Overassessment- Estate, Qii�, and Generation -Skipping Transfer Tax (Please see the Ir�structions on the badc af this form) Part 1.Conse�nt to Assessmerrt and Acceptarx�e o�Overassessment I consent fo the immediate assessment and co!lection of arry deftaencies(increase in tex and overassessment(�cxease in tax and penalties)shown beiow, pl�any interesf�xovided bY Iaw I�understand�tha by my signing this waiver, a petition to ti�e Uni#ed Stat�Tax CoL��y�t��e, unress��{iona!deficiencies are determirted. Date of Death ar Period End�r�g 12/24J2008 Item TaX Inc►'ease Decxesse Penalty $39,284 Totar �� $9,821 �0 tf the estate is rec�ired bo flle,with the Inte�r�al Revenue Servfce,ev'�de�g f�S $d succession,or generation-sldPpin9 transfer fa�ces to a P�1�nt of estate, inheritan;ce, leg��,, evid'ence must be filed rn��or�e�trict of Calumbia,I understand that such �Y or the deduction for these taxes wilf not be allowed, I also agrse to the assessrner� and collection of the increase in es4te tax and pena�bes of$__�based on the dsa�lowed deduction,plus fr�fer�st figured to the 30th day aiter , or until this increase is assessed,whichever fs earlier. �st�e of Guolaug alafsson �Guolaug 8rynja Guojonsdottir), 206�6_34�2 Executor or Hdmihfstrator Name Neil W. YBhn Sj9nature Date Address Eycecutor or Administrator Name Slgnature bate Addr�ess ponor Name Sigr�ature Date Address Cateloy Nur�x 189495 JSDC�i�i �Addendum Fam$9Q��eY Q�� 12/08/2014 1d:23:05 AM —050d IRS PA�E 4 OF 24 Part 2-Applicabte Credit Agr� Page 2 I agree to the fncre�e or decxease in fhe hrtaJ albwed App!'�cable CredR by the amount shown below Irtcrease App(icable Credit Decrease Donor Name Signature Date Addre.ss Part 3-6ift Tax Marita!Deduction 1 agree b the incroase or decre�se in the usage of the gdt ta�c mariial deduction b ihe amour�t Y shawn below. lncreese Dec;rease Marltal Deduction DQnor Name Signature Date Address lnstructions for Form Sgp, yyaiver of Resfrictions on Assessment and Coilection of Deficienc and Acceptance of�verassessment_Estate,Gift,and Generation -Skipp�nq Transfer Tax y Consent to Assessment and Acceplance of Overassessmerrt If you consent to the assessment of the deficiencies showrt in Part 9 of this fprm, p�ease sign the agreement ur�der Part 1 and return the form to limit ar�y interest charge and expedife the adjustmenf to your acco�r�t.Your cansent wil!not prevent a c(afm ior refund from being filed(after the tax has been paid}if you later believe it is warrar�ed, nor preverrt us from later determining that additional fax is owed, nor extend the kime provided by faw for either action. If a claim is lafer fileri and the Senrice disallows it,a suit far�refund may be filed in a United States District Court or in fhe United States Court of Federal Claims, but a petition may not be filed with the United States Tax Court. We will consider this waiver a valid claim for refund or credit of any overpaymerrt due resulting from any decrease in tax and penalfies detertni�ed by tl�Intemal Revenue Service,shown on the irorit of this form, provided Part i of this form is signed and filed within the period established by law for making such a clairrt Appllcable Credit Agreement fF you agree with the increase or decrease of the allpwed credit shown in Part 2 of this form,please sign the agreement ur�er Part 2 arxi return the form. Marital Deduction Agr�ement If you agr�e with the increase or decrease in the tksage of the g�}�x marital deductfon by the amount shown fn Part 3 of this form,please sign the agraemerit urxler Part 3 and return the fonn, Sign�ture lnstruct�ons �P the executor or admlr�stretor ts a corporati�n,the waiyer should be sig�ed w�h the corp�rate name,followed by the sigrratures and titles of the corporate o�icers author��d to sign.An af#orney or age�t action is specificalry authorized by a power of attor �'S1��ver provided the ney which, if not previously filed,must accompany this form. caatalog Wumner 1 s94ss � JSDC Ex ib�it�Addendum Fam$9� ra�,,.eao�� 12/08lZ014 10:23:05 [iM —pgpQ IRS PA4E 5 OF 24 DePartmer�t ot the Treasury-Irrternal Revenue Servtce Report of Estat�ee Tax F��yh�an Changes Forrn 1278 �af: Guolaug Olafsson(Guolaug g�,�1a G c�ocial Securit�r Number:206-56-3q12 Name of Person UVith Whom Fndi Date of D�th:1212A�B Neif W. Yahn, Executor �WEre Discu,sed; A9�ment Sec�red: 7 Tertative Taxeble Estat�g�on Retum or Previo Y�s 2 Increase�crease in Tentabve Taxable Estate �A�j�� 2,184,235 3a Terrtaabive Taxable Estate as Corrected(Line 1 (g,�74) pluslminus Lir�e 2) 2,175,561 shown on Return/ As Pr�viously ps� 3b State Death Tax Deduction Assassed 3c Taxable Estate as Corre�ted��ne 3a—Line 3b� � 4 4 AdjustedTaxableGif�s 2,184,235 2,175,561 � Total � 95,972 6 Teritatiae Tax .