Loading...
HomeMy WebLinkAbout12-22-14 (2) r 1505610105 REV-1500 EX(02-11)(FI) '•` OFFICIAL USE ONLY PA Department of Revenue pennsylvania Bureau of Individual Taxes County Code Year File Number PO BOXurg,PA 1 INHERITANCE TAX RETURN r'�j J q1Harrisburg,PA 17128-0601 RESIDENT DECEDENT ( � � ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 03/22/2014 09/21/1932 I Decedent's Last Name Suffix Decedent's First Name MI Palumbo r� I Anthony (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix �S-p—ouse's First Name MI �� i Wil ❑ Spouse's Social Security Number_ (� THIS RETURN MUST BE FILED IN DUPLICATE WITH THE L REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW OD 1.Original Return O 2.Supplemental Return O 3. Remainder Return(Date of Death Prior to 12-13-82) O 4.Limited Estate O 4a. Future Interest Compromise(date of O 5. Federal Estate Tax Return Required death after 12-12-82) CD 6.Decedent Died Testate O 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust.) O 9.Litigation Proceeds Received O 10.Spousal Poverty Credit(Date of Death O 11. Election to Tax under Sec.9113(A) Between 12-31-91 and 1-1-95) (Attach Schodule O) CORRESPONDENT- THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number Rachael L. Baturin, Esq. (717)234-2427 REGISTER OF WILLS 118 ONLY n 1_# *:-0 First Line of Address G Baturin & Baturin rntom,_ N I ry Second Line of Address 73 2604 N. Second Street (_3 c, -70 o ?D FfLED 3 "- City or Post Office State ZIP Code �x= Harrisburg i PA 17101 77) -l� o Correspondent's e-mail address:jdbandb@aol.com 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, it is true,correct and complete.Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE OF PE51801;r P lG RETURN DATE ADDRESS QQ�� }},,�� pp tt 461-2 S Jbr.,PFampHill, SIGNATURE P PA ROT R T PRE NTATIVE DATE s ADDR RaChael L. aturin, Squire 2604 N. Second St., Harrisburg, PA 17110 / PLEASE USE ORIGINAL FORM ONLY Side 1 1505610105 1505610105 J �l 1505610205 REV-1500 EX(FI) Decedent's Social Security Number Decedent's Name: Anthony J. Palumbo RECAPITULATION 1. Real Estate(Schedule A). . .... .... . .. ..... ............. ..... . .. ..... . 1. 0.00 2. Stocks and Bonds(Schedule B) .... .. . ..... ....... . ............. .... .. 2. 0.00 3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C) . . ... 3. 0.00 4. Mortgages and Notes Receivable(Schedule D) .. . ..... .... ... 4. 0.00 5. Cash, Bank Deposits and Miscellaneous Personal Property(Schedule E).... ... 5. 24,633.12 6. Jointly Owned Property(Schedule F) C] Separate Billing Requested ... . .. . 6. 610.21 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) O Separate Billing Requested..... . .. 7. 0.00 8. Total Gross Assets(total Lines 1 through 7)..... . ......... ........ ..... . 8. 25,243.33 9. Funeral Expenses and Administrative Costs(Schedule H)............. . .... . 9. 1,556.17 10. Debts of Decedent, Mortgage Liabilities and Liens(Schedule 1)... ..... ....... 10. 5,863.10 11. Total Deductions(total Lines 9 and 10). ....... . ...:. ..... ....... . ...... 11. 7,419.27 t 12. Net Value of Estate(Line 8 minus Line 11) .... . .... ...... .. ..... . .... ... 12. 17,824.06 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. 17,824.06 TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec.9116 i "- (a)(1.2)X.0_ i 15. 16. Amount of Line 14 taxable at lineal rate X.0 4.5% 17,824.06 j 16. 802.08 17. Amount of Line 14 taxable at sibling rate X.12 17. 18. Amount of Line 14 taxable at collateral rate X.15 18. 19. TAX DUE ... ..... . .... . .... . :. 802.08 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O Side 2 1505610205 1505610205 REV-1500 EX(FI) Page 3 File Number Decedent's Complete Address: DECEDENT'S NAME Anthony J. Palumbo STREET ADDRESS 4612 South Clearview Dr. --------------—----------- —---------- CITY----- ------ ---------------------------......_-.....-T -----------------STATE ZIP I Camp Hill PA 17011 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 802.08 2. Credits/Payments A.Prior Payments —-------------------------------------- ------ B.Discount 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. Fill in oval on Page 2,Line 20 to request a refund. (4) 5. If Line I +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 802.08 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......................................................................................... 