HomeMy WebLinkAbout01-0698
Register of Wills of CUMBERLAND County, Pennsylvania
PETITION FOR GRANT OF LETTERS
~J-oI-~9~
No.
Estate of BARRY E. HIPPENSTEEL
also known as
, Deceased
Social Security No. 175-40-5042
Petitioner(s), who is/are 18 years of age or older, apply)ies) for:
(COMPLETE "A" OR "B" BELOW:)
GJ
A. Probate and Grant of Letters and aver that Petitioner(s) is/are the execut OR
Decedent, dated AUGUST 28, 1998 and codicil(s) dates NONE
named in the Last Will of the
State relevant circumstances, e.g., renunciation, death of executor, etc
Except as follows, Decedent did not marry, was not divorced and did not have a child born or adopted after execution of the documents offered
for probate; was not the victim of a killing and was never adjudicated incapacitated:
o
B. Grant of Letters of Administration
(c.t.a., d.b.n.c.t.a.: pendente lite, durante absentia; durante minoritate)
Petitioner(s) after a proper search has/have ascertained the Decedent left no Will and was survived by the following spouse
(if any) and heirs:
I
Name
Relationship
Residence
I
(COMPLETE IN ALL CASES:) Attach additional sheets if necessary.
Decedent was domiciled at death in CUMBERLAND County, Pennsylvania, with his/her last family or principal
residence at 35 PARSONAGE STREET, NEWVILLE, PA 17241
1:< (list street, number and municipality)
Decedent, then 50 years of age, died JUL y+t , 19~, at HERSHEY MEDICAL CENTER
(Location)
Decedent at death owned property with estimated values as follows:
(if domiciled in PA All personal property ......................................... $
(if not domiciled in PA Personal property in Pennsylvania .................... $
(if not domiciled in PA Personal property in County .............................. $
Value of real estate in Pennsylvania........... ........... ............ .......... ...... ...................................... $
Total............. ........ ............... .... .... ... ... ..... ..... .................................... ...... .... ........ ... $
so:; 000..
I, \" . 0'0 0 &
J / \-. Q:X::l...
Real Estate situated as follows:
Wherefor, Petitioner(s) respectfully request(s) the probate of the last Will and Codicil(s) presented with this Petition and the grant of letters in
the appropriate form to the undersigned:
Typed or printed name and residence
RICHARD G. HIPPENSTEEL
425 CENTERVILLE ROAD
NEWVILLE P A 17241
RW-1
/0-.J.c;0-5
Oath of Personal Representative
Commonwealth of Pennsylvania
County of CUMBERLAND
The Petitioner(s) above-named swear(s) and affirm(s) that the statements in the foregoing Petition are true
and correct to the best of the knowledge and belief of Petitioner(s) and that, as personal representative(s) of the
Decedent, Petitioner(s) will well and truly administer the estate according to law.
Sworn to and affirmed and subscribed
before me this 26th day of
July 2001
Q-
em t1 v '
~~eV1~d)~
DECREE O~ER
Estate of BARRY E. HIPPENSTEEL
also known as
~fi~
Deceased
No.
21-2001-698
Social Security No: 175-40-5042 Date of Death: JULY 14,2001
AND NOW, July 27th ,19<: 2001, in consideration of the Petition on the
reverse side hereon, satisfactory proof having been presented before me,
IT IS DECREED that Letters !XI Testamentary 0 of Administration
((c.t.a., d.b.n.c.t.; pendente lite; durante absentia; durante minoriate)
are hereby granted to RICHARD G. HIPPENSTEEL
in the above estate and that the instrument(s), if any, dated August 28,1998
described in the Petition be admitted to probate and filed of record as the last Will of Decedent.
FEES
Letters ....................................
Short Certificates( s) .... J!-?......
Renunciation ..........................
Extra Pages ( 5) ...............
I. T. R. ......................................
JCP Fee........... .... ..................
Inventory ................................
Other ......................................
$
235.00
~e.~/)M/~d~
i Regist of Wills Mary c. Lewis
$
$
$
$
$
$
$
$
30.00
15.00
5.00
Attorney: HAMIL TON C. DAVIS
1.0. No: 10264
Address: P.O. BOX 40
SHIPPENSBURG
Telephone: 717 532-5713
DATE FILED: July 27th, 2001
PA 17257
285.00
TOTAL......................... ....$
MAILED LETI'ERS '10 ATIORNEY
HAMIL'ION C. DAVIS
l![)'i.R[)'i REV 9/86
This is to certify that the information here given is correctly copied fran: an original certificate of death dul~ filed with me as
Local Rc:;gistrar. The original certificate will be forwarded to the State Vital Records Office for permanent ttllllg.
WARNING: It is illegal to duplicate this copy by photostat or photograph.
Fee for this certificate, $2.00
p
7555254
No.
21-2001-698
t~n I?-in~
Local Registrar
;)~ l~
dt"'O I
Date
Hl05.144Rev 1/91
COMMONWEALTH OF PENNSYLVANIA I DEPARTMENT OF HEALTH I VITAL RECORDS
CERTIFICATE OF DEATH
(Coroner)
BIRTHPLACE (Clly and PlACE OF DEI(fH (Checf< only one - see "'..rue''''''' on or.,.. _I
Slate Of FOfe.gn Counlry) HOSPITAL;
Carlisle, Pennsylvani npatlent i]f
7. ...
FACILITY NAME (" nol,nshlulion. QlVe st,eet and numbel)
Hershey Medical Cent~~..
lei. 0
KINO OF BUSINESs/INDUSTRY
TYPE/PRINT
IN
PEHMANi:NT
BLACK INK
UNDER I DAY
Hour. Minutes
DECEDENT'S USUAL OCCUfW"ION
(Give kind cA .work M\~~ most
01 worki"lllilll;"" f'1)
.11. 11.
DECEDENT'S MAILING ADDRESS (SIr.... CitylTown. Slale, Zip Code)
35 Parsonage Street
Newville, Pennsylvania 17241
DECEDENT'S
ACTUAL
RESIDENCE
(See ,nst'uehO/lS
on _ side)
Cumberland
SEX
a.
Male
STATE FILE NUMBER
SOCIAL~WRITY NUM~
I.
12 2001
~",)D
MARITAL STI(fUS. Married
Nave' Matried. Widowed.
Di.orOf{r~d
SURVIVING SPOuSE
elf wile. gMt maJden name)
Did
deeedent
.... In a
-ip?
IWP
Newville
Paul R. Hippensteel
Tom L. Hippensteel
-X.... dee_lived
17d.U dllln llC1uallimita 01
MOTHER'SNAME (F.st. ModdIe. MaiclenSu,name) Sarah B. Bolen
It.
INFORMANT'S"~l$3mae~e'e"~urg, Pa. 17050
17b. Count
c~ylboro
LOCI(fION . Cilyrrowrr. St.... Zip Coda
SChaefferstown, Pa. 17088
PLACE OF DISPOSITION. Name 01 Cematary, eremalOfy
orOlhe,Ptace Conolite Crematory
ala. 23b. 23c.
TIME OF DEIJH DlJE PRONOUNCED DEAD (Monlh. Day. Year) WI'S CASE REFERRED 10 MEDICAL EXAlAINEAICORONER?
24. .12:25 p.m.M as. July 12, 2001 21. Yearn
27. MRT I: Enter the _. InjurIeI or complicatione which caused the death. 00 notenta, the mode of dying, such as cardiac or ,e&pl,atory arr.... IIf10ck 0' heart laUura. 'Approxornate PART II: Othe' signUocant condIIions coolrillultng '0 dealh. but
liot only one ca.... on each line. : intarval_en not resulting In '"" underlying ca.... given in PART I
:011181 and_
I
i
21c.
lICENSE NUMBER FD-014318-L
2ab.
, death occurred at the lime. dete and place stated
.......
<ll
<ll
-4..1
Ul
~
OM
::r::
>-
lj
lU
p::)
Traumatic brain injury
DUE 10 (OR AS A CONSEQUENCE OF):
b.
DUE 10 (OA AS A CONSEQUENCE OF):
DUE 10 (OA AS A CONSEQUENCE OF);
d
WERE AUlOPSY FINDINGS
_,LABLE PRIOR 10
COMPLETION OF CAUse
OF DEATH?
MANNER OF OEIJH
DPifE OF INJURV
(Monlh, Day, Year)
July 4,
o
!!9
D
NatUfal
HomM:ide
Y.. D
NoD
Acck:tent
Pending InvestigatIOn
Suicjde
at.
Could not b. det~rmined
2... aab.
ceRTIFIER (Check only oneI
-CERTifYING 'HV&aC&AN (Physcian C6,.tfying cause of lfeattl 'Ml8fl aooIhet pIlVSiCia11 has pronounc~d uealll arKJ comptolw Item 2J)
To lhe _t 01 lily kno-..-. _Ih occuned dllllD lhe cat-<<al and _nner .. a..ted. . . . . . . . . . . . . . . . . . . . . . . .
>-
~
o
\IJ
&l
o
u.
o
w
:::l
<(
z
.PRONOUHCING AND CERTIFYING PHYSICIAN (Phystcten both pronouncing death and C8ftilying 10 CdUstl" 01 dCdlh)
To'" _ 01 lilY knowleclga, _Ih oc:cuned at... _. data, and place, and dill to the ca"",a) and manna....tated.. . . . . . . . . . . . . . . . . . . . . . . . .
'MEDlCAL EXAMINERICORONER
On _ buill oI.xamlnllt..... ....u..lnveat..t...... In my opinion. dlath occurred al thl Ume, datI, Ind place, and due 10 Ihe caulell) _
m..........-.............o..........................o........................................................... .
311.
AEGIST
I~ (~d ,-11
d.
NAMEANDAO~~~rrFnw~~1 Home, Inc. 37 East Main Street Mechanicsburg, Pa 1705
ZZc.
UCENSE NUMBER
DIJE SIGNED
(Monlh. Day. 'ilia,)
NoD
PA 17111
14.
~
LAST WILL AND TESTAMENT
I, BARRY E. HIPPENSTEEL, of the Borough of Newville,
Cumberland County, Pennsylvania, declare this to be my Last Will
and Testament and revoke any Will or Codicil previously made by
me.
ITEM I: I direct that all my just debts (except as may be
barred by a Statute of Limitations) and my funeral expenses
(including my gravemarker and expenses of my last illness) shall
be paid from my residuary estate as soon as practicable after my
decease as a part of the administration of my estate.
ITEM II: I bequeath those articles of my household furniture
and furnishings and those articles of my personal effects and
personal property as set forth in a separate memorandum (which is
signed by me, dated and makes specific reference to this Will and
memorandum, which I shall place with my Will or deposit with my
attorney), to the persons therein designated.
ITEM III: I devise my residence real estate situated in the
Borough of Newville, Cumberland County, Pennsylvania (which has an
address of: 35 Parsonage Street, Newville, Pennsylvania, 17241,
together with the household goods and furnishings and all other of
my tangible personal property (but not including cash or
securities and not including any such items specifically
bequeathed in Item II above and not including such property which
is utilized by me in my businesses)} to my friend and former
stepson, TRAVIS FLAHARTY, provided he shall survive me by thirty
~
~
(30) days. This gift is made free of and is intended to be free
of the provisions and limitations of Section 2514, Subsections
16.1 and 16.2 of the Pennsylvania Probate, Estates and Fiduciaries
Code. It is my intention hereby that my attorney-in-fact acting
pursuant to a Power of Attorney which I am simultaneously herewith
executing or have heretofore executed or may hereafter execute or
any guardian of my estate should one be appointed, either before
or after my possible incapacity or other disability, shall be free
to sell, mortgage or otherwise dispose of this real estate, if
such sale, mortgage or other disposition shall, in the sole
discretion of my attorney-in-fact or guardian, be needed for my
care, comfort, support or health, free and unrestricted by the
provisions of the above referenced Sections. To carry out my
intent and purpose hereunder, I specifically make the above gift
free of any rights or claims of the legatees or devisees during my
lifetime, and should any such claims be made or asserted, then and
in that event, this gift shall become null and void and the
property bequeath or devised hereunder or the proceeds therefrom
shall pass as a part of my residuary estate pursuant to ITEM VII
below.
ITEM IV: I have designated my friend and former stepson,
TRAVIS FLAHARTY, as the beneficiary on a life insurance policy
upon my life, and upon my Individual Retirement Account (IRA) and
upon my Brokerage Account for stocks and mutual funds and I want
2
~
.
~
~
to confirm such beneficiary designations and bequeath to TRAVIS
FLAHARTY any IRA and any stocks or mutual funds that I own at the
time of my death.
ITEM V: I have designated my daughter, ALLISON WALTERS, as the
beneficiary on a life insurance policy upon my life and I want to
confirm such beneficiary designation and to bequeath to ALLISON
all checking accounts, saving accounts and certificates of deposit
(and any other deposit accounts in any bank, savings and loan
association, credit union or other institution) that I own at the
time of my death.
ITEM VI:
If my friend and employee, TOM LEHMAN, survives me
and at the time of my death is still employed by me in
HIPPENSTEEL'S BODY SHOP (Steelstown Road, Newville, Pennsylvania)
I give, devise and bequeath to TOM LEHMAN my interest in the
business (and the assets thereof) operated by me with my brother,
RICHARD HIPPENSTEEL, know as "Hippensteel's Body Shop". Should
TOM LEHMAN not survive me or at the time of my death, not be
employed by me in Hippensteel's Body Shop, then I give, devise and
bequeath my interest in such business to my brother, RICHARD G.
HIPPENSTEEL.
ITEM VII:
I devise and bequeath all the residue of my estate
of every nature and wherever situate to my daughter, ALLISON
WALTERS, providing she shall survive me by thirty (30) days.
Should my daughter, ALLISON WALTERS, predecease me or die on or
3
~
t
before the thirtieth day following my death but leaving
descendants who so survive me, such descendants shall receive, per
stirpes, the share that such predeceased child would have received
had he or she so survived me.
ITEM VIII:
I direct that all taxes that may be assessed in
consequence of my death, of whatever nature and by whatever
jurisdiction imposed, shall be paid from my residuary estate as
part of the expenses of the administration of my estate.
ITEM IX:
I appoint my brother, RICHARD G. HIPPENSTEEL,
Executor
of this my Last Will.
Should he fail to qualify or
cease to act as Executor, I appoint my brother, TOM HIPPENSTEEL,
Executor of this my Last will.
ITEM X:
I direct that my Executor or their successors shall
not be required to give bond for the faithful performance of their
duties in any jurisdiction.
ITEM XI:
My individual fiduciary shall be entitled to
reasonable compensation for his or her services rendered from time
to time and/or to reimbursement of out of pocket expenses.
ITEM XII:
The interests of the beneficiaries hereunder shall
not be subject to anticipation or to voluntary or involuntary
alienation.
ITEM XIII:
In addition to other powers vested in my Executor
by law and other provisions of my Will, I hereby specifically
authorize my Executor to continue the operation of any business in
4
which I may be interested or engaged at the time of my death
(regardless of the form or organization of any such business),
without the necessity of seeking approval from any Court and
without having to give any bond or other security, until such time
as my Executor may deem it advisable to sell, liquidate or
distribute the same in kind. My Executor shall have all the rights
and powers in connection with such business as I had when living.
IN WITNESS WHEREOF, I hereunto set my hand and seal to this
my Last Will and Testament, written on six (6) sheets of paper,
dated this 2f>-d day of 4u7'-1 sf-, 1998.
6 E~~~(sFAL)
The preceding instrument, consisting of this and five (5)
other typewritten pages, each identified by the signature or
initials of the Testator, was on the day and date thereof signed,
published and declared by the Testator therein named, as and for
his Last Will, in the presence of us, who, at his request, in his
presence, and in the presence of each other have subscribed our
names as witne~~hereto.
~k ~' residing at Y~VI '/1- 17;
~~f~
residing at
,forbary ;;4
5
COMMONWEALTH OF PENNSYLVANIA
ss.
COUNTY OF CUMBERLAND
I, BARRY E. HIPPENSTEEL, the Testator whose name is signed to
the attached or foregoing instrument, having been duly qualified
according to law, do hereby acknowledge that I signed and executed
the instrument as my Last Will; and that I signed it willingly and
as my free and voluntary act for the purposes therein expressed.
NOT Art!Al SEAL
LOIS A. SOLLENBERGER. Notary PubIc
Shippensburg Boro. Cumberland County
Mt.,~^!!!l!!,~~n g.~P!~ March 3, 2Q01
COMMONWEALTH OF PENNSYLVANIA
ss.
COUNTY OF CUMBERLAND
We, WA-t'Y\t Li'ON <=-. ::DA-J\C; and -r"R,NA m. 6ROOIc(e-NS ,
the witnesses whose names are signed to the attached or foregoing
instrument, being duly qualified according to law, do depose and
say that we were present and saw the Testator sign and execute the
instrument as his Last Will; that the Testator signed willingly
and executed it as his free and voluntary act for the purposes
therein expressed; that each subscribing witness in the hearing
and sight of the Testator signed the Will as a witness; and that
to the best of our knowledge the Testator was at the time eighteen
(18) or more years of age and of sound mind and under no
constraint or undue influence.
Sworn to or affirmed and subscribed to
be f ore me by j4A-w\l L TOr-..) C. 'bAv l 5. and
IRll\JA- 0"\.. ~~oof<E7'JS, witnesses, this
..a~ day of ~ ' 1998.
~e-U- Q. ~
INotary Publi i NOTARIAL SEAl
, i.DIS A. SOLLENBERGER, Notary PublIC
; ~;,i:;pensburg Boro, Oumbertand Countj
U.C?ETmission ~Ires March 31 2Q91
E
.--
CRRTTFTCA TTON OF NOTTeR TTNnRR RUT JR 5.6(a)
Name of Decedent: Harry F Hippensteel
Date of Death: Tllly 1?) ?001
Will No.: 21-01-069R
To the Register:
I certify that notice of (beneficial interest) estate administration required by Rule 5.6(a)
of the Orphans' Court Rules was served on or mailed to the following beneficiaries of the above-
captioned estate on Septemher 19, 2001
Notice has now been given to all persons entitled thereto under Rule 5 .6( a) except
~ttJ ·
Signature
Name
Richard G Hippensteel
Thoma~ 0 T ,ehman
Allison Walters
Travis Flaharty
Date:
9/27/01
Address
4~? Centervllle Road, Newville, P A 17241
314 Douhling Oap Road, Newville, P A 17241
19 Fordes Fdee, Royersford, P A 1946R
4414 Spring Road, Shermans Dale, PA 17090
None
~
Name: Hamilton C Davis, Rsq
Address: P 0 Hox 40
Shlppenshurg, PAl 72~7
Telephone: 717-~32-~713
Capacity: _ personal representative
~ counsel for personal
representative
71 7 530 522,2
07-27-'01 15:59 FROM-ZULLINGER-DAVIS PROF
717-530-5222
T-301 P01/01 U-539
LA W OFFICES OF
ZULLINGER - DA \18
PROFESSIONAL CORPORATION
JOEL :ft. ZULLlNGlR
14 North Main Street
Suite 200
Chambersburg, PA 11201
717-264-6029
Fax: 717.264-) 884
zuln grlaw:~supernet.(;(}m
Dale F. Shughart~ Jr,
of counsel
MAMfi.. TON C. DAVIS
20 East Burel Street, Suite 6
p, 0, Box 40
Shippensburg, P A 17257
717-532-5713
:Fax: 717-530-5222
davi!llaw(w"l1p~m~t...c.Qm
To: 9~.Q (~~A6P 0)L~
Subject: ~~
From: Hamilton C. Davis
Or: (0 Trina M. Brookens 0 Nichole
Fax #: 2L{o -~r7'17
Date:~~ '41) 7.-001
Fax #: ~ 717-530-5222
J. Kellert ~ ~.Il/""'\.
. ( pages to you, incluqing this
We are transmittil1g a total of
COver page.
An ORIGINAL:
',><
will not follow;
via Messenger
via email.
Will follow:
via U.S. Maili
Please call (717) 532-5713 if your copy quality is not adequate or if
there are problems with y0ur reception.
COtJFIDEt.TTIl\IJ
'l'he inform5ltion cont~in~d in thi3 faC3i~ile me$sagoO! is attorney privileged and contldential
information intended only for thG use of the individual or entity named above. If the reader of
this message 13 not the ir't~ncied rE'cipient, you dre hereby notified that any dissenllnation,
d~stribut.ion, or copy or this co:nmunicat.l.on is strictly prohibited. If you have received thi:s
facsimil.o in error, please immediately notify us by telephone dnd return the message via u.s.
mail t~~~r~~ ~7i- ~J~ ~ ~
f ../L,"} 5' , f/ I: (/(I/'; /. . /. lti-H :,; (if1
rP0 tz ~ Iv ~. ~~/~ ~-
C.u -- z:~ .:- /1." C'~.I' k - -y . /2 ZtJ<)>
~J J--"
I
LA WfQF'fICES OF . ;
ZULLIN<iER - DAvIS
PROFESSIO~L 5rPRRf?RAT~~~
JOEL R. ZULLINGER
14 North Main Street
Suite 200
Chambersburg, P A 17201
717-264-6029
Fax: 717-264-1884
zulngrlaw@supernet.com
c,:'
D~1~r ~t..;Shl1ghart, Jr.
of counsel
HAMIL TON c. DAVIS
20 East Burd Street, Suite 6
P.O. Box 40
Shippensburg, P A 17257
717-532-5713
Fax: 717-530-5222
davislaw@supemet.com
April 11, 2002
Mary Lewis, Cumberland County Register of Wills
One Courthouse Square
Carlisle, P A 17013
Re: Barry E. Hippensteel Estate
File No. 2001-00698
Dear Mary:
I am writing to request an extension of up to sixty days for the filing of the Pennsylvania
Inheritance Tax Return in the above estate. This estate has some closely held business valuation
issues and lacks liquidity, and we are therefore unable to complete the return or make payment at
this time.
Thank you very much.
Sincerely yours,
~r:.{)
Hamilton C. Davis
for Zullinger - Davis
Professional Corporation
\.
HCD/njk
---
--
/6 -(;) ~/ 6'-6
\
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
D~PARTMENT280601
HARRISBURG, PA 17128-0601
April 22, 2002
'02 fHJf.: 29 P J ::~~2
Telephone
(717) 787-3930
FAX (717) 772-0412
Law Offices of
Zullinger & Davis
20 East Burd St.- Suite 6
P.O. Box 40
Shippensburg, Pa.17257
i...I .
(" .
~vn;;
Re: Estate of Barry E. Hippensteel
File Number 2101-0698
Dear Sirs:
This is in response to your request for an extension of time to file the Inheritance Tax Return for
the above estate.
In accordance with Section 2136 (d) of the Inheritance and Estate Tax Act of 1995, the time for
filing the return is extended for an additional period of six months. This extension will avoid the
imposition of a penalty for failure to make a timely return. However, it does not prevent interest from'
accruing on any tax remaining unpaid after the delinquent date.
The return must be filed with the Register of Wills on or before October 12,2002. Because
Section 2136 (d) of the 1995 Act allows for only one extra period of six (6) months, no additional
extension(s) will be granted that would exceed the maximum time permitted.
."~)! Sinc~i~y,f, /.:: -'- ;1-
/V(/<~!~>,,:ldMf tJ I
II tI
Jeffrey D. Hollenbush, Supervisor
Document Processing Unit
Inheritance Tax Division
.A
v
LAW OFFICES OF
ZULLINGER - DAVIS
PROFESSIONAL CORPORATION
JOEL R. ZULLINGER
14 North Main Street
Suite 200
Chambersburg, P A 17201
717-264-6029
Fax: 717-264-1884
zulngrlaw@earthlink.net
Dale F. Shughart, Jr.
of counsel
HAMILTON C. DAVIS
20 East Burd Street, Suite 6
P.O. Box 40
Shippensburg, P A 17257
717-532-5713
Fax: 717-530-5222
davislaw@supemet.com
November 8, 2002
Register of Wills
Cumberland County
One Courthouse Square
Carlisle, PA 17013
RE: Estate of Barry E. Hippensteel
Est. No. 2001 00698 21-01-0698
Dear Sir or Madam:
Enclosed herewith please find an inheritance tax return, filed in duplicate, and payment in
the amount of Fifteen Thousand Sixty-Three and 31/100 ($15,063.31) dollars, including interest, as
payment on the above estate.
A check for filing fee in the amount of$15.00 is also enclosed
If there are any questions or concerns, please contact me at the Shippensburg office. Thank
you.
. A/Sin:erely yours, .
~t IL-
Hamilton C:'t;vis
for Zullinger - Davis
Professional Corporation
HCD/njk
Enclosure
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG. PA 17128-0601
REV-1162 EX(11-96)
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
DAVIS HAMILTON C ESQUIRE
PO BOX 040
SHIPPENSBURG, PA 17257-0040
___h___ fold
ESTATE INFORMATION: SSN: 175-40-5042
FILE NUMBER: 2101-0698
DECEDENT NAME: HIPPENSTEEL BARRY E
DA TE OF PAYMENT: 11/15/2002
POSTMARK DATE: 00/00/0000
COUNTY: CUMBERLAND
DATE OF DEATH: 07/12/2001
NO. CD 001845
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 I $510.74
I
I
I
I
I
I
I
I
TOTAL AMOUNT PAID:
REMARKS: HAMILTON C DAVIS ESQUIRE
CHECK#15122
SEAL
INITIALS: JA
RECEIVED BY:
REGISTER OF WILLS
$510.74
MARY C. LEWIS
REGISTER OF WILLS
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG. PA 17128-0601
REV-1162 EX(11-96)
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
DAVIS HAMILTON C ESQUIRE
PO BOX 040
SHIPPENSBURG, PA 17257
___n___ fold
ESTATE INFORMATION: SSN: 1 75-40-5042
FILE NUMBER: 2101-0698
DECEDENT NAME: HIPPENSTEEL BARRY E
DA TE OF PAYMENT: 11/15/2002
POSTMARK DATE: 00/00/0000
COUNTY: CUMBERLAND
DATE OF DEATH: 07/12/2001
NO. CD 001846
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 I $14,552.57
I
I
I
I
I
I
I
I
TOTAL AMOUNT PAID:
$14,552.57
REMARKS: HAMILTON C DAVIS ESQUIRE
CHECK#132
SEAL
INITIALS: JA
RECEIVED BY:
REGISTER OF WILLS
MARY C. LEWIS
REGISTER OF WILLS
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG, PA 17128-0601
REV-1162 EX( 11-96)
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
DAVIS HAMILTON C
POBOX 040
SHIPPENSBURG, PA 17257-0040
___u___ fold
ESTATE INFORMATION: SSN: 1 75-40-5042
FILE NUMBER: 2101-0698
DECEDENT NAME: HIPPENSTEEL BARRY E
DA TE OF PAYMENT: 01/13/2003
POSTMARK DATE: 01/10/2003
COUNTY: CUMBERLAND
DATE OF DEATH: 07/12/2001
NO. CD 002035
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 I $7.16
I
I
I
I
I
I
I
I
TOTAL AMOUNT PAID:
REMARKS:
CHECK# 0326
SEAL
INITIALS: CW
RECEIVED BY:
REGISTER OF WILLS
$7.16
DONNA M. OTTO
DEPUTY REGISTER OF WILLS
'v / 6 ~c:2~b - .s--
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA 17128-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF INHERITANCE TAX
APPRAISEMENT, ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS AND ASSESSMENT OF TAX
HAMILTON C DAVIS
PO BOX 40
20E BURD ST, SUITE ~l
SHIPPENSBURG PA 17257
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
12-30-2002
HIPPENSTEEL
07-12-2001
21 01-0698
CUMBERLAND
101
*'
REV-1547 EX AFP (01-03)
BARRY
E
Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
iEV=i54-j-EX-AFP--(Oi-:03)--NOTicE-OF--rtiHER-iTANCE-'~fA'X-APPRA-isEMENT-:--ALi-oWAN-CE-O-i-----------------
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF HIPPENSTEEL BARRY E FILE NO. 21 01-0698 ACN 101 DATE 12-30-2002
T AX RETURN WAS: (X) ACCEPTED AS F I LED
) CHANGED
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
3. Closely Held stock/Partnership Interest (Schedule C)
4. Mortgages/Notes Receivable (Schedule D)
5. Cash/Bank Deposits/Misc. Personal Property (Schedule E)
6. Jointly Owned Property (Schedule F)
7. Transfers (Schedule G)
8. Total Assets
(1)
(2)
(3)
(4)
(5)
(6)
(7)
69,000.00
4,417.28
32,500.00
.00
7,159.60
.00
.00
(8)
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H)
10. Debts/Mortgage Liabilities/Liens (Schedule I)
11. Total Deductions
12. Net Value of Tax Return
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J)
14. Net Value of Estate Subject to Tax
(9)
(10)
11,222.55
If an assess.ent was issued preViously, lines 14, 15 and/or 16, 17, 18 and 19 will
reflect figures that include the total of ~ returns assessed to date.
ASSESSMENT OF TAX:
15. Amount of Line 14 at Spousal rate
16. Amount of Line 14 taxable at Lineal/Class A rate
17. Amount of Line 14 at Sibling rate
18. Amount of Line 14 taxable at Collateral/Class B rate
19. Principal Tax Due
NOTE:
4,837.21
(ll)
(l2)
(13)
(14)
NOTE: To insure proper
credit to your account,
submit the upper portion
of this form with your
tax payment.
113,076.88
16.nJ:i9 76
97,017.12
.00
97,017.12
(15)
(16)
(17)
(18)
.00 X 00 .00
.00 X 045 = .00
.00 X 12 = .00
97,017.12 X 15 = 14,552.57
Cl9)= 14,552.57
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
11-15-2002 CDOO1845 .00 510.74
11-15-2002 CDOO1846 510.74- 14,552.57
BALANCE OF UNPAID INTEREST/PENALTY AS OF 11-16-2002 TOTAL TAX CREDIT 14,552.57
BALANCE OF TAX DUE .00
INTEREST AND PEN. 7.16
TOTAL DUE 7.16
* IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST.
( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
STATUS REPORT UNDER RULE 6.12
Name of Decedent: Barry E. Hippensteel
Date of Death: 07/12/2001
Estate No. 2001-00698
Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following
with respect to completion of the administration of the above-captioned estate:
1. State whether administration of the estate is complete: Yes X No_
2. If the answer is No, state when the personal representative reasonably
believes that the administration will be complete:
3. If the answer to No. 1 is Yes, state the following:
a.
Did the personal representative file a final account with the Court?
Yes_ No X .
b.
The separate Orphans' Court No. (if any) for the personal
representative's account is:
c.
Did the personal representative state an account informally to the
parties in interest? Yes X No_
d.
Copies of receipts, releases, joinders and approvals of formal or
informal accounts may be filed with the Clerk of the Orphans' court
and may be attached to this report.
~ t J- '-
HamIlton C. Davis, Esquire
P.O. Box 40
Shippensburg, P A 17257
(717) 532-5713
Date:
'';11)03
... I. I
'-~qWn0
!!~':J
so: [d ii 7nr
rD.
Capacity: _ Personal Representative
XX Counsel for Personal
Representative
~
"
.J
o
"
vJ
k
~
u)
dJ
~
o
~
-
::.
:'"
==
::::
-
:'"
-
:'"
-
-
-
-
-
~
-
=-
:-
-
-
()o()~
O)~C(O
~ (\) 3 -'
~' () d" ~
(6'0~(1)
~ c -""'"
1)~~~
~t;o..~
->c()~
-1(/)0-
->(\)C(/)
o(J)~
(.t.).o~
C()
~o
(\) C
g-
o
C
(/)
(\)
(J)1:)N~
~..o %: 0)3
-0' :)-.
'i OJtO 5
:)~~:)
<8- I()
C. ~o'
$ ~.~
1:) !ft~.
.". 1:) (Il
-> ()
-.l
tv
<!\
",X) C.I ,,,,;,ll *
..:,ll C;,\ ,,\:,'"
Or.~1 CJ (;::J *
\""':\ C::J
t(t
;. \c::\~ \,\~ITE1)
~ \c::~\ .s~...,
'8 '" 1).
;\\,jl\~ ~
'i #f
t:!
"'t) I;..".. ,"
o (
g::,!~:. ::
t'f'
*
'"
~
n ~O"" ""
~~~ c
c: ~-lm;o
-4 ..... ~ ITI
(fl ....)10
)II ~~~ c:
r- ~~~ 0
0 If) f\J "'tl :r: .ern-n
....
% :r: C) 0 )II ." -l>-4
(') ~ rn :I: 1> ~a
-0 o:s ~ ....
-4 -0 o:s 0 I :: 0>-4
....<
:c rn c )( -4 l\l <>-4
t-4 % ,0 0 00 (iil;j
U) .
If) CJ ~ % CO ....c:
o:s (:) II'> 0)10
c:> zr
r- c V"J n ....
t-4 ,0 -4 ....
% (j) .. t:j $(
'" ~
V"J ITI
I/)
c: ~
~ If)
-4
-0 rn
l )>
0-.
""'"
-...I
f\J
,0 U'I
m ....t
-4 ........"" )10
."
)II 0'" n
~ -n;o 0
% )lo
t;j>-4 3
r- ITIVl 03
l;j1Tl% mO
0 c::S0 "'Cl%
s: om....
'" ....%..... >~
>-4....0 ;Om
;0 O. m -4>
z
"'Cl (fl)loo 3r-
0 r-n m-4
,0 )lor %:c
%0>-4 -4
-4 t;j:t:% 0
t-4 )lo:t:
0 3 > n "" t:S rn t:S )Io%m 0""
1/)0;0 ""
% > n 0 t-4 > (/) > Vlm>-4 "'Cl
~ % c: I -4 -4 -4 m .... :ern
." '" % m rn > m 1/)0)10
0 -i -4 1/);lO% rn%
:e n n ,0 n -< % 0 m :s 0 <%
)> C rn mt;jm mU)
:c c: ." %.....
-< ,0 3: (j) m 3 0 ....(fl.... %-<
0 r- ~ t-I n '" tj "" )lo)lo c:r-
~ rn If) or>< m<
c:: If) ,0 -4 ,c m m -nr >
,0 :e > 0
r- I rn "'Cl -4 ....:t: %
,0 rn )> ,0 )II :r: )10)10 t-4
% ~ >< ~~ )II
m t:l 0 -< )lo
n -0 "'T1 )> -l a ""'" n f\J (:) :r: ""'" mr-Jl
0 '" 0
;0 )> n r- c (:) C ""'" ....t ~ f\J 0
tj 0 :E ::3 ""'" :I: I -0 I
t-4 m ri" ~ (:) ""'" "'tl ~
U) .... n r- rn .... f\J rM C) ~
)II ;lO
....t 0 r- 10 ;0 I I % I '.:
(:) c (/) % a I C) f\J If) f\J
.... ;0 t:S .... )> C7'I (:) -i (:) T\.)
i ri"
~ -4 ;0 ri" % ..0 C) rn (:) J::)
10 CJ 00 to'"' rn f\J .~
:r: m D- r-
0 3
C t-4
If) -4
rn "'Cl
)II ~ ~
-< )>
3 ,0
rn :lO !:l
% -<
-4 ;
-4
0
...
rn
.. REV-1500 L\w
COMMONWEALTHO""NSYLV>N<A INHERITANCE TAX RETURN FiLE~N(iMilER~
D'PAR:~~,,~~;veN"" RESIDENT DECEDENT ! 21 01 0698
__ ___--.!:!~~IS8U!lG,~~~a.oeo_1___~_ _____,____ _______.___ ____ ____._ _______ "L___~~_~~c90E_._.!5~___~UMB~_____
-'iO-EcEDENrS'NAME(LAS-f,--FIRsr-,-ANDMIDI5lE'fNITJAll-- . ---,----- ---------' --', ----.- n__ SOClAL SECURify-NLfM8E~- -.._-- ----
HIPPENSTEEL, BARRY E. I 175-40-5042
r01\TnJFOEATH (MM"~DD~'i'EAR)---------- -I:JATE\}FmRTH-{M~-DD-'i'EAR:r-- ,---- -- - ,--- ---.-THIS.RETURN MlIST'SE FU..ED IN DUPLICATE WITH THE
~~~P~:;;A~~i) SURVIViNGSPOUSES NAME! ~~~,~i~~~ MIDDlErNjY..L)--------:--sc5CiALSE~i~~l,~~ OF WILLS____
INM, \
-----=--18-11. OriginafReturn- '"~----D--x2.' Supplemental Return "-- -'---'-Crx3.'-RemaliiaefRetumTCI8IeOraeatnpr!orlOf2~i3=lJ~---
4( V) 0 X 4 limited Estate [] x 4a. Future Interest Compromise (date of death 0 X 5. Federal Estate Tax Return Required
~ ; :It I . after 12-12~B2)
w.U I
:c: i 9: "0 X 6. Decedent Died Testate (Attacheopy 0 X 7. Deceden\ Maintained a LMng Trust (Altach
o Q. ID of Will) copy of Trust)
~ lOX 9. Litigation Proceeds Received 0 X 10. Spousal Poverty Credit (date of death between
___ " 12-31-91 and 1-1-95)
iTliI$~C'Tll:I",""'~Gi,jMjf~:~<:~~~~~~Eif~~ol'llolj(~SilQlliJ:l[~~~i~~~\ \2;=
IH~il~on C.Davis " " '. - - ICOMPlETEMAILIt~G-ADDRES5' . t....... .'.'"