___. 2,184 235 2,271 533 7 A99re9��G�Tex Payable(After Dec.31,1976} 8fi3,706 902,990 8 Tax Before Unified Credit{Line 6—Line 7) � p 9a Basrc Exdusion Amount �3�� 902,990 9b Deceased Spousai Unused Exclusfon(DSUE) 2,000,000 2,00a,aoa 9c Applicable F�cclusion Amount(Line ga+Line Sbj � 0 9d Applicable Credit Table A,usf ' e g�� 2'�'� 2,aoo,0� 10 Adjusfinerrt to Un�e redit 780,8p0 780,800 11 Aflowable applicable ed(t nt 0 p 12 Tax Before SDTC(Li —� �� n o 80,800 780 8p0 13 Sfate Death Tax Credit 82 906 '122 f 9Q Tentatively Allowed 0 � Submit E'vidence by 14 Net Tax Post State Death Tax Credit(Line 12—Line 13) 15 Gift Tax Cnedit(Pre-1977 Gifts} 82,906 ��.�9D 16 Foreign Death Tax Credt{Statutory} � p 17 Prior Transfer Credit 0 � 18 Forei�n Death Tax Credit(frealy)/Canadian Marital Credit � Q 19 Total Credits(Sum of Lines'!5 through 18) � p � Net Estate Tax Payable 0 � 2'f Generetiort Skipping Transfer Taxes(Schedufe R, Part 2, Line 12j $2,�6 ��1� 22 Increased Esiate Tax{Section 4�A,5chedu�e S} � 0 23 Totel Federal Estate Tax(Sum of Lines 20 through 22) d 0 24 Totaf TransferTax Previously qssessed. 82�� 122,190 25 Tatal Transfer Tax lncrease/pecrease(Line 23—Line 24) 82,908 26 Penalties Previo�sly Assessed—Code(s): 39,284 27 penal�es as Corrected—Code(s):6651 27,359 28 Net Penalties Increase/pecrease(Vne 27—Line 26) 37,180 29 Net Tax and Penalties Peyable IncreaselDec�ease(Llne 25+line 28) 9,821 49105 Signature: Amy Pan�bianco Date:i2l5/2014 JSDC Exhibit E Addendum 000007 12/OSJ201� 1�:23:05 AM —0540 IRS PACE $ OF 24 �t�►�merrt of the 7reasury-Intemai Revenue Serv(ce Line Adjusbne�t.Es�t�T�x Form 6180 Estate ot:o�r,�o,,��„��,,,a�e�.c�,,,,a�n� Socia!Securlty Number:2Q6-56-3492 Date of Death:i,2/24/2008 �a�m on Returnl ��Y Chan9ed As Corre�ed 9 Schedule A, Real Estate 2 Schedule 8,Stocksand Bonds 1,191,837 Q 1,111,837 3 Schedule C, Mo � 0 p rt9ag�, Notes,and Cash $5�� 4 Schedule D, Insurarxe on the Decederrt's Life � 95,657 5 Schedule E,Joi�t Owr�ed Property � � 0 6 Schedule F, Other Miscelianeous Property p � � 7 Schedufe G,7ransfets Duri 2�,842 0 21,$42 n9 Decederrt's Life 444,826 8 Schedule H, Powers o1`AppoiMmerrt 940 Ad5,766 9 Schedule I,Armuities � � � 10 Gross Estate ��8� 0 `�,�p�g4,2 11 Sohedule U,C2ualified Z'�5,� � 2,325,944 ation Easeme lusion � '!2 Gross Estate less exc ion a p 93 Sche�lule J, Funeral a � t � � 2,32$,9qq e �4 Schedule K, Debts of Decedent 9,614 �SQ�38� 15 Schedule K, Mortgages and Liens � Q 0 16 Total of Sched�les J and K(Lines 13, 14,+�� Q 0 17 Allowable deductions firom Schedules J and K 1�t7� �'�'� '�� 1B Schedule L, Net Losses During qdministration �4p,76g g,s��, �50l�3 '!9 Sct�edule L, Expenses and Pro � � � 0 perty Not Sub�ect to Claims p 20 Total(Lines 17, 18,+19) � p 21 Schedule M, Marital Deduction 14Q,7� 9,614 ��(y�� 22 Schedule O,Charit�ble 8equests � � Q 23 ESOP Deduction � 0 � 24 Schedule T, QF08 Deductioru � � 0 25 Total Altowab►e Deductlor�s(Lirtes 20,21,22,23, +24� � � � 26 Ten�tive Taxable Estate(Line 12_2g) ��'7� g��'� 15t?,383 2,1$4,235 (8,674) 2,175,56i JSDC Exhibit E Addendum 000008 12/08/20I4 1Q:23:0� AM —05�0 IRS pAa� � OF 24 F�,sss�a {Rev.Jenuary 1894) EXPi.ANATION OF ITEMS �e�ule number ar achibft Name ate�cpayex �dlusted Taxable Gifts Tax IdeM'diCatian iVumb� Guolaug OVafs$on(Gualaug Brynja Guo onscb� 206-56-3412 Year/Per�od t,nded 12l'2M2008 Adjusted Ta�cable Gifts ftem# Description Retumed/qssessed Correcbed New Giit of Proc;eeda from sale of property located at 23�1 CHESTNUT Total of these ltems a �5,972 5hown on Return � 93�977 Change to Schedule p 95,972 The amount af�djusted taxabfe 9��5�S�n adj�uted to reflect the fair market value of fhe above gift(s) as of the date of suc�gi�.The term"adJusted taxabie gifts'�means the fotal amourrt of the t�cable gifts (within the meaning of Cnde section 