11 0 b. retain the right to designate who shall use the property transferred or its income ............................................ El 0 c. retain a reversionary interest ........................................................................................................................... F1 0 d. receive the promise for life of either payments,benefits or care?..................................................................... EJ 0 2. If death occurred after Dec.12,1982,did decedent transfer property within one year of death without receiving adequate consideration?.............................................................................................................. ❑ 3. Did decedent own an"in trust for"or payable-upon-death bank account or security at his or her death?.............. El 0 4. Did decedent own an individual retirement account,annuity or other non-probate property,which contains a beneficiary designation? ....................................................................................................................... El E 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 Jan. 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 172 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)(I • 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-i5o8 EX+(o8-12) pennsylvania SCHEDULE E DEPARTMENT OF REVENUE CASH, BANK DEPOSITS & MISC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Anthony J. Palumbo 21-14-0603 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. 2013 Toyota Prius 23,105.00 2. 2013 IRS refund 1,236.00 3. USAA Auto Ins.refund 292.12 TOTAL(Also enter on Line 5, Recapitulation) $ 24,633.12 If more space is needed,use additional sheets of paper of the same size. A REV-15og EX+(oi-io) pennsylvania SCHEDULE F INHERITANCE MENT OF CETAXRETURN JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Anthony J. Palumbo 21-14-0603 If an asset became jointly owned within one year of the decedent's date of death,it must be reported on Schedule G. SURVIVING JOINT TENANT(S)NAME(S) ADDRESS RELATIONSHIP TO DECEDENT A.Joseph Palumbo 4612 South Clearview Dr. Son Camp Hill, PA 17011 B. C. JOINTLY OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY OF DATE OF DEATH ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECEDENT'S VALUE OF NUMBER TENANT JOINT IDENTIFYING NUMBER.ATTACH DEED FOR JOINTLY HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENT'S INTEREST 1. A. 12101[70 M&T Bank Checking(#904228) 1,194.99 50% 597.50 2. A. 12/31/00 Local 520 U.A.Federat Credit Union(#139) 25.42 50% 12.71 TOTAL(Also enter on Line 6, Recapitulation) $ 610.21 If more space is needed,use additional sheets of paper of the same size. REV-1511 EX+ (08-13) i pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Anthony J. Palumbo 21-14-0603 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES:. . _ 1' Kohl's(burial clothing) 170.63] --- -- B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) Street Address City _ State• ZIP f Year(s)Commission Paid: {) 795.00 2.. Attorney Fees: 3. Family Exemption: (If decedent's address is not the same as claimant's,attach explanation.) Claimant Street Address City State__ZIP 1 Relationship of Claimant to Decedent 4. Probate Fees: 158.50 5. Accountant Fees: �mocr 6. Tax Return Preparer Fees: 7• Cumberland Law Journal(advertising) 75.00 L=1 The Patriot-News(advertising) y 242.90 ' ❑ --------•---•.�---._-...� ..�. _,.,.. ...,mom s AT&T 16.771 n10, Verizon ~� r 61.37 11. Commonwealth of Pa(auto renewal) 36.00D- TOTAL(Also enter on Line 9, Recapitulation) $! 1,556.17 If more space is needed,use additional sheets of paper of the same size, REV-1512 EX+(12-12) pennsylvania SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER Anthony J. Palumbo 21-14-0603 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. Golden Living 859.64 2. Department of Public Welfare-Claim 4,563.70 3. Alixa Rx 245.87 4. Medoptions(medial care) 178.89 5. VA(physician) 15.00 TOTAL(Also enter on Line 10, Recapitulation) $ 5,863.10 If more space is needed,insert additional sheets of the same size. REV-1513 EX+(01-10) pennsylvania SCHEDULE �•�° DEPARTMENT OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Anthony J. Palumbo 21-14-0603 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[Include outright spousal distributions and transfers under Sec.9116(a)(1.2).] 