FIRM NAME(lt'applicable} -'. -- ----I 20 East Burd Street Suite 6
I Zullinger - Davis, PC P.O. Box 40 '
'fElEPHONE NUMBE'--~ I Shlppensburg, PA 17257
I 717/532-5713 ______ I
-~----~._-".
1. Real Estate (Schedule A) (1)
Rn_nllO~I(.I'4If
ffi
o
w
~
"
....
"'z
::!w
","
OZ
ul(
2. Stocks and Bonds (Schedule B)
~
5
~
~
~
~
'"
3-. Closely Held Corporation, Partnership or Sole-Proprietorship
4. Mortgages & Notes Receivable (Schedule D)
5. Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E)
6. Jointly Owned Property (Schedule F)
o 'iSeporate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non.Probate Property
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H)
10. Debts of Decedent, Mortgage liabilities, & liens (Schedule I)
11. Total Deductions (total Lines g & 10)
12. Net Value of Estate (Line 8 minus line 11)
1/
OFFICIAL USE ONLY
@Ylp
~
8. Total Number of Safe Deposit Boxes
o X11.Election to tax under Sec. 9113(A} {Attach Sch 0)
(2)
(3)
(4)
69,000.00
4,417.28
32,500.00
OFFICIAL USE ONLY
None
(5) 7,159.60
(6) None
(7) -0-
(8) 113,076.88
(9) 11,222.55
(10) 4.837.21
(11)
16,059.76
97,017.12
(12)
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not
been made (Schedule J)
114. ~et Value Subject to Tax (Line 12 minus Line 13)
+-- SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
(13)
(14)
97,017.12
15.Amount of Line 14 taxable at the spousal tax rate, x .00 (15)
or transfers under Sec. 9116(0)(1.2) -_._-
z 16.Amount of Line 14 taxable at lineal rate x .045 (16)
0
!i -,--,
~
~ 17.Amount of Line 14 taxable at sibling rate .12 (17)
~ x
8 ---- ------
~ 18. Amount of Line 14 taxable at collateral rate 97,017.12 x .15 (18) 14,552.57
~
-","-- --,-._....-
19. Tax Due (19) 14,552.57
--- ~----
"d';; 'i;;:::-U\'i!\'
";1:
,"' 'i/!'+ p",
-." ('...,
CHECK HERE IF YOU ARE REQUESTING A REFUND QF AN OVERPAYMENT.
":;:iV:','~+;X'- L<Wi;\,:i.i, :.i\;
20. 0
. "-'~.Bl<liURE .TQ:AII.SVVER ALL QII1i:SUONS" O!IIlEVER~ESIDE ANO RECHECl< MAT\'<< <<) . ", .
Copyright 2000 form software only The Lackner Group, Inc.
",-;\}iF::',W
Fonn REV-1500 EX (Rev. 6-00)
Decedint's Complete Address:
STREET ADDRESS
35 Parsonage Street
CITY
-- -- -- -TSTATE
PA
'ZIP
17241
Newville
Tax Payments and Credits:
L Tax Due (Page 1 Line 1 g)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
Total Credits (A + B + C)
3. InteresUPenalty if applicable
D, Interest
E, Penalty
510,74
TotallnteresllPenalty (D + E)
4. If Line 2 is greater than Line 1 + Une 3, enter the difference. This is the OVERPAYMENf.
Check box on Page 1 Line 20 to request a refund
5. If Line 1 + line 3;s greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
B, Enter the total of Line 5 + 5A This is the BALANCE DUE,
(1) 14,552.57
(2)
0,00
(3)
(4)
510,74
(5)
(5A)
(5B)
15,063.31
15,063.31
Make Check Payable to: REGISTER OF WILLS, AGENT
l~_._1Im!l'1.1."lllllllf.Ii.._Il._II_IIm!l_BII..4_1_.
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;... -.................................................... 0 181
b. retain the right to designate who shall use the property transferred or its income;.......".......... 0 ~
c. retain a reversionary interest; or.. .................................... ....................... ..................................... 0 Dia
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?..................... ......................................,................... ............................... 0 Dia
o 181
181 0
IF THE ANSWlER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .......
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation?..... .......................... .......................... ...........................
Under penalties of pefjuiY~ldeClai-e that '-have examinBdlhis rerum, includl/,g acconi-l'8nying schedules and "statements, and to the best of my knOwledge and belief. it is We, carTed
and ciimplete:-
Declaration of preparer other than the personal representative is based an all information of wI1ich preparer has any knowledge.
SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN .--. ADDRESS . 452 Centerville Road -._-_._-~--- DAn~--'-
R~~'YG.HI}PENSTi" ^ M", L# fJ()f.g\'Z')J~
1'~s~S~~RN--AOllIrESl>-----OATE--
~DRESS
, ,
20 East Burd Street, Suite 6
P,O, Box 40
Shippensburg, PA 17257
'---'-~----
1I11}02
I
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the
surviving spouse is 3% [72 P,S, ~9116 (a) (1,1) (ill
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%
[72 P.S. ~9116 (a) (1.1) (ii)l. 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 dales of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one 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% [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%, except as noted in 72 P.S. 99116
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% [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.
.
SCHEDULE A
REAL ESTATE
COMMON'NEALTH OF PENNSYlVANIA
INHERITANCE TAX ReTURN
__.._~___~ESIDENT~ENT n____ _ ~ ______.______,,__~________ ___.~____ _________________..
EsiATEOF~- . -..--~----- _~U~_ ----TFILENUMBER------
HIPPENSTEEL,BARRYE. I 21-01-0698
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 selierl neither being compelled to buy or sell, both having
reasonable knowledge ofthe relevant facts. Real property wl1icl1 is jointly-owned witn right of survivorship must l)e disclosed on
schedule F.
ITEM
NUMBER
-.--f- 35 Parsonage sireet, Newville, PA 17241
(per attached appraisal)
DESCRIPTION
VALUE AT DATE
OF DEATH
69,000.00
69,000.00
TOTAL (Also enter on Line 1, Recapitulation)
'*
SCHEDULE B
STOCKS & BONDS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDeNT DECEDENT
_...,_.._---~--_.._--_._--- - -',.--'------- -'..---'.-'-..--'" ------~- ----'--..------.---------.-.----- ,-._---
ESTATEOF~I~PEN;~EEL~~RR;E:---------~- . ---- -~-IFILENUMBER----- ---
21 - 01 - 0698
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
-'ITEM~~- ----
NUMBER I
-1- TBNY Clearing Services LLC---
2 I Prudential Financial Stock
I
DESCRIPTION
I UNIT VALUE I VALUE AT DATE
-1 L OF DEATH
- 1------1 '-337~OO-
I
I 30.7615 4,080.28
I
I
1
I
I
I
I
I
I
I
i
I
I
I
I
I
I
i
I
,
I
I
I
._~-- ---.-------r-----..----
TOTAL (Also enter on line 2, Recapitulation) I 4,417.28
-.1_____ ___
'*
SCHEDULE C
CLOSELY-HELD CORPORATION,
PARTNERSHIP or
SOLE-PROPRIETORSHIP
COMMONIN'EAL TH OF PENNSYlVANIA
INHERITANCE TAX RETURN
______ RES1~~_~ECED_E~ ___ ____~____.___ _-----:--====-::-==:._:~_.::=--~==-------=-::===-_---=-_..~_.:...:J-__=_=___=_==_:..::::__===_:_~___..::=___---: ____
ESTATEOF~-----~---------- IFILENUMBER ~----
HIPPENSTEEL, BARRY E. 21 _ 01 _ 0698
-"--.-.-..-.---, -- --_.__...----._.-._.~- ----- - ._-_._----~-._._-_._---.._--_._--_._---
Schedule C-1 or C-2 (Including all supporting information) must be attached for each closely-held corporation/partnership interest oflhe
decedent, other than a sole-proprietorship_ See instructions for the supporting information to be submitted for sole-proprietors hips_
--'-- ,----._--
VALUE AT DATE
OF DEATH
------_._~-._._~._-----~--~-_.~~_.~~-----.~-----.~
50% General Partner Interest in PA General Partnership known as "Hippensteel's Auto Body". See 32,500.00
attached Schedule C-2 and attached valuation discussion.
ITEM
NUMBER
I
DESCRIPTION
----
32,500.00
TOTAL (Also enter on Line 3, Recapitulation)
*'
SCHEDULE C-2
PARTNERSHIP
INFORMATION REPORT
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
__1____
ESTATE OF
HIPPENSTEEL, BARRY E.
----~-_._._--_._--.._-
I FILE NUMBER-------
21-01-0698
-.1___ ____,____ ______
1.
Name of Partnership Hippensteel Auto Body
---'~
Address 6 West Green Street
City NewvTrr.;------ .--- St~;;-j>A Zip Cod;;-T7i4l--
-~- ----~._-- -.,-
Federal Employer \.D. Number 25-1445513
Type of Business Auto Body Shop
Decedent was a GJ General C Limited
Dale Business Commenced 1011/2083
Business Reporting YearCai.endar--
2.
3,
4_
Produc\lService Motor Vehicle Body RepairlPainting
Partner. If decedent was a limited partner, provide initial investment.
l
I
----,
Jilarry E. Hippensteel
I Richard G. Hippensteel
I
I
--TPERCENT OF II PERCENTOF'--j
I INCOME OWNERSHIP
r-SO%T 50% I
50% I 50% I
I I
I L __-.1
BALANCE OF
CAPITAL ACCOUNT
$8,832.00
$15,242.00
5.
PARTNER NAME
6. Value of the decedent's interest $32,500.00
7. Was the Partnership indebted to the decedent? 0 Yes IliI No
If yes, provide amount of indebtedness
_._---~ ---
8. Was there life insurance payable to the partnership upon the death of the decedent? 0 Yes III No
If yes, Cash Surrender Value Net proceeds payable
OWner of the policy
9. Did the decedent sell or transfer an interest in this partnership within one year prior to death or within two years if date of death was prior to 12.31.82?
DYes IliI No If yes, 0 Transfer 0 Sale Percentage transferred/sold
Transferee or Purchaser
Consideration
Date
Attach a separate sheet far additional transfers and/or sales.
10. Was there a written partnership agreement in effect at the time of the decedent's death? [J Yes II No
If yes, provide a copy of the agreement.
11. Was the decedent's partnership interest sold? 0 Yes II No
If yes, provide a copy of the agreement of sale, etc.
12. Was the partnership dissolved or liquidated after the decedent's death? 0 Yes III No
If yes, provide a breakdown of distributions received by the estate, including dates and amounts received,
13. Was the decedent related to any of the partners? IliI Yes 0 No If yes. explain Richard G. Hippensteel was a half brother
14. Did the partnership have an interest in other corporations or partnerships? Cl Yes II No
If yes, report the necessary information on a separate sheet, including a Schedule C.1 or C-2 for each interest.
A. Detailed calculations used in the valuation of the decedent's partnership interest. See attached.
B. Complete copies of financial statements or Federal Partnership Income Tax returns (Form 1065) for the year of death and 4 preceding years.
C. If the partnership owned real estate, submit a list showing the complete address/es and estimated fair market value/so If real estate appraisals have been
secured. attach copies. See attached.
D. Any other information relating to the valuation of the decedent's partnership interest.
.
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEAl,. TH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RES10!NT OECEDENT
ESTAfE-OF---====-C=~=_-n--=~==----='=C--- ---------cc==---=c--=----cc-I FILENUMBER-=--CC-=-=--==cc-
HIPPENSTEEL, BARRY E. I 21 - 01 - 0698
---- ---.--"- -- .._.,._---_...._.._.__._,_.._-,-~.__._----_._--_._- ._-----_..--,.---------~-,-
Include the proceeds of liligalion 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.
PersonaJ Property-------
(See attached appraisal)
VALUE AT DATE
OF DEATH
3,435.00-
ITEM
NUMBER
-1---
DESCRIPTION
2
Firearms
(See attached appraisal)
1,255.00
3
Cash in wallet at time of death.
292.00
4
Farmer's National Bank ofNewviIle
AccountNo. 6912834 (See attached)
2,173.40
5
Accrued Interest on 4
4.20
7,159.60
TOTAL (Also enter on Line 5, Recapitulation)
.
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESJDENT DECEOENT
I
------ _.__.__.-.~----_..._--_._- -------..---.- ---.__._.__._--~_.-
ESTATE OF
HIPPENSTEEL, BARRY E.
I FILE NUMBER
I 2\-0\-0698
I
,
I
- -- - Thlsschedule must beCorTipleted8nd flied if the answer to any of questions 1 through 4 on page 2 is yes-: -- ----
ITEM I --- -DESCRIPTION OF PROPERTY ---- -T~ATE OF DEATH I--;k-OFT--T
UMBER i Include me name ollhe tTansferee, their relatJonship 10 decedent and the date oflransfer. VALUE OF ASSET" DECO'S - EXCLUSION r TAXABLE VALUE
N _ Altachacopyofthedeedforrealestate. I I INTEREST I (IFAPPUCABLE) !
__--1__ -------'--. ~-,......-i---I-
I I Horace Mann Annuity I 20,151.24] 0%, '
. Contract No. 0504698720 (See attached statement) I ! I
: Schudder SEP Investtnent, Account Nos. 54-8919 I 620-6, I 13,864.41: 0%
52-89060358-\, 53-89191620-6
I (See attached statement)
The above items were Qualified Retirement Annuities and
I Individual Retirement Accounts. They all passed upon the
death of the decendent via beneficiary designation and are
thus non-probate. Because the deeendant was only 5\ at
his death, his access to these retirement annuities and
retirement accounts was restricted and subject to a federal
early withdrawal panalty tax of 10%. Thus, under
applicable Pennsylvania law, these accounts/annuities are
not subject to Pennsylvania Inheritance Tax.
0.00"
2
0.00
3
Horace Mann Annuity
Contract No. 0504702280 (See above statement)
I
I
46,306.851
I
I
0%
0.00
I
I
I
I
_____._~.___.-L__
TOTAL (Also enter on line 7, Recapitulation) I
\
__I
'*
SCHEDULE H
FUNERAL EXPENSES &
COM:-:'~=~~,o:';~~~~~';;"N,^ ADMINISTRATIVE COSTS i
RESIDENT DECEDENT I
----.---.--.'.---- ------,..--------'-- -~----,._----_.--- --- ----."---- - ~-------
ESTATEOF HI~PE~~~~;L~BARR~;,-~- ---- __~_u -- -U\FILENUMBER-c~======
i 21-01-0698
Debts of decedent must be reported on Schedule I.
UifEM-1 ------- -
NUMBER
~-+FlJNERAI. EXPENSes:
1 I Myers Funeral Home
B.
_._~.-L-
DESCRIPTION
--- -!AMOUNT ------
,
___ ___ __~_ ~____.___--1___~___
I
I
I
I
I
I
I
I
I
I
I
I
\
I
I
I
I
I
i
I
I
i
I
Total of Continuation Schedule(s) i 2,250.47
------- --_._._~-------+-----
TOTAL (Also enter on line 9, Recapitulation) I 11,222.55
2
Rick Hippensteel - Reimbursement of Funeral Meal
2,073.00
778.64
400.00
360.44
WAIVED
3,500.00
285.00
75.00
1,500.00
3
Sarah Hippenteel - Reimbursement of Funeral Expense (Down Payment)
4
Gingrich Memorials
ADMINISTRATIVE COSTS:
1.
Personal Representative's Commissions
Social Security Number(s} I EIN Number of Personal Representative(s):
Street Address
State
Zip
2.
3.
City
Year(s) Commission paid
Attorney's Fees Zullinger - Davis, PC.- Hamilton C. Davis
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
4.
City
Relationship of Claimant to Decedent
Probate Fees Hamilton C. Davis
State
Zip
5.
Accountant's Fees
6.
Tax Return Preparer's Fees
7.
1
Other Administrative Costs
Legal Advertising - Legal Journal
2
Reserve For Contingencies and Closing Costs
.
Schedule H
Funeral Expenses &
Administrative Costs continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
_,.__.__.____,_ ___ _______,_____._.._.,.______ _".___.______.___u ____..___._.__ ._______...._ _ _ _ __ _ _ _____ _ __
ESTATE OF HIPPENSTEEL, BARRY E.
.--------.--~.-------.TFiLE-NuM8ER-------- -----
____~__~-01~628_ ___.__
- -3 ISafe- r-::zo~~-----.------- ------
I
4 I Diversified Appraisal Services
65.00
1,050.00
5
Legal Advertising - The News Chronicle
110.47
6
Richard G. Hippensteel- Reimburse Exector's out of pocket expenses
955.00
7
Dennis Gotshall - Appraisals
70.00
Page 2 of Schedule H
'*
SCHEDULE I
DEBTS OF DECEDENT, MORTGAGE
LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX-RETURN
R.ESlOEN"I' OECEOENi
-----..~._---.--,~---.--.-.-..,.---------"-.---- - -------_____ ~_..._ ___ __________ _____L-- _______...__~.__._._._.._____._
ESTATE OF --~---------~-- --- --- --------~TFiLE NUMBER--- -------
HIPPENSTEEL, BARRY E. i 21 _ 01 _ 0698
-'~-------'----'-----'-'------'---------'-'-
Include unreimbursed medical expenses.
ITEM
NUMBER
I
---~----- -----------~-----~----~--.---- --- -------
DESCRIPTION AMOUNT
ComcastClible Company--
2 2001-2002 School Real Estate Taxes
3 Fleet Credit Card
4 Sunoco Credit Card
5 Adams County National Bank
Line of Credit Account No. 6912834
6 Newville Ambulance
7 Utility Expenses
8 United States Treasury (Decedent's 200 I Income Tax Liability)
9 Pennsylvania Department of Revenue (Decedent's 2001 Income Tax Liability)
10 CTCB (Decedent's 2001 Income Tax Liability)
-____L-_____~___~__
TOTAL (Also enter on Line 10, Recapitulation)
~- 23:06
624.35
280.80
20.00
2,409.01
181.05
908.94
138.00
120.00
132.00
4,837.21
REV-1m EX. ('-DOI ...
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
1 TAXABLE DISTRIBUTIONS (include outright spousal distributions)
Travis Flaharty
14414 Spring Road, Shermans Dale, P A 17090
I
2 I Allison Walters
19 Fordes Edge, Royersford, P A
I
I
19468
3 I Thomas G_ Lehman
1314 Doubling Gap Road, Newville, PA
17241
II.
lB. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
I
I
I
I
I
I
I
I
I
, TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
-~-----~----------------~--
lOOZ: '(:[ A 1l1f
dO SV
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
8~L<:-6vZ: (Lid
Z:~Of-nOL I
VlNV A 'L\SNN3'd '3''1SITIlV:)
101 nms '.LtlffiI.LS HDIH .LSVtl
S'iIJIA~3S 'lVSIV1IddV Offi.iIS~MIQ
3'lOOd '3' A~'1
All
'13'3'lSN3:ddIH 'tI A~ll .iO tI1V1Stl 3lU
~Od a~ dffiId
VlNV A 'L\SNNtId 'tIT1IAM.3:N
13ffiI1.S 3DVNOSWd ~t
1.V OtI.LV:)O'1
DNI'1'13.A\O All.WVd-tI'1DNIS V
dO
1.~OdffiI 'lVSIV1IddV
i
z
j
I
I
000'69$ :NOIS[1iJNOJ illY1\'1\ '1VNId
YN
B::>VO~ddV 3:WOJNI
I
l1!lll1AlhSUU~d '~ll!M\;)N
1~;:JJ1S ;:JllllUOSJl1d ~ E
:NOlIV::>01
I
I
I
I
I
I
I
I
I
I
I
I
I
I
000'69$
:H::>VO~ddV S3.'1VS
000'Z8$
:HJVOllddV IS OJ
.~~U;:JP!S;)J ^l!UJ1lj-;:J{llU!S 11 Sll ;)s[1
:3S[1 1.SlIg <INV 1.StlHOIH
. [OOZ 'Z1 h[nfJO sy
:3.l.va 1Ii\UJ3..HII
.~J;:Jqwnou;)un
Sl1 hU;:JdoJd l:l~fqns ;:J'llJo ~nJ1!A l;):l\J1lW ;:Jl{1 ~lllW!lS;:J 01.
:1Ii\UJilllIO
.p;)fqns
~l{1 JO uO!ll1n[1lA ;)l{1 01 lUllA;)I;)J ~SOl{l JO UO!ll1~![ddll
;)'ll pUll ';)n[1lA 01 S;:J'l~llOJddl1 ;:J;)J1j1 \Ill JO UO!lllJ;)P!SUO:l
';)sn lS;:Jq pUll lS:J'lZl!1j S .hU;:JdOJd ~'ll jO UO!ll1W!lS;:J
Ull ',\lJ~dOJd l:J;)fqns ;)'ll JO UO!p;)dsu! Ull '1!:JJ1l s.l:l~fqns
;)l{1 JO S!SAj1lU1l U1l p~pnplI! 1U:JuruZl!SSll ;:J'll jO ~do:ls ;)ljl :lNtlWNDISSV tlHl dO IIdO::>S
.t1LL-N-t1E ;);)u~J~J:JJ ~;)P uo P;)Jj;:JjSUllJ1 d!1jSJ;)UMO
pUll 000'Z9$ jO UO!lllJ;:JP!SUO:l p~uod~J 11 JOj 0661
'I AllW uo p;:Jsll'l:lJnd SllM hU;)doJd ;)ljl .!;);:Jlsu;:Jdd!H
.II .<JJ1lg jO :l1111S~ ~ljl hq p:lUMO S! ,\lJ:ldOJd l~;:Jfqns ;:J'll
:}'~O.lsrn dIHS~3NM.O
.1S;:JJ:llU! ~ldwls ;:J;)1I
:SlHOlli }'l~3dO~d
.ZlU!lPMP A(!WllJ-;:J[Zlu!s V
: SlN3:WtIi\O~dWI
080-p~L 1 -oz-a
:~3.a:wnN 13.JW d XV l
SNOISn'DNUJ mrv S.L:JVJ. l.NV.l~OdWl 110 XHVWWllS
i
f
i
i
I
I
I
I
I
I
I
'1-t>IOOOO-YD
1::ls!'31ddy l111::lU::lD p::l!J!l..I::lJ
:ljOO:1 'a A.J.II11
~~7?
"U!:ll::llj P::lU!\lIlO
SUO!j!PUO;) 'ilU!I!lli!1 pUl11U::l'ilU!lUO~ ::lljl 01 };)::lfqlls '::l(OljM 11 Sll p:ls!'31ddll SIlM Ajl::ldOld :llj1
000'69$
S1N110a GNVSIlOH1 3NIrhUXIS
:S! 100Z
'z ( Alnr JO Sl1 ::lIlJll A l::l~ll1W ::lljl uo!u!do AW U! 11lljl pUll 'p::ljlOd::ll ::lIlJllA ::lljl uodn lU::l'ilu!luOO
sl UOlll1SU::ldwoo ::lljl 10U JIlS!lllddll S)ljj ::l~W 01 lU::lWAOldw::l :lljl l::lljl!::lU l11ljl pUll '};)::l1100 pUll
::l11l1 :llll llod::ll S!41 U! P::lU!'3IUOO SIU::lW::lIllIS ::lljl J::l!l:1q pUll ::l'ilp::lIMO~ AW JO IS:lq ::lljl 01
"llU!llll!ll::lqJO ::lOllld ::lljl III 1::l::llIS ::llll1UOSllld ::lP!M.l::l::lJ OS JO ::lUll Ul::lqjlOU ::lql
uo u!d U01! Ul1 Oll;)::lJ 881 JO ::lOUlllS!P 1llS1l3 S::l::l1'll;,/p I Z ljlllOS Wllljlllf) "d"J JO A(l::lUllOJ 10 MOU
PUllI P!'3SJO ::lU!1 'ilUO[1l ;)OU;lljl ~Wllljl11D 'd"JJO A(l::lUllOJ 10 MOU pUll 1::l1!0 ::l::l1"3JO AI1::lWlOJ
10 M.OU PUllI P!'3S JO l:lUlOO 11l1U!od 11 Oll::l::lJ Ot> JO ::lOUlllS!P lllSll3: S::l::l1'll::lP 69 ljlloN A::lIIV
lj~lIIljJ :lPlM 1::l::lJ OZJo ::lU!1 W:lljlnos ::lljl uo U)d U01! Ull Oll;l::lJ 881 JO ;lOU111S!P 11 IS::lM. S:l::l1'll::lP
(Z ljjlON H: "ON 10'1 P!'3sJo ::lUH 'iluOlll ::lOU::lljl ~ff "ON 101 Sll UMOID[ S::lW!l::lWOS Wlj::llij pAOIJ
JO Ajl::lWlOJ 10 MOU PUll[ JO l:lWOO III u!d U01! Ul1 01 1::l:lJ 017 JO :lOUlllS!P lllS:I M. s~1'll::lp 69 ljlnos
1:l::llIS :lll11UOSllld ::lPlM 1:l:lJ OS Pllls JO ::lUll W::lljllOU ::lljlllUOJll llu!llll!ll::lqJo :l~llld ::lljl III u!d U01!
P!l1S wo.y :l::lU::lljl ~Ul1lljlllf) '..1"JJo AJl::lUllOJ 10 MOU pUll 1:l1!0 :l::l1"3JO Ajl:lUllOJ 10 MOU 101J0
j::lUlOO 11l1::l:lljS ::l'ill1UOSllld ::lp!M. 1::l::lJ OS JO ::lUll W::lljUOU :lljl uo Uld UOl! Utllll 'ilU)UU!'il::lg
.
.
.
:Al..I::ldOld p:lqpOS::lp llU!MOlIOJ ::lljl p:l};)::ldsu! AIll1UOS1;ld p::lml!Sl::lpUn ::lljl
.
I
I
:SM.OIlOJ Sll p::lq!.l~S::lp pUll p::lpunoq '1l)Ul1^IASUU;ld 'Aluno:)
pUllJl;lqUlII:) ';lIl!AM;lN JO qllll010g ;lljl U! :ljlln)!S PUll{ JO pOllld 10 ;lO;l!d U!llll::lO 111ljl lIV
"la3.LSN3ddlH "a AmIVa .10 3:.LYlSa 3:Hl
:Aq UO!llln[IlA 10J UO!IIlO![ddll uodll 11lljl hJ!ll;lO Aq::ll::llj I
I
NOI.LV:)I.fi.L1l3J 1YSJVllddY
I
I
.
I
v
i
i
i
i
i
I
"<lSn lS<lg pUlllS:lqll!H Sl! S! p:lfqns <lqlJO <lsn lU<ls:lJd <lqt 11l1lt uO!ll!do
AUJ S! l! 'l1:lJll pUll 'pooqJoqqll!<lU '<It!S :lql llu!<l:ls J<l\J1l pUll UO!I!llY<lP :lhOqll <lql UO p:lSl1g
I
I
"p;lJ<lp!SUOO <lq 10UU1l:> UO!tU<llU! <llll 'uOSJ<ld J<lqlOUll JO !:>ll U!1lll<lOUn
Ull UO lU<lpu<ld<lp S! <lsn P<lPU<llU! <ll{l J! 'oSN "UO!lllJ;lP!SUOO UJo.y p<lpnpx<l <lq Plnoljs '<lJqllqOJd
Alql1UOSll<lJ <lq Ol UMOqS AP!1lJ IOU <lJll '4mq!ssod JO UJlll<lJ <lql U!l{llM :l1!l{M 'tp!l{M S:lOU<lliOOOO
JO UO!lllU!qUJOO 1l JO SIU<lA<l uodn pU:ld<lp lll1l1 <In[1lh llU!P<l1J1l stU<lUJ<lP 'J<lA<lMOH
I
"<lJntry Jll:lU
<lNllUOSll<lJ <lql U! 'pUllUJ<lp U! <lq 01 AI<l,!!! JO 'p<lp<l<lU pUll p<lldllpl1 S! All<ldOJd <ll{l qO!l{M. Ot <lsn
snOnu!IUOO <llqlllYOJd lSOUJ pUll IS<llllllq <ll{l UO p;lSllq <lq AllUJ :lsn lI:>ns JO uO!ll!do ;)ljJ. ""lnd <lq
Ull:> All<ldoJd II l{O!l{M 0) <lSn AI;)'!!I <lNlllYOJd lSOUJ <lljl" Sll '<ll11t!lSUI [1ls!1lJddy ;)l{l Aq P:lljS!Iqnd
',!OOqpullH pUll AllOIOU!llll<lJ. !1lS!1lJddy :lljt Aq P;)U!J<lp S! ;)Sn IS:lg pUll IS<ll{ll!H
I
I
:!lSll .LS3U <INV .LS3H~IH
I
"<lJnss:lJd IllUJJOUqll J:lpUn llu!<lq J:lljl!:lU 'Anq PlnoM. J:lAnq
llu!IllM II pUll IPs PlnoM J;)I!<lS llU!ll!M 1l l{O!l{M III <lo!Jd <llll Sll Ol p:lli:lJ:lJ S! l! 'Al)u:lnb:lJd
I
I
"p<lsn llU!:lqJo <l{qlldllO S! l! 1I0!lIM JOJ pUll p<lldl1pll
S! I! l{O!l{M Ol S<lSn :lql [[1l JO <lllP<lIMoulj 1I1lM sAnq ollM J<lsl1lj:>Jnd 11 llUlpUg <lUJ!t :llqllUOSll<lJ
II llu!MOllll 'l<l'lJllUJ u<ldo <lllt U! <lIIlS JOJ p<lsodx<l J! llu!Jq IllM All:ldOJd II ljO!ljA\. A<lUOUJ
JO SlUJ<l1 U! p<ll1lUJ!IS<l <lo!ld ;)[qllqoJd lSOUJ :lql S! 'sllnoo :lqt Aq paugap Sl1 'anlll A 1:l'lJllYll
'lVSIVlIdcIV 3H.L .!lO 3S0cIHllcI
I
I
I
I
"[OOZ 'zr A{nrJO
Sll AlJ;ldoJd IO<lfqns <ll{l JO an[ll A 1<l'llllW <ll{l <llllUJ!IS<l Ol SI [IlSIIlJddll S!l{l JO :lsodmd <ll{J.
s
.100Y :ll:llOUOO ql!M 'Splfql-OM1 AI:llIlUl!XOJddV :lU:lUJ:lSllg
.UlOOlqlllq pUll UlOOJ AJpUnlll 'SUlOOJpOXl :l:lJq.L :lOOjd PUOO:lS
.U:llPl!l\ pUll UlOOl l5U!U!P 'wOOl l5U!^!'1 :JOOI;l 1SJ!;!
:swomI
POOD :lO!l:llUI
POOD :JO!J:llXa
:NOlllaNO:J
.:lptull :lAOqllll:ll1l l5U!A!1 sso.Ill JO l:l:lJ :llllnbs <:of:' [ ^1:llllUl!XOJddll
llu!U!'llUOO llu!II:lMp ^[!UlIlJ-:llllU!S p:lqOll1:lp AJOlS-OM.L :NOIlcillI;)Saa 'T\tlI'iIN'iID
SJ..N:JW:L\Olldl\lI 1I0 NOIJ..dIlI:JSClU
.pooqJoqqll!:lU :lqllnoqllnOlql1U:lP!A:l S! dfqSl:lUMO JO :lp!Jd .:lUON
S~:JN~n~lI~~VJ..NCI~J..~U
.sqnJqS pUll S:laJ1 'uMll[ pappos 1l q1!M '1l:lJIl :lqllOJ IIlO!dA.L
:DNIdV:JSaNV'1
.A1!l!ln O![qnd
:'d'iI.lV M.
.A1![!ln O!jqnd
: S'd'iIMaS
,881 x ,017
:azrs .L0'1
Il!UIlA[ASUUad
:alV IS
pUIl[laqwn:J
: AINflO:J
:lfi!M^:lN
1:l:lJ1S al5IlUOSl1ld S \:
:SSffimGV
I
I
I
I
:HDOO'dOS:
VJ..VU ~J..IS
9
'pOll'lpOUlOll h\OllOl\dUlO:l UOlOlq seq ~U!IIOlMp OlLl.L 'hjlOldOld
~U!llO!l:JUI1J pUll OllllnbOlpll Olq Ol ~u!JIlOlddll SUlOllShS \ll:l!llllq:l<lUl qllM '10f-!0llJ(0l OlLll UO pUll lOf-!OllU!
<lljl UO UO!l!PUOO pOO~ ul Olq Ol POllOlP1SUO:l Ollll SlUOlUl<l^OldW! OlLl.L :NOl.LIGNOJ Tv"d3N3D
'~ulPI!nq aSlllOlS uapOOM 11 S! Ollls :lql uo palll:lOj osrv 'S:lq:Jlod p:llOlM:J lllal pUlllUO~ :lJll al:lljl
pUll u:lq:llfl\ :lql ul OlMlS ~u!lllnqpooM qlJM :l:JIl[dOllY OlUOlS Il S! :ll:llj.L :-a::llUO
'Olladwe-ooz '1.uOllSAS 1:l)f1l0l1q l!n:ll!J
: :mI.LJ313
':l!Jl":I\a 'uOI\ll~-ZS
:llaLVM .LOH
':If-!):J:l\<l 'pJlloqaSllS:
':J!lSll\d pUlll:lddO:l 'U01I
'(:lalS pUll pOO M
pooM
pooM
':I:l:l!d-OM.L
Al!llllA
'l:lMOqS L1lJM 'u!-l!!ns:
'POllu!1ld 'I\llMAlQ
jhU!A
'\Ol:llS sS:I[u!1llS '\Moq-:lNnoQ
IAU!A
'palu!1ld'I\llMAlQ
Ull!JoJ
'p:l1.[S!lllIlA pUll POlUllllS 'poo M
'POl1/S!lllllA pUll POlullllS 'pooM
UIlMAlQ
l\llMAlO
l:ldJBJ
:DNI.L V3H
:1lU!qwnld
:suwn(oJ
:SWllOlS:
:Slslof
:NOI.LJn-a.LSNOJ
:l;lSOp l:llllM
:AiOlll^ll'l
:qmljlllS:
:sl\llM
:~UJ100[d
:woomuvs:
:){U!S
:~uJ1ooH
:sl[llM.
:sl:llUnOJ
:sl:lUlqllJ
: N3HJl.DI
:UI!Jl.
:s~ulI!aJ
:S\\llM
:~U!lool'{ :SWOO-a '1V dDNrnd "lIOnI3.LNI
'lnoqSnOlql UO!)llU!qwOJ
\lll:lW
'POllU!1ld 'wnu!Ulnrv
'SMOPU1M lU:lUl:l:Jlljd:ll :lUlldOlUJOlljl PllP-IAU!A
'q:Jlod 11l0l1
:11/) )11 pUlllUO~ :lljl UO )j:l!Jq :lWOS qllM '~U1P!S \AU!A
:lUOlS
:S)!lln WlOlS
JOo-a
:sl:lpnD
:qSllS
:Sj\llM
:uopllpuno,{
:-aOnI3:.LX3:
L
000'Z8$ :Ol p:lpunolI
016' 18$ :q~llolddy lSO:) hq :lnlll A P:llll:)!PUI
OOO"OZ
OOO'Z
016'6~
OL6"61-
08S'6L
oon
OL9'~
t'1O'9
969't'9$
:;m\llA :ll!S p:ll11lU!lsg
:"S! Sll" SlU:lUl:lAOJdUlI :ll!S "~s!W
:SjU:lUl:lAOldUlIJO jSo:) P:llll!:):lld:lG
:uO!lll!:):lJd:lG
:M:lN lSo:) P:ljIlUl!jSg (lll0r
::l:)llld:llH
: ":lj:l 'so!llld 'S:llj:lJOd
= f~"Zl$ @ "1:1 "bs 08t' :jU:lUl:lSllH
= 69"6v$ @ "1:1 "bs zon :llu!lI:lMG
I
I
I
"SlOl:>llllUO:l [Il:lOI ql!M P;lY!J;lA PUllll;llll [Il:lOI :lql Ol p:llsnfpll ':l:)!J\J:lS uO!llln[ll A
l[llljSlllJ\[ UlO.IJ UO!lIlUllOJU! 'Bu!sn ~lllUl!lS;l SllM SlU:lUl:lAOldUl! :lljl JO M:lU lSO:l ;lljr
I
":lllllS:l [Il:ll :lql JO UO!lll:l!PU! :In[llA II U)1llqo Ol p:lppll S! SlU:lUl:lAOldUl!