2503)made by tt�e decede�t after December 3�, 1g7g other than gifts which are includibte in the gross estate of the decederrt, Code�ction 2�01{b).The amount aP the adlusted taxable gifts has been determined as foNows �n Sepfemb�r of 2a02, the donor tfltled her propery�acated in Camp HiB in the name oi herself and her son, , Gudjon J.Olafsson as jolnt terrar�s with rlght of su►vivorship.The property had an assessed value of$19g,2gp at the time of the transfer!n e property sold 90 000 P�op�ny A sale can f�e us s t� � P�isals have been done on the {2013)TC Memo 2013-27, T� Q arke a(ue. va ir�e ,, Est, CA5)25 AFTR 2d�0-1fi10, 5 F � � � �� CM 917 e, A I' TCM � -1 2883, � � 1 . Est v.Com., {9970, PN TCM¶69D91, 28 CCH 497(e);Nfax Shlensky, (Blanche Sisgel)(1977)TC Memo 1977-1�&, PH TCM P 7 , 48; K I, Frederick J. Est, (199D)TC Memo 7990-416, PH TCM�(90416,60 CCH TCM A25 and Levy v US,402 Fed.Appx. 979,2010 WL 4942108(C.A,S(Tex.)), 106 A F.T.R.2d 201�-72Q5, 2Q1D-2 tJSTC P 60,608. The value of the property at the time it was made joinf with the deceder�'s son is$194,000.There was a martgage on the property. Based upon me i�Formatian provided,there w�uld have been a rrro $78,�56 left on the properfy of which the son's share would have been�3�,028. Therefore, the�net va ue o the gift to the donor's son fpr the 2002 year would be g55,g72.Afrer taking into acx.ount the annua!exclusion of �11,000,the t�xable gift for 2002 was$44,g72, The donor and her son sofd the jointly t�ld property he�d in Camp Hi!!, PA.The net proceec�s trom the sale of the properiy were$124,000.The donor did not take her share of the proceeds, but allowed her son all of the proceeds. Her share of the proceeds were$62,ppp of the net proceeds,The value af the gift to her son was thereFore$62,000 in 2a05.Afker taking inro accour�the annua(excluslon of�11,000,the taxable gifts for 200b were$51,Oqp. The total adjusted ta�cabls glfts to be reported were gg5,972. F��8�-A(1-1999) Catalog Nimiber 20810W p„ �SL1C�xpL�e��cPenSd�m �artrnent afEhe Treasury-Intamal Revenu�� ra�}� 12/08/2014 10:23�05 AM —0500 IRS PAGE B OF 24 Foi,,,88B,A (Rei+•Januery T894) EXPLqNA710N OF IT�MS �0��number or exhiblt G-Ttansters puring Life Name of taxpayer Tax IdentiAcaUan Number YeadPerla�i�ded Guolaug Olafsson(Guoiaug Brynja Guojonsdon 2p8-56_3412 12/2412008 G-Trans�ers During Life item# Descripfion Returr�edfpssessed Corrected New Accrued Dividends far PIMCO FDS PAC lrnrt M�MT New Dividend accrual for shares of Americen Cer�tury Govt Income Tr � 2a3 5 985 shares ISHARES Tr: Q 16 6 494 shares ISHARES Tr �2'� 42,&57 21,277 21,506 7 450 shares ISHARES Tr: 38,997 39,295 Total of these Items 102,737 903,677 Shown on Retum Change to Scheduie 102,�37 940 Dividends which�re payabl the de r te reason e of the d�cedent's dea#h he/s w o e rd(b � no r fore the date cohstitUte a part of the gross .T s. . 0. 03 jb). � �t d�ath) Where a dividend is declared on a share of stock before fhe decedent's death but record on a date after hislher death and the stoek is selling"ex-dividend°on the dae of thetdecedeYs�rs of death,the amount of the dividend is added to the ex-�vidend quotatio�in determining the fair market valWe of the stock as of the date of the decedent`s death.Treas.Reg.20.2Q31_2Q);Rey Rul.54-399, 795�-2 Cum.Bull.279. For►r,886-A t�_�asay Catabg Mumber 20g10W a. .i�t �SC]G.Expi 'D ti��c�t�e'�nd r�r �°Pertment of Ihe Troesury-Irrtemal Revenu�� g 12/08I2014 10:23:05 AM —p5Q0 IRS PAGE 8 OF 24 Department af the Treasury- Interna!Revenue Se►vic� �� Explar�ation af Items Esta�e of:c�ora.o�ca,or+„Qe��,�u�ri Social Securrly Number:206-56-3412 Dafe of D�th:92/24/2006 Computation of Irrterest on Federal Estate Tax Corrected Amour�of FET before d�luction: ,_ _--~. _�_ Corrected Arriaurrt af FET aiter deductian: 126,5�6 Pertafties Drawing Intere,st: 122,19D Compu�ed Federal I�erest Deduction: � 9,614 Pursuant to Irrternal Revenue Code sechan 6fi31 the IRS is requfred to inform you how any assessed interest was calculated. Please note that any interest amount is an estimate based on the projected payme�t date. Any subsequerrt adjustmertts wil!be calculated by the Se�vice Center and r�ported ta you. JSDC E�ibieF$Addendum 000011 �g 12/08/2Q14 10:23:05 AM -0�00 IRS PAQE 10 OF �4 Interest Com utation Table Penad PeymeM Date Cumulative F�ctor Beginning Balance Accruec! irrterest Amount of Payme�s � sr��oos o.00000000o s2s,s�s.00 o.00 2 erzarzo» 0.089775122 a.00 1�6,516.00 8,827.B7 173,19f3.00 3 srzirzm2 o.o�zoza ��,s�.