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HomeMy WebLinkAbout06-05-15 REV-1500 EX (01-10) 1505610140 OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN 2 1 1 5 0 2 9 7 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 0 2 0 8 2 0 1 5 0 8 2 6 1 9 2 0 Decedent's Last Name Suffix Decedent's First Name MI B R E T Z S R D A V I D R (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 O 1.Original Return M 2.Supplemental Return 3.Remainder Return(date of death prior to 12-13-82) ❑ 4.Limited Estate M 4a. Future Interest Compromise(date of 5.Federal Estate Tax Return Required death after 12-12-82) ❑X 6.Decedent Died Testate ❑ 7. Decedent Maintained a Living Trust 0 8.Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9.Litigation Proceeds Received 10.Spousal Poverty Credit(date of death [—] 11. Election to tax under Sec.9113(A) between 12-31-91 and 1-1-95) (Attach Sch.O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number ry J A M E S H T U R N E. R E S Q U I R E 7 1 7,�, 2 3 2 a+ �5�1 Cli � rn REGI&Ef-UF WILLSrAE ONLY Q to r-i rn First line of address � n CJ t (_-J 4 7 0 1 N 0 R T H F R O N T S T R E E T Second line of addressnl �7 i N r m City or Post Office State ZIP Code DATE FILEN Cn H A R R I S B U R G P A 1 7 1 1 0 Correspondent's e-mail address: jh) t@turnerandoconnell.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 PERS P NS LE FOR FILIN RETURN DATE 6/1/2015 AD E 110 CAROL LAN ENOLA PA 17025 SIGNATURE P T ER THAN REPRESENTATIVE DATE r 6/1/2015 A DRE 4701 NORTH FRONT STREET HARRISBURG PA 17110 PLEASE USE ORIGINAL FORM ONLY Side 1 L 1505610140 1505610140 REV-1500 EX Page 3 File Number Decedent's Complete Address: 21 15 0297 DECEDENT'S NAME DAVID R. BRETZ, SR STREET ADDRESS 2305 GOOD HOPE ROAD CITY STATE ZIP ENOLA PA 17025 Tax Payments and Credits: I. Tax Due(Page 2,Line 19) (1) 29,059.66 2. Credits/Payments A.Prior Payments 28,000.00 B.Discount 1,452.98 Total Credits(A+B) (2) 29,452.98 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) 393.32 5. If Line 1 +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 0.00 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 El 191 b. retain the right to designate who shall use the property transferred or its income; ............................... El IRc. retain a reversionary interest;or ......................................................... .. d. receive the promise for life of either payments,benefits or care? ....................................................... ❑ 0 2. If death occurred after December 12,1982,did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................... ❑ X❑ 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 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[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(1.2)[72 P.S.§9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S.§9116(a)(1.3)].A sibling is defined,unde Section 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption. J 1505610240 REV-1500 EX Decedent's Social Security Number Decedent's Name: DAVID R - B R E T Z, SR RECAPITULATION 1. Real Estate(Schedule A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 1. 3 7 5 0 0 1 . 0 0 2. Stocks and Bonds(Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . 2• 3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C) . . . . . 3. 4. Mortgages and Notes Receivable(Schedule D) . . . . . . . .. . . . . . . . . . . . . . . . . . 4. 5. Cash, Bank Deposits and Miscellaneous Personal Property(Schedule E). . . . . . . 5. 2 8 8 2 0 8 . 1 2 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested . . . . . . . 6. 4 3 7 3 . 6 6 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) ❑ Separate Billing Requested . . . . . . . 7. 8. Total Gross Assets(total Lines 1 through 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 6 6 7 5 8 2 . 7 8 9. Funeral Expenses and Administrative Costs(Schedule H) . .. . . . . . . . . . . . . . . . 9• 1 5 1 9 1 . 3 9 10. Debts of Decedent,Mortgage Liabilities,and Liens(Schedule 1) . . . . . . . . . . . . . 10. 6 6 2 1 . 2 5 11. Total Deductions(total Lines 9 and 10) . . .. . . . . . . . . . . . . . . .. . . . . . . . . . . . 11. 2 1 8 1 2 . 6 4 12. Net Value of Estate(Line 8 minus Line 11) . . . . . . . . . . . . . .. .. . . . . . . . . . . . 12. 6 4 5 7 7 0 . 1 4 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. 6 4 5 7 7 0 . 1 4 TAX CALCULATION-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.0 _ 0 . 0 0 15. 0 . 0 0 16. Amount of Line 14 taxable at lineal rate x .045 6 4 5 7 7 0 . 1 4 16. 2 9 0 5 9 . 6 6 17. Amount of Line 14 taxable at sibling rate X.12 0 0 0 17. 0 . 0 0 18. Amount of Line 14 taxable at collateral rate X.15 0 0 0 18. 0 . 0 0 19. TAX DUE . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 19. 2 9 0 5 9 . 6 6 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ❑X Side 2 1505610240 1505610240 J REV-1502 EX+(01-10) pennsylvania SCHEDULE A DEPARTMENT OF REVENUE REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: DAVID R. BRETZ SR 21 15 0297 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. ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE NUMBER OF DEATH DESCRIPTION 1 2305 Good Hope Road, Hampden Township, Cumberland County, Pennsylvania(valued 375,000.00 per appraisal of Clause Real Estate Appraisals dated March 31 2015)_ 2 Unimproved parcel located on Tower Road, East Pennsboro Township, Cumberland 1.00 County, Pennsylvania (title to property is subject to pending litigtion which has been ongoing for several years; cost of clearing title exceeds value of property and executors do not intend to pursue it TOTAL(Also enter on Line 1,Recapitulation.) $ 375 001.00 If more space is needed,use additional sheets of paper of the same size. REV-1508 EX+(11-10) pennsylvania SCHEDULE E DEPARTMENT OF REVENUE CASH, BANK DEPOSITS, & MISC. INHERITANCE TAX RETURN RESIDENT DECEDENT PERSONAL PROPERTY ESTATE OF: FILE NUMBER: DAVID R. BRETZ SR 21 15 0297 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. Oppenheimer Portfolio 288,116.12 2. 