:ll!S p:ljll!:l:lld:lp JO ;In[llA ;lql pUll PUll] :lqr "p:llll!:l:lld:lp :llol)lsqns 1l JO lSO:) ;lql lU:lS:lld;lJ
OJ p;ll:lnp;lp S! ':ljqll:l!!ddll J! 'uo!lll!:):lJd:lp IIlW:llX:l pUll ;l:lU;l:lS;l!OSqO [IlUO!l:lUlY 'u0!llll0!.l:ll:lp
jll:)!Shljd Ol ;lnp :In[llA JO sso'1 "p:llllUl!lS;l S! 'M;lU J! Sll 'SlU:lWMOldUl! :lljl JO lSO:l :lljl.
"P;ll;l[dUlo:) :llll SUO!l:>uty llu)M.olIoJ ;lql ';llnmsqns II 'i:lu!p!^old JO lSO:> :lql 'BU!lIlW!lS;l uI
I
I
"AllIIjn lllI!UI!S
ql!M h)J:ldOld ;ljOl!lsqns II 'i:lU!P!AOld JO lSO:) :lljj Ullljj :llOW ou hlld lHM l:lhnq P;lUllOJU! Ull lllljl
s;lsodOJd q:llljM 'uo!lnmsqns JO ;l!d!:lu!.Id ;lljl UO p:lSllq S! ;lnlllA Ol q:>lloJddy lSO:) :lljr
R:JVOllddV ~SO:J :iR~
I
I
I
I
8
"000'69$ S! q:l\lOlddy UOS!llldUlOJ s~IIlS ~ljl Kq 4I~dOld p~fqns ~qlJo ~nlIlA PJll1:)!PU! ~qllllql
uo!u!do p:lJ~P!SUOJ S ,J~s!IlJddll ~ljl S! l! 'Slu~lIIlSnfpll KmsS~JJU <lql JO Ijl! iluPfIllIl J~YV
"p~fqns Jql JO ~n(IlA P<llllJ!PU! <lql ilu!sIlJJJU!
snql '~plllIl S! lU~wlsnfpll (+) snld 1l '4I<ldoJd lJ~fqns <lql 'U\lql <lIqIlJOAllJ SSJI JO 'ol JO!l~JU!
S! :ljqllJlldwOJ :lqlll! lII<ll! lUIlJg!llS!S Il J! ~lJ<lfqns ~ljl JO :mlIlA p~lIlJ!PU! :np SU!Jnp<lJ snql '<lplllIl
S! lU<llIllSnfpll (-) snu!W Il '4I<ldOld p:lfqns ~ql 'Ullljl ~IqllJOAIlJ :lJOlIl JO 'ol JO!J~dns S! K~dOld
<l{q1l1IldlIlOJ <lql U! W~l! lU\lJg!llil!s Il J1 "s<l!ll<ldold <l{qllJlldlIlO::l pUll p~fqns ~ljl U<l~Ml<lq
UO!lIl!lIlA lU\l:J!I!ll5!S JO SW~l! <lSoql 01 UO!l:)ll<ll l~)jllllIl ilU!P~U~l Slu~wlsnfpll JIlIlOP ;!JIl <lillld
S!ljl SMoIloJ lllql UllOJ S!SAIIlUV uos!llldwoJ S;!J1lS ;!ljl uO "<lnIIlA JO uo!u!do [Ilug s!lJ III SU!A!lJIl
U! S<ljl!S IIlUO!l!PPIl jl!l~A;!s P~l~P!SUO:J OSjI! 'p<llS!( S<ljl!s <lql 01 UO!l!Ppll U! 'J~s!Illddll ~ljl
"lOOJ <llllnbs J<ld 8~"9v$
"l<l;!J ;!Jllnbs 98l:' [
006'6S$
"100Z; '6 hllW
"<lIl!AM<lN 'l;!<lJ1S P(;!!J.l!lld 901
"IOOJ <lJ1lnbs l<ld ve8($
"l;!<lJ <llllnbs 9(6'1
OOO'~L$
"\OOZ; '6Z; aunf
"<lIl!AM<lN ';!nU<lAY ilu!ldS il!a "M. vOl
"lOOJ ;!JIlnbs l:ld L9"ES$
"l;!;!J ~lllnbs 91 ['[
006'6S$
"lOOl: 'aJ<lq=ld;!S
"~Il!AM~N ':mU<lAY lluiJdS ilm "3 Ol:
:<l:)!ld l!Ufl
:<lZ!S
:;!:)!ld J[1lS
:<l(IlSJO <llllQ
:uO!IIlJO'1
:( "ON 3'1VS
::lO!ld l!U[l
:<lZ!S
:;!:)!Jd <l[IlS
:~{1lSJo ~IIlQ
: UO!lIlJO'1
:Z; "ON 3'1VS
:OOiJd l!llfl
:<lZ!S
:;!JiJd <l!llS
:~j1lS JO ;!lllQ
:UO!lIl:JO'I
: { "ON 3'1VS
:SMOIlOJ SIl Sl J<ls!IlJddll ~ljl hq p~l<lP!SUO::l s~llls <lqlJO ~lIIOS
JO <llIlnS;!J y "<lnj1lA lJ;!.lJ1l lqll!w lllljl SJOl::lIlJ l;!ljlO 1j1l SIl ((<lM SIl 'UO!lIlJO[ '<lZ!S ';!IIlS JO :llIl!l
01 SIl <l!llS :l\QIlJ1ldwO:J q::l\l;! UO ;!PIlW <ll<lM SlU<llIllSnfpll pUll u<lA!ll SIlM UO!11l1:lP!SUOJ
",()l:ldOJd lJ~fqns ~qlJO Il~JIl ~ql U! PIoS ~Allq lllql S<l!)l:ldOldJo ,(~Ams
Il ~plllIl l:lS!IlJddll :lljl '4I~dOld ):J:lfqns ~qlJo ~nlIlA <lql JO uo!snpuo:J S!lJl re llu!A!lJIl Ul
H3VOHddV NOSIlIVdW03 S:I1"VS
006'L,$ .'
OOO't+
OOS:'l+
OOS:+
000'9-
OOO~I-t
000'(+
OOO't-
l-SnfpV$
.': ,. :....
~.'
.rn1~S
3UON
.rel~s
''lp~ p<XlM "q~JQd
3:a1tR2Jm".~
.l!l? loq p~OJOJ HO
.rel~S
.re,~s
l~J ~.nmbs 98t'l
%1 t &
({tEa: 'p;a 'lO~
JeI~!S
sre~..( 101
SUW!SlhU!!\.
l"P-!=" .uo,..t
,61I X ,'f
.l1rlflU!S
10-6-,
YHd
NOl.Ldfll;)S30
o:lmotpmo,:) ':i S'lN" UlG)d~;)
&,'9\1;
006'6,$ I
~mM\3N
l:JaJ1S P!~Y1!1?.:J 901
[# 3.18V1IV dWOJ
6
000'69$ :AUl3.dOlId ~J31ffi1S .'10 ill11V A G3.l.VJICINI 1VNI-l
00n9$
OOL'OI+
.'
J'E'I~S
OD~'I+
~UON
J1?I!lU!S
oo~+
's:lq;)JOO OM 1.
.nr1~S
.l!~ lOll pa::lJOJ I!O
.reI~S
It!1flU!S
OOL'tr-
paJ anmbs 9€6' (
f 9
</leg 'pog 'loL
JeI~S
SJtl3,(III
~UW!'S \Un~rv
.re1!lU!S
,0,1 X ,ot
J8l~S
lo-6t'9
.UON
'"nfpY$
NOILdfll;)SaO
~oql..I00;) 'B Sly..:: ~d ~
'CSf$
i
OOO',L$
~fI!AM.3N
:mtr.=)A\>' 3~S 5!g"/Y1 tal
l# 3.1EIVW dWOJ
~
00['69$
.:
==
DOt'Of+
.rer!W!s
OO!;"l+
OUON
J.\lHUl!S
lVI!U1!S
JVIf1U!S
J!t! loq ~Oj no
Jtll1W!S
JllIfUl'!S
OQL'(+
ooo't +
'P:tJ ;.nmbs 911'1
t ,
000'(+
</leg 'P"ll -loL
.m1!Ul!S
s.It!3'\ 101
8UW~s wnu~wnrv
'J~!W3S AwlS-t
,on X St
.reIflU!S
ro-Lt-6
"""N
.tsnfpv $
NOILdnI;)S30
3S00qunO;) W SiN utt)d I~:>
L9H$
i:
006'6'$
~n~"""~N
:m~AV 8~S 5'!H"3 oz:
{# tI1HV1IVdWO;)
SISA1VNV NOSmVdWOJ S31VS
.' .
.
..' -.'
P"'"PO""'ll
'A1S "i:lwqpM. 'l! ":llo..I
llOFI"J
<All JOJ 1ll'.:l!dAJ.
,",?J!nq
:1~tlJ01S 's:npJOd OM.~
'UON
.:l!-IP"p~
~1lnAV
~~q tit
l~J ~.rnnbS' WE'.
f 9
lIl-eg .p~ 'lO~
POOl)
s.m;Af6
8u!p!s [,(~A
p~qm;Jp h.JolS-Z
.881 x ,Ot'
afhuMV
W-n-Lolo SV
i .
-'::'.. "':', '.' ..'....
NOl.Ldfll;)S:m
UO!pOOstq
YN
YON
. '. ..'
31f!AM"N
l~S 3~m.ws.md H
l.J31anS
P<>!qns JO
.:mlR A POJlWO!PUJ:
fItJOl) ".PV F'N
(-SU!13VOtlJQJ "<i!nb3 i
~q"IP1':a';) ,gtp()
(,,.,.',,,",d
Sl.l.t11}lU:J!:'l!lJ3:
,Oj~u3:I1!~;KfS
'O}a'sfood
SO!I1l'd~d
110l1.Jt;J/aiJtueO
'auHOO;) I ~!I1l';H
Almlf1 l\m()rpun~
"PlUf) MOI~ SUIOO"H
~S~lWlWW~
ll'aJV ilu~n ssOJQ
IUno,) UiOO'ij
"Pll'JD :lA<HN
t10!J.!PUO;)
.!tv
UO~Pnl1Sll0;)
Ill'::xidypm u1i!s;)Q
M3~A I "l!S
uo!l'll~
Q~.L I ;.\1l!S JO "rea
SlIO!SS3.:lUO;)
8u!.:ltreUJ.:I JO ~lll'S
SLN3J'tiSNQ\i
~noSlllBG
V10 "1:!'bs i""!-ld
;:'l!Jd 3[1?S
J:Xilfqns 01 AJ!W!"o.JQ
SSaJppv
WRlr
01
000'69$
SWTlOG aNVSflOH.l aNIN- A.lXIS
:S! '100Z '1:1 AlnIJO Sl1 'Al.I:ldOJd ~:lfqns :lqJJo :In(l1A J:l){ll1W :lqll1lql uo!u!do pU1! lU:lW~pnr
P:ll:lP!SUO:l S ,1:ls!1l1ddll S!4l S! J! 'S!SA(l1U1! pUR (l1S!1l1ddl1 s!ljl JO llns:ll 11 Sll ':llOJ:ll:lq.l
"l:l)jJIlW :lqJ U! Sl:lIl:lS pUll Sl:lAnq Ill::>!dAl JO SUO!l::>1l:l1 :lql Sl::>:llJ:ll
l! :lSn1l~q :l1q1l!1:l1 JSOW :lql S! q:lllolddll s!4.l "uos!1l1dwo:l l:lpUn lU:llS!SUO::> lSOW :llll s:l::>!ld
s:l(l1s p:lJsnfpll:l4.l "Il:llll 11l1:lU:l1l aWllS aql U! P:lll1:l01 :l11l q::>!4M JO [(l1 'J:lafqns :lqJ JO lllql Ol
lIl1!W!S sa!ll:ldOJd JO sajlls lUa::l:ll (l11:lA:lS uo pasllq SIlM q:J1101ddy uos!1l1dwoJ S:l(l1S aq.l
"q:l1101ddll s!4l U! apllw :lq = lU:l~pnr U! SlOlla alOW asn1l:J:lq Jqil!aM
ssa( UaA!lIlnq 'paplll~alS!p lOU S! q:l1l01ddllls0::> aquo an(l1A aq.l "Alladold aquo lU:lW:l:lllldal
11l:J!l:lqJodAq ql!M ump Sa!l!1laWll ql!M paUla::>uO:l alOW alll Alladold pafqns aql JO (ll::>!dAJ
~u!llaMp JO adAl :lqJ JO Sl:lSllq::>lnd "Al!J!ln pUll Al!l!q1l1!Sap 11lnb:l ql!^\- Al.I:ldOld :llnJ!lsqns
1l :l:>npOJd OllSO:J :lql U1!ql Al.I:ldOld 1l 10J alOW Alld II!^\- uosl:ld lU:lprud ou :lSnll:J:lq 'AI:ll1l1n:l:l1l
palnily a11l sluawaja 1(l1 J! aJllW!lSa lUana:Jxa U1! U! llnsal I!lM q:l1l01ddy lSOJ aq.l
"SUo!snpuo::> IllUfll!lo aql p:lWlYUO:J Sllq uO!lllu!1J11lX:lal S!ql
l1lqlja!laq Am S! II "Pooqloqqil!aU S!4l U! All:ldold adAl S!4l JO Sl:lSllq::llnd (l1:J!dAuo apfilpl1l :lql
~alJ:ll Alalllln::>::>1l suo!snpuo::> :lqJ aA:l!laq I PU1l 'poqlaw q:J1la U! dals q::>1la pau!1J11lxaal AIlTY:llll::>
:lA1lq I "Alladold ~arqns aquo an{1lA la)jll1W aquo :lA!lllJU:lS:lldal alll S:lq:J1lo1ddll as:lq.l
000'69$
000'Z8$
q::>1l01ddy uos!llldwoJ S:ljllS Aq palll:l!PUI :In(l1A
q:lll01ddy JSo:) Aq p:llll:l!PU[ :In(l1A
:p:lsn 1:ls!1lldd1l1nOA :lnlllA Ol saq:l1lo1dd1l ilu!^\-OIlOJ :lql alll110dal jlls!1l1ddll S!qlJO sll1ld :l4l
,:d!4Suollll[al ladold 11 U! sjl1ld JO J:lqla~ol ilu!~u!lq aql" S1l p:luY:lp :lq AIlW UO!JllpllO;)
Non Y'lnIHO::>
II
"~Od;lJ S!ljJ UO p::lSllq
U::l)j1l1 SUO!Pll JO ::lpllUJ SUO!S!:l::lp JO UO ::l:lUll!I::lJ JO Hns::lJ 11 Sl1 Al.Illd pJ~l AUIl Aq p::lJ::ljJns
S;lllIlUJllP JOJ Al![!q!suods::lJ ou Sld::l:lOIl J::ls!1lJddll ::lljl. "KlJlld pJ~l ::llj1 JO )jS!-l ::lIOS
::lljl III pUll Al!l!q!SUOdS;lJ ::lIOS ::llj1 ::lJll IIlS!llJddll S!lj1 UO p::lSllq SUO!S!O::lP JO ::lOUll!I::lJ AUll
JO 'A1!JU::l JO UOSJ::ld J::lljlO AUll Aq IIlS!IlJddll S!lJl JO ::lSn AUV "~od::lJ S!ljl JO UO!lIlJlld;ud
::lljl JO ::lUJ!l ::lljJ III ::lIQIlI!llAll UO!lllUJJOJU! ::lljl JO llja!1 U! lU<lUJllpnf lS<lq S ,J<ls!1lJddll
::lljl lj~oJ J::lS IIls!1lJddll S!lIl U! P<lU!1l1UO:l suo!ll!do pUll UO!ll1UJJOJU! ::lljl. "~od::lJ
pls!llJddll S!lJ1 U! p::ly!lU::lP! 1U;l!]O ::lljl JO ::lsn ::lA!SnpX::l ::llll JOJ p::lJlld::lJd SllM. 11lS!IlJddtl s~l. "S
"J::lS!llJddll ::llj1 JO plAOJddll PUIllU;lSUOO U::lH!JM. JO!ld ::llj11noljl!f<\
'Uo!wo!llnUJUJoo JO SU1l::lUJ o!]qnd J::lljlO hUll JO 'tl!p::lUJ S::l[tlS 'll!p::lUJ SM.::lU '\l!p::lUJ SUO!llll<lJ
o!Iqnd 'll!p;lW lllI!S!lJ::lApll qllnoJljl o![qnd ::llj1 Ol P::llllU!ill::lSS!P JO 'p3ljs!Iqnd 'p::lonpoJd::lJ
::lq l[1lljs (P::lP<lUUOO S! ::lll IjO~M Ijl!M. UilY ::lljl JO J::ls!tlJddll ::lljl JO AlPU::lp! ::lljl '::In[llA
Ol Stl suo!snpuoo AUll AlIll)03ds3) ~Od3J s!lJlJO SlU3lUOO 3ljlJO ~d Am! JOU 1I1l J3ljl?N "L
"p::lJ;lpU::lJ
SllM l! lj:l!ljM JOJ 3sod.md ::lljl JOJ AIUo pUll Al::l.l)lU3 Sl! U! p::lsn ::lq 01 S! ~od::lJ s~l. "9
"::lW Aq p::lWnSSll ::lq UllO A:lllJn:JOIl JOJ Al!l!4!SUOdS3J ou 'J::lMMOH
"p::lJJOO pUll 3nJl ::lQ 01 p::lA::l!13q pUll ::llqll!I::lJ P::lJ::lP!SUOO S::lomOS WOJJ P::lu!IllQO 3J<lM
lJod::lJ S!ljl U! p::llI!l1lUOO pUll 3W Ol p::lljS!UJty Suo!u!do pUll 'S311lUJ!lS3 'uO!lllUJJOjU! ::lljl. "S
"SJOlOtlJ ljons J<lAOOS!p 01 p<lJ!nOOJ ::lq lqll!ill ljO!ljM. llu!l::l::lU~U::l JOJ JO SUO!l!pUOO Ijons
JOJ Al!l!q!suodS::lJ OU ::lwnSStl I "::l[qlln[1lA SS::l[ JO ::lJOW l! J::lpU::lJ PlnoM ljo!IJM. S::l.mPrulS
JO I!osqns 'Al.I3doJd ::lljl JO SUO!l!pUO:l lU::lJllddtlun JO U3pp~ OU ::lJll 3J::llj1 1tllj1 ::lwnSSll I "17
"::llqll!I::lJ 3q 01 P::lA3!I::lq
SpJoo::lJ wo.y U::l)j1l1 3J1l S::l!JIlpunoq ;lljl pUll 'A~3dOJd ;llj1 JO h::lAJnS OU ;lpllUJ ::lA1!l{ I "(
"P;lJJOO S! U!::lJ::l1j p<lsn UOl1d!loS3p Itl\l31 ::llll. "Z
"d!IJSJ::lUMO 3[q!suods::lJ
J3pUn Ijllnolj1 SIl p3s!llJddll S! AlJ::ldoJd 3ljl "::llq1!l::l)jJllW::lq 01 p::lwnsstl S! IJ:l!IJM '3j1!1 3ljl
Ol SIl Uo!u!do AUll J3pU;lJ I 01' JOU '3.m1IlU U! 11l11::l1 SJ::lHllUl JOJ Al1I!q!suods3J ou ::lwnSSll I "I
'IVSIVlIddV SIH.1 0.1 .1::J3.raas SNOI.LIaN:O:)
~NI.LIM'I aNY SNOI.1dWIlSSV ~NL\. 'IlI.:!IONIl
Z{
"UO!P::IS {es!,!Jddv
SJo.II1::1l1 JO UOPI1!:JOSSY [11UO!.I1N ::Ill' JO pnpuoJ [11uO!Ss::IJOJd JO spmpU11.S PUI1 S:J!lI!::J
[11uO!ss::IJOJd JO ::IpoJ ::Ill! JO s!uaUJ::IJ!nbaJ all. 0. l:Jafqns S! pUll 'UO!l11puno d [IlS!I1Jddy
::Ill! JO pJ110S: SpJl1pUI1!S [11s!,!JddV ::Ill! Aq p::l!dOP11 a:J!PI1Jd [11s!,!JddV \11UO!SS:lJOJd
JO SpJI1PU11!S UllOJ!ll[l ::Il{. l{.!M A.!llllOJUO:J U! apl1UJ ua::lq SI1Ij :).lOdal [11s!1l1ddl1 SIll]' "6
"l-IOdal S!lI. U! paU!Il!UO:J
SUo!snpuo:J pU11 'suo!ll!do 'saSAIllU11 ::Il{! l1u!l:Jajpl (pau\l!SlapUn all! Aq 10 .U::Iurull!SS11 AUJ
JO SUll::l. al{. Aq p::lsodw!) SUO!.!puo:) ilu!.!W!I ::Il{. JO \[11 l{l-IoJ s!as l-Iod::lJ [1!Sf111ddll s!lIL "8
"!:Jallo:J pU1! ::In.J. ::1111 'p::lS1lq ::1111
U!alal{ pass::IJdx::I suo!snpuo:) pUll 'suo!ll!do 'S::ISh[11Ull ::I1j. l{:JIl{M uodn 'l-IOd::l1 [11s!,!lddll
S!l{! U! P::lu!'!lUO:J PllJ JO S.U::IW::I!Il!S ::Il{. :P!l::lq pU11 allp::l[MoID[ AW JO !saq ::Il{! 0 L "L
"[11S!1l1ddll
s!I.[! JO aso P::lPU::I.U! ::Ill! a! p:l!llj:ll Alpal!p lU::IA::I lU::Inbasqns 11 JO ::I:JU::Illn:):JO aq! 10
'!InS::I1 pa!l!{nd!!s 11 JO lUauru!1lUll aq. 'uo!u!do an[11A aq! JO !unoUJe ::I1j! '!U::llP ::IljIJo ::Isnl!:)
alj. SlOAllJ !l1lj! ::In\11A ul UO!P::Il!P jO ::Inlll<l. p::lU!llll::l!::Ip:lld 11 JO llU!l-Iod::lj 10 .uaWdO[::IAap
al{. uodn !U::I\lU!!uo:J lOU S! !uauru\l!ssll S!lI. \lu!l::l[dwo:J 10J UO!.llsuadwo:J AW "9
"S!Jnsaj p::lu!IW::I!::Ipa1d
8u!l-Iod::ll 10 \lU!dO\aA::Ip uodn !u::Illu!!uo:) IOU SI1M !U::I!UU1l!SSIl s!l{! ul .uawal111\lu::I AW "S
"!U::Iwu\l!SSll s!lI! ll!!f^ p:lAIOAU! sa!l-I11d
alj. a! 10 l-Iod:u s!l{! JO )O::Ifqns ::Ilj! S! lll1j! hl-'adold aq! O! padS::Il lj.!f^ Sl!!q au aA111j I "17
'paA\OAU! sa!l-Il1d ::Il{! O! .:l::ldSal lj!!M !S::I1::l!U! 111U0slad au PUl!
'l-Iod::ll s!lI! JO pafqns aq! S! !11l{! h:).l::ldOld ::Ill. U! !S::Il::l.U! ::IA!)O::IdsOld JO .u:lS::Ild ou ::IAl1q I . (
"SUo!snpUO:l pue 'suo!u!do 'S::ISAJeue Jlluo!ssaJoJd
pasl!!qun pU11 'JI1!l-Il1dw! '\lluosJad hW O"lll! pUl! 'SUO!!!puo:J \lU!.!W!l pU11 Suo!.dwnssl1
pal-lod::lJ O"ll{. Aq h{UO p::l.!llll\ ::1111 SUo!snpuo:J pUll 'suo!ll!do 'sasA[t1Ull pal-lOdal aljl 'Z
'P::lllO:J pue ::IN. ::IJI1 :).lOd::ll S!l/' U! paU!I1!UO:J pl1J JO s.uaW::I!I1!S ::Ill! " J
:Wlj! say!:).l::l:) hq::lJ::Iq l::lS!l1Jddl1 Jno A
'lVSIYlIddV .!IO 3.1. V;)UUlI3.:J
n
'l-j7IOOOO-YD
J;)S[lllddy {llJ;)~ ~g!l.1;)J
:llOO d "3 ,U1l!!
~~?
'l.10d:lJ 111S!llJdd1l S!4l U! 4l.10] l:lS :ll1ll1lql ;)llllS:lj1l:l1 ~U!W;):JUO:J suolU!do
PU1l 'suo!snpuoo 'S;}SAj1lUll :l4l p:lJ1ld:lld p:lU~!sJ:lpun :lql Ullql J:lqlo :lUO oN '0 I
vi
'~jlllllSlIlllU!j~'1.mY\l jtmolreN SJOj[1?~~
'SlOll1?~ JO UOlll1I:lOSSY IUUOljUN
'SJOj[~~ JO UO!j11I:lOSSY U=A[,{suu~d
'SJOj~~Jo UOll11I:lOssy ~[S[I.mJ
'UOll:l~S [1?s!11Jddy SJ01Il1~)I JO UOIll1!:lOssy 11?UO!jUN
:SNOIl.YI1I.i.iY NOIl.YZINY~~O 'lYNOISS,UOHd
'SJ01[~~IJO UOl111I:lOSSY ItlUo!l1?N ~IjlJo ~llll!jSlIlllUl~'1.mY\l{11UOIll1N
SJOj~)I ~Ijl Aq jX)p11W,l1 'J~qUl:lW jU:lUljS~Aur [1?1:ll~UlUlOJ ~gll1:lJ :Y\ll::n
'SJ01~ JO UOIjl1!:lOSSY jtmO!reN ~IjlJo ~llll!lsllI llUl
-~'[ll1W (UUOIll1N SlOjIU~)I ~Ijl Aq p:lpJl1Ml1 'jS!Il1POOS 1l1!lU:lpIS~lI p~gljJ~:J :S~:J
'SJ01[1?~ JO UOlll1!:lOssy l1!Jl1lA
-I,{suu~d ~Ijl,{q ~p.mMU ':lllll!lSUl SJOj~~ u!Jl1lAIASUU:ld :lljl JO ~jl1npl1JD :ruD
:SNOIl.YNmS30 'lYNOISS::il.iOHd
'l1!Jl1lAIASUU~dJO 1jl~M.UOUlUlO:J 'y-6ZL6Z0-ffi[# 1:l'lOJ8 ~jl1JSg I~)I
'l1!Jl1lAIAs=dJo tIl~h\UOUlUlO:J ''l-PTOOOO-YD# J~s!l1Jddy [UJ~~D
:S::ilSN3.J1'l 'lYNOISSa.JOlld
':lllllllSur (l1SIl11ddy 'S~S.{[1?UV UO!juu[1?A Pll11llu1jfli\:\ 11000)1
'~jlll!lsllI [1?S!l1lddy 'uo!ll1u[1?A ~s3" ~~ m S~rplllS ~Sl1;:)
'~jlllllSllI Il1S!11Jddy 'llmS!11Jddy A11~doJd ~UIO:lur JO S:lldl:lU!.Jd
':lllll!lSur [1?s!l1Jddy 's~JU~:lOJd [1?s!l1Jddy
'sJ:ls!11Jddy ~jl1ls3" [1?:l~Jo ~llll!lsuI lI11:lfl:lWV 'UOIll1u!l1A !l1!lUOpIS~
'SJ~Sll1Jddy :lll1JSg [~Jo :ljlll!jSUj ue:l!.J:lWV 's~ld[,')uud [1?SlUJddy :l1l1JS3 J11~~
'SJ~SI11Jddy ~mS3" ~1I JO :ljlljljSul U1?:lU~WV '~!P11Jd [1?uO!ssoJOJd JO spmpums
'~OID
'POI D 'tolD 'lOll;:) '101 I:J ':ljlljljSur llU!~'1ll1W jtmO!ll1N SJOjj11:l)l '~ll1,)YI11:l:J
'Ill ruD 'II ruD 'I run '~jllj!lSllI SJOjIl1~)ll1!Jl1lAlAS=d '~re:lYI11~:J
'~961 '[OOIPS ql!!H JO!ll~S ~ISI[ll1:J 'eUloldlQ
'PL6T ':lll~llo;:)
AllUllUlUlO;:) ~JV llmQS!Jll1H 'UO!lU11S!ll!llJPY sS:lU!sn8 JO 10{:lq:ll1g :ljl1Ioossy
'9L61 'Al!SJ~A!lln :ljl1lS l1IUtlA[AS=d 'UOljl11jSlU!tUpY sS:lu!sng JO JO!~q:l1?8
:NOU Y.:>IlO3'
'S:lllIJI:l11J lluullj.)l!]numu pue 's:lSnoq:l1m\
'Sl~l~:l ~ll1:l,{ep 'sllmp[!nq I!~l 'Sl~lU~ uO!ll1l11!ql1q~1 'S:llUI(:l A.mUIJ~l~A 'SUOljl1lS :r.>L'\J~S 'sllUlpJlnq
~:l!!lo 's~x~ldUloo pll11 sllmpl!nq l~UI:jll1dl1 'SP10UI 's~U!oq llll!slnu 'Sl~jU:l:l J11:l~W 's'Imd :lUIOq
:lIlqOW 'sllwU:lM.p AI1Ill1!J-~piUlS 'SjO(llulp[lnq 'SUJll!] 'pUtl[ ~doI~A:lPUU ~pnpUl ~:lu;>!.J~dx~ [1?sIl11ddy
'ud '~ISIll11:J 'lOH~lI ~ql!nl1D 'pur '~ll1I:JOSSY lOlJ11:l~ ;9L6 T -U6l
'Ud ':lIS!IJ1?;:) ',{j~)I ]l1!lloloJ '1:l'l01E/:l111l:lOssy ;6L61-9L6[
'ud '~ISlll11J 'AuedwoJ lU~wdopA:lQ :In)ll11 '1~'101E/ J11dl:lU11d
'l1d ':l!sIJl11:J 'S:l:>IAl:lS [l1s!l1Jddy ~gISl~AIQ '1~S!l11ddy P!l!J ;jU:lS~ld-6L61
:3'':>N3'lli3dX3'
H3'SIWddV 3..1 Y.LS3. 'lV3.lI
:UOO.'l .3: AHlIV'l
91
AUI3dOlld 1..JW'8IlS 3Hl. dO SHdVll~Ol.OHd
1111111111111111111111111111111111111111111111111'
0
"
8
0
0 -t 0
~ 0 m
~ 0 0 -t 3::0 Ul
<0 <0
S- "- "- > OD> 0 ZWl:I:l
'" '" '" r :JUl :D
Z co co " CD~ " roU1>
"' 0 '<Ill -t ~'o~
') :D 3::~ 6
"
2. -t D>D> z ....>><
"T1 ~:J L'::O
(1~ 0 ""0
:r:. r ~CD L'tIlro
0 roo
~ 6 "T10 -<
;:S. Ul 0 CCD z::c z
!J D> ~: < :JO- '0>.... -<
z
r' CD > Co=: >G')'o '"
r' Co r Ul
') CD c 00'0
:J m ro Co>
Co I-'tIlZ '"
CD
...:J0-3t1l Co>
1'\)::00-3 0
~
01:>00[210
I-' 00 [21 :g
10-3L'0
I-' 0
W ~
I-'
W
000 00
g~ -0'
~ffi ~I
~z
~~
;~
~
(;)0(;) 0
m<Om ."
z"'z m
mCOm Z
:o~:o Z
> > 0 I ,
r r- 0 9
3:: 3:: C') 0 0
0 0 > ... ~
z z en
m m %
-< -< III
3:: 3:: >
> > ,...
:0 :0 >
^ ^ Z
m m C')
-t -t m
~ C':l
~~t""etI "'''Ul~^^
o:ocg:ac
~~~~ <0-_ :0
cOz-toC-I
~C':l coom>z"T1
~~O 0 !'> -;-J~~ZUlO
co oO"'>~r-
0 ..... '"z r- 0
gt"" 0 ~ o "c::c
~h 0 0 ~ c.> oz O~m
~ c.> <.. --t:O
.... .... z_
in a, 0 -tm
N '" co mSJ'
'"
..... Z
0 0
...
0 0
0 0
0 0
0 0
~ ~
0
c.>
c.>
:-..J 9
'" ....
'"
o
o
o
~NUISOd30 3l::10:l38 H:)"1.3a 3S.,31d
...
~ I '~C;;r 1)
.n ~ ... m 2 b 0
:1'322f2b~l.O:1 .nl!.Ol!.50S.n
011 S30lAI:I3S !lNII:IV310 ANB
" '~
<
i ':,~
:3S0dl::lnd
:1:13>101:18
OfJlH6 ~-~~ 2~OS-O~-SLl.
B-660 ~ WJo~
laqwnu UO!i~O!mUap! leJSp8j S,l:I3A V'd J9qwnu UO!leOU!1WJP\ S,lN3Idl::l3l::t
'pal1odaJ
uaaq IOU se4 ~ le41
sau!wJajap SI:fI a41
~O"6-~O~-OO8-~ pUR alqRxcl S! aWO~1
SI41 p noA UO pasodu
H:O~-O"620 . HI #3JN30IAOlld aq Aeuu uoq~ues
n:Of; XOS .O.d HZlI.. ~d ~HH16SN3c1d I HS Ja410 JO Alieuad
a~U30!103U e 'umlaJ
")NI #lVIJNVNH 1'1I1N30nlld Di XOEl Od R 31!1 01 paJ!nbaJ
.JNI #3A1l3SIn83 1331SN3dd~H 3 J..:ll1'l9 aJR nOA II 'a~!AJas
anU3Aai:j IRW31U1
a41 OJ pa4S!Wnj Ou!ac
ou aU04dslSj PUl;! ape::'! dlZ 'arejS '^l!O 'ssaJppe 'aweu g,kl3AVd apo:) dlZ pUB at9ls 'Alp 'SS9Jppg laeJ)S 'eweu S..LN3fdl:J3H SI pue UO!)eWJOjU!
JrellURl1odw! S! S141
NOWWOJ 1'IIlN3<1nlld !;O12-~8~ OOf2)j 00.0 lUa!d!oal:l ~o.:l
)lJ01S .:f0 31VS $ e'(doo
uo!tdposac S Jaqwnu luno:):)\>, Pl.~'nl'" Xll awo:)uIIIAep':I t .UO''''BSue~
9-660 ~ UJJo::l a6uBLI::Jx3 JS B
sWnlUlaJd UO!ldo pue f . ~ # $ 2 O~ 02H'1L 201 uno W02 pUB J8'tOJ8
SUO!SSlWWOO ssai spaaooJd 'OS-OlD 2 6 0 ~
sp"":lOJd SSOJD 8 SHI 01 pa~odaH '0\0 'spuoq '~OOlS Z WDJ~ sp". d
'ON dlsn~ Ql ales 10 aleO e ~ S,/O',." 'oN 8V10
}f:>3H:> !)NIHSV:> 3HO~3S H:>V!30
30lS 3SIl3A31l NO .1N31dl:>311 HO~ SNOI.1:>nIl.lSNI
30lAl:l3S 3nN3^311 WNII3.1NJ - AllnSV3I1.1 3H.1 ~O .1N3LUIIVd30
........g'-l.v.. ....."" +l....'1.
SaulwJajap SI:fI 341
"0'16-S0~-OO8-~ pUR 31q~XCI SI aWWU!
S!411! nM uo paSodw!
~~Q~-O"620 "HI "3JN30IAOlld aq Aew UO~Jues
Ja410 JO A1leuad
n~OH XOS .O.d HZH ~d 94{UiSN3dd I liS a~UeO!103U R 'wnlaJ
#lIiIJNYNH l\1UN30nlld Df XOEl Od e em 01 paJ!nbeJ
.)NI am ooK 11 'a~IAJas
"JNI #3A~3SIn'3 133lSN3ddlH 3 J.~ll\la anuaAal:f leuualul
a41 01 P34SIUJnj OUlaQ
apo::> dlZ pUB arms '};l!~ 'ssaJppe 199JlS 'aweu SJ.N3IdI03ti S! pUR UO!lRWJOjU!