�y o.00 a sn�rto�a o.00�rzz�r3 �.00 (37,852.33) 0.00 (56,341.0� 5 12/'18J2074 0.078496291 16,488.67 1,451.29 0.00 '� 8�24/20D9 O.Ob0000000 121,891.40 0.00 0.00 2 6l24I2011 0.069775122 121,$9i,00 8.504.96 3 5l21/2092 0.030392Q26 173,796.00 (42,800.04} 0.00 0.00 4 8/1112012 0.�1722723 (42,800.U4? 0.00 (56,341.00} 5 12li8J20'!4 D.078496291 13,540.98 1,062.92 0.00 1 9/2d/2009 Q.000000000 122,211.00 0.00 2 6J24/2Q7i Q.0�775122 122,211.� 0.00 8,s27.29 9 73,186.00 3 5/21/2072 0.030392026 (42,457.71} 0.� 4 6/11/2012 d.009722723 4 457.71 0.� t � ) 0.00 (56,341.0� 5 12/18�2014 0.07$496291 13,883.29 1,089.79 0.00 1 9/24i2 1 , 9. 0.00 Z �� 0.00 0. � 122,18 0 25.75 7 73,198.00 3 5l2112 0. 9. 0.00 4 6111l2012 0.001722723 0.00 {az,as�.zsa o.00 Css,sa�.00� 5 1Z/1$/20'!4 0.078496291 93.859.75 1,087.94 O.QO i 9l24t2009 O.00b000000 122,190.OQ 0.00 2 6/24t20'f 1 0.069775122 Q.00 122,190,00 8,525.82 173,196.00 3 5/21120i2 0.03Q392026 (42,480.18) 0.00 4 6I11/2012 0.0�1722723 0.� (d2,480.1$} 0.00 {56,34�.00} 5 12/18J20i4 0.07849829't 13,880.82 1,Q88.d2 0.00 Tot�is: 9,614 118,855.D0 JSDC ExpjbiteEAddendum 000012 � 7 I2/08I2014 10:25:05 AM -05Q0 IRS PA4E 11 OF 24 Appendix 2 Periud Information Date Tax Pena(ty Penalty Notes Transferred ��4�� Q � Interest Computation Da#e � 6/24/2011 173,19fi 0 p 5f��12012 Q 8,705 p ' 5/21/2Q12 0 18,654 Q I � 6/11J2�12 -56,341 0 0 ( 12/18/2014 0 Q d � � I � i � I I � � � f � � JSDC Ex�iab9�iteEAddendum 000013 8 1Z/Og/�014 10:23:d5 AM -0500 IRS PAGE 12 OF 24 Appendix 3 Period Information Period Date Nurnber af Cumuiative Days Factor � 9/24/2009 0 O.00OOOOOQO 2 6/24/2011 638 0.069775122 3 5/21/2012 332 0.030392t?26 4 �/1112092 2'! �.0��!?22?�23 5 12/18/2014 920 0.0�8496299 I I JSDC Ext�ibiteE�,ddendum 000014 �g 12/46/�014 10:23:05 AM —05p0 IRS PAQE 13 OF 24 Farm 886-A EXp�qwqnpN 4F ITEMS �edu�e number�ext�ihit (Rev.Januery 1994� penm�y s�1-Pouure to FielFalka�10 pey Name of tflxpeYer Tax Identfflcatlon Numbar YearlPerfod ended Guolaug Olafsson(Guolaug Brynja Guojonsdotl 206�6-3412 12/24/2008 Penaity 6651 - Failure to Ffle/Failure to Pay Item# Qescription ReturnedlAssessed Gorre�cted � Failure to File/Failure Ta pay 27,359 37,180 Total of these Items 27,359 37,980 Shown on Refurn 2��g Change to Schedule 9�21 The amount ot the addition to the tax under Cade sec�iion 6651(a)(1)shal!be reduced by the amnunt of the addi�ional Code section 6651{a}(2j for any morrth to which an addition to tax applies under bot�.Code section 6651(c)(�);Tr�as.Reg.301.6651-1(aj('1}. Fo�,,,886-A��.�ssa� Catalog Number 2Q810UN Pa�E t�' ' d'�a�a01 �°partment otthe Traesury-hitamad Revenu��. �� en m 12/OB/2014 1�:�5:05 AM —0500 IRS PA�E 14 OF 24 Fam 886 A EXPLANATiON OF ITEMS �°��e number or exhibit (Rev.Jenuery 1984) J-Run�rei md JulmkMxretnn Name af texpayer �� 7ex IdeMiAcetfan Number Year/Pedod ended Guolau�Oiafsson(Guolaug 8ryn� Guojansdotl 206-56-3412 1y24pZp08 J -Funeral and Administrative Expenses ftem# Descrip�ion Returned/Assesseal Carrec�ed FED Caicufated Irrterest Deduction 0 9,614 i"otai of these Items 0 9,614 Shown on Retutn 0 Change to Schedule 9,61q items are added to allow deduction for Federal ir�erest computed to be due and owing on the estate ta�c deflciency, pursuant to the provisions of Revenue Ruling 75-252. Form��6-A{1-1994) CataloQ Nurt�6er 20810W pegJcnr FX��qlish��f�d��v Departrnent of the Treasuryantamal Revanu�� 12/08/2014 10:23:05 AM —0500 IRS PAQE 15 OF 24 Departrnent of d�e Treewry-Intemel Revenue 3ervice Date Received by Waiver of Restrictions on Assessment and Co!lection �^�r"a�Re�'gnue Service �o�„890 of Deficiency and Acceptance of Overassessment- (November 2Q14) Estafie,Gift,and Generatian-Skipplrig Transfer Tax (Please see the ir�tructions on the bac�c d this form) Part 1-Consent to Assessment and Acceptance of Overassessment I co�sent to the imm�ate asses�ner�and collection of any defiaencies{increase in tax and penalfies)and accept any rnerassessmeryt(decrease in tax and penalties)sNown bebw, plus any interest provided by law. I understand that by my �ignir�this