1. Joseph Palumbo,4612 South Clearview Dr.,Camp Hill,PA 11011 a Son 100%� F1 I ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15-THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. II' NON-TAXABLE DISTRIBUTIONS A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: Fl . F] I F] I B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: - F-1 IE ::1 �.____� C- -. . -� ---� Ate• TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $�� If more space is needed,use additional sheets of paper of the same size. ' LAST WILL AND TESTAMENT GE ANTHONY I PAL 1_L MRO I,ANTHONY.I PALUMBO, of the Borough of Camp Hill, County of Cumberland, Commonwealth of Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make,publish and declare this instrument to be my LAST WILL AND TESTAMENT, hereby revoking any and all Wills or Codicils by me at any time heretofore made. FIRST: I direct my hereinafter named Executor(or alternate Executrix) to pay all of my just debts, funeral expenses, administration expenses and inheritance, estate, succession or excise taxes, which I owe or may become due on account of my death, as soon as may be convenient after my decease. I further direct that I be buried in the Holy Cross Cemetery in Section "F", Block "I", Lot"13", said lot is adjacent to the lot in which my mother is buried. , SECOND: All the rest, residue and remainder of my estate, consisting of real and personal property, of whatever nature and wherever situate, which I may own or have the right to dispose of at the time of my decease, I give devise and bequeath unto my beloved son, JOSEPH ANTHONY PALUMBO. In the event my beloved son should predecease me, then and in that event,I give, devise and bequeath my entire estate unto my beloved daughter, LOUISE AGNES PALUMBO KUHL. (SEAL) !@ON &LUMBO Page 1 of 3 THIRD: I hereby make nominate, constitute and appoint my beloved son, JOSEPH A. PALUMBO, Executor of this my Last Will and Testament, with full power, in his sole discretion to do any and all things necessary for the complete and proper administration of my estate, with full power to sell at public or private sale or sales and without Order of Court, any real or personal property belonging to my estate, and to compound, compromise or otherwise settle or adjust any and all claims, charges, debts and demands whatsoever against or in favor of my estate, as fully as I could if living. In the event that my Executor predeceases me or otherwise fails to act, or continue to act, or qualify,or is unable or unwilling to serve,then I appoint, my beloved daughter, LOUISE AGNES PALUMBO KUHL, of Maryland, as my Alternate Executrix. FOURTE : I hereby waive any requirement which may have been otherwise imposed upon the Executor(or Alternate Executrix) of this, my estate, to post a bond in connection with the administration of said estate, in this or any other jurisdiction,where permitted by law. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my seal this day of August, 2000. (SEAL) ANTHONY ALUNIBO, TESTATOR Signed, sealed,published and declared by the above Testator, as and for his Last Will and Testament, in the presence of us, who have hereunto at his request, subscribed our names in his presence and in the presence of each other as witnesses hereto. Address Address fQ � i Page 2 of 3 COMMONWEALTH OF PENNSYLVANIA ) SS: COUNTY OF WE, ANTHONY J. PALUMBO, batt-, n o-u-, and the Testator and the witnesses respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed this instrument as his Last Will and Testament and that he had signed willingly and that he executed it as his free and voluntary act for the purposes therein expressed, in that each of the witnesses, in the presence and hearing of the Testator, signed the Will as witnesses and to the best of their knowledge, the Testator was at the time eighteen years of age or older, of sound mind and under no constraint or undue influence. r (SEAL) TEST�ATO {SEAL) WITNESS (SEAL) WITNESS Sworn to and Subscribed before me this AV"' day of August, 2000. Notary Public -my euriaril-I..1.1ULL . NOTARIAL SEAL ANTOINEITE l=_ HORNE, Notary Pudic Page 3 of 3 Harrisburg, Dauphin County, PA g My Commission Expires April 24, 2001