'OU aU04dalal PUE apo::! dlZ 'atEiS '^\l~ '~saJppe 'eweu S;~3AVd Xej IURI10dW! S! S!41
NOWWOJ lVIlN3<ln~d !;012-!;B'1 DO~2)j DO.O IU9!d!oal:l JO::l
$ Q'(doO
)I J015 .:f0 31'1'S
uo!~d!l:)seo S Jaqwnu Juno:>:r\r' PI81(1lllM liel 'WO:)uIIIUap':lt 'SUOI}:)esUBJl.
e-660~ WJO::l Q6ua'l~X3 J8}JeB
swmUloJd UOlldo pue 8 f 2 . ~ 6 0 # ., $ a2~"'1L 201 HUD ZD02 pue .a8l10.lB
2 OL WOJ::I spee:JOJd
SU01SS1WWD:) ssal spaa:xud SSOJE)
spaa::>oJd SSOJ8 Sl::I\ 01 pavoda~ 'o~a 'spuoq '>1::>018 Z 'ON dlSn8 Ql ales !oareO l!~ SILO.S." 'oN 8NO
30lAII3S 3nN3^311 .... . AllnSV3I1.13H.1 ~O .1N311\1.1l1Vd3Q
lS2L~ \ld S~naSN3ddIHS
Ct XOS Od
1331SN3ddI~ 3 A~llVa
00.0
SL.9L"O~
COO.Hl
a13HH11M )(\11
301lld BN
C10SS;JlJ'o'HS
20/St1lO
S012-SB'J
00[2
"JNI ....WDN\lNU
31110
'ON mno:X)\f ANlldViO:>
.(s)aJe~sJnoA~o ales 94Ho lU8wiled Ul S!':>f:)9tjO s!Lji
OIOf:-OV6W m'DN30IAOCldOIOf:f7X080'd
.OUI 'aAJas!nb3
SU9i': 16i':v6
OW81-S
I
I
I
I
I
I
I
I
i
i
.
.
I
I
I
I
I
I
~
RESTRICTED USE APPRAISAL REPORT
6 WEST GREEN STREET
NEWVILLE, PENNSYLVANIA
PREPARED FOR
THE ESTATE OF BARRY E. HIPPENSTEEL
BY
LARRY E. FOOTE
DIVERSIFIED APPRAISAL SERVICES
35 EAST IDGH STREET, SUITE 101
CARLISLE, PENNSYLVANIA
17013-3052
(717) 249-2758
f
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
TABLE OF CONTENTS
PAGE NO.
Table of Contents....................................................................................................2
Letter of Transmittal.................................................................. .... .........................3
Summary ofImportant Facts and Conc1usions.........................................................4
Appraisal Certificate. ..... ....... ....... ........ ..... ...... ........ ......... .......... .............. ..... ....... ...5
Purpose of the Appraisal ... ......... .......... .............. .............. ....... ." .... ............ ..... ........7
Location Analysis...................................................................................................8
Zoning ........... ..... ..... ................ .......... ........... ..... .......... .... ................... ............ ......10
Ownership History ....................... ...... ........... ...... ....... ........... ............ ............ ........12
Estimated Marketing Time ..... ...... ............. ................. ...... ............ ........................ .12
Economic Trends ................ ....... ....... ..... ............ ............ ............ ................. ....... ...12
Site Description.................................................................................................... .13
Improvements ....... .............. ..... .......... ........... ..... .............. ........ ....... ..................... .14
Taxes and AssessmenL...................... ........... ........ .... ..' .... ....... ..... ............ ....... ......16
Highest and Best Use ............................................................................................17
Cost Approach..................................................................................................... .20
Sales Comparison Approach ................ ... ........... ...... ........ .......... ................... ....... .23
Income Approach.. ............ ........ ......... ......... .......... ......... ................. .............. ..... ...31
Reconciliation and Final Value Estimate ...............................................................32
Underlying Assumptions and Limiting Conditions ................................................33
Certificate of Appraisal....... ..... ............ ....................... ..... .......... ................. ..........36
APPENDIX
Qualifications of the Appraiser
Photographs ofthe Subject Property
Location Map
2
I'
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I,
Diversified Appraisal Services
Real Estate Appraisers and ConsuNants
35 East High Street
Carlisle, PA 17013-3052
(117) 249-2758
FftX (117) 258-4701
October 29,2001
TO: The Estate of Barry E. Hippensteel
FM: Larry E. Foote
RE: Restricted Use Appraisal Report
6 West Green Street
Newville, Pennsylvania
At your request, I have appraised the captioned property. The restricted use ap-
praisal report of a limited appraisal, which follows this letter, is submitted in support of
my opinion of Market Value of the Fee Simple Interest in the property, as of July 12,
2001.
I hereby certifY that, to the best of my knowledge and belief, the data, facts, and
opinions set forth therein, are accurate, subject to the Statement of Assumptions and Lim-
iting Conditions that is also made a part of the report, and that the indicated Market Value
of the subject property, as ofJuly 12, 200 I is:
SEVENTY THOUSAND DOLLARS
$70,000
This restricted use appraisal has been made using the Departure Provision in ac-
cordance with the guidelines set forth by the Appraisal Standards Board and is in con-
formity with the standards of professional practice ofthe National Association of Real-
tors Appraisal Section. I appreciate your having considered me for this assignment and
trust that you find the report entirely satisfactory.
Respectfully submitted,
~~
Certified General Appraiser
GA-000014-L
3
.'
~
~
I
,
I
I
I
I
I
I
I
I
I
I
I
I
I
I
SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS
LOCATION: 6 West Green Street
Newville, Pennsylvania
TAX PARCEL NUMBER: 27-20-1754-133 and 27-20-1754-132
OWNERSHIP: Richard G. Hippensteel and Bany A. Hippensteel.
LAND SIZE: Approximately .94 acre.
ZONING: Light Industrial/Commercial District.
FLOOD HAZARD DATA: The subject site is not located in a FEMA identified flood
hazard zone, according to map #421579-OO01-A.
PROPERTY RIGHTS: Fee simple interest.
SCOPE OF ASSIGNMENT: The scope of the assignment included an analysis of the
subject's area, an inspection of the subject property, an es-
timation of the property's highest and best use, considera-
tion of all three approaches to value, and the application of
those relevant to the valuation of the subject.
IMPROVEMENTS:
One-story detached automotive repair shop.
OBJECTIVE:
To estimate the market value of the subject property as un-
encumbered.
USE OF THE APPRAISAL: Estate settlement.
EFFECTIVE DATE:
July 12,2001.
IDGHEST AND BEST USE: Continued use as an automotive repair shop.
COST APPROACH: N.A.
SALES APPROACH: $70,000
INCOME APPROACH: N.A.
VALUE CONCLUSION: $70,000
4
APPRAISAL OF PERSONAL PROPERTY OF THE ESTATE OF BARRY E.
IDPPENSTEEL. 35 PARSONAGE STREET. NEWVILLE. P A ON OCTOBER 3.2001:
Common buffet
Mounted deer head
2 Turtle shells (lot)
Full bear skin with head
Modern oak-finish lamp stand
Desk light
Liberty gun safe
Round wall mirror
Turkey feathers on mount
Modern pine desk & chair
2-Drawer metal file cabinet
Miscellaneous table linens
Fertilizer advertisement plaque
Sharp microwave and stand
5-Piece maple dinette set including table & 4 chairs
Large modern braided rug
2 Small modern braided rugs @$ 8.00
Modern dish set for 6
Toastmaster blender
Robeson portable mixer
4 Old Hickory knives in block
Glass candy jar
Mr. Coffee coffee maker
Miscellaneous deer antlers
Stainless flatware set for 8
Miscellaneous pots & pans
2 Common Beam bottles @$ 5.00
4 Granite pie tins @$ 3.00
Small store-type candy jar
Small custom-made wooden box with shelves
Crockery Kettle slow cooker
Nest of 4 Pyrex bowls
Miscellaneous Vision ware & bake ware
Wapak cast iron skillet
2-Piece softwood step-back cupboard
Set of 4 snack trays
Dirt Devil upright vacuum cleaner
Kidde fire extinguisher
3 Mounted fish @$ 12.00
Sanyo portable color television
Modem oak-finish 2-door base cabinet
20-in. electric fan
Modem basket
$ 20.00
$ 15.00
$ 3.00
$ 45.00
$ 5.00
$ 3.00
$ 450.00
$ 15.00
$ 5.00
$ 30.00
$ 15.00
$ 5.00
$ 5.00
$ 45.00
$ 65.00
$ 25.00
$ 16.00
$ 20.00
$ 12.00
$ 8.00
$ 12.00
$ 8.00
$ 8.00
$ 15.00
$ 15.00
$ 30.00
$ 10.00
$ 12.00
$ 15.00
$ 8.00
$ 3.00
$ 15.00
$ 10.00
$ 30.00
$ 300.00
$ 8.00
$ 30.00
$ 10.00
$ 36.00
$ 45.00
$ 20.00
$ 5.00
$ 5.00
- 2 -
Maple coffee table and 2 matching lamp stands (set)
Love seat sofa
Common floor light
Maple open-arm recliner
Common table light
Recliner
Modem room-size braided rug
Reed advertisement thermometer
1929 P A hunting license plate (badly worn)
Common wooden base cabinet
Oak stand (rough)
Wards 18-in. electric hedge trimmer
Miscellaneous hand tools
Coleman cooler
Other miscellaneous coolers (lot)
Sanyo kerosene heater
Wooden storage shelf
Metal display rack
2 Small fire extinguishers @$ 3.00
Garden hose
2 Wooden folding chairs @$ 3.00
Craftsman circular saw
2 Common electric drills @$ 8.00
Miscellaneous drill bits
Fish grill (wire basket)
Small Sears air compressor
Miscellaneous folding lawn chairs
2 Saw horses (lot)
Child's sled (rough)
Miscellaneous extension cords
Small charcoal grill
Miscellaneous canning jars
Oasis dehumidifier (older model)
Adirondack toboggan
Metal lawn chair
Gas grill (older model)
Lawn wheelbarrow
Miscellaneous lawn & garden tools
Small bench vise
Metal tool box with miscellaneous tools
Meat saw
Miscellaneous drawer organizers with contents
Set of man's golf clubs with bag & cart
Golf umbrella
$ 30.00
$ 35.00
$ 8.00
$ 25.00
$ 8.00
$ 25.00
$ 30.00
$ 5.00
$ 8.00
$ 10.00
$ 15.00
$ 15.00
$ 10.00
$ 15.00
$ 8.00
$ 15.00
$ no value
$ 5.00
$ 6.00
$ 3.00
$ 6.00
$ 15.00
$ 16.00
$ 5.00
$ 5.00
$ 35.00
$ 15.00
$ 3.00
$ 3.00
$ 5.00
$ 2.00
$ 5.00
$ 20.00
$ 30.00
$ 3.00
$ 5.00
$ 8.00
$ 20.00
$ 5.00
$ 20.00
$ 8.00
$ 30.00
$ 40.00
$ 5.00
Man's hip boots
Common fan
Other golf bag & cart
Boat gas tank
Potato crate
Miscellaneous boat life preservers (lot)
Road Pal emergency car air compressor
Miscellaneous golf balls
Open wooden cabinet
Hand cart for garbage can
Minnow seine
Wooden cabinet with double doors
SerVess push power mower
Minnow bucket
Raleigh 10-speed bicycle
Miscellaneous fishing rods & reels
Miscellaneous fishing tackle
Miscellaneous fish landing nets
Camo back pack
Wards electric boat trolling motor
6 Boat oars @$ 4.00
Whirlpool automatic washer
Whirlpool dryer
Longaberger clothes basket
Electric baseboard strip heater
Miscellaneous bedding & linens
Small G.E. window air conditioner
Common swivel rocker
Oak wash stand
Modem kerosene lamp
Double bed with mattress & box springs
Walnut-finish dresser with mirror
Pine 6-gun cabinet
Oak-finish book shelf
Folding wooden chair
Small air conditioner
Sleeping bag
Black rifle powder & supplies
Wilson baseball glove
Common lamp
Common lamp stand
Miscellaneous oak bed frame & side rails (lot)
G.E. clock radio
Small fashion fan
-3-
$ 8.00
$ 3.00
$ 8.00
$ 20.00
$ 2.00
$ 15.00
$ 10.00
$ 15.00
$ 5.00
$ 3.00
$ 5.00
$ 8.00
$ 15.00
$ 8.00
$ 20.00
$ 140.00
$ 60.00
$ 30.00
$ 8.00
$ 35.00
$ 24.00
$ 90.00
$ 60.00
$ 50.00
$ 15.00
$ 20.00
$ 40.00
$ 20.00
$ 120.00
$ 10.00
$ 25.00
$ 55.00
$ 25.00
$ 15.00
$ 5.00
$ 20.00
$ 15.00
$ 15.00
$ 20.00
$ 3.00
$ 3.00
$ 5.00
$ 3.00
$ 3.00
-4-
Eskimo ice fishing drill
Wooden folding chair
3-Speed fan
Clam steamer
Wooden storage box for ice fishing
Gibson air conditioner (older model)
AnaloglDigital Trainer in case
Miscellaneous luggage
Oval picture frame (angel)
Texas Instruments computer keyboard
Miscellaneous pictures & frames
Floor-type draftsman light
Meat grinder
Miscellaneous fishing reels
Dietz barn lantern
Thermos double mantel lantern
Coleman double mantel lantern
Common fan
Coleman camp stove
Miscellaneous tennis rackets
Stoneware dishes
Miscellaneous P A hunting licenses (paper)
Sanyo kerosene heater
Common oscillating fan
APP~ BY:
~./~
'Dennis 1. Gotshall, Auctioneer/Prop.
Dan Hershey Auctioneering Service
PA Lic. #AU-002306-L
3 Brown Road
Shippensburg, P A 17257
TOTAL:
$ 30.00
$ 3.00
$ 8.00
$ 15.00
$ 8.00
$ 10.00
$ 5.00
$ 10.00
$ 5.00
$ 5.00
$ 8.00
$ 15.00
$ 45.00
$ 10.00
$ 12.00
$ 20.00
$ 25.00
$ 5.00
$ 22.00
$ 5.00
$ 5.00
$ 20.00
$ 15.00
$ 8.00
$ 3,435.00
ADDITIONAL APPRAISAL OF GUNS FOR THE ESTATE OF BARRY E.
HIPPENSTEEL. 35 PARSONAGE STREET. NEWVILLE. P A ON NOVEMBER 26.
2001:
Daisy Model 1894 NRA Centennial BB gun
Crossman V350 BB gun
2 Common Daisy BB guns @$ 20.00
Charles Daley 50 cal. flintlock (Serial # 127347)
W. Richards Hammerlock 12 gauge shotgun (no serial number)
Folsom Arms Co. Hammerlock 12 gauge shotgun (Serial # 192019)
Guesto muzzle loading cap & ball shotgun (no serial number)
Winchester Model 12 12-gauge shotgun (Serial # 279253)
Savage single shot bolt action .22-cal. (S/L/LR) (no serial number)
Stevens Model 311 D 16-gauge side-by-side double barrel shotgun
(Serial #A311835).............................................................
Marlin Model25N .22-cal. rifle with 3 x 6 Model V22A Weaver scope
(Serial #06501404).................................... .......................
Cannon 35mm camera
TOTAL:
APPRAISED BY:
;jh~/4a/l
Dennis L. Gotshall, AuctioneerlProp.
Dan Hershey Auctioneering Service
PA Lie. #AU-002306-L
3 Brown Road
Shippensburg, P A 17257
$ 90.00
$ 25.00
$ 40.00
$110.00
$ 55.00
$ 45.00
$ 65.00
$ 350.00
$ 65.00
$ 185.00
$ 195.00
$ 30.00
$ 1,255.00
~ ADAMSCOITNTYNATIONAtBANK&
FARI\i{ERS NATIONAL BANK OF NEWVILLE
.', ));";';0'''01,.1,;'',0". 1,'01./11)' .\"1.'1<1"''; 11,,,,,"
CHECKING STATEMENT
Page 1
9-05-01
Account No. 225290
Enclosure Debits
801
BARRY E HIPPENSTEEL
35 PARSONAGE STREET
NEWVILLE PA 17241
It's the time of year for back to school shopping!
Remember to take your Visa Check Card.
It can be used at the ATM and for purchases---wherever Visa is accepted.
It's the card that works like a check. . .only better.
22 529 0
SUPERNOW ACCOUNT
* - - -
Date
9-05
Previous Balance 8-02-01 2,173.40
+Deposits/Credits .00
-Checks/Debits .00
-Service Fee .00
+Interest Paid 3.04
Current Balance 2,176.44
- - - - - - - -DESCRIPTIVE TRANSACTIONS- - - - -
Tracer Description
999 INTEREST PAYMENT
- - - - *
Amount
3.04
* ~ - -
Interest Earned From
Days in Period
Interest Earned
Annual Percentage Yield Earned
Interest Paid this Year
Interest Withheld this Year
- -INTEREST SUMMARY-
8/02/01 To 9/05/01
*
34
3.04
1. 51
31.30
.00
*
Date
8-02
Balance
2173.40
..DAILY BALANCE SUMMARY- .. - - - - - - _ _ _ _*
Date Balance Date Balance
9-05 2176.44
~ND OF STATEMENT
Horate mann@
Annuity Statement
June 29, 2001 - September 28, 2001
Insuring America. '$ Educational Community
PO Box 4657 . Springfield,IL62708-4657
rage 1 all
BARRY E HIPPENSTEEL
35 PARSONAGE ST
NEWVillE, PA 17241-1313
1,,,111,,,1,,1,1,1.,1,,,11,,,11,,11,,,,11,,11,,,11.,1,1,1.1,,1
005073
Statement For
Barry E. Hippensteel
(J Contract Information
Plan Type IRA
Contract Number 0504698720
Contract Effective Date 04/17/1996
Fixed Account Renewal Date 04/17/2006
Fixed Account Renewal Period 05 years
'-' Customer Service 1-800-999-1030
@ Website www.horacemann.com
Agent Fronk, Donald B.
Do you know you can contribute even more for retirement next year? See your Horace Mann
representative to learn how you can benefit from the new tax law effective Jan. 1, 2002.
Current Investment Allocation
$3,292.29
$2,060.72
Asset Category
Investment Option
Large U,S.
HM Equity
HM Balanced
Fixed Income
Fixed
HM Balanced
Current Premium Allocation
By Option By Cate90ry
80%
Allocation
of Value
~ 26%
Total Value
09128/2001
500/0
300/0
o 74%
20%
100%
$13,424.42
$1,373.Bl
$20,151.24
0%
20%
100%
Contract Summary by Investment
Investment Total Units on Unit Price Total Value Additions! Gains I = Total Value
Option 09/28/2001 09/28/2001 06/29/2001 + Subtractions + Losses 09/28/2001
HM Equity 182.363 $18.0535 $3,745.08 $0.00 $452.79- $3,292.29
Fixed 0.000 $0.0000 $13,258.98 $0.00 $165.44 $13,424.42
HM Balanced 208.809 $16.4482 $3,649.67 $0.00 $215.14- $3,434.53
S20,653.73 SO.OO $502,49- $20,151.24
Total Withdrawals Since 04/17/1996 SO.OO Total Premiums Since 04/1711996 $11,300.00
01 _n11O_ 0OO05"~ij 00005:92
Hora[e mann@
Annuity Statement
June 29, 2001 - September 28, 2001
.
Insuring America's Educational Community
PO 80x 4657 . Springfield, IL 62708-4657
Page 2 of2
Statement For
Barry E. Hippensteel
o Customer Service 1-800-999-1030
@ Website www.horacemann.com
(j Contract Information
Plan Type IRA
Contract Number
Contract Effective Date
Fixed Account Renewal Date
Fixed Account Renewal Period
0504698720
04/17/1996
04/17/2006
05 years
Contract Activity by Investment
Investment
Option
Transaction
Date
Transaction
Type
Interest [$165.44]
Transaction
Amount
Unit
Price
=
Units
Bought/Sold
Fixed 09/28/2001
Total Activity for Fixed
~rall~ Tot~lof All ~<:tivil}t__.
so.oo
SO.OO
M~____..,__._
Account Statement
January 1 - September 30,2001
SCUDDER
INVESTMENTS
Page 1 of 4
SCUDDER TRUST COMPANY CUST
SEP NC BARRY E HIPPENSTEEL
PO BOX 40
SHIPPENSBURG PA 17257-0040
Social Security Number
Shareholder Services
ScudderACCESS
Internet Address
E-mail Address
On File
(800) 621-1048
(800) 972-3060
.www.scudder.com
info@scudder.com
),,,III,,,I,,I,I,I.I,I,,,IIJ...IJ,,,,I..III....I..III...IJ..,1
Your Representative
GIFT STEPHEN
HD VEST FlNANCIAL SVC
1205 MANOR DRIVE STE 100
r.mCHANICSBURG PA 17055.
Scudder News
11l,thiS time of market uncertainty, it's important to guard against overreaction. If youfec;lcpffipeIledt()
Inake a change in your investment program, talk with your financial advisor to determine the best strategy
to weather short-term fluctuations while addressing your long-terrnobjectives.
flortfolio Summary
SCilcider Fund.
Fund~Account#
Share Price
x
Shares OWned
= Mark.t Valve
",.:.1..... ..
Retirement Series ill - Retir3
Retirement Series N - Retir4
;Target 2011 - Trgt2011
Market Value as of 09/30101
53-89191620-6
54-89191620-6
52-89060358-1
$8.49
9.04
10.40
771.989
755.943
45.817 .
. $15,222.81
$6,554.19
6,833.72
. 47650
$13,864.41
MClrket Value as of 12/31100
'P:> ;;
,.........
2.1>00 Retirement Account Contributioris, $0,00
'2001 Retirement Account Contributions:. $0.00
Asset Allocation
Cotegory
Money Market
Tax-Free Income
Income
Taiget Equity
Asset Allocation
Equity IV alue
Equity/Growth
Gkibal!Intemational
Market Value
Portfollo%
$0.00
0.00
0.00
13,86441
0.00
{l,00
0.00
0.00
$13,864.41
0.0
0.0
0.0
100.0
0.0
0.0
0.0
0.0
100.0
I ~I~I ~'III~II ~m ~IIIIIIIIII
ZSI CNSL . 0 7 1 E 0 ~ CSf 05A2.A70347209430
1847 S lEM035111795RI~'l7'l(/l1
HOrd[e mann@
Insuring America's Educational Community
PO Box 4657 . Springfield, fL 62708~4657
Annuity Statement
June 29, 2001- December 31,2001 .
Page 1 of2
BARRY E HIPPENSTEEL
PO BOX 40
SHIPPENSBURG, PA , 7257-0040
1,,,111,,,1,,1,1,1,1,1,,,111,,,11.,,,1..111,..,1..111,..1,,,,1
006796
Statement For
Barry E. Hippensteel
(j Contract Information
Plan Type IRA
Contract Number 0504702280
Contract Effective Date 05/1811984
Fixed Account Renewal Date 05/18/2004
Fixed Account Renewal Period 05 years
o Customer Service 1-800-999-1030
@ Website www.horacemann.com
Agent Fronk, Donald B.
Have you visited our website at www.horacemann.com? You can view your account value 24 hours a day,
7 days a week on line. Our Call Center is also available weekdays 7 am to 7 pm CST and Saturdays
8 am to 4:30 pm CST at '-800-999-1030.
Current Investment Allocation
Allocation
of Value
EtJiJ 100%
100%
Total Value
12/31/2001
Asset Category
Investment Option
Fixed Income
Fixed
Current Premium Allocation
By Option By Category
100%
100%
$47,580.66
$47,580.66
100%
Contract Summary by Investment
Investment
Option
Total Unfts on Unit Price
12/3112001 12/3112001
Total Value Additions!
06/2912001 + Subtractions
+
Gains I = Total Value
Losses 12/3112001
Fixed
0.000
$0.0000
$46,306.85
$46,306.85
$0.00
$0.00
$1,273.8t
$1,273.81
$47,580.66
$47,580.66
Total Withdrawals Since 05/18/1984
$0.00
Total Premiums Since 05/18/1984
$14,151.05
C, ''i~1 10. 00'2~10<; 0011,01] \1-35&468_'
Myers Funeral Home, Inc.
37 East Main Street
Mechanicsburg, Pa. 17055
Boyd L. Myers Jr., Supervisor
(717) 766-3421
STATEMENT OF FUNERAL GOODS AND SERVICES SELECTED
Char~es are only for those items that you selected or that are required. If we are required by Jawor by a cemetery or crematory to use any items, we wil
explam in writing below. If you selected a funeral that may reqUIre emhalming, such as a funeral with vic\ving, you may have to pay for embalming. Yo
do not have to pay for embalming you did not approve if you selected arrangements such as direct cremation or immediate burial. If\.ve charge VOll for a
embalming, \lie \vill explain why below. .
For Services of _. _ __Barry_g, Hipflenlitee'-_.~_Ilate OfDeath __ ~_]uiI_12.2()O~ _~ Date of Contract ~~ _JuIL~2001...._
Charge to Tom L. Hippensteel 165 Texaco Road Mechanicsburg, Pa. 17050
-Name --..---.--.-- ---..-- ----..,-.-.- -Addfe5'i-- ---_-.---n---erty-----------------State-----..-.-- Zip'-- ----
A. CHARGE FOR SERVICES SELECTED:
I. PROFESSIONAL SERVICES
Services of Funeral Director and Staff $
Embalming .' .-~-- $ --~
Casketing, dfessing:- cosmetology ~- -- $- --- --__
Other Preparation of bod)~-'-,----- $-~_-9s.00
Hairdresser/Barber --- ------.--.$--~-
~utop'!;y Re~ain~_=-__=~-===== ~=-~_==
------ --- --- ~-- -- ------.....-
StlB-TOTAL PROFESSIONAL SERVICES AI $ 1,790.0.2
2, USE OF FACILITIES AND SERVICES
For visitation / wake service $
For funeral ceremony -----------$-- -----
For memorial service----==-~~_== $_ '-Tjo,QO
Equipment & services for graveside service $ 295_00
~---$
SUB-TOTAL FACILITIES AND EQUIPMENT-- A2$~ 645.00
3. AUTOMOTIVE EQUIPMENT
Vehicle to trans.fer remains to Funeral Home $ 350,00
Hearse (Casket Coach) - $- -
Flower Car! Floral DistrTbution'--~- $------- Ioel
Family Car __ __ __~=-~---=-=$___--=~~
Lead Car I Clergy Car- ~_ _ _ _ $ __ __
Utility Car - - $
Out ~fto\~n transportation-----.----- $-'~'-
-'-"--'''--$--''-
SUB-TC)'rAL AUTOMOIWE EQiJIPMENT - A3$~ _..250.00
TOTAL SERVICES, FACILITIES, AUTOMOBILE A ~ 2,785.00
B. CHARGES FOR MERCHANDISE SELECTED
Casket _. ._.___.___ ____ $_____
Other R.eceptacle_<;ardboard_Cre~~tion ___ $_______ loel
Outer Burial Ccntamenta\ner $
Acknowledgment Car& ~--~---,--- $---------rncI
Register Book. -.------ $ 75.00
Memorial Folders---~.- ~-------- $ Incl
Pra) er Cards -,-- -~_=_~___, - f--==---=-=-
Temporary Grave Markers $ - i
Burial Clothing ------~~-$. _ ----------....- --------.--~._
- DISCLAIMER OF WARRANTIES
Other Clothing- ---- -_____ -$ -'-- _ Our funeral home makes no representations or warranties regarding casket
Cremation um--=~__===-=_ $ -- -__~_ or outer burial containers. The only warranties, expressed or implied, grante
Temporary Container for Cremains $_ _ In_cl in connection with goods sold with the funeral service are the express writte
- ~-- warranties, if any, extended by the manufacturer thereof. No other warrantie
--------~- $ including the implied warranties of merchantability or fitness for particula
fOTAL MERCHANDISE SELECTED-- -'8 $' 75.00 PUfllOse are extended by the seller.
I agree that I have examined the items of goods and services selected above and found them to be correct and according to the arrangements I hav
requested. I acknowledge receipt of a copy of th~s Statement of Funeral Goods and Services Selected. I rep~e~ent that I have sufflcient.t~nds available f
payment of the cash price for. the gOOds and services selected. I also agree to make payment of $ 2073.00 WIthin 30 days: I agree to be )oll)tly and several
liable with anyone else who Signs below. A LATE CH!\RGE of 1.5% per month (18~J'er annum) Will be. applied to the unpaid balance begmnrng .30 days afte
the date of this contract. I will also pay the Funeral Director all reasonable costs pal by the Funeral DIrector to collect amounts I owe under thiS agreemen.
Those costs may include attorney fees and court costs. Any items requested after the date of this agreement will be considered part of this agreement and w I
be reflected on the final bill.
1695.00
(Seal)
--.--'-PurcIlascr
(Seal)
--Purc]laser.--
C. SPECIAL CHARGES
Forwarding Remains to other Funeral Home $
Receiving Remains form other Funeral Home- $ ------~
Immediate Burial --- $ --.------
Direct Cremation --,==-==:-=-= $=.=-=_----..
$ --
SUB-TOTAL OF SPECIAL CHARGES
D. CASH ADVANCED
Opening Grave/CryE.!... _______._~______ $________
Newspaper Loc~_.___ _~______.____ $_..---!I?~
Newspaper ___~__________ $_
Clergy / Mass Offering______.__~ $--'-
Certilied Copies of Death Certificato,_2..4...._._ $ 48.00
Family Flowe~.__.. _.___._ _. $ _~()
Crematory Charge - $- 200.00
~rem.~tion-.:\ut~9ri~_tlo~ ._.-=-~~---== $__ .. ?_S.OQ
$
-----_.. --_.._---~_._- ---------..---,----- '.-'-.-.-
----.-------$-.--.-
C$
SUB-TOTAL OF CASH ADVANCED D $ 328.00
--..----
We charge you for our services in obtaining the following:
NONE
"
I SUMMARY OF CHARGES
, TOTAL ABOVE ITEMS (A,B.C.D) $ 3,188.00 I
I Sales T;c, (if Ap!'L@..__-=%= $ ==-~O~oo I
I TOTAL OF ALL SECTIONS __ ______._ S,.--lJ.88.00 I
, I
I LESS: Payment Macl."- ____.______ $____~I
I LESS: Credits PendinL....._ __ _.__._ !...____ !
: LESS: Credits grant~__ Pa~kage Price Discount_._._ ~___J:.~.O~'
I BALANCE DUE by Aug 12, 2001 $ 2,073.00 I
r - ..-.-__ ___.____
I A late charge of 1.5% per month on t11e outstanding balance (annual rate of 18%) I
, will be added to the balance. !
L..._.___._.._ _~_ _____.__~_____'
REASON FOR REQUIRED SERVICES OR MERCHANDISE
i..' _._--.--.-.~------_._--~~.---.__.-...-
i
'. Jt,\)' 13,2001 _
-- Contract Diite -------- ------- ^-
Chrlstopher-ivCWililams Iicensed tUJ1eiafbJreC'ior:
. - .
~~j'>'"~r"';' >"-' ,~;J:"l~:"\'~'7,:r';""":~~:I~ -,l:'e~'~',
", "".~"""""""'''''''''''''_'''''''"'''-'~ -:""-- ':".":-..
'-::..
~~~",~".~",-~"ry.~~~.tlF~"':',;,.
"';--'c.' "-_,'.' 1'- . . "", . ,
fr~"H ""t' ./',"-,;;.~ '," ,~hvr fJiIr/ U
, ype,o . .!~emqna." . '.
[;~i:!'tt: ); ;;:
". Sign.,
~~~;~r,1" . ,
~r.l8ment A 5Q%'de~jt is reqUIred ppor to co~eneem.nfof work.'.
:~.-:ie' > ,'$'. ,....,,-':)::<(;(,;,:.:;,:.:. . , " :. :' ,- ",-' , '>, ' ':, >. _ _ I "._, , . '''.
~!'U ':Cpay staled bel~ Upoh,rection regardless 'oIlabortroublesQrShiprrl.nts' or any Othergood'reasonl. nllS ~rde;' or contact eannos b8canceHed ::,'
lW,c:uatl?mer unte"_Q~by'bOlhParlies, Tht article hel1llO mention'" shaH remain II'ie property of ~m.. R. G1nvr1Ch M.morl.leuJlltil paid InM and
~'l!~~~~~~'7'",.!"',:~,..~pa~'1~""~ '<;'>'" ;~' ;,~$;:.;.. :r,
Iligrje'to'oer&fullyproo~tfaRn.meSandd;ltes foracCtlracyandaoCeptfull~S '$!biotyfaranyerrorsor omlssions:TH&REWILL_E ~ AQDfTlONAL'
CHAltOER)RANY LEnERING ADOEo fO,THlS MEMORIAL AFTER EDOHTHECEME~FfY.. !' _' ';;', :.:, '<' " ;" " :,',,,~:, ~,,:,
',r ):.-,:, :;.)......:_ \,.'-.1 _:; "(.f'.~',, '". ~'_, '.',- ',.";: ,,_ ' :, ,'".' <',' '. c' '~. ".,'_/ '_:~ ";:', :;. '";, ';,;
f~; all""' to payJhe tmla'nce staled tot the WD~,*,ormed un(ferltJ18 COntract Within thirty (3oj daY. Ot receipt Ofth"finalln~ 'N1urthe~'.g,..., '_." ":, .", .
:hat ~eresl sh~lIaCCNe:Bt thJrate of one aM on..haff ~rcenl (1 J-)%) per month OI'lthe ,unpIIld balanclI owed to James R. Gil'JUliCO'Memorlale tIOfpald 'J'. DEPQS1T
11IiIh.~,thh1y (30l daYSof1tiemvo' date, ~n addltlan tliefelo, J'agree ~t it becomeS necessary tor Jame_~, GII1g~ to Institute JegitfProc;ee.<l1ng to COiled", .:~ ,", '. .:';, " _
1I1Y liinds dtl! from me fOr my ac unt being past dj Ihlr:ty (3Oj days, to pay all C:OlJrt CO$tlS andattarneys l.eeflinCUrredby Jamll$ R Gfng-rlctl ~emo(raJ. Balance Due
~Clfecltnesam. j,' '" < . "" -~ 1 " ,~
<'." ", . . < " , , . ' U~!}Comp}t1~ $
{~t~r' . a'; ~~ . Cust~mer ~ / ~~, W,4':' ~ . ..
," . (I further agree that the above names; spelling, an~ ~ales are correct)
5alesman '- ",Type Of, Sale -:,' "":" ";'.',,'," Qa~eE~lered"'::' " ',','" _'1",,', .
\'
ORDER FORM
.,'j
.
, ,
,'""
&
t
f,'
v-
iLettering
~~ ,-- "':i:~"
",-
"
WHITEfOHice
YElI..OWlProduction '
PINK/Customer, '
GOLDENROD/Branch
.-..;..;";...,~ "''';''','
~:-;:r;,::~-.,':":~. "~,rlit.':, ',,-f-:: ^ '.
""!,",:<"'.'.,"".-"
-;'-;~'-"
""'-'''"'' "-~~~<'-"':";-"0j,~ri'~'
"'1..
,:,:".,'"
PARTY BILL
~TE %.t/~OtJ.. -0/\ '\
NAME '~JJ:pLJ{J/H.A7,;;-(}
ADDRESS - ,
,
\
PHONE
..
,
'\
ITEM
Ii
FOOD
COST @
&.SO
DINNER(S)
MEAT/CHEESE PLATTER (Lg/Sm)
'BEEF BAR-B-Q
'BAR-B-Q HOT DOGS .
'MEATBALLS I
'wilms '
'VEGETABLE/RELISH TRAY
CHIPS/PRETZELS (Box)
"'TOSSED SALAD (Serving)
MISC.
MISC.
MISC.
$45.00
$45.00
$55.00
$45.00
$40.00
$10.00
$0.75
, DESSERT
-PIE (Slice) .
-ICE CREAM (Serving)
-FRUIT CUP (Serving)
MISC. ,
MISC.
MISC.
$'.00
$0.75
$0.75
ORDERED
(50.
I ,
TOTAL
!;/.?i &V-)
I
,
,
I
I
-"I
.
SUB TOTAL /,,/./3 ,,'J!)
PA SALES TAX 0.06% ,~:~. u,!
GRATUITY 0.15% i:I:p,"i '=i I
I SUB TOTAL~ II
II
I
',i
~i
I
~I
-if
-~I
,
SUB TOTAL..JI
DEPOSIT: II
FINAL TOTAL: '7'T)(.7,;Jf----J!
I BEVERAGE
COFFEE (Pot)
PUNCH (Bowl)
1/4 KEG (Domestic)
1/2 KEG (Domestic)
1/2 KEG (Import)
CHAMPGNE (BU) (Market Price)
WINE (BU) (Market Price)
SODA (Pitcher)
MISC.