waiver,a petition to the United States Tau Court may not be made, unless additionaf deficiencies are deterrr►ined. Date of Death or Period E�irxx� 2t}05 Item �� ,�� Tax � �� Penatty $0 $0 Total $0 $0 If the estate is required to 61e,with the Interr�ai Ftevenue Servlce,evldence of paymer�of estafe,(nl�eritance, legacy, succession,or generation-sldpping transfer taxes to arry State or the DisMt�of Columbia, I understand that such evidence mus#be filed by .or the deducaon fnr these ta�ces will not be allowed. I also agree to the assessmer� and cAllection of the increase in estate tax and penalties of$ based on the disallowed deductian,plus interest figured to the 30th day after , or until this incr�ease is assessed, whichever is ear�ier. Esta#e of Executor or Administrator �� N�If W. Yah11 Signature Date Address Execuinr or Administrator Name Sigr�ature p� A�ress Dondr �"� Guolaug Ola�sson (Guolaug S�"��'� a�e B n Guo'o ottir Address Cataby Numb�183495 '��'�'Addendum Fo�m 890(Rev.QQ�I) JSDC�ix i i I2/OSI2014 10:23:05 AM —p50Q IRS PAGE 16 OF 24 Page 2 Part 2-Applicable Credlt Agreament I agrea io the increase or decrease in the tofal allow�ed Applicable Cre<iit by the amour�shovm below. Increase pea�� Applic�ble Credit $13,279 Donor �� Narr,e Guolaug Olafsson(Guolaug S�s��re Date Brvnia Guo'on otiir . Address Part 3-�Ift Tax Marital Cl�uction I agree to the increase or decrease in the usa8e of the g�t tax marital deduction by the amour�t shown belau„ Increase Decrease Marital Deduction �� Donor $0.0� ��"1e Guolaug Olafsson (Guolaug S'�'�� oate B n a Guo'or�sdottir�, Ad�iress Instructions for Form 890, Waiver of Restrictions on Assessment and Cottection of Deficiency and Acceptance of Overassessment-Estate,Gift,and Generation -Skipping Transfer Tax Consent to Assessment and Acceptance of OverasssssmeM If you consent ta th�;assessrnent of the deficiencies shown in Part 1 of this form, please si8n the agreement under Part 1 and return the form to limit arry interest charge and expedite the adjustment to your accouryt.Your conserrt will not prever�t a claim for refund from being frled(after the tax has been paid)if you later believe it is warrar�ed,nor preverrt us from later deterrninir�q that additional tax is owed, nor extend the time provided by!aw for either activn. !f a claim is later filed and the Servica disallows it,a suit for refund may be filed in a United Sfates District Court or in the UniEed States Court of Federal Claims, but a petftion may not be filed w�h the United States Tax Court. UVe will consirJer this waiver a vaiid Gaim for refund or credit of any overpayment due resuiting from any decf�ease II1 t�( and penalties determfned by the lntemal Reverwe Service,shawn on the�ront of this form, provided Part� of this fiorm is sigr�ed and filed within the period established by law for making such a daim Appficable Gredit Agraenyent If yau a�ree with the increa&e or decrease of the apowed credit shown in Part 2 of this form,please sign the agreement under Part 2 ar�return the form. Marital D�duciion Agr4ement �F you agree with the ir�crease or decrease in the usage of tl�gift tax marital deduction by the amount shown in Part 3 of this form, please sign the agreemerrt under Part 3 and retum the{�orm, SiQnature Instructtons If the executor or administrator is a corporation,the waiver should be signed with the corpprate rtame,followed by the signatures and titles of the corporate o�cers authorized to sign.An attorr�ey or agerrt may sign this waiver provided the action is specificaNy authorized by a power af attorney which,if not previousy filed, must accompany this form. Catalop Number 18949S � Fa�gg0 JSDC�x}�iibit'�ddendum (R�•dA�118{) 12I08/2014 10:23:d5 AM -0500 IftS PAGE 17 OF 24 Report of Gift Tax Examination Do►br Sociel Securlty Number Date af 6ift Guolaug Olafsson(Guolaug Brynja Guojonsdottir) 206-5&3q12 Zpp5 Shawn on ReturN As Prevlously As Correc�ted Assessed 1. Tofal value of gifta of donor 0 62,000 2. Amourrt of gifta etUibutsbla fA spouse 0 0 3. Gifts of dorwr less att�ibutable to spousc 0 62,000 4. GiRs of spouse io be ncluded 0 0 5. Total giRs jlh�es e+4) 0 62,OOQ 8. Total annual exclusions 0 11,Od0 7. Total included amouni of gifts(CN►e 5-� � �1,� 8. Gift fio spouse with MD daim 0 0 9. Exdusions attribufable to gifts on Line 8 0 � '1�. Msrifal deduction(Lbie 8-9) p � 11. Cheritablededudion(rtetofezc�uarorrs) � � �z. roca�a�ru�;or��s�o+ri� o 0 f 3. Tentative ta�cabie giRs(Ime 7-1� 0 59,000 14. i3ST tsxes payable 0 0 15. T'a�ble gifts for period(unes f3+i4) Q 51,000 18. Total ta�ble gifta tor pr' 0 44,972 17. Total taxable gifts 0 95,972 18. Tax cor�uted on Line 1 0 22,672 19. Tex computed on Line� 0 9,393 20. Total tax payable on taxabb glfts 0 7 3,279 21. Unified credit from Tab(e B 345,800 345,8D0 22. Ur�fied creditfor prior periods 0 9,393 23. eelar�e(Che2i-zz) 345,800 336,407 24. 