2014 income tax refund 92.00 TOTAL(Also enter on Line 5,Recapitulation) $ 288,208.12 If more space is needed,insert additional sheets of paper of the same size REV-1509 EX+(01-10) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: DAVID R. BRETZ, SR 21 15 0297 If an asset was made 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.Susan D. Bretz 101 Sharon Road daughter Enola, PA 1 7025 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. 12/0/09 savings account held at Members 1st Federal Credit 1,276.23 50. 638.12 Union, PO Box 40, Mechanicsburg, PA 17055 2. A 9/18/02 checking account held at Members 1st Federal Credit 2,470.53 50. 1,235.27 Union, PO Box 40, Mechanicsburg, PA 17055 3. A. 9/18/02 savings account held at Members 1st Federal Credit 5,000.54 50. 2,500.27 Union, PO Box 40, Mechanicsburg, PA 17055 TOTAL(Also enter on Line 6,Recapitulation) $ 4,373.66 If more space is needed,use additional sheets of paper of the same size. REV-1511 EX+(10-09) pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER DAVID R. BRETZ, SR 21 15 0297 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Rolling Green Cemetery 2,610.00 2. Richardson Funeral Home 1,724.89 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) Street Address City State ZIP Year(s)Commission Paid: 2. Attorney Fees: Turner and O'Connell 5,000.00 3, Family Exemption:(If decedent's address is not the same as claimant's,attach explanation.) Claimant Street Address City State ZIP Relationship of Claimant to Decedent 4. Probate Fees: Register of Wills 610.50 5 Accountant Fees: 6. Tax Return Preparer Fees: 7. Estate advertising: Cumberland Law Journal 75.00 8. Estate advertising: Journal MultiMedia 171.00 9. Romeo Land Surveying 5,000.00 TOTAL(Also enter on Line 9,Recapitulation) $ 15 191.39 If more space is needed,use additional sheets of paper of-the same size. REV-1512 EX+(12-08) pennsylvania SCHEDULE DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES, & LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER DAVID R. BRETZ, SR 21 15 0297 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. Michael Langan, Tax Collector-2015 county/township tax on property 2305 Good 820.24 Hope Road, Hampden Township 2. Millenium Pharmacy 403.03 3. Union Hall Medical Assoc. 87.81 4. Coyne and Coyne 309.80 5. Sarah.A. Todd Memorial Home 2,223.33 6. Linda Simons -2014 income tax preparation 80.00 7. Clauser Real Estate Appraisal 1,500.00 8. Kerry's Lawn and Garden - lawn mower maintenance 197.04 9. Bretz Landscaping-removal of debris 1,000.00 TOTAL(Also enter on Line 10,Recapitulation) $ 6,621.25 If more space is needed,insert additional sheets of the same size. REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: DAVID R. BRETZ SR 21 15 0297 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. David R. Bretz, Jr. Lineal 322,885.07 110 Carol Lane Enola, PA 17025 2. Susan D. Bretz Lineal 322,885.07 101 Sharon Road Enola, PA 17025 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: 1. B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART 11-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. Bill anb C)FOtament 1, DAVID R. BRETZ, SR., of Enola, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding,hereby declare this instrument to be my Last Will and Testament, revoking any and all Willsby me heretofore made. ITEML I direct my hereinafter-named Executrix or Co-Executors, to pay all my just debts,funeral expenses and administration expenses, including inheritance taxes, as soon as may be convenient after my decease. ITEM 11. 1 give all the rest, residue and remainder of my Estate, real, personal or mixed,ofwhatsoever nature and wheresoever situate,unto In'Y Wife,BERTHA D.BRETZ,and hereby nominate, constitute and appoint her as Executrix of this, Last Will and Testament. ITEM111. In the event my wife,BERTHA D.BRETZ should predecease me or we should both die in a common disaster, then: A. 1 I give all the rest, residue and remainder of my Estate, real,personal or mixed,xed, of whatsoever nature and wheresoever situate, in equal shares, to my son, DAVID R. BRETZ,JR, and my daughter,SUSAN D. GREGG; B. I hereby nominate, constitute and appoint my son, DAVID R. BRETZ,JR., and my daughter, SUSAN D. GREGG, as Co-Executors of this, my Last Will and Testament. ITEMIV Idirect that my Executrix or Co-Executors,shall not be required to give bond for the faithful performance of their duties in this or any other jurisdiction. ITEM V My Executrix or Co-Executors, is hereby authorized and empowered to sell at public or private sale or sales all of the personal property of which I may die seized and to likewise sell all real estate of which 1 may die seized and to'cdnvey the same byfee simple deed or deeds to the same effect that I could personally do, if living. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my Last Will and �Tlament, consisting of two(2)typewritten pages, bearing'7 my signature, this 2_4,6 day of • A.D. 2002. SIGNED IN THE PRESENCE OF: —(SEAL) bWvidA. Bretz, Sr. Page -1 f Pages t � tt +rt rrt °������r+ri�r♦ �, \' 4'", •'`.its 14 AM SN ij�jP'.1y_i •'a\ } w= l`- N till + .. '#iiliiat�it - `e • • r