$25.00
$10.00
$50.00
$80.00
$130.00
$3.25
(\ I
J(; )
V~
i
i
. ...J
l' AX Y'E..\A
2001-02 REAL ESTATE TAX NOTICE
."" C"~J;,'@AOl~gR I NG SCHOOL D I STR I CT
BETT~OCKENSMITH
108 WEST- STREET
NEWVILLE'PA 17241-1008
~Ci(lOL-RliT . .
~n~:!=-___-9.---..l,Ml' -';,!~
, 611.86'
i : I
i 624.35\ I
\ 6.a6...:L9!_~__.__.J--_. '
,
- ~,~
. .
%P
ACCT NO 27-20-1754-080
HIPPENSTEEL, BARRY ~
35 PARSONAGE STREET
NEWVILLE PA 17241
DATE
.. SCHOOL" JULY 1 2001
I:, TUES 9AM-12NOON
. CLOSED SEPTEMBER
717-776-5511
ASSESSMENT SILL NO. C2
68,610 222
1-4PM 6-8PM
AND FEBRUARY
r- lA, - ~
( sip %52001
"kP
M OUf;ING TH1S flE'AIOO i 5'A,'(!,,"S AMCum
I
ULY-AUGUST' 6.11.86 I'
EPT-OCT I ~Ei24. 35~,
._L-..::::E:S6..-29..J
PARSONAGE STREET
...-...-
LAND LESS THAN 1 ACRE
~IA'I'i'!III'loi.~,.,;9''''''~'H!''Oi!I~I!~~'~l'']I' ~"~'1,~U"'9,;,,~C:j."J'1~'JI~~1'1~~'I';A' 1.1:"""""_""':.11"-_
IF TAXES ARE IN ESCROW, FORWARD
THIS BILL TO YOUR MORTGAGE COMPANY
IF UNPAID BY 12/20/01 TAXES WILL BE
TURNED OVER TO CUMBERLAND CO.
TAX CLAIM BUREAU.
$1.00 FEE FOR ADD'L RECEIPTS REQUESTED
f..c;;H pic I sc.lL..RE.S___Ls..C1LQCC '" -----. .
10 rop "I 1 ~_----'~_lQ.g.Ml:i':-O-MT""""'%"--ML-P---._...rill>"" '''''lli~ri:'''I'l.,.T\''''~''''''''''~
4.90, 4. 90[ 235.-20r------j--,,~-.-,,-...~.DU"'''''-TH/S..",,'''- ,__~<Y THIS '.0""" '.
l 5.00: ,5.001 ,240.00',' ~TI~P~IS~OjJNT (JULY-AUGUST, -2-45:O'O-i,
5.50; 5.50. 264~0 I a TY SEPT-OCT ! .......-2:>u.uQJi
I I ____' I rOV 1 I '''275.00 I
_______.~..'"_____..L.____.___.___,~_ ___or)
( SEP%52001 .' -
-JilF UNPAID BY 12/20/01 TAXES
WILL BE TURNED OVER TO
___ ELINQUENT COLLECTOR.
ACCT # 027-0000836
TITLE IS 90 JOB TITLE: MECHANIC
OR 532-7286 ~~~S6~~~~ DATE OF BILL
TAX YEAR
2001-02 PERSONAL TAX NOTICE
"'~~$"~~~~NG SCHOOL DISTRICT
BETTY L HOCKENSMITH
108 WEST STREET
NEWVILLE PA 17241-1008
HIPPENSTEEL, BARRY E
35 PARSONAGE ST. .
NEWVILLE PA 17241
DATE
.. SCHOOL .. JULY 1 2001
~. TUES 9AM-12NOON
. CLOSED SEPTEMBER
717-776-5511
_>\;:s.;~SS;'.iEN", B!Ll NO. C 2
300 366
1-4PM 6-8PM
AND FEBRUARY
Dt1~I~~rn1~WI4;~O~
CALL 240-6365 OR 697-0371 EXT 63~~
Diversified Appraisal Services
Real Estate Appraisers and Consultants
35 East High Street
Suite 101
Carlisle, Pennsylvania 17013-3052
Tel: 717,249,2758
Fax: 717.258,4701
INVOICE
DATE: October 29,2001
TO: The Estate afBarry E Hippensteel
FOR: Appraisal Reports
$250 - Residential appraisal of35 Parsonage Street, Newville,
$800 - Commercial appraisal of6 West Green Street, Newville,
AMOUNT: $1,050,00
Thank Yau,
i.L C~~
c:7'\tJI~-~~
Larry E Foote
Certified General Appraiser
GA-0000J4-L
Tax ill Number 206-36-6731
Invoice
No.
I I
~___.~___,.______ "....~._"__.___..__.__._____..J
SOLD TO
SHIP TO
~_-,,~':t6"'''''~ZFt''~::'':Ik~"';;J"r.''''
")J~;~t_f\l fl..l1.i i~"jm:::~~~~I;~.
.m,~.._._,d1<""....'""",,,,: ,_.~-,.,
i
i
,
\
---_..._-~--,-,._------~-'- ----'--
-... ..." ....-..
s an fUllera s LIsle
G.
rick
rkpatrick,
of Quincy
ist Home,
or Scot.
'f~pnWO()(!
du'\"ilte,
.Juty 12,
ynesboro
, ~;h(~ had
for thl"ee
2.':1, lOGS.
le was a
the late
~d E l'fie
r
wirJowot'
'kpatrick
kpatrid{
75.
.rick was
uate of
.: High
i[r. and
:k owned
Ie former
Meat
:lanrJ for
iring in
arriage,
~mploycd
,Old Na-
on the
ambers-
rick was
'eenwood
. Fayet-
s a for-
school
c of the
Monthly
was ac-
mission-
chapel.
visitinJ{
in the
associa-
.urch ac-
trick is
) duugh~
K. (1V1r::;,
cklas of
Joanne
James)
ersburg;
Jseph G.
Fayet-
bert B.
Jr. of
.. one
1 Gabler
ug; l;~
.~ ----.--'
Jesse C. Mellott
Carlisle
.Jes:-,p Chl~ster i\lellott;,
7~), or 7 Hi Alh~n [{n,ld,
(;arlis1t', died S;ltunlav
.J uJy 1-1. 2001, in U~(:
Todd :'vlenwrial Hllnw,
Carlisle.
EMn Sept. ~9, 1~)22, in
Carli:.;J(,. he was the son
of the late ,Jacob Colond
and Ethel Clarissa
Hottry Mellott.
He was the widower
of S,lra Isabel Goouhart
Nldlott.
L\lr. Mllllott was a
lite-long farmer, former
employee of Petermans
Power Equipment Inc_,
Carlisle, and was a re-
tired employee of the
Carlisle School District
where he was a school
bus driver.
Eo was a memher of
the Waggoners United
Methodist Church, where
he was a former super-
intendent and teacher
in Sunday "ehool and a
member of class No.1 of
the Sunday school.
1\Ir. Mellott was a
U.S. Army veteran of
World War II, serving
with the 394th fnfantry,
99th Division, serving
in Germany and at the
Battle of the Bulge. He
received the Good Con-
duct Medal, Good Con-
duct Clasp, Expert In-
fantry Badge, the EAl\I
Hibboll and the Combat
Infantryman Badge.
Ht;\ is ~urvived by a
daughter, Barbara A.
Mellott of Carlisle; a
son, Richard L. Mellott
of Carlisle; a brother,
Frank Mellott of
Carlisle; a sister, l\larie
Kepner of Carlisle; three
grandchildren; <lnd
three great-grandchil-
dren.
Mr. Mellott was pre-
cc_ded in death by two
brothers, Lester ;lnd
Colonel; two sisters,
Elsie Lay and Elva De-
Hart: and a great-
grandson, Michael
Jumper.
Funeral services win
be held Wednesday at 10
11. Ill. in \Vaggont!rs
United Methodist
Barry E.
Hippensteel
NI.C\vvilk:
Barry E. lIippt'nstet'l,
;')(), of .\I"ewville, died
Thursd.av. .hdv 12, 20tH,
at He,:shey. l\Iedical
Center H.'i :) result of a
fal!.
Born Feb. 5, 1951, in
Carlisle, he was a son of
Sarah B. (Bolen) Hip-
pensteel of Mechuni<:s-
burg and the late Paul
R. Hippensteel.
He was partner and
manager at Hippensteel
Autll Bodv, Newville.
1\1r. Hi.ppensteel was
a member of the
Newvitle VFW, Big
Spring- Fish and Game
Associntion and Sons of
the Amt'riean Legion
Post 109, Mechanics-
burg.
He was an avid
sportsman.
111 addition to his
mother, he is survived
by onc daughtcr, Allison
Hippensteel of King of
Prussia; one stepson,
Trnvi.s Flaharty of Stcr~
retts Gap; one brother,
Tom Hippensteel of Me-
chaniesburg; tWQ hatf-
brothers, Pete Bolen of
Blain and Richard Hip-
pensteel of Newville;
and several nieces and
nephews.
In addition to his fa4
ther, Mr. Hippensteel
was prcl:cdcd in death
by a half sister, Betty
Wenger.
IVlemorial services
will be held Friday at 2
p.m. in Myers Funeral
Home, 37 E. Main St.,
Mechantcsburg. Pastor
Nathan W, Walker will
llfficiate. Interment wi\.l
be private at the
convenience of the fam-
ily.
Visitation will be
Friday from 1 to 2 p. m.
in the funeral home.
Memorial contribu4
tions may be made to
Newville" Friendship
Hose Company No.1,
P.O. Box 218, Newville,
PA 17241.
Spaces
Road-tested tips to help parents
survive the miles with their kids
rvlore than 18 million
American families will
take to the road for
SUUlmer vacations this
yeur. According to Liz
Walsh, president and
founder of Survive the
Drive and a premiere
expert in traveling with
kids, the following 15
tips should be required
reading for all parents
hoping to "survive the
drive" with their kids
this summer. These
tried and true, road-
tested tips have hdped
thousands of families
traveling millions of
miles.
L Pack a roll of tin
foil and let the kids
create tin-foil sculp-
tures. (Shiny, noisy,
easy to sculpt - what
could be better or
cheaperD
2. Add multi-colored
pipe cleaners to the
sculpting mix and
you'll have master-
pieces.
3. Give your kids 25
pennies. Reward them
for cooperation. If they
have all their money
when you stop, promise
to double their money.
4. Bring a container
of baby wipes - don't
ask, just bring them.
5. Give each child a
clipboard. It helps keeps
papers secure on laps
and is great for passing
tic-tac-toe and Hang-
man games back and
forth.
6. Have an easily ac~
cessible change of
clothes for every mem-
ber of the family. (If you
have to ask why, you are
in for a REAL surprise).
7. Plan stops. It gives
everyone something to
look forward to. If
you're looking for some-
thing out of the ordi~
nary, try www.roadside
america.com.
S. If heading to the
beach or laKe or any
place with swimming,
pac,k a pool bag with
suits, sunscreen, floata-
tion devices and towels.
Do not bury this bag in
th" ~rllnkr
The map has other
games and activities
included.
1,1. Use the time in the
car to talk with your
kids. Let them ask ques-
tions about when you
were growing up. Who
wa~ your first boyfriend
or girlfriend? What
subject did you hate in
school? What subject did
you love? Who was your
favorite teacher and
why? What was the most
emba....assing moment
in your life?
14. Ask your kids
questions, If you were
presiJent, what would be
your first law? If you
could luvite anyone in
the world to dinner, who
would it be? If you could
make up a new holiday,
what would it be?
15. Have the car de-
tailed when you get
home - until then - Do
NOT worry about the
mess in the car!
Pre-need funerals can be
sold only by directors
The Pennsylvania
Supreme Court declines
to hear a Common4
wealth Court ruling that
unlicensed sales of pre.
arranged funeral ser-
vices are illegal.
The issue originated
in 1996 when a com~
plaint brought against
Andrew D. Ferguson III,
a Union town funeral
director, and Faye
Morey, an agent of
Baltimore Life Insur-
ance Co. Ferguson had
been assisting Morey,
who was selling pre-
need arrangements
without a license. The
cases were brought to the
State Board of Funeral
Directors, the Common-
wealth Court of Penn-
sylvania. and recently
to the Pennsylvania
Supreme Court.
Previously, the Com-
monwealth Court of
Pennsylvania held that
only a licensed funeral
director can engage in
pre-arranged sales of
funeral goods and ser-
vices. The Common-
wealth Court also af-
firmed the State Board
of Funeral Directors
which in October 2000
suspended Ferguson's
funeral license for two
years, which was then
stayed, and fined him
$4,000 for aiding the un-
licensed practi~e of fu-
neral directing. In addi-
tion, Morey was fined
$4,000 for practicing fu-
neral directing without
a license. She was seU~
ing pre-arranged funer-
als that were funded by
life insurance policies
and then assigned to
Ferguson's funeral
home.
The Pennsylvania
Supreme Court has de-
nied petitions for at.
lowance of appeal in the
Ferguson and ~lorey
cases. It is extremely
unlikely that the United
States Supreme Court
would agree to review
the Ferguson and Morey
cases, Therefore, the
July 2, 2001, Pennsyl-
vania Supreme Court
order means that the
Commonwealth Court
ruling will stand and
become the law on these
issues.
Free yourself from smoking
Chambersburg Hospi-
tal will otfer the Ameri.
can Lung Association's
Freedom from Smoking
Program on six
The program win be
held in Classroom 1, lo~
cated on the ground
floor of the hospital. The
cost is $79 per. p,ers?n,
""
""-.J
~
~
'"
LAST WILL AND TESTAMENT~\ (Q) py
I, BARRY E. HIPPENSTEEL, of the Borough of Newville,
Cumberland County, Pennsylvania, declare this to be my Last Will
and Testament and revoke any Will or Codicil previously made by
me.
ITEM I:
I direct that all my just debts (except as may be
barred by a Statute of Limitations) and my funeral expenses
(including my gravemarker and expenses of my last illness) shall
be paid from my residuary estate as soon as practicable after my
decease as a part of the administration of my estate.
ITEM II:
I bequeath those articles of my household furniture
and furnishings and those articles of my personal effects and
personal property as set forth in a separate memorandum (which is
signed by me, dated and makes specific reference to this Will and
memorandum, which I shall place with my Will or deposit with my
attorney). to the persons therein designated.
ITEM III: I devise my residence real estate situated in the
Borough of Newville. Cumberland County, Pennsylvania (which has an
address of: 35 Parsonage Street, Newville, Pennsylvania, 17241.
together with the household goods and furnishings and all other of
my tangible personal property (but not including cash or
securities and not including any such items specifically
bequeathed in Item II above and not including such property which
is utilized by me in my businesses)) to my friend and former
stepson, TRAVIS FLAHARTY, provided he shall survive me by thirty
;::?
~
~
.~
(30) days. This gift is made free of and is intended to be free
of the provisions and limitations of Section 2514, Subsections
16.1 and 16.2 of the Pennsylvania Probate, Estates and Fiduciaries
Code.
It is my intention hereby that my attorney-in-fact acting
pursuant to a Power of Attorney which I am simultaneously herewith
executing or have heretofore executed or may hereafter execute or
any guardian of my estate should one be appointed, either before
or after my possible incapacity or other disability, shall be free
to sell, mortgage or otherwise dispose of this real estate, if
such sale, mortgage or other disposition shall, in the sole
discretion of my attorney-in-fact or guardian, be needed for my
care, comfort, support or health, free and unrestricted by the
provisions of the above referenced Sections.
To carry out my
intent and purpose hereunder, I specifically make the above gift
free of any rights or claims of the legatees or devisees during my
lifetime, and should any such claims be made or asserted, then and
in that event, this gift shall become null and void and the
property bequeath or devised hereunder or the proceeds therefrom
shall pass as a part of my residuary estate pursuant to ITEM VII
below.
ITEM IV:
I have designated my friend and former stepson.
TRAVIS FLAHARTY, as the beneficiary on a life insurance policy
upon my life, and upon my Individual Retirement Account (IRA) and
upon my Brokerage Account for stocks and mutual funds and I want
2
~
~
~
..........
to confirm such beneficiary designations and bequeath to TRAVIS
FLAHARTY any IRA and any stocks or mutual funds that I own at the
time of my death.
ITEM V: I have designated my daughter, ALLISON WALTERS, as the
beneficiary on a life insurance policy upon my life and I want to
confirm such beneficiary designation and to bequeath to ALLISON
all checking accounts, saving accounts and certificates of deposit
(and any other deposit accounts in any bank, savings and loan
association, credit union or other institution) that I own at the
time of my death.
ITEM VI:
If my friend and employee, TOM LEHMAN, survives me
and at the time of my death is still employed by me in
HIPPENSTEEL'S BODY SHOP (Steelstown Road, Newville, Pennsylvania)
I give, devise and bequeath to TOM LEHMAN my interest in the
business (and the assets thereof) operated by me with my brother,
RICHARD HIPPENSTEEL, know as "Hippensteel's Body Shop".
Should
TOM LEHMAN not survive me or at the time of my death, not be
employed by me in Hippensteel's Body Shop, then I give, devise and
bequeath my interest in such business to my brother, RICHARD G.
HIPPENSTEEL.
ITEM VII: I devise and bequeath all the residue of my estate
of every nature and wherever situate to my daughter, ALLISON
WALTERS, providing she shall survive me by thirty (30) days.
Should my daughter, ALLISON WALTERS, predecease me or die on or
3
~
~
~
before the thirtieth day following my death but leaving
descendants who so survive me, such descendants shall receive, per
stirpes. the share that such predeceased child would have received
had he or she so survived me.
ITEM VIII:
I direct that all taxes that may be assessed in
consequence of my death, of whatever nature and by whatever
jurisdiction imposed, shall be paid from my residuary estate as
part of the expenses of the administration of my estate.
ITEM IX:
I appoint my brother, RICHARD G. HIPPENSTEEL,
Executor' of this my Last Will.
Should he fail to qualify or
cease to act as Executor, I appoint my brother, TOM HIPPENSTEEL,
Executor of this my Last Will.
ITEM X:
I direct that my Executor or their successors shall
not be required to give bond for the faithful performance of their
duties in any jurisdiction.
ITEM XI:
My individual fiduciary shall be entitled to
reasonable compensation for his or her services rendered from time
to time and/or to reimbursement of out of pocket expenses.
ITEM XII:
The interests of the beneficiaries hereunder shall
not be subj ect to anticipation or to voluntary or involuntary
alienation.
ITEM XIII:
In addition to other powers vested in my Executor
by law and other provisions of my Will, I hereby specifically
authorize my Executor to continue the operation of any business in
4
which I may be interested or engaged at the time of my death
(regardless of the form or organization of any such business),
without the necessity of seeking approval from any Court and
without having to give any bond or other security, until such time
as my Executor may deem it advisable to sell, liquidate or
distribute the same in kind. My Executor shall have all the rights
and powers in connection with such business as I had when living.
IN WITNESS WHEREOF, I hereunto set my hand and seal to this
my Last Will and Testament, written on six (6) sheets of paper,
dated this 2!>-d day of 4<<7 '" ~ f- , 1998.
IS! 6 ~)~t.v1;/(sEAL}
BAR E. HI l?ENSTEEL
/5/
/5/ ~~?tpJ
The preceding instrument, consisting of this and five (5)
other typewritten pages, each identified by the signature or
initials of the Testator, was on the day and date thereof signed,
published and declared by the Testator therein named, as and for
his Last Will, in the presence of us, who, at his request, in his
presence, and in the presence of each other have subscribed our
~na~/ as ~~nec~sles. h~reto.
~~~kkJ. __ ' residing at AI~t/,'lt i7;.
,
residing at
fo{6wy j7A-
5
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
ss.
I, BARRY E. HIPPENSTEEL, the Testator whose name is signed to
the attached or foregoing instrument, having been duly qualified
according to law, do hereby acknowledge that I signed and executed
the instrument as my Last Will; and that I signed it willingly and
as my free and voluntary act for the purposes therein expressed.
14 ~~~EALI
BARRY . HIP STEEL
/s/
Sworn to or affirmed and acknowledged
before me by 8MR.'fE. HIPPENSTEEL-, the
Testator, this ~C:;~ day of
QuO'-~ , 1998.
...p ~ NOTAriIALeEJ\L
d)l7uJ.,. Q. . LOIS Po. SQl..LErlli:;f1GER. llCiDly PubIoc
N6tary Public I Shiptlllsburg Boro. Cumberland County
M' Commission E>.pireo March 3. roo!
COMMONWEALTH OF PENNSYLVANIA
ss.
COUNTY OF CUMBERLAND
We, U.<w1'\II..-roN Co. ::o.AJ\ s. and -r'r?II~IA m. 6R.oot<.E:JIJS ,
the witnesses whose names are signed to the attached or foregoing
instrument, being duly qualified according to law, do depose and
say that we were present and saw the Testator sign and execute the
instrument as his Last Will; that the Testator signed willingly
and executed it as his free and voluntary act for the purposes
therein expressed; that each subscribing witness in the hearing
and sight of the Testator signed the Will as a witness; and that
to the best of our knowledge the Testator was at the time eighteen
(18) or more years of age and of sound mind and under no
constraint or undue influence.
/sl
Is!
Sworn to or affirmed and subscribed to
before me by ~A-w\I'-T1)"'" C:. 'bAVIS, and
""TRlll.lA- (h. .(l,~ao~I:7-JS, witnesses, this
..a~ day of n,'-1}'.J- , 1998.
Is! ~&-i..- Q. ~
'Notary Publi i NOr:'RIAL SEAl
. '_OIS A. SOll.t'N&RGE!I. N<lWy ~
i~:-,i.'p9m~buro Bora. CumbMtand Councy
I .: '; Ccmmioslcn &01.... March 3. 2001
HIPPEN 02f25/2!:102 12:24 PM
/'.1".."
I
Form 1065 u.s. Return of Partnership Income OMS No. 1545-0099
Department o( the Treasury For calendar year 2001, or tax year beginning. ........ ... . and ending . 2001
Internal Revenue Sel"\lice .. See seoarate instructions.
A Principal business activity Name of partnership 0 Employer Identification number
Auto Bodv Re Use the
IRS
B Principal product or service label. Hippensteel Auto Bodv 25-1445513
Other- Number. street, and room or suite no. If a P.O. box. see page 13 of the instructions. E ~a~ ~U~iij ~t~ed
Repairs wise, 6 West Green Street
print F Tot<;ll assets ~ee page 14 of
C Business code number or type. City or town. state, and ZIP code the mstructio s)
811120 Newville PA 17241 $ 24 501.
G Check appticable boxes: (11 0 Inilialretum (2) 0 f\na\retum (3) 0 Namechange ~) 0 Addresschange
H Check accounting method: (1) 0 Cash (2) gg Accrual (3) U Other (specify) II'--
I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year II'--
(5) 0 Amended return
.3
Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information.
1. Gross receipts or sales 1. 108 036
b Less returns and allowances 1b 1c 108 036
2 Cost of goods sold (Schedule A, tine 8) 2 56 280
......... ............... ...........
3 Gross profit. Subtract line 2 from line 1 c ......... ......... 3 51 756
Income ......... . . . . . . . . . . . . . . .
4 Ordinary inc. (loss) from other partnerships, estates, & trusts (aU. sch.) .. 4
..........
5 Net farm profit (loss) (attach Schedule F (Form 1040)) 5
6 Net gain (loss) from Form 4797. Part n, line 18 ......... 6
. . . . . . . . . . . . . .
7 Other income (loss) (attach schedule) . . . . . . . . . . 7
. . . . . . . . . . . . . .
B Total income loss. Combine tines 3 throu h 7 . 8 51. 756
9 Salaries and wages (other than to partners) (less employment credits) .......... 9
10 Guaranteed payments to partners 10 20 1.80
11 Repairs and maintenance 11 365
12 Bad debts .......... 12
Deductions 13 Rent 13
(see pg.15 of 14 Taxes and licenses ... ,gElEl .S.tlTl.t. :to 14 1. 165
theinstruc. 15 Interest 15 34
tions for 16. Depreciation (if required, attach Form 4562).... 16. 153
limitations) b Less depreciation reported on Schedule A and elsewhere on return 16b 16c 153
17 Depletion (00 not deduct oil and gas depletion.) 17
.........
18 Retirement plans, etc. 18
.........
19 Employee benefit programs 19
20 Other deductions (attach schedule) ....I3ElE! .?tlTl.t..:l 20 19 81.4
21 Total deductions. Add the amounts shown in the far ri ht column far lines 9 throu h 20 21 41. 71.1.
22 Ordina income loss from trade or business activities. Subtract line 21 from line 8 22 1.0 045
Sign
Here
Under penalties of perjury, J declare that I have examined this retum. including accompanying schedules and statements, and 10 the best of my knowledge
and beliel, il is true, correcl. and complete. Declaration of preparer (olher than general partner or limited liability company member is based on air
information of which preparer has any knowledge. May the IRS discuss this return
1/ /I"/J-
~ D"e
Check if
self.em 10 ed II'--
inSln.lctions '1
Paid
Pre parer's
Use Only
~ s; ",,,e 0 ,"",, "'oe, 0' "o,,'ed ",bilil
Preparer's
com an member
si nature
iUJYWct a
Gift & Associates
1.205 Manor Drive,
Mechanicsbur PA
Preparer's SSN or PTlN
POO1.95974
EIN" 26-0006710
jf self-employed),
Suite
100
17055
Phone
address, and ZIP code
00.
71.7-766-3555
Fo<m 1065 (2OG')
For Paperwork Reduction Act Notice, see separate instructions.
DAA
HIPPEN 02125/200212:24 PM
Form 1065(2001' Hippensteel Auto Body
25 1445513
, - PaQe 2
cSc;heduleA Cost of Goods Sold (see Daoe 18 of the instructions)
1 Inventory at beginning of year 1 650
." ."
2 Purchases less cost of items withdrawn for personal use 2 43,437
....... .... '" ..... .... .....
3 Cost of labor 3 13 068
............
4 Additional section 263A costs (attach schedule) 4
.' ...... .... ".
5 Other costs (attach schedule) . 5
." .......
6 Total. Add lines 1 through 5 6 57 155
". ". .... .... .... ." .... .... ........ ."
7 Inventory at end of year 1 875
." ..... .... .... " .....
8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 . 8 56 280
.... ......... " . . . . . . .
9a Check aU methods used for valuing dosing inventory:
(i) ~ Costas described in Regulations section 1.471-3
(ii) Lower of cost or market as described in Regulations section 1.471-4
(iii) Other (specify method used and attach explanation)" ............ . . . . . . . . . . . . . .
b Check this box if there was a writedown of "subnormal" goods as described in Regulations section 1.471-2(c)
c Check this box if the LIFO inventory method was adopted th(s tax year for any goods (if checked, attach Form 970)
d Do the rules of section 263A (for property produced or acquired for resale) apply to the partnership? .
e Was there any change in determining quaotities, cost, or valuations between opening and closing inventory?
If "Yes: attach explanatfon.
, , :~
PH
P Ves No
Ves No
s2fieameB. Other Information
1 What type of entity is filing this return? Check the applicable box;
a ~ Domestic general partnership b ~ Domestic limited partnership
: ~ ~::i~~j::::~:~~:bililY company : ~ ~~:;sti~im~t~.~ ~j~~~l~t~.~~~~~.r~~~~ _..........
2 Are any partners in this partnership also partnerships? .........................................."....
3 During the partnership's tax year. did the partnership own any interest in another partnership or in any foreign
entity that was disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and
301.7701-3? If yes, see instructions for required attachment...........................................,...........,.... .............
Is this partnership subject to the consolidated audit procedures of sections 6221 through 62331 If "Yes," see
Designation of Tax Matters Partner below. . . . . . . . . . . . . . . . . . , . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , , . . . . . . , . . . . . .
. . . . . . . . . .
Does this partnership meet aU three of the following requirements?
a The partnership's total receipts for the lax year were less than $250,000;
b The partnership's total assets at the end of the tax year were less than $600,000; and
c Schedules K.l are filed with t/1e return and furnished to the partners on or before the due date (including
extensions) for the partnership return.
If "Yes," the partnership is not required to complete Schedules L, M-1, and M-2: Item F on page 1 of Form 1065;
or Item JonSchedule K-l ................ ...... ....... ..... ......... ........
Does this partnership have any foreign partners? If "Yes," the partnership may have to file Forms 8804, 8B05
and 6813. Seepage 20 of the instructions ............... ..,........ ......................
\s this partnership a publicly traded partnership as deflOed in section 469{k){2)? .....
Has this partnership filed, or is it required to file, Form 8264, Application for Registration of a Tax Shelter?
At any time during calendar year 2001. did the partnership have an interest in or a signature or other authority
over a financial account in a foreign country (such as a bank account. securities account, or other financial
account)? See page 20 of the instructions for exceptions and filing requirements for Form TO F 90-22.1. If "Yes."
enter the name of the foreign countcy..... .... .,... ......... _............... ............
10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to. a
foreign trust? If "Ves." the partnership may have to file Form 3520. See page 20 of the instructions ......,
Was there a distribution of property or a transfer (e.g., by sale or death) of a partnership interest during the tax
year? It ''Yes.'' you may elecl to adjust the basis of the partnership's assets under section 754 by attaching the
statement described under Elections Made By the Partnership on page 8 of the instructions
12 Enter the number of Forms 8865 attached to this return
Designation of Tax Matters Partner (see page 20 of the instructions)
Enter below the general partner designated as the lax matters partner (rMP) for the tax year of this return;
x
x
4
x
5
6
x
X
X
7
8
9
x
X
11
~
Name of
desi nated TM?
Address of
desiQnated TMP
DM
~
Identifying
number of TMP
~
210-32-7496
Richard G. Hi ensteel
452 Centervi1le Road
Newville PA 17241
Form 1065 (2001)
HIl-"PEN 02/28/2002 12:12 PM
Form 1065 (2001)
Si:hedule K
fa\ Distributive share items Ib) Total amount
1 Ordinary income (loss) from trade or business activities (page 1, line 22) 1 10 045
2 Net income (loss) from rental real estate activities (allach Form 8825). ... 13al 2
3a Gross income from other rental activities i.;
b Expenses from other rental activities (attach sch.) I 3b I i
c Net income (loss) from other rental activities. Subtract line 3b from line 3a 3c
4 Portfolio income (loss): a Interest income 4a 139
Income b Ordinar'j' dividends 4b
(Loss) c Royalty income 4c
d Net shorHerm capital gain (loss) (attach Schedule 0 (Form 1065)) 4d
o (1) Net rong-Ierm capilar gain (loss) (allach Schedule D (Form 1065)) 4011\
(2) 28% rate gain (loss) ~ (3) Qualified 5~year gain ~
f Other portfolio income (loss) (attach schedule) ...... 4f
5 Guaranteed payments to partners. 5 20,180
6 Net section 1231 gain (loss) (other than due to casualty or theft) (attach Form 4797) . 6
7 Other income ([oss\ (attach schedule\ . 7
8 Charitable contributions (attach schedule) ....... ... .... See Stmt 8
....
9 Section 179 expense deduction (attach Form 4562) . ........ 9 8 235
Deductions 10 Deductions related to portfolio income (itemize) 10
....
11 Other deductions (attach schedule) ;i
12a Low-income housing credit:
{1} From partnerships to which section 420)(5) applies 12al1
(2) Other than on line 12a(1). 12a(2
Credits b Qualified rehabilitation expenditures related to rental real estate act. (att. Form 3468) ... ..... ....... 12b
c Credits (other than cr. shown on lines 12a & 12b) related to rental real estate activities ... 12c
d Credits related to other rental activities ...... ... 12d
13 Other credits 13
Invest- 14a Interest expense on investment debts ... .... ...... ... ...... ... 14a
ment b (1) Investment income included on lines 4a, 4b, 4C, and 41 above ......... .... 14b/1 139
Interest 121 Investment exoenses included on line 10 above 14b'2
Self- 15a Net earnings (loss) from self-employment. ....... .... 15a 21 990
Employ- b Gross farming or fishing income ...... 15b
ment c Gross nonfarm income 15c 0
16a Depreciation adjustment on property placed in service after 1986 . ........ .... 16a
Adjust- b Adjusted gain or loss . 16b
ments ...
c Depletion (other than oil and gas) ......... ....... .... 16c
and Tax
Preference d (1) Gross income from oil, gas, and geothermal properties ..... '.d(.
(2) Deductions allocable to oil, gas, and geothermal properties ... ... '.d'2
Items Other adjustments and tax oreference items (attach schedule\ .
0 1 :::
17a Name of foreign country or U.S. possession" ....... .. ..... ..
b Gross income from all sources .... ....
... ....... 117c
c Gross income sourced at partner level ....
d Foreign gross income sourced at partnership level: F}iiifl
Foreign .... (2) listed cate~ories.. (3) General 17dlJ
(1) Passive (attach sch. limitation.... ~
Taxes 0 Deductions allocated and apportioned at partner level:
(1) Interest expense..... (2) Other ~ 170(2
....
f Deductions allocated & apprtn. at ptorshp. level to foreign source inc.: i
(') Passive..... (2) Listed cate~ories.. (3) General 17f(3
[jtachSch. l"imitation ..
9 Total foreign taxes (check one):.... Paid Accrued 0 170
h Reduction in taxes available for credit (attach schedule\ '7h
18 Section 59(e)(2) expenditures:
a Type~ b Amount ~ 18b
19 Tax-exempt interest income 19
Other 20 Other tax-exempt income 20
21 Nondeductible expenses. 21
22 Distributions of money (cash and marketable securities) . 22 13 108
23 Distributions of property other than money . 23
24 Other items & amounts reauired to be reoorted ~eD~~~ieJ~'t~' ~~rt~~;s' i~tt. s~h:) , i. './/
Hippensteel Auto Bodv 25-1445513
Partners' Shares of Income Credits Deductions etc
Paqe 3
OAA
Form 1065 (2001)
JoIlPPEN 02125/200212:24 PM
25-1445513
Pa e4
2
Net income (loss). Combine Schedule K. lines 1 through 7 in column (b).
sum of Schedule K, lines 8 throu h 11. 14a. 17 . and lBb
Analysis by (iiJ Individual
(i) Corporate
partner type: active
(vi) Nominee/Other
From the result, subtract the
22 129
1
(v) Exempt
or anization
(iii) Individual
(iv) Partnership
Assets
a General partners
b Limited artners
SchedUlet. Balance Sheets er Books
uired if Question 5 on Schedule B is answered "Yes,"
Be innin of tax ear
1
201 Trade notes and accounts receivable
b Less allowance for bad debts
3
4
5
6
Cash
Inventories
U.S. government obligations.
Tax-exempt securities
Other current assets
(allach schedule)
Mortgage and real estate loans ............
Other investments
(attach schedule)
9a Buildings and other depreciable assets
b Less accumulated depreciation
Depletable assets . ......................
Less accumulated depletion ...... . . . . . . . . .
Land (net of any amortization)
Intangible assets (amortizable only)
Less accumulated amortization
Other assets See Stmt 4
(allach schedule} . . . . . . . . . . .
Total assets ....................
Liabilities and Capital
Accounts payable
7
8
lOa
b
11
12a
b
13
14
15
16
17
Mortgages, notes, bonds payable in less than 1 year
Other current f1abilities .. ,S, ,e. ,e.., S" t, .mt 5
(attach schedule)
All nonrecourse loans
1
422
18
19
20
Mortgages, notes, bonds payable in 1 year or more
Other liabilities
(attach schedule} . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Partners' capital accounts . 24 078
22 Totalliabililies and ca ital . 27 054
:si!hIiHUiIiM~I'" Reconciliation of Income (Loss) per Books With Income (Loss) per Return
22 276
24 501
(Not reauired if Question 5 on Schedule B is answered "Yes,")
1 Net income (loss) per books 1 949 6 Income recorded on books this year not in-
..,
2 Income included on Sch. K, In. 1 through eluded on Schedule K. tines 1 through 7 (itemize):
4,6, and 7, not recorded on books this a Tax-exempt interest $
............ ... ... .....
year (itemize): .. ............ ... ....... ..... ..... .... .., ....... .......
... ....... ........
3 Guaranteed payments (other than 7 Deductions included on Schedule K, lines 1
health insurance).................. 20,180 through 11, 14a, 17g, and 18b, not charged
4 Expenses recorded on books this year nOI against book income this year (itemize):
inCluded on Schedule K, lines 1 through
11, 14a, 179, and 18b (itemize): a Depreciation $
.... ........ .......... ....
a Depreciation $ ..... .... .................
b ~~f~~kfnn~ent ......
$ ............ .... .... .., ......... ...... ... .......... .......
8 Add Jines 6 and 7
..... .... ........ ......... .... ........ ... ...... ....