20%specif�atter 9/8lT6 � 0 2a. Bafance(Ghe23-24) 345,$Oa 336,407 26. Unified credit(Cessor ott'nes 2o cr 25) 0 13,279 27. C�sd�for fo�ign gift laxes 0 Q 2B. To�l cred�s(l.lnes 26+yT� 0 13 279 � s�. aa��y��o-za� o 0 3D. Gene�ation-skipping trsnsfertax 0 0 31. T�,ai tau(lines 29+30) 0 � 32. Tax previously assesaed(Frorn Llne 31) � 33. Tortal tax incxeaseldeaease(Ltne 9i-3a� � 34. Penafties previously asses�ed � 35. Penafties as comec3ed oode(s) � 38. Net penalti�es irtcreasedldeciassed(Line 95-34) d 37. Increase/d�reaae in tax and penaities(Lrnes 33+38J p Fo�»3x33 t��zo�z� Cafalop N�er 19401X p�p�,nti,irs,guv pepartrn�t of f�e 7rgasuty-Iatemal Ravenua Smice JSDC Exhibit E Addendum 000019 1ZI06l2014 I0:23:05 AM —0500 IRS PAaE 18 OF 24 F«m 886 A EXPLANATtON OF I'IEMS g'�'�+�toa,�,�,or�i�it (Rev.January 1894) (3chedule A Put 1) Name adtaxpayer Tax Identlicatla�Number Yeemaertod ended Guolaug Olafsson(G�laug Brynja Guobrrsdott 206-56-3412 2�5 Gifts of Donor w/o GST(Schedufe A Part 1) ftem# Description RetumedlAssessed Corrected New Gift to Gudjan J.Olafsson 0 62 0�0 , Total of fihese Items 62 000 Shown a�Return � Chan�to Scf�edule 62,000 The donor and her son sold tt�e joir�tly held property held in Camp Hilf, PA The net proceeds from the sale of the property were$124,0�0.The dorwr did not take her share of the prnceeds, but allowed her son all of the proceeds. Her shere of fhe proceeds were$62,000 ofi the net proceeds.The value af the�ft to her son was therefore$62,�On in 2045 Form$$s-a(1-1984) Catalop Number 20810W pa ��ti�i�� DaRartmdnt ofthe 7reesury-lrttemal Reverw�� $Q��x i i e 2 12/OS/2014 10:23:05 AM —05Q0 IRS PAGE 19 OF 24 Farm SS6�Q 3chedule number or eathibit (Rev.Jenuery 1884) �X�'�N�TiON OF t7'EM5 Tota1 annual exclusions Nsme oltaxpayer Tex Ide�rtMcatlon N�n6er Yeer/Pedod endeG Guolaug Olafsson(Gu�laug 8 nJa Guojonsdo�d 206�6_3412 2005 Total annual exclusions Item# Qescription Retumed/Assessed Corrected New Annual Exdusion 0 11,OR0 Total of�rese Items 11,000 Shown on Refurn p Clrange to Schedule �� p he total amourrt of a donor's taxable gifts in any caiendar year is reduced by the amount of the annua! exalusion available for gifts to each donee in that year. iRC section 2503(b} Fortn g�8-A(1-'(934) Cataloy Numb�20810W Pa ppJrg �P�ment a(the Tn!esury-IMem�Ravenue�� SD6.Expj��aaend�m ro�� 12/08/2014 1Q:23:05 AM —0500 IRS PAaE 2D OF 24 Departrnenf oTthe T1ea�ry-It�temel Re�+enue 3ervice Da�e ReCeiV�by Waiv�er af Restrictians ar�Assess�nent and Collection �nternal Revenue Servioe Fom'89� of Deficienc and Acce (November 2014) Y ptance of Overassessment- Estate� Giit, and Generatian-Skippirig Transfer Tax (Please see the instruc�Gons on the l�ck oF ihis form) Part 1-Consent to Assessmertt ar�d Ac�c�tanoe of Overassessment I conserit to the irrxnediate assessmer�and collection of any deficiencies(increase in tax and per�alties}and accept any overassessrr�errt(decrease in tax and perrafties)shown bebw, plus any interest provided by law. 1 understand that by my signing this waiver, a petition to the United State,s Tax Court may not be made,unless addfional deficiencies are determined. Date of De�attt or Period Ending 2002 Item Increase Dea�� Tax �p $0 Pertalty $0 $0 Total $p $0 �the estate is required to file,with the Irrtemal Revenue Service,evidence of payment of estate, inherftance, legacy, successiort,or generation-sldpping transfer taxes to arry State or the Disfrict of Columbta,I understand that such evidence mu�t be filed by ,or the deduction for these faxes wiA not be allowed. I also agree to the assessmer� and coliection of the increase in estate ta�c and penalties of� based on the disalbwed deduction,plus ir�erest figured to the 30th day after ,or until thls incr�se is assessed,whichever fs earlier. Estete of Execubr or Administrator �a� Neil W.Yahn Signature Date Address Euecutor or Admir�strator Name Signature Date Addr�ss Dono► Name Guolaug �lafsson (Guolaug si9nature p�t� 8 a Guo'onsdo r Address ��,�93 F�880 R JSDC xii6�i'�ddendum ( �•a��3 1ZIq8/2Q14 10:23:05 AM —0500 IRS PAGE 21 OF 24 Pape 2 Part 2-Applicable CredR Agreernent I agree to the increase or decrease tn the total atbwed AppGcable Credrt by the amourrt shown beldw, IP1C��S8 DeLYQ,�SB Applicable credit $9,393 Donor $O.OQ Name Guolaug Otafsson (Guolaug S��re Date Brvn"a Gu n�dottir Address P�trt 3-Oift Tax Mar�tal Dedu�tion I agree to the increase or decrease in the usage of tha gi�ta�c rr�riFal dedudion by the arrount shown below, ��s� De�ease Marital Deductfon ��00 $O� Donor ��"� Guolaug Qlafsson (Guolaug ��"�t�"� Date B n'a Guojonsdoifir Address Instructions far Form 850,Wan►er of Restrictions on Assessmenfi and CoUection of Deficiency and Acceptance of�verassessment -Estate,Gift,and Generation -Skipping Transfeer Tax Comerrt to Assessment and Avice�tance of Overassessment If you consent to the assessment of the deficiencies shown in Part 10�this form, please sign the agreement under Part 1 and return the form to limit arry interast charge and expedite the adjustment to yoUr accourrt.Your conser�t will not preveM a olaim for refund from being filed(after tl�tax has been paida if you later believe it is warranted, nor preve�t us from later determining that additional tax is owed, nor extend the time provfded by law for either action. Ifi a claim is later filed and�e Service disallnws it, a suit for refund may be filed in a United 5tates District Court or in the United States Caurt of Federal Claims, but a petition may not be 61ed with the United States Tax Court. We will consider this waiver a valid claim for refund or credit of any overpayment d�resuiting from ar7y decrease in tax and penaltfes determined by the lntemal Revenue Service, shown on the front of this form,provided Part 1 of this�Orm is signed and filed within the period established by faw for making such a elaim. Applicable Cradtt Agreemerrt !f you agree with tf�increase or decrease of the allowed credit shown in Part 2 af this form,please sign the agreement under Part 2 and retum the fdrm. Marftal D�duction Agreement If you agree with the increase or decrease in the usage of the gift ta�c marital deducfion by the amount shown in Part 3 of this form,please sign the agreement under Part 3 and return the f�rm. Sfgnature lnstructions if the executor or adminlstrator fs a corporation,the waiver should be signPci with the corporate r�arne,follawed by the signatures and titles of the corpordte officers authorized to sign.An attarney or agerrt may sigR this waiver provided the action is specifically authorized by a power of attorney which,ff not previa�sly filed, must accompany this form, Cetafog Number 169498 WWvy��c Form�8Q Aev. JSDC ExhibitE Addendum � 406�f731 I2I08/2014 10:23;05 Aiy -U500 IRS PA4E 22 OF 24 Repatt of Gift Tax Examination Donor Social Secur�ty Number Date of GIR Guolaug Uiafsson(Guolaug Brynja Guojonsdoftir) 2(}�8_3412 2� Sho�m on ReturN As Previously qs�� Assessed 1. Totgl value of gifts of donor 0 55,972 2. Mwur�t ofgifts ettributable to apouse 0 0 3. Gifls of donar less attributable to spouse 0 b5,972 4. GiAs of spouae to be included 5. Tolal gifls(Lines 3+4) � 0 � 55,972 e. Total annual�xclusions 0 11,0�0 7_ Total included amour�t of gifts(trhe 5-b� Q 44,972 8. �ift to spouse withh MD claim 0 0 9_ Exdusions attiibuteble to gifts on Lins 8 0 0 i0. Maritaldeduction(tine8-9) 0 0 11. Charitable dedudion(net o/exc�usicna) 0 0 12. Total dedudior�s(Lmes 10+f1) 0 0 13. Tentative taxable g�ts ryne 7-i2) 0 44,972 14. (iSTtax�pe�rable 0 0 15. Taxable giffs br period(c.rne,s i3+14) 0 44,972 i8. Totai taxable gifls for ' p O 17. Totel taxable�tfis 0 A4,972 18. Tax comp�ted on Line 1 0 9,393 iS. Tax computed on Line 1 0 0 Z0. Total tax payable on ta�cable gifts 0 9,393 21. Unfied c�it from Table B 345,800 345,800 22. Unified credit for prior periods 0 0 23. Bslance(LAre 2 f-22) 24. 20%s 3�,�0 345,80U pecific aRer 9/8/76 � 25. Balance(L�he 23-24) � �.