9 Income (loss) (Analysis of Net Income (Loss),
5 Add lines 1 through 4 . 22,129 line 1). Subtract line 8 from line 5 . . 22 129
Si::lledlilliM.2 . Analvsis of Partners' Capital Accounts (Not reQuired if Question 5 on Schedule B is answered "Yes.")
1 Balance at beginning of year _ 24 078 6 Distributions: a Cash 13 108
2 Capital contributed during year 9 357 b Property .
3 Net income (loss) per books 1,949 7 Other decreases
4 Other increases . (itemize): .........
(itemize): ....
8 Add Jines 6 and 7 13 108
......... ......
5 Add lines 1 throuqh 4 35,384 9 Balance at end of vear. Subtract In. B from In. 5 22 276
DAA
Form 1065(2001)
HIPP'EN 02/28/2002 12:13 PM
, partner# 1
SCHEDULE K-1
(Form 1065)
Department of the Treasury
n erna Re en ervi
Partner's identi in number'"
Partner's name, address, and ZIP code
Partner's Share of Income, Credits, Deductions, etc.
llI-See separate instructions.
OMS No. 1545-0099
175-40-5042
and endin
Partnershi '5 identi in number"
Partnership's name, address, and ZIP code
2001
25-1445513
For calendar ear 2001 or tOix ear be innln
Barry E Hippensteel-deceased
35 Parsonage Street
Newville
A This partner is a general partner
o limited liability company member
8 What type of enlity is this partner?
C Is this partner a ~ domestic or a
PA 17241
limited partner
.64.5
foreign partner?
(I) Before change (ii) End of
~
o
Individual.
or termination
year
G Tax shelter registration number.
~
o Enter partner's percentage of:
Profit sharing %
Loss sharing %
Ownership of capital. %
E IRS Center where partnership filed return:
Cincinnati OH 45999-0011
29,OOOO()0'
29,.OOO()()0%
29,OOO()00'
H Check here if this partnership is a publicly traded
partnership as defined in section 469{k)(2)
o
Check applicable boxes: (1) ~ Final K-1 (2)
o Amended K-1
J Analvsis of Dartner's caoital account:
(a) Capital account at (b) Ca?itatcontributed (c) Partner's share of lines td) Withdrawals and (e) Capital account at end of
beginning of year during year 3,4, and 7. Form 1065, distributions year (com~~~~ ~~~mns (a)
Schedule M-2 throu h d
8 832 565 9 397 0
(a) Distributive share item (b) Amount (c) 1040 filers enter the
amount in column (bl on:
1 Ordinary income (loss) from trade or business activities 1 2 913 1see page. 0' Partna"
2 Net income (loss) from rental real estate activities 2 nstructions tor Schedule K-'
3 Net income (loss) from other rental activities 3 (Form 1065).
4 Portfolio income (loss): ,..X.......
a Interest .... 4. 40 Sch. S, Part I, line 1
b Ordinary dividends. . ....... 4b 8ch. 8, Part II, line 5
Income c Royalties... 4e 8ch. E, Part I, line 4
(Loss) d Net short-term capital gain (loss) . 4d Sch. D, line 5, eoL In
e (1) Net long-term capital gain (loss) 4011 Sch. D, line 12, coL <n
(2) 28% rate gain (loss) 4012 Soh. D, line 12, coL (9)
(3) Qualified 5-year gain 40/3 Line 4 ot wkst. for Sch. 0, In. 29
1 Other portfolio income (loss) (aU. schedule) . . 41 Enter on apptic. In. of your rtn.
5 Guaranteed payments to partner. 5 14 000 } Sae page 6 01 Partoa"
.... Instructions for Schedule K-1
6 Net section 1231 gain (loss) (other than due to casualty or theft) . 6 (Form 1065).
7 Other income (loss) (attach schedule\ 7 Enter on a"'~, In. of "our rtn.
Deduc- a C/'1aritable contributions (see inslr.) (at!. sch.l.. ..... S Sch. A, line 15 or 16
tions 9 Section 179 expense deduction. _ ... 9 2 388 } See page. 7 and' of
10 Deductions related to portfolio inc. {an. sch.) 10 Partner's Instructions for
11 Other deductions (attach schedule' 11 Schedule K-1 (Form 1065).
12. low-income housing credit: ii
(1) From section 42U)(5) partnerships .. 12a" J~ Form 8586, line 5
(2) Other than on line 12a(1) . ..' 12.f2
b Qualified rehabilitation expenditures related to rental real estate it
Credits activities 12b
c Credits (other than credits shown on lines 12a and 12b) related >{( } ~_W'.~
to rental real estate activities 12c Instructions for Schedule K.1
d Credits related to other rental activities 12d (Form 1065).
13 Other credits 13
For Paperwork Reduction Act Notice. see Instructions for Form 1065.
Schedulo K-1 (Form 1065) 2001
OM
Invest.
ment
Interest
Self-
employ-
ment
Adjust-
ments
and Tax
Prefer.
ence
Items
Foreign
Taxes
Other
Supple-
mental
Informa-
tion
OM
Tax~exempt interest income,
Other tax-exempt income.
Nondeductible expenses. '
Distributions of money (cash and marketable securities) ,
Distributions of property other than money
Recapture of low.income housing credit
a From section 42{j)(5) partnerships 24a
b Other than on line 24a 24b
25 Supplemental information required to be reported separately to each partner {at!. additio(lal sch. If more space is (Ieeded):
Barry E Hippensteel
Hi ensteel Auto Bod
(a) Distributive share item
14a Interest expense on investment debts
b (1) Investment income lncluded on lines 4a, 4b, 4c, and 4f
2 Investment ex enses included on line 10
15a Net earnings (loss) from self-employment,
b Gross farming or fishing income
c Gross nonfarm income
16a Depreciation adjustment on property placed in service after 1986 ,
b Adjusted gain or loss
c Depletion (other than oil and gas) ,
d (1) Gross income from oil, gas, and geothermal properties
{2} Deductions allocable to oil. gas, and geothermal properties
e Other ad.ustments and tax reference items
17a Name of foreign country or U.S, possession"
b Gross income from all sources
c Gross income sourced at partner level
d Foreign gross income sourced at partnership lellel:
(1) Passive
(2) Listed categories {attach schedule) ,
(3) General limitation
e Deductions anocated and apportioned at partner level:
(1) Interest expense
(2) Other.
14.
14b 1
14b 2
15.
15b
15c
16.
16b
16c
16d 1
16d 2
16e
9
h
18
Deductions allocated and apportioned at partnership level to foreign source income:
(1) Passive
(Z) Listed categories {attach schedule} .
(3) General limitation
Total foreign taxes (check one): '" "0' Paid ,. 0" Ac'~r~~'d:::::'
Reduction in taxes available for credit
Section 59(e)(2) expenditures; a Type....
b Amount
18b
19
20
21
22
23
19
20
21
22
23
24
25-1445513
14
P e2
(c) 1040 filers enter the
amount in column bon:
Form 4952, line 1
}See page 9 of Partner's
InstnJclions for Schedule K-1
(Form 1065).
52 5 Sch. SE. Section A or B
}see page 9 of Partner's
nslructions for Schedule K.l
o Form 1065 '
(b) Amount
40
See page 9 of Partner's
Instructions
for Schedule K-1
(Form 1065) and
Instructions for Form 6251.
arm 1116. Part I
9 397
Form 1116. Part 11
Form 1116 line 12
}Se8 page 9 of Partner's
nstrllc\ions tor Schedule K.1
(Form 1065).
Form 1040. line 8b
fe pages 9 and 10 of
artner's Instructions for
Schedule K-l (Form 1065).
}orm 8611. line 8
Schedule K-1 (Form 1065) 2001
Hi'PPEN 02125/200212:24 PM
Partner# 2
SCHEDULE K.1
(Form 1065)
Department of the Treasury
Inf rn ! Reven ervlce
Partner's identlf in number....
Partner's name, address, and ZIP code
Partner's Share of Income, Credits, Deductions, etc.
"'See separate instructions.
OMS No. 1545-0099
210 -32 -7496
, and endin
Partnershi 's identi in number"
Partnership's name, address, and ZIP code
2001
25-1445513
For calendar ear 2001 or tax ear be innin
Richard G. Hippensteel
452 Centervi11e Rd.
Newville PA PA 17241
A This partner is a general partner limited partner
o limited liability company member
B What type of entity is this partner? ... Indi vidual
C Is this partner a ~ domestic or aD' foreign part~~r? . . . . . . . .
(i) Before change (ii) End of
Hippensteel Auto Body
6 West Green Street
Newville, PA 17241
F Partner's share of liabilities (see instructions):
Nonrecourse $.... .. ~ .'. ~~.~
Qualified nonrecourse financing. $ . .
Other. $
or termination
year
G Tax shelter registration number
~
o Enter partner's percentage of:
Profit sharing %
Loss sharing %
Ownership of capital. . %
E IRS Center where partnership filed return;
Cincinnati OH 45999-0011
5.o,ooooqO% H
50,OO()()()0%
S.D., .0.00 0 000/,
Check here jf this partnership is a publicly traded
partnership as defined in section 469(k)(2) ....
q 0
Check applicable boxes: (1) 0 Final K-l (2)
o Amended K~1
J Analvsis of nartner's canjtal account:
laJ Capital account al (b) Capital contributed (c) Partner's share o( lines (d) Withdrawals and <e) Capital account at end of
beginning of year during year 3,4, and 7, Form 1065, distributions year (com~:~~ ~~mns (a)
Schedule M-2 throu h d
15 246 9 357 975 2 102 23.476
(a) Distributive share item (b) Amount (c) 1040 fliers enter the
amount In column Ibl on:
1 Ordinary income (loss) from trade or business activities .. ..' ......... 1 5 023 yea ,age 6 of Panne's
2 Net income (loss) from rental real estate activities ...... .... 2 nstructions for Schedule K-1
3 Net income (loss) from other renlal activities . (Form 1065).
,........ ..d. ..........
4 Portfolio income (loss):
a Interest .. .... .... ..... ......... ...... ... ...... 4a 70 5ch. e, Part I, line '1
b Ordinary dividends . q ..... .... .. ...... ... ...... 4b Sch. B, Part II, line 5
Income c Royalties. ... .... .... ..... .... 4c 5ch. E, Part I, line 4
........ .... .....
(Loss) d Net shorHerm capital gain (loss). ..... .... .. .... ....... .... .... 4d Sch. D, line 5, col. (f)
e (1) Net long~term capital gain (loss) ......... ... ... ....... 4e'l Sch. D,line 12, col. (f)
(2) 28% rate gain (loss) .... .... ... ..' .. .... ... .... .. .... 4e/2 Sch. D. line 12. col. (91
(3) Qualified 5-year gain. . ... .... ... ..... .... .. .... ... ... 4e'3 Line 4 of wkst. for Scll. D, In. 29
f Other portfolio income (loss) (aU. schedule) 41 Enter on applic. In. of your rtn.
....... .. .... ........
5 Guaranteed payments to partner. 5 } See ,age 6 a' Parto..'s
........ ... ...... ... ..... .. ..... ..... lnsll\lctions for Schedule K-1
6 Net section 1231 gain (loss) (other tnan due to casualty or theft) . ...... .... 6 (Form 1065).
7 Other income lIoss) (attach schedule\ 7 Enler on a-"Iic. In. of vnur rtn.
Oeduc- 8 Charitable contributions (see instr.) (atl. sch.l. 8 Sch. A, line 15 or 16
tions g Section 179 expense deduction. g 4 118 } s.. ,ages 7 aod a 0'
10 Deductions related to portfolio inc. (all. sch.) 10 Partner's lf1structlons for
11 Other deductions (attach schedule) . . Schedule K.1 (Form 1065).
12. Low.income housing credit:
(1) From section 42U)(S) partnerships 12af1 J~ Form 8586. line 5
(2) Other than on line 12a( 1) . . . . . . . . ..... ...... 12al2
b Qualified rehabilitation expenditures related to rsntal real estate Ii
Credits activities 12b
... ... ... ..... Ifi
c Credits (other than credits shown on lines 12a and 12b) related } --'''-'
to rental real estate activities 12c Instructions for Schedule K.1
....... ....... (Form 1065).
d Credits related 10 other rental activities 12d
13 Other credits 13
For Paperwork Reduction A.ct Notice, see Instructions for For0l1065.
Schedule K-1 (Form 1065) 2001
OM
H>zpEN Q,2/251200Z."'l4 PM
l'artnerlf ~
Richard G. Hippensteel
Schedule K.1lForrn 1065\2001 Hinnensteel Auto Bodv 25-1445513 Pane 2
(aJ Distributive share item (bl Amount (c) 1040 filers Inter the
amount In column (bl on:
Invest- 14a Interest expense on investment debts 14a FOml 4952. line 1
... .......
ment b (1) Investment income included on lines 4a, 4b, 4c, and 4f 14bl1 70 ~see page 9 of Partner's
nslructions for Schedule K-1
Interest i2l Investment exnenses included on line 10 14b/, (Form 1065).
Self. ISa Net eamings (loss) from self-employment. ..,. ISa 905 Sch. SE. Section A or B
employ- b Gross farming or fishing income 15b }:see page 9 of Partner's
nSlrUClion~\~or Schedule K-1
ment e Gross nonfarm incorT1e 15e 0 Form 1065 .
Adjust. 16a Depreciation adjustment on property placed \n service aner 1966 . 16a
ments b Adjusted gain or loss 16b See page 9 of Partner's
... lnstJuclions
and Tax e Depletion (otherthan oil and gas) . 16e ..~~r Schedule K.1
Prefer. d (1) Gross income from oil, gas, and geothermal properties 16df1
...... (Form tOGS) and
ence (2) Deductions allocable to oil, gas, and geothermal properties 16dl, Instructions for Form 6251.
Items . Other adjustments and tax nreference items 16.
11a Name of foreign country or U.S. possession ~ .... Ii
b Gross income from all sources. 11b
.... .....
e Gross income sourced at partner level ...... 11e
.. ......... lIT?!
d Foreign gross income sourced at partnership level:
(1) Passive ... ........ ....... .. 17df1
(2) Listed categories (attach schedule) . ..... .... . . . . . . . . . . . . ..... .... 17dlZ
(3) General limitation ...... ... .. ... '""'......... ....... ... 17d(3t
. Deductions allocated and apportioned at partner level: lli=orm 1116. Part I
Foreign (1) Interest expense ..... ..... ....... ....... ..... ....... ........ 11.11
Taxes (2) Other .... ....... ......... 17."
.. ... ... .........
, Deductions allocated and apportioned a\ partnership level 10 foreign source income:
(1) Passive .... .... .... . . . . . , . . . .... ......... 17fll
.... ...... 11f"
(2) Listed categories (attach schedule) . ..... .... .. ..... ...... .. .. ....
(3) General limitation ... ...... ....... 171/3
9 Total foreign taxes (check one):"" 'O"P~;d' 0 Accrued .. 110 Form 1116, Part II
h Reduction in taxes available for credit qj Form 11iS. line 12
18 Section 59(e)(2) expenditures: a Type.... ...... .... }SO. page 9 of Pertn.f,
....... ... .... .. .... ... .... nslmetions for Schedule K.1
b Amount .. ... ..". .... ..... ...... .... ... .. 18b (Form 1065).
19 Tax-exempl interesl income ...... .... .. ...... .... .... 19 Form 1040, line 8b
20 Other tax-exempt income ..... ... ..... ....... ... .. ...... ... 20
Other 21 Nondeductible expenses 21 }:. pag., 9 and 10 of
.. ..... ...... .. .... ... .. artner's Instruclions for
22 Distributions of money (cash and marketable securities) .. ...... 22 2.102
23 Distributions of property other than money 23 Schedule K-1 (Form 1065).
... ....... .....
24 Recapture of low-income housing credit: tg
a From section 42U)(5) partnerships ........ ....... ..... ... ...... 24. }t=orm 8611, line a
b Other than on line 24a 24b
25 Supplemental informalion required to be reported separately to each partner (alt. additional sch. if more space is needed):
........ .... .... ...... ..... .... ... ........ .. .... ..... ... .... .. ..... . . . . . . . . . . .... ... ..................... ......
.. .... ... ........ ...... ...... ...,. ... .... ... .. ......, >... .... ... .... .... .... .... ....... .. .... .... q ...
... ......... .. ....... ... ....... ... ....... ...... ... . . . . . . . .. .... ... .... . . . . . . . ,.... ...
..... ....,. ....... ...... ..... .. ,... ..... ... .... .. ..' ....... .. ... ...... .... ......... ...
q. .... ...... ..... .. ........ ..... ... ....... ...... .. ..... .. ... ..... ........
... .... ..' ....... .. .. .... ... ...... ...
Supple- ... .... ....... ..... ..... ... .....
mental ....... ... ...... ... ..... ...
..
Informa- ....... ... .... .... ..., ...., ..... ....... ... ..... ...
....
tion ........ ........ ..... ... ... ... ..' ... .... .. ......
.".... ... .... ....... .........
... .......
...... ..... ........ ... ..
....... ... q
... ... .....
DAA
Schedule K-1 (Form 1065) 2001
HfPPEN 02/25/200212:24 PM
Partner# 3
SCHEDULE K.1
(Form 1065)
Department of the Treasury
Intern I v n rvic
Partner's tdenttf In number'"
Partner's name, address, and ZIP code
Partner's Share of Income, Credits, Deductions, etc.
.....See separate instructions.
OMS No. 1545-0099
161-54-1361
, and endin
Partnershi 's identi In number'"
Partnership's name, address, and ZIP code
2001
25-1445513
For calendar ear 2001 or tax ear be inn ill
limited partner
Hippensteel Auto Body
6 West Green Street
Newville PA 17241
F Partner's share of liabilities (see instructions):
Nonrecourse $ .
Qualified nonrecourse financing. $
Other $"
467
Tom Lehman
314 Doubling
Newville
A This partner is a general partner
o limited liability company member
What type of entity is this partner? ...... .~.I?-di vi~1:l.~~.
Is thls partner a ~ domestic or aD' foreign partner?
(i) Belore change (ii) End of
Gap Road
PA
17241
B
C
or termination
year
G Tax shelter registration number .
~
o Enter partner's percentage of:
Profit sharing
Loss sharing
Ownership of capital.
E IRS Center where partnership filed return:
Cincinnati OR 45999-0011
% }1.000()()Oo/.
% 21,OO()()()()'t.
21.0000()0
H Check here if this partnership is a publicly traded
partnership as defined in section 469(k){2) ...... . .
o
%
Check applicable boxes: (1) 0 Final K-1 (2)
o Amended K.1
J Analvsis of nartner's canital account:
la) Capital account at (b) C<lpitaJ contributed (el Partner's share of lines (dJ Withdrawals and (e) Capital account 8t end of
beginning 01 year during year 3,4, and 7, Form 1065, distributions year (com~~~ ;~Wmns (a)
Schedule M-2 throu h d
409 1 609 -1 200
(a) Distributive share item (b) Amount (e) 1040 fliers enter the
amount in column lbl on:
1 Ordinary income (loss) from trade or business activities ... .' ..... ......... 1 2 109 ts.e peg. <; of Partnof.
2 Net Income (loss) from rental real estate activities ...... .... ... ....... 2 nslructions for Schedule K-1
3 Net income (loss) from other rental activities . (Form 1065).
....... ..,,'" '.,
4 Portfolio income (loss):
a Interest .... ..... ..' .... ..... ... ......... 4. 29 Sch. B, Part 1, line 1
b Ordinary dividends .. ...... ........ .... ....... '. ,.. .. ....... '., 4b Sch, B, Part II, line 5
Income e Royalties. . . . . 4e Sch, E, Part I. line 4
.... ......... ...... ., ..' .., .... ...... ........ ....
(Loss) d Net short-term capital gatn (loss)... ..... ..... .. ...... .. ,. ........... .. 4d Seh. D, line 5, col. (f)
e {1} Net long-term capital gain (loss) ....... ...,. .... ........ ....... 4el1 Sch. D, line 12, col. (n
(2) 26% rate gain (loss) ....... .... .... ..... .. ....... ..... ....... 4el2 Seh. D, line 12, col. (g)
(3) Qualified S.year gain. . ..... ...... ..... ... .... .. 4el3 Line 4 of wksl. for Sch, 0, In. 29
f Other portfolio income (loss) (elll. schedule) . 4f Enter on appllc. In. of your rtn.
........ .......
5 Guaranteed payments to partner. 5 6 180 } See pege 6 of Partnef,
...... ...... .... Instructions for Schedule K.1
6 Net section 1231 gain (loss) {olher lhan due to casualty or theft.) . .... f; (Form 1065).
7 Other income flos") (attach schedulel 7 Enter on ann~c. In. nf \H\ur rtn.
Deduc- 8 Charitable contributions (see ln5tt.) (at!. sch.).. . . . . . , . . 8 Sch. A, line 15 or 16
tions 9 Section 179 expense deduction.. ........ ...... 9 1 729 } Se. page' 7 and 8 01
10 Deductions related to portfolio inc. (at!. sch.) 10 Partner's Instructions for
.... Schedule K-l (Form 1065).
11 Other deductions (attach schedulel . 11
12a Low-income housing credit: i'{"
(1) From section 42(j)(5) partnerships ...... 12a/1 } Form 8586. line 5
(2) Other than on line 12a(1) ... 12a(2
b Qualified rehabilitation expenditures related to rental real estate IIIi
Credits activities 12b
.. .. ..iiJ
c Credits (other than credits shown on lines 12a and 12b) related } ~_.._.
to rental real estate activities 12e Instructions for Schedule 1<.1
..... ..... .... ... (Form 1065).
d Credits related to other rental activities ....... 12d
13 Other credits 13
For Paperwork Reduction Act Notice, see 1nstructions fot Form 10'05.
Schedule K-1 (Form 1065) 2001
OM
Invest.
ment
Interest
Self.
employ-
ment
Adjust.
ments
and Tax
Prefer.
ence
Items
Foreign
Taxes
Other
Supple.
mental
Informa.
tion
OAA
b Amount
19 Tax.exempt interest income.
20 Other tax.exempt income.
21 Nondeductible expenses
22 Distributions of money (cash and marketable securities) , , .
23 Distributions of property other than money
24 Recapture of low.jncome housing credit:
a From section 420)(5) partnerships
b Other than on line 24a
25 Supplemental information required to be reported separately to each partner (all. additional sch, if more space is needed):
Lehman
ensteel Auto Bod
(a) Distributive share item
14a lnlerest expense on investment debts
b {1} Investment income included on lines 4a, 4b, 4c, and 41
2 Investment ex enses included on line 10
15a Net earnings (loss) from self-employment.
b Gross farming or fishing income
c Gross nonfarm income
16a Depreciation adjustment on properly placed in service after 1966 .
b Adjusted gain or loss .
c Depletion (other than 0\1 and gas) .
d (1) Gross income from oil. gas, and geothermal properties
(2) Deductions allocable to oil, gas, and geothermal properties
e Other ad'ustmenls and tax reference items
17a Name of foreign country or U.S. possession....
b Gross income from all sources
c Gross income sourced at partner Jevel
d Foreign gross income sourced at partnership level:
(1) Passive
(2) Listed categories {attach schedule) . .
(3) Generallimitalion ".. . . . . . , ' , , .
e Deductions allocated and apportioned at partner level;
(1) Interest expense
(2) Other
9
h
18
Deductions allocated and apportioned at partnership level to foreign source income:
(1) Passive ..,.,........
(2) listed categories (attach schedule) . . . . . ' , . , . .
(3) General limitation
Total foreign taxes (check one):.... '0" P~.id... D" A~~r~~'d""
Reduction in taxes available for credit
. Section 59(e)(2) expenditures; a Type'"
14a
14b 1
14b 2
15a
15b
15c
16.
16b
16c
16d 1
16d 2
16e
25-1445513
Pa e 2
(c) 1040 filers enter the
amount in column bon:
(b) Amount
6
Form 4952, line 1
]see page 9 of Partner's
nstructions for Schedule K-1
(Form 1065).
Sch. SE, Section A or 8
]see page 9 of Partner's
nstruclions for Schedule K-1
o Form 1065 .
29
560
See page 9 of Partner's
Instructions
for Schedule K-l
(Form 1065) and
Instructions for Form 6251.
arm 1116, Part I
1 609
Form 1116, Part II
Form 1116, line 12
}see page 9 of Partner's
nstructions for Schedule K.'
(Form 1065),
Form 1040, line 8b
}ee pages 9 and 10 of
artner's Instructions tor
Schedule K.1 (Form 1065).
~orm 8611, line 8
Schedule K-1 (Form 1065) 2001
I-!IPPEN 02/25/200212:24 PM
Form 4562
Depreciation and Amortization
(Including Information on Listed Property)
OMS No. 1545-<l172
2001
Department of the Treasury
Internal Revenue Service 99\
Name(s) shawn on return
Hi ensteel Auto Bod
IJI- See se arate instructions.
IJI- Attach this form to our return.
~:a~~~~n~o. 67
Identifying number
25-1445513
tete Part l.
1 Maximum dollar limitation. If an enterprise zone business, see page 2 of the instructions.
2 Total cost af section 179 property placed in service {see page 2 of the instructions)
3 Threshold cost of section 179 property before reduction in limitation.
4 Reduction in limitation. Sublract line 3 from line 2. If zero or less. enter -0-
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zerO or Jess. enter -0-. If married
filin se aratel ,see a e 2 of the instructions.
1
2
3
4
$24000
8 235
$200.000
o
5
BOC E
Norki
a Oeser; lion of pro ert
i ment
E ui ment
b Cost business use anI
6
1. 660
6 575
c Elected cost
1. 660
6 575
7 Listed property. Enter amount from line 27
8 Total elected cost of section 179 properly. Add amounts in column (c), ]jnes 6 and 7
9 Tentative deduction. Enter the smaller of line 5 or line 8
10 Carryover of disallowed deduction from 2000 (see page 3 of the instructions).
11 Business income limitation. Enler the smaller of business income (not less than zero) or line 5 (see instructions)
12 Section 179 expense deduction. Add Jines 9 and 10, but do not enter more than line 11 ..
13 Car over ofdisaUowed deduction to 2002. Add lines 9 and 1O.le55 Une 12 ..
Qtei~ 0 ~ot ~s(e Pilt ~~or rta~~lI 16~~~?r ~~!~~P~~p(rt~J:w~mOrb~~. ce~ajnt ~lre~ VehjCles.~e"u ~ t6 I ~hones.
"'part:!i<' MACRS Depreciation for Assets Placed in Service Onlv DurinCl Your 2001 Tax Year(Da nat ;nc~d.I;,'ed property,)
Section A-General Asset Account Election
14 If you are making the election under section 168(i}(4) to group any assets placed in service during the tax year into one
or more eneral asset accounts, check this box. See a e 3 of the instructions
Section B-General De reciatlon 5 stem GDS See a e 3 of the instructions.
7
8
9
10
11
12
8 235
8 235
13
..
ta) Classification of property
(c) Basis for depreciation
(business/investment use
I_ i .
(d) Recovery
period
(e) Convention
(f) Method
(g) Depreciation deduction
15a 3- ear ro ert
b 5- ear propert
c7earroert
d 10- ear ro erty
e 15-year property
120-arroe
25- ear ro ert
h Residential rental
ro e
Nonresidential rea.l
ro ert
25 rs.
27,5 $,
27.5 rs.
39 s.
MM
MM
MM
MM
See a e 5 of the instructions.
S/L
SIL
S/L
S/L
S/L
.....PartiliC.
17 GDS and ADS deductions for assets placed in service in tax years beginning before 2001
18 Property subject to section 168(f)( 1) election
19 ACRS and other de reciation
paH:1V Summa See a e 6 of the instructions,
20 Listed property. Enter amount from line 26 . . . . . . . . .
21 Total. Add deductions from line 12. Jines 15 and 16 in column (g), and lines 17 through 20. Enter
here and on the appropriate lines of your return. Partnerships and S corporations.see instructions
22 For assets shown above and placed in service during the current yea.r,
enter the ortion of the basis 8ttribut~ble to section 263A costs
For Paperwork Reduction Act Notice. see page 9 of the instructions.
OAA
153
16a Class life
b 12- ear
c 40. ear
20
21
Fo,m 4562 (2001)
Page 2
22
There are no amounts for
HIPPEN Hippensteel Auto Body
25-1445513
FYE: 12/31/2001
2/25/2002 12:24 PM
Federal Statements
Description
Property Taxes
Permits
Total
$
$
Statement 2 - Form 1065. Paae 1. Line 20 - Other Deductions
$
Amount
640
3,058
202
102
2,608
931
5,176
575
2,506
2,305
481
1,174
56
19,814
Description
Advertising
Outside Services
Operating Supplies
Freight & Postage
Utilities
Telephone
Insurance
Vehicle Expenses
Legal & Accounting
Office Expense
Laundry
Payroll Taxes
Miscellaneous
Total
$
1-2
HIPPEN Hippensteel Auto Body
25-1445513
FYE: 12/31/2001
2/25/2002 12:24 PM
Federal Statements
Statement 4 - Form 1065, Schedule L. Line 13 - Other Assets
Description
Beginning
of Year
$ 145
$ 145
$
$
Security Deposit
Total
Statement 5 . Form 1065, Schedule L, Line 17 - Other Current Liabilities
Description
Beginning
of Year
$ 1,265
$ 1,265
$
$
Payroll and Sales Tax Liab
Total
4-5
.1 HIPPEN Hippensteel Auto Body
25-1445513
FYE: 12/31/2001
2/25/2002 12:24 PM
Federal Statements
Description
Interest Income
Total
Form 1065. Schedule K. Line 4a -Interest Income
Amount
$ 139
$ 139
,
,
.1
I
I
I
,
I
I
H1PPEN Hippensteel Auto Body
25-1445513
FYE: 12/31/2001
Federal Statements
2/25/2002 12:24 PM
Form 1065. Schedule L. Line 1 - Cash
Beginning
of Year
$ 10,820
$ 10,820
Description
Total
$
$
End
of Year
8,953
8,953
Description
Form 1065. Schedule L. Line 2a - Trade Notes and Accounts Receivable
Beginning End
of Year of Year
$ 5,495 $ 1,444
3,293
$ 5,495 $ 4,737
Total
Description
Form 1065. Schedule L. Line 3 - Inventories
Beginning
of Year
$ 650
$ 650
Total
$
$
Description
Form 1065. Schedule L. Line 11 - Land
Beginning
of Year
Land
$ 4,000
$ 4,000
Total
$
$
End
of Year
4,000
4,000
Description
Form 1065. Schedule L. Line 15 - Accounts Pavable
Beginning
of Year
$ 1,711
$ 1,711
Total
$
$
End
of Year
1,803
1,803
HIPPEN 02l221?Cl)1 4:24 PM
Form 1065 u.s. Return of Partnership Income CLIENT'S COP "
OMB No. 1545-0099
Department of the Treasury For calendar year 2000. or tax year beginning , and ending. . .. ... ... 2000
Internal Revenue Service ... See seDarat~ 'I~~t~~~tl~~s.
A Principal business activity Name of partnership 0 Employer identification numbel'
Auto Bod" R" Use the
IRS Hinnensteel
B Principal product or service label. Auto Body 25-1445513
Other- Number, street, and room or suite no. If a P .0, box, S98 page 13 01 the instructions. E ~a~ ~u~~i ;~ed
Ret>airs wise. 6 West Green Street
- print
C Business code number or type. City or towrl, state, and ZIP code F Totql asset,;: hs~e page 1301
the Instructlo s
- 811120 Newville PA 17241 $ 27.054
G Check applicable boxes: (1) 8 Initial return (2) 0 Final return (3) 8 Change in address
t-! Check accounting method: (1) Cash (2) ~ Accrual (3) Other (specify) ...
I Number of Schedules K-1, Attach one for each person who was a partner at any time during the tax year ...
(4) 0 Amended return
2
Caution: Include only trade or business income and expenses on lines 1a through 22 below. Sea the instructions for more information.
1a Gross receipts or sales .,. ..' .....
b Less returns and allowances
1a
1b
116 677
421 1c
116 256
Income
2 Cost of goods sold (Schedule A, line 8) .
3 Gross profit. Subtract tine 2 from line 1c ....,..... ..."....
4 Ordinary inc, (loss) from other partnerships, estates, & trusts (aU. sch.) ...
5 Net farm profit (loss) (attach Schedule F (Form 1040)) ....................
6 Net gain (loss) from Form 4797, Part II, line 18 "."" ,..................
2
3
4
5
6
62 541
53 715
7
Other income (loss) (attach schedule) .......,.
7
8 T otat income loss. Combine lines 3 throu h 7
8
53 715
Deductions
(see pg, 14 of
theinstruC-
tionsfor
limItations)
9 Salaries and wages (other than to partners) (less employment credits) ". . , . . . , . , , . , ' . .
10 Guaranteed payments to partners . ..... ,".,." .,..,.....,.....
11 Repairs and maintenance ........,..........""., ...,. .," ...", ,. ......
12 Bad debts ............................................. ...............
13 Rent .".,...... .. ,.. "'.,,'.' ..,..."".,.,.",.....",."....
14 Taxes andUe.osas ................ ................. ........ ... .~ElE!; S1;.In.t. .1...
15 Interest......".,........."" ". ,...... .,............"" ....... ., ,........".....,.,..,.
16a Depreciation (if required, attach Form 4562)".........."..,.. 16a
b Less depreciation reported on Schedule A and elsewhere on return 1Gb
17 Depletion (Do not deduct 011 and gas depletion.)
18 Retirement plans, etc,
19 Employee benefit programs
9
10
11
12
13
14
15
25 000
1 105
1 268
153
16c
17
16
19
153
20
Other deductions (attach schedule)
..13E!;El..S.~II\t.2.
20
20 265
21 Total deductions. Add the amounts shown in the far ri ht column for lines 9 throu h 20
21
47 791
22 Qrdina Income loss from trade or business activities, Subtract line 21 from Une 8
22
5 924
Paid
Preparer's
Use Only
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and slatements, and to the best of my knowledge
and belief, it is true, correct. and complete, Declaration of preparer (other than general partner or limited liability ~pa~ member) is based on all
Info,malion of which p,epa<e' has any knowledge. ~ ~ ,,\ Cj \ 0
~ 51 nat,," of ~ Date
Preparer's Ill... /7. (.' /J Check jf
sl nat',"' I v{L-.{ (J !/..{,{1 /" 0 self.em ~ ed~
Gift & Associates
ifself.emp~yedJ, 1205 Manor Drive,
address. and ZIP code Mechanicsbur PA
For Paperwork Reduction Act Notice. see separate Instructions.
DM
Preparer's SSN or PTIN
P00195974
EIN ~ 23-2349229
Sign
Here
Suite 100
17055
Phone
no.
717-766-3555
Form 1065 (2000)
HIPPEN 02122/'-001 4:24 PM
Form 1065(2000) Hippensteel Auto Bodv
25-1445513
Pao 2
e
....Seh~dl.ii,fA.. Cost of Goods Sold (see Dace 17 of the instructions)
1 Inventory at beginning of year. .... 1 900
.... ... ... ...... .... ... .... ..... ...... .. .. ..... .. .... ......
.2 Purchases less cost of items withdrawn for personal use 2 45.025
. . . . . . . . . . . ......... .... ... ... ...
J Cost of labor .... ... J 16 611
.. ...... .......... ...... .... .. ... ..... .. .... .. ... ... .. .. ... .... ... ..... .....
4 Additional section 263A casts (attach schedule). 4
... ....... ... ..... ... ... .. ..... .... ...... .. ..
5 Other costs (attach schedule). ..SE!e Stmt .:3 5 655
... ... ... ..... ... ... .. ..... .... ... .. ...
6 Total. Add lines 1 through 5 6 63.191
.... ... .... ..... ... ... .... ... ... .. ... ...... ..... ..
7 Inventory at end of year 7 650
... .... ... ... .. ... .. .. ........ .. .... ....... ... ..... ... ... ..... ....
8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 8 62 541
.. .. .. ...... ... ..... .. ... ..
9a Check all methods used for valuing closing inventory:
(I) ~ Cost as described in Regulations section 1.471-3
(ii) Lower of cost or market as described in Regulations section 1.471-4
(Iii) Other (specify method used and attach explanation)'" ........................ .. .......
b Check. this box if there was a wntedown of "subnormal" goods as described in Regulations section 1,471-2(c)
c Check this box if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970)
d Do tl1e rules of sectIon 263A (for property produced or acquired for resale) apply to the partnership? ....................
. e Was there any change in determining quantities, cost, or valuations between opening and closing inventory?
If "Yes," attach explanation,
~ .~
~
."H~:: No
No
1.seli~dl.iiikB Other Information
l What type of entity is filing this return? Check the applicable box:
a ~ Domestic general partnership b q Domestic limited partnership
: ~ ~::i:~ti~~J::~~:bmty company ~ ~ ~~~;sti~im.it~~ ~i~~~I~t~.~~~~~.r~~~~..............
2 Are any partners in this partnership also partnerships? .,.....................'...... .. .........
3 During the partnership's tax year, did the partnership own any interest in another partnership or in any foreign
entity that was disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and
301.7701-37 If yes, see instructtons for required attachment....
4 Is this partnership subject to the consolidated audit procedures of sections 6221 through 62337 If "Yas," see
Designation of Tax Matters Partner below, . .
5 Does this partnership meet all three of the following requirements?
a The partnership's total receipts for the tax year were less than $250,000;
b The partnership's total assets at the end of the tax year were less than $600,000; and
c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including
extensions) for the partnership return.
If "Yes," the partnership is not required to complete Schedules L, M~1, and M-2; Item F on page 1 of Form 1065;
or Item j on Schedule K-1 .......,........................,............................... ..........,..........,....
Does this partnership have any foreign partners? .....................,............................................,.............
Is this partnership a publicly traded partnership as defined in section 469(k)(2)? ..................... ... ......."..............
Has this partnership filed. or is it required to file, Form 8264, Application for Registration of a Tax Shelter? ...................
At any time during calendar year 2000, did the partnership have an interest in or a signature or other authority
over a financial account in a foreign country (such as a bank account. securities account, or other financial
account)? See page 19 of the instructions for exceptions and filing requirements for Form TO F 90-22.1. If "Yes,"
enter the name of the foreign count!)'..... ........,.....................,..........,........."..........,..........................
10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a
foreign trust? If ""Yes," the partnership may have to file Form 3520. See page 19 of the instructions .............
11 Was there a distribution of property or a transfer (e.g., by sale or death) of a partnership interest during the tax
year? If "Ves," you may elect to adjust the basis of the partnership's assets under section 754 by attaching the
statement described under Elections Made By the Partnership on page 1 of the instructions .
12 Enter the number of Forms 8865 attached to this return....
Designation of Tax Matters Partner (see page 19 of the instructions)
Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return:
x
x
x
.
'I
8
9
x
X
X
X
X
X
Name of
desi nated TMP
Pddress of
dbsiQnated TMP
Identifying
number of TMP
~
J.75-40-5042
PA 17241
Fann 1065 (2000)
DM
HI~PEN 021221'2001 4;24 PM
, Form 1065 (2000)
Schedule K
Income
(~oss)
Deductions
Credits
lllVesta
ment
Interest
Self-
Employ-
ment
Adjust-
ments
and Tax
Preference
Items
Foreign
Taxes
18
19
20
Other 21
22
23
24
OM
25-1445513
etc.
Hippensteel Auto Body
Partners' Shares of Income Credits Deductions
a Distributive share items
1 Ordinary income (loss) from trade or business aclivities (page 1, line 22)
2 Net income (loss) from rental real estate activities (attach Form 8825).
3a Gross income from other rental activities
3.
3b
b Expenses from other rental activities tattach sch.) . . . . . . . . . . . . . . . . . . . .
c Net income (loss) from other rental activities. Subtract line 3b from line 3a . .
4 Portfolio income (loss): a Interest income
b Ordinary dividends . . . . . . . . . .
c Royaltyincome .................. ..........
d Net short-term capital gain (loss) (attach Schedule 0 (Form 1065))
e Net long~term capital gain (loss) (attach Schedule 0 (Form 1065)):
(1) 28% rate gain (\oSs)~ , (2) Total for year.. .........
f Other portfolio income (loss) (attach schedule)
5 Guaranteed payments to partners. . . . .
6 Net section 1231 gain (loss) (other than due to casualty or theft) (attach Form 4797)
7 Other income loss attach schedule ..
8 Charitable contributions (attach schedule) .......
9 Section 179 expense deduction (attach Form 4562)
10 Deductions related to portfolio income (itemize) .
11 Other deductions attach schedule
12a low-income housing credit:
(1) From partnerships to which section 42U)(5) applies for property placed in service before 1990
(2) Other than on line 12a( 1) for property placed in service before 1990 . . , . .
(3) From partnerships to which section 420)(5) applies for property placed in service after 1989
(4) Other than on line 12a(3) for property placed in service after 1989 ,...
b Qualified rehabilitation expel\ditures {elated to I"6l1tall"6a\ estate act (a\\. Form 3468) ,........
c Credits (other than cr. shown on lines 12a & 12b) related 10 rental real estate activities ........
d Credits related to other rental activities
13 Other credits ..
14a Interest expense on investment debts ..,...............
b (1) Investment income included on lines 4a, 4b, 4c, and 4f above
2 Investment ex enses included on line 10 above ....................
15a Net earnings (loss) from self-employment..............
b Gross farming or fishing income . . . . . . . . . . . . . . . . . . . . . .
c Gross nonfarm income
16a Depreciation adjustment on property placed in service after 1986 . . . . . . .
b Adjusted gain or loss ........... ...............
c Depletion (other than oil and gas) .......... ............
d (1) Gross income from oil, gas, and geothermal properties.... ...........
(2) Deductions allocable to oil, gas, and geothermal properties
e Other ad'ustments and tax reference items attach schedule
17a Name of foreign country or U.S. possession.... ..'
b Gross income sourced at partner level. . . . . .
c Foreign gross income sourced at partnershlp level:
... (2) Listed categOries...
(1) Passive ............. (attach sch.) ..... .....
d Deductions allocated and apportioned at partner level:
(1) Interest expense ~ """.....""".. (2) Other
e Deductions allocated & apprtn. at ptnrshp. level to foreign source inc.;
(1) Passive" ........................ (2) ~~:~hc:~~ories"D"""'''''''''''''''' (3) ~~~[i~~"
f Total foreign taxes (check one):.... Paid U Accrued . ...... ............
Reduction in taxes available for credit & rass income from an sources attach sch.
.. .ll<ala. .Stll\.t .4
(3) General
limitation ....
Section 59(e)(2) expenditures:
a Type~ .....",.. .."""""
Tax-exempt interest income. . . . . . . . . . .
Other tax-exempt income ....,..
Nondeductible expenses . . .
Distributions of money (cash and marketable securities) . . . . . . . . . . . . . . .
Distributions of property other than money
Other items & amounts ra uired to be ra orted S8 aratal to
b Arnount .... 18b
19
20
21
22
23
Paqe 3
1
2
b Total amount
5 924
3c
4a
4b
4c
4d
293
~
4.2
41
5
6
7
8
9
10
11
25 000
12b
12c
12d
13
14a
14b 1
14b 2
15.
15b
15c
16a
16b
16c
16d 1
16<12
16e
293
30 924
~
171
17
159
Form 1065 (2000)
HIp'PEN 02/22/~001 4:24 PM
. Eorm 1065(2000) Hippensteel Auto Bodv
,4I.nal sis of Net Income Loss
1 Net income (loss). Combine Schedule K, Jines 1 through 7 in column (b).
sum of Schedule K, lines 8 throw h 11, 14a, 17f, and 18b .
2 Analysis by (il) Individual
(I) Corporale
partner type: active
a General partners 31 2 17
b Limited artners
$cl1\!.i:llllift Balance Sheets er Books Not re uired if Question 5 on Schedule B is answered "Yes."
25-1445513
PaCle4
From the result, subtract the
assive
(Iv) Partnership
1
(v) Exempt
or anization
31 217
(ill) Individual
(vi) Nominee/Other
10a
b
11
12a
b
13
1
2a Trade notes and accounts receivable
b Less allowance for bad debts
3 Inventories
..............................
4 U.S. government obligations. . . . . . . . . . . . .
5 Tax-exempt securities
6 Other current assets
(attach sChedule)
Mortgage and real estate loans
Other investments
(attach schedule)
:la Buildings and other depreciable assets
b Less accumulated depreciation
Depletable assets ....... . .
Less accumulated depletion .....
Land (net of any amortization) .,...
Intangible assets (amortizable only)
Less accumulated amortization
~~:~ha~~~~ule}...,.... .~.~.~.. ~~~~. 6
Total assets
.....................
Liabilities and Capital
Accounts payable ..,.,...,
..........
.S.e.e~t:l1lt .5
1 265
Assets
Cash
7
3
14
1S
16
17
Mortgages, notes, bonds payable in less than 1 year
Other current liabilities See Stmt 7
(attach schedule) . . . , , , . . . . . , , . . , . . ' . . . .
AU nonrecourse loans
18
19
20
Mortgages, noles, bonds payable in 1 year or more
Other liabilities
(attach schedul&) ,
21 Partners' capital accounts 16
,
22 Total liabilities and ca ital .. 20 146
\Sbiiiiai.iillM11 Reconciliation of Income (Loss) per Books With Income (Loss) per Return
24 078
27 054
(Not recuired if Question 5 on Schedule B is answered "Yes." See Dace 30 of the instructions.)
\ Net income (loss) per books, . . , . . . , . . . 6,217 6 Income recorded on books this year not in-
2 Income included on Sch. K, In. 1 through eluded on Schedule K, lines 1 through 7 (itemize):
4, 6, and 7, not recorded on books this a Tax-exempt interest $
.".. ...."", ....." ...
year (itemize): ..,,,,,..,,,...,, . . . . . , , ."" ......""" ....... .."", ..,. ..",..,
,..". .........".... .....""".. ... ."". . . . , , , . , . . . . , , . , . . ..",,, "".. ,.,. ..
3 Guaranteed payments (other than 7 Deductions included on Schedule K. lines 1
health insurance).....,,,.,,,....,., .. 25 000 through 11, 14a, 17f, and 18b, not charged
4 Expenses recorded on books this year not against book income this year (itemize):
included on Schedule K, lines 1 Ihrough
11, 14a. 17f, and 18b (itemize): a Depreciation $ .. ....... ..., ....
.........
a Depreciation $
b ~~~~~?nn~ent ... . . . , , . . . ..""" ......",.,....,.. .. ..,. ........ .......
$ .... ... ...... .. "..... " ...", ........... '" ."" ... ..........
8 Add lines 6 and 7 ...... .. ........ .... ......
.'" ........... ...." ..". .......
9 Income (loss) (Analysis of Net Income (Loss),
, . , . . . . . . . , . . . . ........ ... ..,. line 11. Subtract line 8 from line 5 . 31 217
5 Add lines 1 throuah 4 ...... ..,. 31 217 .........
cbijduleM.2........ Analvsis of Partners' Caoital Accounts (Not reauired if Question 5 on Schedule B is answered ~Yes.")
.1 Balance at beginning of year, . . , , . 16 335 6 Distributions: a Cash .. ... ..,. 159
... ..... .... ...
2 Capital contributed during year . . 1,685 b Property ..,.
..".. 7 Other decreases .............
~ Net income (loss) per books 6 217 (itemize): .......
4 Other increases . . , .. .".
(itemize): ... ..... ...... .,.. ....... ... "'d. ............ ... ......
8 Add lines 6 and 7 .. ... ..." 159
.'...... ... .... ..... .... ......
5 Add lines 1 throuGh 4 24,237 9 Balance at end of vear. Subtract In, 8 from In. 5 24 078
s
OAA
Form 1065 (2000)
HIPPEN 02122/2001 4:24 PM
Partner's Share of Income, Credits, Deductions, etc.
kee separate instructions.
ear be innin
For calendar ear 2000 or tax
175-40-5042
, and endin
Partnershl 'sldenti in number'"
Partnership's name, address, and ZIP code
Hippensteel Auto Body
6 West Green Street
Newville PA 17241
F Partner's share of liabilities (see instructions):
Nonrecourse . . . . . . . . . . . . . . . . , . . . . . .
Qualified nonrecourse financing. . .
Other ............. ...........
G Tax shelter registration number ...
H Check here If this partnership is a publicly traded
partnership as defined in section 469(k)(2)
PA 17241
limited partner
Check applicable boxes:
(1)
o Final K~ 1
ital account:
(b) Capital contributed
during year
J
Anal sls of artner's ca
(a) Capital account at
beginning of year
SCHEDULE K.1
(Form 1065)
Department o( the Treasury
n 1 R v rvf
Partner's ldenti in number'"
Partner's name, address, and ZIP code
Barry E Hippensteel
35 Parsonage Street
35 Parsonage Street
: Newville
A This partner is a general partner
o limited liability company member
B What type of entity is this partner? .. Indi vidual
c: Is this partner a gg domestic or aD' f~~~i9~ p~rt~~~? ' . . . . .
C: Enter partner's percentage of: (i) ~'~~ig~flgRe (ii) year End of
Profit sharing %. .5.0., .O.O.O()()()'I,
Loss sharing % ? 0., .0.00 () () 0.'1<
Ownership of capital. % 5 0., 0.0.0 () () O. %
E IRS Center where partnership filed return:
Cincinnati OH 45999-0011
Income
(Loss)
(c) Partner's share of lines
3,4, and 7, Form 1065,
Schedule M-2
4 197
1 685
(a) Distributive share item
Ordinary income (loss) from trade or business activities ...........
Net income (loss) from rental real estate activities ................
Net income (loss) from other rental activities . . . . . . . . . .
Portfolio income (loss):
3 Interest ............ . . . . . . . . . . , . . . . . . . . . . . , . . . . . . . . . . , . . . . . . . , . . . .
b Ordinary dividends ..... ,.....,.......... ,.,... ......,... ... ...........
c Royalties.."..... ....... .......... ... ,..,............ .......,... .....
d Net short-term capital gain (loss)..................,.,.........,.........
e Net long-term capital gain (loss):
(1) 28% rate gain (loss) .........
(2) Total for year ....... ...........
f Other portfolio income (loss) (art. schedule) ...
5 Guaranteed payments to partner. . . . . . . . . . . . .
6 Net section 1231 gain (loss) (other than due to casualty or theft)
7 Other income loss arta h schedule
1
2
3
4
8 Charitable contributions (see instr,)(att, sch.)......,...,......,...,.......,
9 Section 179 expense deduction .... .... ......... ................ ..... ...
10 De<Juctions related toportfoiioine.la".sch.) .............. .......... ......
11 ther deduct'ons attach schedule
12a Low-income housing credit:
(1) From section 420)(5) partnerships for property placed in
service before 1990 ..........,.,.. .....................
(2) Other than on line 12a(1) for property placed in service before 1990
(3) From section 420)(5) partnerships for property placed in
seNice after 1989.......,..",........,.........,..,.........,.".....
(4) Other than on line 12a(3} for property placed in service after 1989
b Qualified rehabilitation expenditures related to rental real estate
activities ...............,...... ...............................
c Credits (other than credits shown on lines 123 and 12b) related
to rental real estate activities ....... . . .
d Credits related to other rental activities
13 ther credits
For Paperwork Reduction Act Notice, see Instructions for Form 1065.
DM
Deduc-
tions
Credits
(d) Withdrawals and
distributions
3 109
159
(b) Amount
2 962
147
25 000
8
9
10
11
12c
12d
13
OMS No. 1545--0099
2000
25-1445513
$
$
$.
1,,488
o
(2)
o Amended K~ 1
(e) Capital account at end of
year (combine columns (a)
Ihrou h d
8 832
(c) 1040 fliers enter the
amount in column bon:
} See page 6 of Partner's
Instructions for Schedule K~1
(Form 1065).
5ch. B, Part I, line 1
Sch. S, Part 11, line 5
Sch. E, Part I, line 4
Sch. D, line 5, col. In
Sch. D, line 12, col. (g)
Sch. D, line 12, eol. (n
Enter on applic. In. of your rtn.
} See page 6 of Partnets
Instructions for Schedule K-1
(Form 1065).
Enter on a Ii. In. four n.
5ch. A,line 15 or 16
} See pages 7 and 8 at
Partner's Instructions for
Schedule K.1 (Form 1065).
Form 8586, line 5
} See page 8 of Partner's
Instructions for Schedule K-1
(Form 1065).
Schedule K.1 (Form 1065) 2000
HIPPEN 02/22/2001 4:24 P!'vl
Barry E Hippensteel
,Schedule K-1 {Form 1065\2000 Hippensteel Auto Bodv 25-1445513 Paoe 2
(a) Distributive share item (b) Amount (e) 1040 filers enter the
amount In column lbl on:
Invest- 14a Interest expense on investment debts ... ... 14a Form 4952, line 1
.. .... ..... ...... .. ..... ...
ment b {11 Investment income included on lines 4a, 4b, 4c, and 4f 14bll 147 } See page 9 of Partner's
.. ........ ...... Instructions tor Schedule K-1
Interest 12) Investment exoenses included on line 10 14b'2 (Form 1065).
Self- 15a Net earnings (loss) from self-employment. ... .. ...... ... .. .. ... 15a 27 962 Seh. SE, Section A or 8
employ- b Gross farming or fishing income 15b }: See page 9 of Partner's
.. .. ......... ...... nstructions for Schedule K.1
rnent e Gross nonfarm income 15e Form 1065l.
Adjust- 16a Depreciation adjustment on property placed in service after 1986 ... ........ 16a
moots b Adjusted gain or loss 16b See page 9 of Partner's
.. ... .... .. .. .... .. ...... ..... Instructions
and Tax e Depletion (other than oil and gas) ...... .... ... .. ...... ... .. .. ..... .... .. 16e .,,~~r Schedule K-1
Prefer- d {11 Gross income from oil, gas, and geothermal properties .. 16df1 (Form 1065) and
..... ... ...
ence (2) Deductions allocable to oil. gas, and geothermal properties 16dl2 Instructions for Form 6251.
.... .... ......
Items e Other adiustments and tax oreference items Ii
17a Name of foreign country or U.S. possession.... .. ... .. .. ........ ...... .... ..... i-
b Gross income sourced at partner level .. ....... 17b
...... .. ..... .......
e Foreign gross income sourced at partnership level: ... ... ... ..... ... .....
{11 Passive ... .. .. ...... .. ..... .... ... ...... ..... ... ... ... ... .. .. 17ell
{21 Listed categories (attach schedule) ...... .. .. ..... ...... .. 17e12
.. 17e13
(3) General limitation ...... . . . . . . . .. ... ..... ..... ... ...
..... ..... i??i
d Deductions allocated and apportioned at partner level: ~orm 1116. Part I
Foreign (1) Interest expense .. . . . . . . . . . . . . . . . . . . . ... .. ... .. ... .............. 17dll
1)xes {21 Other ......... ... ...... .................. ...... ... ............ -
e Deductions allocated and apportioned at partnership level 10 foreign source income: ....
(1) Passive .. .... ... ........ ..... ....... .. ..... .. 17e'1
..... ............. 17el2
(2) Listed categories (attach schedule) . . . . ..... .. .... .. ....... .. .... ..
{31 General limitation .. ... .. .. 17el3
... ... U D ..... ..
f Total foreign taxes (check one):" Paid Accrued .... ... ... 171 Form 1116, Part II
..
9 Reduction in taxes available for credit and gross income from all I;;~l See Instructions for
sources (attach schedule) . Form 1116.
18 Section 59(e)(2) expenditures: a Type~ .. .. .... .. .. ..... ........ .. II }see p'ge 9 of P,rtne',
.... .. .. ..... .. . . . . . . . . . . ..... ... ... .. ...... ... .. nstruction5 for Schedule K-1
. . . . . . . . . . . . . . . . . . . .
b Amount ... ... .... ... ............. .... ...... .. 18b (Form 1065).
.......... .... ... .... ..
19 Tax-exempt interest income 19 Form 1040, line 8b
... ... ...... ... .... ........... . . . . . . . . . ... ....
20 Other tax-exempt income ... ... 20
........ ............. .. ...... ............. ~ee p'ge, 9 and 10 of
Other 21 Nondeductible expenses. . . . . . . . . . 21
.................... .... ...... ......... artner's Instructions for
22 Distributions of money (cash and marketable securities) ........ ..... ........ 22 159
Schedule K.1 (Form 1065).
23 Distributions of property other than money ... ......... ....... .... .. ....... Pi
24 Recapture of low-income housing credit:
a From section 42ij}(5) partnerships ...... ............. 24a ~orm 8611, line 8
......... ... .. ......
b Other than on line 24a 24b
25 Supplemental infonnation required to be reported separately to each partner (att. additional 5ch. jf more space is needed) :
...... .. ........ . . . . . . . . . . . . . . . . . . . . . . .................................................... ... .... ............... ...... . . . . . . . . . . . . . . .
...... .. ...... .. .............. . . . . . . . . . . .... . . . . . . . . . . . ...,.......................... ... ....... ............. ... ...... .........
...... ... .. .. . . . . . . . . . . . . . . . . . .....- ..... ...... .. .. .... ............ ...... ......... .... .... .... ........... ..... .. ........ ...... .... '"
.. .. .. ... ........ ....... ... .... ... .. . . . . . . . . . . . . . ...... ......... .... ... .. .... .. .... .......... ...... ... .. ..... .. ..... ... .... ... ...
.. .. .. .... ...... ..... ....... ... ...... .... .......... ... ....... ........ ..... .... ..... .. ... ... ... .. ...... ...... ... ..... ....... ..... ....
... .... ........ ... ...... '" ... ... ... .. ....... .. .. .. ... . . . . . . . ... ......... ..... .... ..... .. .. ... .. .... ..... .. ....
Supple- ...... .. .... ... ..... .... .... ... .. .... .. ...... .. .. ..... ... .. ..... ... .. .... .... .... .... .... ...... .. .. ...... ....... ...
mental .. ... .. ... ..... .... ... .. ..... .. .. .. .. .. .. .. .. .... ... ....
...... ..
Informa- ..... .... .. ..... ... ....... .. .. ... .... ......... ... ..... .. .....
.... ...
tlon ... .. ...... .. ... ...... ........ .. .... .... ........... .. ... .. ........ .... ..... .... ..... ............... .... ....... ... ..... .. ...... ..
... .. .... .. ......... ........ .. ....... .. .... ... .. ...... . . . . . . . . . . . . . , . ... ....... .... ..... .... .. .. ... ... .... ... ..... ....... ... ...
.
... .. ... .... ... ... .... .. .. .. ...... ... ...... ... .. ..... .... .. .... .... .... ... .. ..... .... ..... .. ..... ......... ... .. .... .... .. .... .. ...
....... ...... ....... ...... ... ............ .. ...... .... ... ... ..... ....... .... '" ........ .. .... ... .... ... .... ... .... ... ... ...
...... ...... ... ... ...... ....... ... ... ....... .. ..... .... ....... ..... ... ... ...... ..... .. .... ..... .. .. ... .. ..... ... ..... ........... ..
..... .... ... ... ......... ... ... ...... ... .. ... ... .. ... ... .... .... .... ...... .. ... ...... ... .... ... .. ... ... ..........
... .. .. ..... .... ........ ...... ... ... ..... ....... .... .... .. ... .. .. .... .... ... ... ... .... ... ..... ... .........
.
-
OAA
Schedule K-1 (Form 1065) 2000
HIPPEN 02122/2001 4:24 PM
Partner's Share of Income, Credits, Deductions, etc.
-..see separate Instructions,
ear be innin
SCHEDULE K.1
(Form 1065)
Department of the Treasury
t rn v n rvi
Partner's identlf in number'"
Partner's name, address, and ZIP code
OMS No. 1545-0099
2000
25-1445513
For calendar ear 2000 or tax
210-32-7496
and endin
Partners hi 's identif tn number"
Partnership's name, address, and ZIP code
Hippensteel Auto Body
6 West Green Street
Newville PA 17241
F Partner's share of liabilities (see instructions):
Nonrecourse $.... ~ .'.~.~.~
Qualified nonrecourse financing. $
Other $,
G Tax shelter registration number ..
H Check here if this partnership is a publicly traded
partnership as defined in section 469(k)(2) . 0
Richard G. Hippensteel
452 Centerville Rd.
Newville PA PA 17241
A. This partner is a general partner limited partner
o limited liability company member
B What type of entity is this partner? .... . .~.~di y~dual..
C Is this partner a ~ domestic or aD' foreign partner?
C: Enter partner's percentage of: (I) ~'~~~i~~fl~Re (II) year End of
Profltsharing, % "s,O",O,O()()()O'A
Losssharing % 5 0, . ,0.0 0 () 0 0%
Ownership of capital , % "S,O",O,O,OO()O,'I.
E IRS Center where partnership filed return:
Cincinnati OH 45999-0011
Check applicable boxes: (1) 0 Final K-1 (2) 0 Amended K-l
Ita.1 account:
(b) Capital contributed
during year
J
Anal sls of artner's ca
(a) Capital account at
beginnif'lQ of year
8 Charitable contributions (see lnstr.) (att. sch.) . . . . . . . . . . . . .
9 Section 179 expense deduction............ .......,....
10 Deductions related to portfOliO inc. (alt. sch.) ..........,....
11 Other deductions attach schedule
12a low.income housing credit:
(1) From section 42(j)(5) partnerships for property placed in
service before 1990 .................. ............. ."
(2) Other than on line 12a(1) for property placed in service before 1990
(3) From section 420)(5) partnerships for property placed in
service after 1989 .....,...................
{4} Other than on line 12a(3)for property placed in service after 1989
b Qualified rehabilitation expenditures related to rental real estate
activities ............... ,............................. ............
c Credits (other than credits shown on lines 12a and 12b) related
to rental real estate activities
d Credits related to other rental activities
13 ther red its
For Paperwork Reduction Act Notice, see Instructions for Form 1065.
OAA
Income
(1.055)
Deduc-
tions
Credits
Ic) Partner's share of lines
3, 4, and 7, Form 1065,
Schedule M-2
12 138
(a) Distributive share Item
Ordinary income (loss) from trade or business activities
Net income (loss) from rental real estate activities
Net income (loss) from other rental activities
Portfolio income (loss):
a Interest ...........
b Ordinary dividends ......
c Royalties. .........
d Net short.term capital gain (loss) . . .
e Nellong-term capital gain (loss):
(1) 28% rate gain (loss) .......
(2) T olal for year '"
f Other portfolio income (loss) (art. schedule)
5 Guaranteed payments to partner. . . . . . . . . . .
6 Net section 1231 gain (loss) (other than due to casualty or theft)
7 Other income loss aUa h schedule
1
2
3
4
Cd) Withdrawals and
distributions
(e) Capital account at end of
year (combine columns (a)
Ihrou h d
15 246
eel 1040 filers enter the
amount in column bon:
} See page 6 of Partner's
Irrs\fUctions for Schedule K-1
(Form 1065).
3 108
(b) Amount
2 962
146
Sch. e, Part I, line 1
Sen. e, Part II, line 5
Sch. E, Part I, line 4
Sch, D, line 5, col. (f)
Sch, D, line 12, col. (g)
Sch, D, line 12, col. (f)
Enter on applic. In. of your rtn.
} See page 6 of Partner's
Instructions for Schedule K-1
(Form 1065).
Enter on a lie. In. of our rtn.
8
9
10
11
Seh. A,line 15 or 16
} See pages 7 and 8 of
Partner's Instructions for
Schedule K-1 (Form 1065).
Form 8586, line 5
} See page B of Partner's
Instructions for Schedule K-1
(Form 1065).
12c
12d
13
Schedule K.1 (Form 1065) 2000
H1P.PEN 02/22/2001 4;24 PM
2000
Richard G. Hippensteel
Hi ensteel Auto Bod
Invest-
ment
Interest
Self-
employ-
ment
Adjust.
ments
and Tax
Prefer-
ence
Items
Foreign
Tjlxes
Other
Supple..
mental
Informa-
tton
DM
Tax-exempt interest income
Other tax-exempt income . . . . , . . . .
Nondeductible expenses,..............,...............
Distributions of money (cash and marketable securities) . . . , . , . . . , . .
Distributions of property ather than money
Recapture of low-income housing credit
a From section 420)(5) partnerships ................,..... .. . .. .. .. .. . .. , .. ,
b Other than on line 24a
25 Supplemental information required to be reported separately to each partner (att. additional sch. if more space is needed) :
(a) Distributive share item
14a Inter8st expense on investment debts
b (11 Investment income included on lines 4a, 4b, 4c, and 4f
2 Investment x anses included an line 10
15a Net earnings (loss) from self~employment..
b Gross farming or fishing income
c Gross nonfarm income
16a Depreciation adjustment on property placed in service after 19S6
b Adjusted gain or loss.... '........... ....,....
c: Depletion (other than oil and gas) . . . .
d (1) Gross income from oil. gas, and geothermal properties
(2) Deductions allocable to oil, gas, and geothermal properties
e Other ad'ustments and tax reference items
17a Name 01 foreign country or U,S, possession"
b Gross income sourced at partner level . , . . . . . . . . , , '
c Foreign gross income sourced at partnership level: ...........,.,...'
(1) Passive ...,..,..,..,........, '........
(2) listed categories (attach schedule) . . . . .. ' .. . .. . .. . .. .. . .. . , .. .
(3} Generallimitation .............................., '........,
d Deductions allocated and apportioned at partner level:
(1) Interest expense ,.........................
(2) Other
e Deductions allocated and apportioned at partnership level to foreign source income:
(1) Passive
(2) Listed categories (attach schedule)..
(3) Generallimitation ...............0. 0" . .. .
f Total foreign taxes (check one):'" Paid Accrued...
9 Reduction in taxes available for credit and gross income from all
sources attach schedule
Section 59(e)(2) expenditures:
18
. Type~ ...
b Amount
19
20
21
22
23
24
14.
14b 1
14b 2
15.
15b
15c
16.
16b
16c
16d 1
16d 2
16e
25-1445513
(b) Amount
2 962
146
Pa e 2
(c) 1040 filers enter the
amoun1 in column bon:
Form 4952, line 1
}See page 9 of Partner's.
Instructions for Schedule K-1
(Form 1065).
Sch. SE, Section A or B
]see page 9 of Partner's
nslNctions for Schedule K.'
Form 1065 .
See page 9 of Partner's
Instructions
for Schedule K-1
(Form 1065) and
Instructions lor Form 6251.
orm 1116, Part I
Form 1116, Part II
See Instructions for
Form 1116.
}see page 9 of Partner's
nstructiol'ls for Schedule K-1
(Form 1065).
Form 1040, line 8b
tee pages 9 and 10 of
artner's Instructions for
SchedIJIe K-1 (Form 1065).
porm 8611, line 8
Schedule K-1 (Form 1065) 2000
l HIPPEN Hippensteel Auto Body
25-1445513
FYE: 12/31/2000
2/22/2001 4:23 PM
Federal Statements
Description
Property Taxes
Permits
Total
$
$
Statement 2 . Form 1065. Paqe 1. Line 20 - Other Deductions
Description
Advertising
Outside Services
Operating Supplies
Freight & Postage
Utilities
Telephone
Insurance
Vehicle Expenses
Legal & Accounting
Office Expense
Laundry
Payroll Taxes
Miscellaneous
Total
$
Amount
723
4,914
799
99
3,035
632
3,828
422
2,389
1,249
633
1,600
-58
20,265
$
1-2
I HIPPEN Hippensteel Auto Body
. 25-1445513
FYE: 12/31/2000
2/22/2001 4:23 PM
Federal Statements
Statement 3. Form 1065. Schedule A. Line 5. Other Costs
Description
Amount
$ 655
$ 655
Towing
Total
3
HIPPEN Hippensteel Auto Body
25-1445513
FYE: 12/31/2000
Federal Statements
2/22/2001 4:23 PM
Description
Statement 5 - Form 1065. Schedule L. Line 6 - Other Current Assets
Beginning
of Year
1,000
$
$
1,000
Security Deposit
Total
End
of Year
$
$
o
Description
Statement 6 - Form 1065. Schedule L. Line 13 - Other Assets
Beginning
of Year
$ 145
$ 145
Security Deposit
Total
$
$
Statement 7 - Form 1065. Schedule L. Line 17 - Other Current Liabilities
Description
Beginning
of Year
$ 774
$ 774
Payroll and Sales Tax Liab
Total
$
$
End
of Year
1,265
1,265
-
5-7
"HIPPEN Hippensteel Auto Body
25-1445513
FYE: 12/31/2000
2/22/2001 4:23 PM
Federal Statements
Description
Interest Income
Total
Form 1065. Schedule K. Line 4a -Interest Income
Amount
$ 293
$ 293
'HIPPEN Hippensteel Auto Body
25-1445513
FYE: 12/31/2000
2/22/2001 4:23 PM
Federal Statements
Form 1065. Schedule L. Line 1 - Cash
Description Beginning End
of Year of Year
$ 7,048 $ 10,820
Total $ 7,048 $ 10,820
Form 1065. Schedule L. Line 2a - Trade Notes and Accounts Receivable
Description Bepinning End
o Year of Year
$ 957 $ 5,495
Total $ 957 $ 5,495
Form 1065. Schedule L. Line 3 -Inventories
Description Beginning End
of Year of Year
$ 900 $ 650
Total $ 900 $ 650
Form 1065. Schedule L. Line 11 - Land
Description Beginning End
of Year of Year
Land $ 4,000 $ 4,000
Total $ 4,000 $ 4,000
Form 1065. Schedule L. Line 15 - Accounts Pavable
Description Beginning End
of Year of Year
$ 2,220 $ 1,711
Total $ 2,220 $ 1,711
Form 1065. Schedule L. Line 19 - Mortaaae. Notes. Bonds Pavable in 1 Yr or More
Description
Beginning
of Year
$ 817
$ 817
End
of Year
$
$
Total
o
Federal Employer Identification Number
25-1.44551.3 C
PA-65 - 2000
PA-65 (09-00)
PA DEPARTMENT OF REVENUE OFFICIAL USE ONLY
Commonwealth of Pennsylvania Partnership Information Return
PLEASE PRINT IN BLACK INK. ENTER ONE LETTER OR NUMBER IN EACH BOX. FILL IN OVALS COMPLETELY.
REVIEW ALL PREPRINTED INFORMATION.
I I Extension Reauest. See instructions,
Fiscal Year Flier. See Instructions,
o Fill in the oval if the partnership files on a
fiscal year basis. Indicate fiscal year from
to
Final Return. See Instructions.
o Fill in the oval. Date out of existence
0005914197
--1
p
L
A
C
E Partnership's Name
... HIPPENSTEEL AUTO BODY
L
A
8 Street Name
E
L
6 WEST GREEN STREET
O~ou want a 2001 PA-65 Sooklet?
U Fill in the oval if you WILL NOT NEED
a 2001 PA Partnershin Booklet.
U EIN/Name/Address Change.
Fill in this oval if preprinted label is incorrect.
or if the nartnershin did nol file a 1999 PA-65.
lB. Enter Amounts Received as a
~;S~~~fi~~~~holder.
.... City or Post Office
H
E NEWVILLE,
R
E
Stale ZIP Code
PA 17241
Attach all necessary supporting Pennsylvania or other schedules. Follow instructions
for Parts A and B.
PART I. Determining Total Net Income or Loss from the
ODeration of CI Business Profession or Farm.
1a. Total Net Income or Loss from the Operation of a
Business, Profession, or Farm.
I A.
Enter Amounts from the
Partnership's Own
O'O'erations and Activities.
lOSS
o
la.
5,924
LOSS
.... 0
lb.
lb.
Share of Net Income or Loss from Other Entities.
PART II. Apportioned Net Business Income or Loss.
2a. Net Income or Loss from Line 7 of PA Schedule
NRH (Own Operations). .. . . . . . . . . . . . . . . . .. . . . . . . . . . . . . .. . .. .
lOSS
o 2..
2b. Net Income or Loss from Line 7 of PA Schedule NRH (Other Entities). ..",.,.,."
LOSS
........... 0 2b.
LOSS
........... 0 20.
2c. PA Allocable Business. Profession, or Farm Income 0(' Loss. Add Lines 2a and 2b.
PART III. Determining Noncommericallncome or Loss.
3.
PA Taxable Interest Income.
3..
293
3b.
4.
PA Taxable Dividend Income.
4..
4b.
5.
Net Gain or Loss from the Sale, Exchange, or
Disposition of Property. ...............
lOSS
...... 0
Sa.
LOSS
o 5b.
6.
Net Income or Loss from Rents, Royalties, Patents.
and Copyrights. ..............................
lOSS
o
6..
LOSS
o
6b.
7b.
7.
Estate or Trust Income (Resident Taxable Income).
8.
Gambling and Lottery Winnings. . . . .
8..
9.
Total Noncommercial Income or Loss.
LOSS
.. 0 9..
8b.
293
LOSS
o 9b.
L
0005914197
SIDE 1
0005914197
~
-.J
PA-65 - 2000
PA-65 (09-00)
PA OEPARTMENT OF REVENUE
PART IV. Determining Allocable Noncommercial Income or loss.
10. Net Gain or Loss from the S.le. Exchange. or HIPPENSTEEL
Disposition of Tangible Personal Property or Real LOSS
Property Located in Pennsylvania. . 0 10a.