$�0 345,�ao 26. Unifiedoredit(cessorottxre9zoar25) 0 9,393 27. C�+edit for for�eign g'rft tazes O � 28. Total credits(Lfie�v26+2� 0 9,393 29. B818nce(Lne 20-2B) 0 0 30. Geneiafion-akippng transfertaz 0 0 31. To�al tax(tines 29+9p) p D 32. Tex pf�evlously ass6ssed(Firm L�e 31) 0 33. Total tax incxeegdldecrease(une sf-3z) � 34. Penalties previously assessed O 3b. Pe�ratties as corrected code(a) 0 38. Net penalties increased/dec�sased(l.�Yie 36-3� � 37. Increase/decrease in�c and penaftles(L/nea33+36� � Farm 3��(11-2012) Ce�log Number 19401X p�p�pgh.�,��,00� pep�(ment of the Treesury-Intamal Rewnue Servke JSDC Exhibit E Addendum 000024 12/08/2014 10:23:05 AM —4500 IRS PA�E 23 OF 24 F�m$$S� 8chedule rtumber or exhlblt (Rev.Jenuary 1994) EXPLANATION OF iTEMS CTihaofDmorwlot�ST (Seh�dula A Pert 7) Na�ne°ftea�ayer Tax IdeMiGcatlort Number YearlPeriod eoded Guolaug Olafsson(Guolaug B nja Guq'onsdob 206-56-3412 20p� Gifts of donor w/o GST(Schedule A Part 1 j Item#{ Description Retumed/Assessed Corrected New Gift of Real Estate located at 2331 Chestn�t St.Apt,2,Camp Hill, F p ��972 T�tal oi these Items 55 Q�2 5hown on Return � Chenge tp Schedule 55,972 In September of 2002,the donor tiitled her propery located in Camp Hill in the name of herself and F�r son, , Gudjon J.�latsson as joir�terrants with right af survNorship.The properly had an assessed value of$199,280 at the time�f the transfer!n 2U05,the property sold far$990,000. No appraisals have been done on the propertyr.A sale can be used as the best evidence of fair markef value.See Giovacchini, Shirley G.,Est, (2013j TC Memo 2D13-27,R!A TC Memo�2(}'l3-027, 105 CCH TGM 1179(e, g);Brown,Adelia E.Est v.Com., (1970, CA5}25 AFfR 2d 74-1610,425 F2d-1406, 70-1 USTC�'12683,affg(1969)TC Mema 1969-91, PH TCM¶63091, 28 CCH TCM 497(e); Max Shlensky,(Blanoh�Slegel)(1877)i'C Memo 1977-148, PH TCM P 77,'148; Kettei, Frederick J. Esf, (1950)TC Memo 1990-416, ¶90416,6�C M 425 Levy v US,402 Fed.App�c.9 20 Tex. 1{?6 F. d 7 5, 10-2 USTC P fi0,608. The value of fhe property a� e ti t as o h the cedent's an 0, �yy�S� mortgage on the property. d n e or ti vided, ere h e ee gate amount of $78,056 left on the property ch t so o have 39, .T re, net value of the �gift to the denor's son ins 2002 would be$�5,972. Form$8�-A(1-1994j Catalop Number 2D810W p. publish irs ov �Partment a�Jthe Treesuy-Intemal Revenue �S9GEx��c�cpend$m �(� 12/08t2014 10.23.05 AM —05�0 IRS PA�E 24 OF 24 F�$8�� EXPLANATION OF ITEMS �hedu�e numl�r or exnibit (Rev,Jenuery 1894j Total annual excluaions Name afta�ayer Tex 1deMNcaHon Number YearlRedod�ded Guolaug Olafsson Guolaug Brynja Guo'onsdotl 2�-56-3412 2002 Totai annua! exclusions ltem# Desc�(ption Retumed/Assessed Corrected New Annual Exclusion � 11,000 Total of these ltems 11,000 &hown on Refurn cne��to sor�d�ie 0 ��,000 The totai amouM of a donors taxable gifts in any calendar year is reduced by the amouht afthe annual exclusion availabte for gifts fo each donee in that year. IRC section 2503(b) Fortn�s-Q(1-1994) Catalag Mumber 2081UW P� �pu irs ov ��Partrt�ent o(the Treflsury-Uttemal Roverue� �SDGFx�yDite�c�c�end�m r�� Neil Warner Yahn,Esquire Attorney I.D.No. 82278 James Smith Dietterick&Connelly,LLP P.O.Box 650 Hershey,PA 17033 Petitioner IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION IN RE: . No. 21 - 10 - 0973 ESTATE OF GUOLAUG BRYNJA . GUOJONSDOTTIR, deceased , CERTIFICATE OF SERVICE AND NOW, this'��day of December, 2014, I,Neil W. Yahn, Esquire, do hereby certify that I served a true and correct copy of the foregoing Addendum to the Motion to Compromise upon the following below-named individuals by depositing the same in the U.S. Mail,postage pre-paid at Hershey, Dauphin County, Pennsylvania and/or electronically: Gudjon J. Olafsson Bryndis Gu�jonsdottir Brynja Gu�jonsdottir 52 Boatswain Drive Reynihlic� 4 20 Berlin, MD 21811 IS-105 Reykjavik IS-104 Reykjavik Asa B. Oates Olafur K. Olafsson2 Halldor Reynir Halldorsson 121 Mapleton Blvd 145 Taylor Street, Apt 608 Adalstraeti 6 Hamsburg, PA 17112 San Francisco, CA 94102 IS-101 Reykjavik Neil . Ya n, Esquire z Petitioner acknowledges significant hurdles in serving Olafur K. Olafsson,and will confirm delivery whether electronically or United States First-Class Mail,Certified Return Receipt Requested. 5