0006014195
OFFICIAL USE ONLY
25-1445513
AUTO BODY
11. Net Income or Loss from Rents. Royalties, Patents
and Copyrights in PA.
lOSS
.. 0 11..
LOSS
0 lOb.
LOSS
0 llb.
12b.
LOSS
0 13. 6,217
lOSS
0 14. 6,217
LOSS
0 15.
16.
12. PA Source Income from Estates or Trusts (Nonresident Taxable Income).
PART V. Total Partnership Income or loss.
13. Total Partnership Income or Loss per Books. ................
Total PA Taxable Partnership Income or Loss. Add Lines 1a and 1b (or 2c), 9a and 9b. ...
Total Nontaxable or Nonreportable Partnership Income or Loss.
Subtract Une 14 from Line 13. ................................,.....
PART VI. Determining Pass-Through Credits.
16. Employment Incentive Payments (Erp) Credit, from the enclosed PA Schedule W.
14.
15.
17. Jobs Creation Tax Credit, from the enclosed Certificate of Credit.
17.
18.
Waste Tire Recycling Investment Tax Credit, from the enclosed Certificate of Credit. ......
18.
19. Research and Development Tax Credit, from the enclosed Certificate of Credit.
19.
20a. PA iaxWithheld from Nonresident Partners.
20a.
20b. Final Payment of Nonresident Withholding Tax. . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . 20b.
See insert for special instructions for using form PA-V with the PA-65, or with the form PA-40NRC.
20c. TOTAL PA Tax Withheld from Nonresident Partners. Add Lines 20a and 20b. 20c.
PART VII. Partnership Distributions.
21.
10TAL Return of Capital Distributions. ....
RC
21.
159
22. TOTAL Distributions in Excess of Partner's Capital.
EC 22.
23. TOTAl Guaranteed Payments Reportable as Income.
MEDICAL SAVINGS ACCOUNT.
24. Medical Savings Account Costs. (See instructions l.
SIGNATURE AND VERIFICATION
G
23.
25,000
24.
Under penalties of pe~ury. I declare that I have examined this return, including accompanying schedules and statements, and to the
best of mv knowledoe and belief it is true correct and comnlete.
For the partnership:
Name - Please print:
Barrv E
Signature:
Hiooensteel
"'-7\" \\J\
Preparer, based on all info. of which preparer has any knowledge.
Pm{.7m:~~sen8pa(,(,l/17 I 2/~t;/01
Veronica A. Furr
Date:
Street Address:
Gift & Associates
1205 Manor Drive
City, State, ZIP Code:
Mechanicsbura
Daytime Telephone Number:
717-766-3555
Suite 100
fb\\
Title:
Tax Matters Partner
Daytime ielephane Number:
717-766-3555
PA
17055
L
0006014195
SIDE 2
D006014195
--1
---1
PASCHEDULE C-F 0006314199
Reconciliation
PA-65 C-F 09-00) 2000
A A F VN
ADJUSTING FEDERAL BUSINESS EXPENSES FOR PA TAX PURPOSES
OFFICIAL USE ONLY
Name as shown on PA-65:
HIPPENSTEEL AUTO BODY
Employer Federal 10 Number;
25-1445513
Detennining Net Income or Loss for PA Income Tax Purposes.
If you choose to start with the partnership's Federal Schedule C, F. or Form 1065 to determine its taxable income or loss for PA purposes,
complete this schedule. Adjust federal business income and expenses for PA income tax rules. Under PA law, determine net income or loss
from the operation of a business, profession, or farm using generally accepted principles and practices. listed below are some of the most
common differences (adjustments) between PA and federal rules.
PART A. Identification tnformation.
Enter the address of the partnershio, its telephone number, and, if applicable, its PA Sales Tax License Number.
Business Address:
6 WEST GREEN STREET NEWVILLE PA 17241
PA Sales Tax License Number:
Telephone Number:
717-766-3555
PART 8. Receipts from Business Activity.
1. Gross receipts or safes from the federaf schedute.
2. Returns and allowances from the federal schedule. .
3. Realized gross receipts or sales from federal schedule (Line 1 less Line 2).
4. Additional income or loss. See instructions. Itemize income and sources:
SeE! St,Il\!;. 1
1. 116.677
2. 421
3. 116 256
4.
5. 62_541
6. 53-715
Total
5. Cost of goods sold and/or operations from the federal schedule.
6. Gross profits. Total Lines 3 and 4. Then subtract Line 5. .......,..
PART C. Business Expenses.
7. Allowable business expenses from the federal schedule. ........
PART O. Adjustments for PA. Purposes. See instructions.
You must make the adjustments for the expense categories printed In bold letters, if the partnership Incurred
Business meals and entertainment. . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . .
Sales Tax on depreciable assets. . . . . . . . . . . . . . . . . . , . . . . . . . . .
Charitable contributions for business purposes. ........... . . . . . . . . .
Uniform capitalization (other than federal tax accounting) under GAAP or FASS.
Depreciation, if electing a generally accepted method different than used for federal purposes.
Depreciation method:
13. Wages for the Federal JOBS credit. (Add back this amount if included in the total Federal expenses) . . . . . .
Filing Tip. Subtract amounts on Lines 14 through 18 if the partnership used these expenses to determine its
allowable business expenses (Part 6, Line 7) on its Federal schedule.
Wages for PA Employment Incentive Payments Credit cand PA Jobs Creation Tax Credit. ..
Payments for owner pension, profit-sharing or deferred Income plans. . . . . . . . . . .
Taxes based on gross or net Income Clnd other unrelated taxes. .,. . . . . . . . . . .
Payments for owner health and welfare benefit plans. ..... . . . . . . . . . .
Expenses for PA Research and Development Tax Credit and/or PA Waste Tire Recycling
Investment Tax Credit. . . . . . . . . . . . . . .
19. Other adjustments for differences between PA and federal expenses.
Itemize and explain in detail. Enter the net total on Line 19.
..S.e.el3t:Il\t2.. CLI
47.7911
8.
9.
10.
11.
12.
that tvne exnense.
6.
9.
10.
11.
12.
[ill
14.
15.
16.
17.
18.
14.
15.
16.
17.
18.
20. Total adjustments. Add lines 8 through 19 and enter the net amount here, ......
21. Total allowable PA business expenses. Add Lines 7 and 20. Enter the net amount here.
PART E. Net Profit or Loss for PA Income Tax Purposes.
22. SUBTRACT Line 21 from Line 6. Enter the income or loss here and include on your PA-65.
lfyou realiza a loss, pleasefiJl in the oval. .... ............
~ 47.7911
21.
Loss
0 22.1 5.9241
L
-1
0006314199
0006314199
-1 PA-65 PARTNERS 0006114193
DIRECTORY
~~.65 Directory (O9;9.?1 2000 OFFICIAL USE ONLY
PART VIII PARTNERS DIRECTORY (See Instructions) . If you need space you may make photo copies of this schedule or make
your own schedule in this format.
IAI IB\ ICI 10\ lEI
OWNERSHIP % CODE 10 NUMBER NAME AND ADDRESS BOX NUMBER
1. Barry E Hippensteel
.:3!5. .Par.s()I1Clge. .S.t:r:E!Elt. ... .... ............
35 Parsonage Street
50.000000 RI 175-40-5042 Newville PA 17241
2.
. ~;ic:l1ar<i q. .H.ippElIlEit,eEll ... .... ....... .....
452 Centerville Rd.
50.000000 RI 210-32-7496 Newville. PA PA 17241
3.
...... ...... ................... ......... ..........................
4.
.......................................................,....,- ......
5.
...............................,.............. ......................
6.
o . . . . . . . . . . . . . . . . . . . . . . . . ........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
........ ...,.......,........... ............... .... ........ .....
8.
. . . . . . . . ............. .............. ..... ........... .............
Codes: RI. Resident Individual; NR. Nonresident Individual; PI - Part-Year Resident; P - Partnership: C - Corporation; E - Estate; T - Trust
PA SCHEDULE J . Income from Estates or Trusts
2000
Employer Federal 10 Number:
25-1445513
Name as shown on PA-65:
HIPPENSTEEL AUTO BODY
If you need more space you may make photo copies of this schedule or make your own schedules in this format. List the name, address, and identlflcation number
of each estate or trust from which the partnership received a distribution in 2000. Far PA purposes, the partnerstlip stlould have received a PA Schedule L fTom
the estate or trust, or a PA Schedule RK-1 or NRK-l, if a partner or a shareholder in a PA-S corporation.
Ifvou received a Federal Schedule K-1, Instead of a PA Schedule L, attach It to your PA tax return and enter the amount 01 va ur PA taxable Income.
i~\ Name and address of each estate or trust tb\ Federal EIN tel Income Amount
$
$
$
$
$
$
Income from PA-S comoratlonfs\ attach PA Schedulers' RK-1 or NRK-1. $
Income from oartnershinfs\, attacl1 PA Schedule(sl RK-1 or NRK-1. $
Total Income from Estates or Trusts. Add column (c) and enter the total here and on PA-65. I I
L
0006114193
0006114193
--1
-1
0006514194
PA SCHEDULE RK-1
PART!.
Resident Partner's Share of Income, Loss and Credits
REV-1675 EX (09-00)
PA DEPARTMENT OF REVENUE
GENERAL INFORMATION
2000
OFFICIAL USE ONLY
A. Is this partner a general partner? 1. gg YES 2. U NO
B. Dale this partner's interest in partnership began:
Month I Day I Vear
MI C. If this partner is not an individual, what type entity is it?
Partner's SSN (Individual)
175-40-5042
Partnership EIN
25-1445513
Last Name
Hippensteel, Barry E
First Name
O. Enter this partner's percentage of:
Before decrease or j
termination
';'
0/.
';'
End of year
Address
35 Parsonage
35 Parsonage
City or Post Office
Newville
Street
Street
Stale ZIP Gode
PA 17241
Profit sharing
Loss sharing
50.000000%
50.000000%
50.000000%
1 488
6 WEST GREEN STREET
Ownership of cap.
E. Partner's share of liabilities: $
PARTNER'S CAPITAL ACCOUNT - BASIS
. For Pennsylvania income tax purposes, a partner's
capital account should probably be different from
the federal account.
. Pennsylvania follows generally accepted principles
and practices, and not federal tax accounting.
. A reconciliation of each partner's capital account is
not required on PA-65.
. The partnership must maintain each partner's capi~
tal account.
Partnership Name
HIPPENSTEEL AUTO BODY
HIPPENSTEEL AUTO BODY
Address
City or Post Office Slate ZIP Code
NEWVILLE, PA 17241
PART II DISTRIBUTIVE SHARE OF INCOME AND/OR LOSSES
Pennsylvania Income Class Partner's Share of Income Include these amounts on the Lines
Amounts Reported Should Be Determined Under or Loss whether indicated for these PA Tax Returns:
Pennsvlvania Income Tax Rules distributed or not PA-40 PA-41 PA-65 PA-20S
1. Net Income or Loss from the Operation of a LOSS
0 2,962 Line 4 3 1b 1.
Business, Profession, or Farm. .... ........ ....... ..... 1.
147 Line 2 1 3b 3
2. PA Taxable Interest Income. 2.
. . . . . . . . . . . . ......................
Une 3 2 4b 4
3. PA Taxable Dividend Income. ................,.... ....... ..... 3.
4. Net Gain or Loss from the Sale, Exchange, or LOSS Une 4 5b 5
0 5
Disposition of Property. 4.
......... ..... ...............
5. Net Income or Loss from Rents, Royalties, LOSS Line 6 5 6b 6
Patents, and Copyrights. .. . . . . . . . . . . . . . . . . . . . . . 0 5.
....
Line 7 6 7b 7
6. Estate or Trust Income. 6.
......... .............................
Gamblina and Lotterv Winnings. Line 8 7 8b N/A
7. 7.
PART III PARTNER'S SHARE OF ALLOWABLE CREDITS APPLICABLE TO THIS TAXABLE YEAR
8. Employment Incentive Payments Credit. 8. Une 22 See 16 15b
................ . . . . . . .
9. Jobs Creation Tax Credit. 9. Une 23 the 17 15b
.......... ....... ....... .......
10. Waste Tire Recycling Investment Tax Credit. 10. Line 24 PA-41 18 15b
....... ..... .......
11. Research and Develooment Tax Credit. . ......... 11. Line 25 booklet 19 15b
PART IV DISTRIBUTIONS
12. Return of Capital Distributions. .. 12. 159 See instructJons.
. . . . . . . . . . . . . . . . . . . . . . . . . . . ...
13. Distributions in Excess of Partner's Capital. .. 13.
14. Guaranteed Pavments. . i:; t.m't' . . . . . . . 14. 25 000
MEDICAL SAVINGS ACCOUNT
15. Partner's Portion of Medical Savings Account Cost.
15.
Enter on Line 10 of PA.40.
L
0006514194
0006514194
-1
-1
0006514194
PART I.
PA SCHEDULE RK-1
Resident Partner's Share of Income, Loss and Credits
REV-1675 EX (09-00)
fA DEPARTMENT OF REVENUE
GENERAL INFORMATION
2000
OFFICIAL USE ONLY
A. Is this partner a general partner? 1. YES 2. U NO
B. Date this partner's interest in partnership began:
Month I Day I Year
Ml C. If this partner is not an individual, what type entity is it?
Partner's SSN (Individual)
210-32-7496
PartnerShip EIN
25-1445513
Last Name
First Name
Hippensteel, Richard G.
Address
.
Profit sharing
Loss sharing
Ownership of cap.
E. Partner's share of liabilities: S
PARTNER'S CAPITAL ACCOUNT. BASIS
. For Pennsylvania income tax purposes, a partner's
capital account should probably be different from
the federal account.
Pennsyfvania follows generally accepted principles
and practices, and not federal tax accounting.
A reconciliation of each partner's capital account is
not required on PA-65.
The partnership must maintain each partner's capi-
tal account.
D. Enter this partner's percentage of:
Before decrease or j
termination
~
,(.
End of year
Address
452 Centervil1e Rd.
City or Post Office
Newville
State
ZIP Code
50.000000%
50.000000%
50.000000%
1 488
PA
PA 17241
Partnership Name
HIPPENSTEEL AUTO BODY
HIPPENSTEEL AUTO BODY
6 WEST GREEN STREET
.
City or Post Office Slate ZIP Code
NEWVILLE. PA 17241
PART II DISTRIBUTIVE SHARE OF INCOME AND/OR LOSSES
.
Pennsylvania Income Class Partner's Share of Income Include these amounts on the Lines
Amounts Reported Should Be Determined Under or Loss whether indicated for these PA Tax Returns:
Pennsvlvania Income Tax Rules distributed or not PA-40 PA-41 PA-65 PA-20S
1. Net Income or Loss from the Operation of a LOSS
Business, Profession, or Farm. 0 1. 2.962 Line 4 3 lb 1.
....... .... ..... ........
146 line 2 1 3b 3
2. PA Taxable Interest Income. ... .... 2.
. . . . . . . . . . . . . . . .. .........
PA Taxable Dividend Income. 3. Une 3 2 4b 4
3. .... .. ...... .............
........
4. Net Gain ar Loss from the Sale, Exchange, ar LOSS
Disposition of Property. 0 4. Une 5 4 5b 5
.. ........ ... .... ..... ..... .....
5. Net Incame or Loss from Rents, Royalties, lOSS
Patents, and Copyrights. 0 5. line 6 5 6b 6
..... .... ..... ... .. .... .. .....
Estate or Trust Income. Une 7 6 7b 7
6. ... ....... ........... 6.
.. .............
Gamblina and Lotterv Winninos. line 8 7 8b N/A
7. 7.
PART III. PARTNER'S SHARE OF ALLOWABLE CREDITS APPLICABLE TO THIS TAXABLE YEAR
8. Employment Incentiva Payments Credit. ......... 8. Line 22 See 16 15b
...... .. ......
9. Jabs Creatian Tax Credit. ...... ... ........ ... 9. Line 23 the 17 15b
. . . . . . . . . . . .....
10. Waste Tire Recycling Investment Tax Credit. ..... .. ...... 10. Line 24 PA-41 16 15b
.. ....
11. Research and Development Tax Credit. . . ... ...... ..... 11. Line 25 booklet 19 15b
PART IV DISTRIBUTIONS
12. Return of Capital Distributions. .... ..... 12. See instructions.
.. ...... .............
13. Distributions in Excess of Partner's Capital. 13.
........... ..... ....
14. Guaranteed Pavments. 14.
MEDICAL SAVINGS ACCOUNT
15. Partner's Portion of Medical Savings Account Cost.
15.
Enter on Une 10 of PA-40.
L
0006514194
0006514194
-1
HIPPEN Hippensteel Auto Body
25-1445513 Pennsylvania Statements
FYE: 12/31/2000
2/22/2001 4:12 PM
Statement 1 - Schedule C-F. Line 1 - Gross Receipts or Sales
Description
Page 1 Gross Receipts
Total
Amount
$ 116,677
$ 116,677
Statement 2 - Schedule C-F. Line 7 - Allowable Business Expenses from Federal Form
Description
Amount
$ 47,791
$ 47,791
Page 1 Expenses
Total
1-2
Hli"PEN {lJll312000 JOG PM
Form' 1 (HiS u.s. Partnership Return of Income ell ..NT'S COpy
OMB No_ 1545.0099
OepClrtmenl of the Treasury For calendar year 1999, or tax year beginning. . and ending 1999
Internal Revenue Service ~ See seoarate instructions.
A Principal business activity Use the Name of partnership 0 Employer identification number
Auto Bodv RE IRS Hinnensteel Auto Bodv 25-1445513
B PrinCIpal product or service label. Number. street. and room or suite no. If a P.O. box, see page 12 of the instructions. E 'Ja\e business started
Other- Hippensteel Auto Body
wise,
Renairs please 6 West Green Street 10/01/83
C BusineSS code number print City or town. slate. and ZIP code F T~tal asset~ ~s0e page 12 of
or type. :re InstruGllO s
811120 Newville PA 17241 $ 20.146
G Check applicable boxes: (1) 8 Initial return (2) 0 Final relurn (3) 0 Change in address
H Check accounting method: (1) Cash (2) I1il Accrual (3) 0 Other (specify) ~
I Number of Schedules K.1. Attach one for each person who was a partner at any time during the tax year ..
(4) 0 Amended return
2
Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more in!crmatlon.
2
3
Income
4
5
6
7
8
9
10
11
12
Deductions 13
(see page 14 14
of the instruc. 15
tionsfor 16a
limitations) b
17
18
19
Please
Sign
Here
Paid
Preparer's
Use Only
1a Gross receipts or sales ......
b Less returns and allowances
1_
1b
126.791 .
1c
126 791
Cost of goods sold (Schedule A.line 8) .. ....... ......... ......
Gross profit. Subtract line 2 from fine 1c...... ............................
Ordinary inc. (loss) from other partnerships. estates. & trusts (att. sch.) ........
Net farm profit (loss) (attach Schedule F (Form 1040)) ........................
Net gain (loss) from Form 4797. Part II, line 18 .,.......
2
3
4
5
6
68 569
58.222
Other income (loss) (attach schedule)
7
Total income lIosst Combine fines 3 throuah 7
8
58 222
Salaries and wages (other than to partners) (less employment credits) . . . . . . . . . . . . ." . . . .' .. . . . . . . . . . . . 9
Guaranteed payments to partners.................................................................. 10
Repairs and maintenance.......................................................... ....... 11
Bad debts.................. ................................................................... 12
Rent ....... ..................... .................................................. .............. 13
Taxes and licenses.. ..... ...... ... ... ........ ........ ............ .......... ....~.~.~..~~~~. .~. 14
~:;r::a.I;~~.(;f. ~~~~;;~d.. ~~~~~ .F~~~'~!i62).'....'.'..."...'."..""" i.1.~~' f.............,.... '4.92 :.~
Less depreciation reported on Schedule A a~d'~i;~~j.;~r.~ ~~ ~~t~;~'.." f16b I 16c
Depletion (Do not deduct oil and gas depletion.) .........,..........,.......,..............,........ 17
Retirement plans. etc. ..................,................,................,................,........ 18
Employee benefit programs.. ..............,.......................,......,............. ........ 19
25 000
998
1. 032
629
492
20
Other deductions (attach schedule) . . . . .
.....~.~El..~t:!llt:..~
23.540
20
21 Total deductions. Add the amounts shown in the far rinht column for lines 9 throuQh 20
51 691
21
22 Ordinarv income 'loss' from trade or business activities. Subtract line 21 from line 8
6.531
22
Under penalties of pe-Jjury, 'declare \hat' n8\'e examined this return. including accompanying schedules and statements, and to the best of my knowledge
and belief. It IS true. correct. and complete OedaraUon of preparer (other than general partner ~ted liablllty company merr.ber) IS based on all
Infomlaoon afwh'ch p,"pare< has any knaW~\\ ? \ \' \ yOV-
~ Sinnature of neneral nar1ner or limited liabilit" comnanv member
Preparer's ~
~nature r
Firm's name (or ~
yours il sell-employed)
and address
Toale
3/13/00
~
Oa1e
Check if
seJf-emploved ...
I Pre parer's SSN or PTlN
n 202-48-5627
I EIN ~ 23-2349229
I ZIP",d_~ 17055
Gift & Associates
1205 Manor Drive,
Mechanicsbura PA
Suite 100
For Paperwork Reduction Act Notice, see separate Instructions.
OM
Faml 1065(19991
HIPPEN 0311312000 J 10 PM
Form 1065'(19991 Hippensteel Auto Body
25-1445513
Paqe 2
Schedule A
Cost of Goods Sold (see page 17 of the insuuctions)
b
Inventory at beginning of year.
Purchases less cost of items withdrawn for personal use
Cost of labor
Additional section 263A costs {attach schedule) .
Other costs (attach schedule)
Total. Add lines 1 through 5
Inventory at end of year
Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 .
Check all methods used for valuing closing inventory:
(i) ~ Costas described in Regulations section 1.471-3
(il) Lower of cost or market as described in Regulations section 1.471004-
(iii) Other (specify method used and attach explanation).... ..............
Check this box if there was a writedown of "subnormal" goods as described in Regulations section 1.471-2(c)
Check this box if the UFO inventory method was adopted this tax year for any goods (if cheeked, attach Form 970) .
00 the rules of section 263A (for property produced or acquired for resale) apply to the partnership?
Was there any change in determining quantities. cost. or valuations between opening and closing inventory?
If "Ves," attach explanation.
S,ee StInt: 3..
1 750
2 50 848
J 17 676
4
5 195
6 69 469
7 900
B 68 569
1
2
J
4
5
6
7
B
9.
.
~ ~
~
aq
.q No
... Yes No
c
d
... Schedule B.
Other Information
1
Yes No
What type of entity IS filmg thiS return? Check the aBhcab'e box:
a ~ General partnershIp b Limited partnership
d 0 lImlled liability partnershIp e Other..... .
2 Are any partners in this partnership also partnerships?
3 Is this partnership a partner in another partnership?
4 Is this partnership subject to the consolidated audit procedures of sections 6221 through 6233? If "Yes," see
Designation of Tax Matters Partner below.
Does this partnership meet ALL THREE of the following requirements?
a The partnership's total receipts for the tax year were less than $250,000;
b The partnership's total assets at the end of the tax year were less than $600.000; AND
c Schedules K-1 are filed with the return and furnished to the partners on or before the due date {including
extensions} for the partnership return.
If "Yes," the partnership is not required to complete Schedules L, M-1, and M.2; Item F on page 1 of Form 1065;
or Item J on Schedule K-1 .............. ...................... _.........................._......
Does this partnership have any foreign partners? .. ..................... ............................
Is this partnership a publicly traded partnership as defined in section 469(k){2)? . . . . . . . . . . . . . . . . . . .
Has this partnership filed, or is it required to file, Form 8~64. Application (or Registration of a Tax Shelter? .
At any time during calendar year 1999, did the partnership have an interest in or a signature or other authority
over a financial account in a foreign country (such as a bank account, securities account, or other financial
account)? See page 18 of the instructions for exceptions and filing requirements for Form TO F 90-22.1. If "Yes,"
enter the name of the foreign country..... ........ ......................... ...................... ...... ......... .....................,
10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a
foreign trust? If "Ves," the partnership may have to file Form 3520. See page 18 of the instructions............................. ...
11 Was there a distribution of property or a transfer (e,g., by sale or death) of a partnership interest during the tax
year? If "Yes," you may elect to adjust the basis of the partnership's assets under section 754 by attaching the
statement described under Elections Made B toe Partnershl on a e 7 of the instructions.
Designation of Tax Matters Partner (see page 18 of the instructions)
Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return:
c 0
limited liability company
x
X
X
5
6
7
B
9
X
X
X
X
X
X
Name of ~
desiqnated TMP r
Barry Hippensteel
Identifying ~
numberofTMP r ~75-40-5042
Address of
desiqnated TMP
~
35 Parsonaqe
Newville, PA
Street
17241
Form 1065 (19991
OM
la) Distributive share items Ibl Total amount
1 Ordinary incorne (loss) from trade or business activities (page 1,line 22). 1 6 531
.......
2 Net income (loss) from rental real estate activities (attach Form 8825) i .3~i .. ....... 2
3_ Gross income from other rental activilies ...ii
..... I 30 I
0 Expenses from other rental activities (attach sch.) . .
....... .... .......
0 Net income (losS) from other rental activities. Subtract line 30 from line 3a 30
4 Portfolio income (loss):
- In\erest income 4_ 282
... ....
Income 0 Ordinary dividends .. ..... ... 40
... .... ... ...... ....... ........ ....... .... .... ... ....
(Loss) 0 Royalty income. 40
.... ... ... ... .... .. .. .... ..... ........ ...... ..... ............ ...... .. ... .. .....
d Net short.term capital gain (loss) (attach Schedule 0 (Form 1065)) 4d
.... ....... ..... .... .. .....
e Net long-term capital gain (loss) (attach Schedule 0 (Form 1065)): i
(1) 28% rate gain (loss).... ..... (2) Total for year. . .... .. ...... ~ 4012
f Other portfolio income (1055) (attach schedule) 4f
..... .... ... ...... ... .. ....
S Guaranteed payments to partners ..... .... .... 5 25 000
6 Net section 1231 gain (loss) (other than due to casualty or theft) (attach Form 4797) 6
Other income 1I0ss\ {attach schedule} ..
7 7
8 Charitable contributions (attach schedule) See Stmt 4 8 335
9 Section 179 expense deduction (attach Form 4562) ... ... 9
Deductions .... ... ... . . . . . . . ...
10 Deductions related to portfOliO income (itemiz.e) ........ ..... .............. 10
Other deductions (attach schedulel ...... .......... .. ....
11 11
12_ Low-income housing credit: ~iij
(1) From partnerships to which section 420)(5) applies for property placed in service before 1990 12a(1'
(2) Other than on line 12a( 1 ) for property placed in service before 1990 .............................. 12a/2
(3) From partnerships to which section 420)(5) applies for property placed in service after 1989 .' ... .... 12.13
Credits (4) Other than on line 12a(3) for property placed in service after 1989 ............. 12a14'
........... ... ....
b Qualified rettabilitation. expenditures related to rent;:!1 real i!state act {at!.. Form 3466} ... 12b
.. .... ..... ....
0 Credits (other than cr. shown on lines 12a & 12b) related!o rental real estate activities 120
. . . . . . . . ..... .......
d Credits related to other rental activities 12d
........ ........ ............. .............. .. ........... ....
13 Other credits ... ... ....... .. 13
Invest. 14_ Interest expense on investment debts. ............... ........... ......... 14_
............................
ment b (1) Investment income included on lines 48. 4b. 4c. and 4f above ''''hi1 282
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest (2) Investment exnenses included on line 10 above ........ ..... '4bl2
Self. 15_ Net earnings (loss) from self.employment .......................................... ...............,.. 15_ 31. 531
Employ. 0 Gross farming or fishing income................................ .............. 150
......................
ment 0 Gross nonfarm income 150
16_ Depreciation adjustment on property placed in service after 1986 ...... .... ........ .. ..... 16_
Adjust. ........ ...
b Adjusted gain or toss 16b
ments ..... ...... ....... . . . . . , . ........ .... ... .... .....
0 Depletion (other than oil and gas) ..... ... ....... 160
and Tax ..... ........ ..... ....... ...' ... ......... ......
Preference d (1) Gross income from oil. gas. and geothermal properties. ................ '6dl,
.......,.........,.. ......
(2) Deductions altocable to oil. gas, and geotherma\ properties ....................................... '6d12
Items Other adjustments and tax oreference items (anach schedule)
e 16e
17_ Type of income" ................. ............... ,
b Name of foreign country or U.S. possession" ...............
0 Total gross income from sources outside the United States (attach sch.) .... . ." .' ..................... 170
Foreign d Total applicable deductions and losses (anach schedule) 17d
Taxes Total foreign taxes (check one):'" 0 Paid 0 A'~~~~d':::::: ~::::::::::: ................ ..
e 17e
.......... ....... ..
f Reduction in taxes available for credit (attach schedule) ....... ........... .... ....... 17f
a Other foreian tax information (anach schedule) .......
170
18 Section 59(e)(2) expenditures:
- Type ~ ..... ...... ... ..... ......................... b Amount ~ 180
... ....... .... ........
19 Tax-exempt interest income. ... .. .. ... ... . . . . . . . . . . ........ .. ..... 19
. . . . . . . . . . ...........
20 Other tax-exempt income .. ... .... ...... ....... ......... .... .... ...... ..... ..... ....... 20
Other 21 Nondeductible expenses. . . . ....... ....... ....... .... ...... 21
.... .......
22 Distributions of money {cash and marketat>le securities} 22 2 486
. . . . . . . . ....... . . . . . . . ....... .......
23 Distributions of property olherthan money.... ........... ........ ............. .... .. ... 23
24 Other items & amounts renuired to be renorted seoaralelv to oartners fatt. Sch.l - .
HIPPEN G3Inr,WOG:3 00 PM
Fo,m 1065'(199(11
Schedule K
Hippensteel Auto Bodv
Partners' Shares of Income Credits
25-1445513
Deductions etc
OM
PaQe 3
Fo'm 1065 (1999)
HIPPEN OJIY3J2000 3_00 PM
Form ;065 (199'91 Hippensteel Auto Bodv
25-1445513
p
Analvsis of Net Income (Loss} aQe 4
1 Net income (loSS). Combine Schedule K. lines 1 through 7 in column (b). From the result. subtract the I 1 I
sum of Schedule K. lines 8 throuah 11. 14a, 17e, and lab 31 478
2 Analysis by (I) Corpora Ie (ii) Individual (iii) Individual (v) Exempt
partner type: (activel {nassive' (iv) Partnership orqanization (vi) Nominee/Other
_ General partners 31 478
b Limited oartners
Schedule L
Balance Sheets
Not re uired if Question 5 on Schedule 8 is answered ~Yes.~
8e innin of tax ear
2_
279
End of tax ear
Assets
_
c
d
12_
b
13
Cash
Trade notes and accounts receivable..
b Less allowance for bad debts
3 Inventories
..........
4 U.S. government obligations
5 Tax~exempt securities
6 Other current assets
(attach schedule)
Mortgage and real estate loans
Other investments
(attaCh schedule)
Buildings and other depreciable assets. .
Less accumulated depreciation
Depletable assets . . . . . . , . . . .
less accumulated depletion .....
land (net of any amortization) .............
Intangible assets (amortizable only) ........
Less accumulated amortization
Other assets See Strot 5
(attach sd1edule). . . . . . . . . . . . . . . . . . . . . . . . .
Total assets .. ..... .....
Liabilities and Capital
Accounts payable. . .
7 048
957
7
8
279
750
957
900
1 000
Mortgages. notes. bonds payable in 1 year or more
Other liabilities
{attach schedule).............................
Partners' capital accounts....,............
T otalliabilities and ea ital
90 724
84 135
6 589
90
84
6 096
9_
b
10_
b
11
14
145
23 726
15
16
17
668
Mortgages. notes. bonds payable in less than 1 year
Omer current liabilities See S tm t 6
(anach schedule) . . . . . . . . . . . . . . . . . . . . . . . .
All nonrecourse loans
1 038
774
18
19
20
11 677
817
21
22
16 335
20 146
10 343
23 726
;$dhedol~CMf1; ~:~~n~~~~ai:i~~e~~~n5cO~~:h~~~:~li~::'~e~~~~e~~~e~n~o~: ~~~:~~t;u~~o~:turn
Net income (loss) per books 6 47 8 6 Income recorded o-n books this year not in~
Income included on Sch. K, In. 1 through eluded on Schedule K.lines 1 through 7 (itemize):
4. 6. and 7. not recorded on books this a Tax-exempt interest $
1
2
year(ilemize): ............,.............
. .....................................
7 Deductions included on Schedule K, lines 1
25 000 through 11.14_, 170, and 18b, not charged
against book income this year (itemize):
a Depreciation $
3 Guaranteed payments (olher than
health insurance) .....................
4 Expenses recorded on books this year not
included on Schedule K. lines 1 through
11. 14a. 17e. and 18b (itemize):
a Depredation $
b ~~!~~~fnn~ent S .............
5 Add lines 1 throu h 4 .
8 Add lines 6 and 7
9 Income (loss) (Analysis af Nellncome {Loss},
31 478 line 1 . Subtract line 8 from tine 5
31 478
Schedul",M-2 Analvsis of Partners' Canital Accounts (Not reQuired if Question 5 on Schedule B is answered ~Yes.")
1 Balance at beginning of year. . . . . . . . . 10 343 6 Distributions: a Cash 2 486
2 Capital contributed during year . . ..... 2.000 b Property ...
7 Other decreases .......
J Net income (loss) per books........... 6 478 (itemize):
4 Other increases
(itemize): ... ... .......... .. .... ... ...
..... 8 Add Jines 6 and 7 2.486
. . . . . . . . . . . . ....... ....... ...
5 Add lines 1 throuah 4 18 8n 9 Balance at end of ....ear. Subtract In. S from In. 5 16 335
OM
Form 1065 11999)
HIPPEN 0'3/1312000 301 PM
Partner's Share of Income, Credits, Deductions, etc.
~ee separate Instructions.
ear be innin
, and endin
Partnershi 's ldenti in number....
Partnership's name, address, and ZIP code
Hippensteel Auto Body
Hippensteel Auto Body
6 West Green Street
Newville PA 17241
F Partner's share of liabilities (see instructions):
Nonrecourse
Qualified nonrecourse financing
Other
Tax shelter registration number. ,..
Check here if this partnership is a publicly traded
partnership as defined in section 469(k)(2) , .
SCHEDULE K-1
(Form 1065)
Department of the Treasury
Int mal R v nue eN! e
Partner's identif in number"
Partner's name. address, and ZIP code
Barry E Hippensteel
35 Parsonage Street
35 Parsonage Street
Newville
A This partner is a general partner
o limited liability company member
B What type of entity is this partner? .. Individual
C Is this partner a ~ domestic or aD' foreign partner?
o Enter partner's percentage of: (1Ioi1~~~i~~<<g~e (ill year End of G
Profit sharing % .sa. 0.0.0.0.0..00/. H
loss sharing % .so., 0 0..0.0..0 0.0/.
Ownership of capital % ...5.0.,0.0.0..0..'10.0/.
e IRS Center where partnership filed retum: I
Phi1adel hia PA 19255-0.0.11
For calendar ear 1999 or tax
175-40.-50.42
PA 17241
limited partner
J Analvsis of oartner's caoital account:
(a) CapitatacCQuntal (bl Capilalcontnbu\i!ld
beginning of year during year
Check applicable boxes: (1)
o Final K~1
(c) PartM(s share of lines
3.4, and 7, Form 1065,
Schedule M.2
2 444
1 DAD
(a) Oistrtbuttve sha.re item
Ordinary income (loss) from trade or business activities..................
Net income (loss) from rental real estate activities ..........,.......,..
Net income {loss} from other rental activities.................... .......
Portfolio income (loss):
a Interest .......... .......
b Ordinary dividends
c Royalties .. ...........,...........................,....... ..........
d Net short-term capital gain (loss) ...........".......,.....,............
e Net long-term capital gain (loss):
(1) 28% rale gain (loss) ..............................................
(2) Total for year.....................................................
f Other portfolio income (loss) (att. schedule) .............................
5 Guaranleed payments to partner.................... ...................
6 Net section 1231 gain (loss) (other than due to casualty or theft}.........
7 Other income floss' fattar'h schedule'
8 Charitable contributions (see instr.) (att. Sch.) ..... S.'?~...S tm~.......
9 Section 179 expense deduction........................................
10 Deductions related to portfOliO inc. {an. sell.}......"..........,........,.
11 Other deductions (attach schedule' ..
12a Low-income housing credit:
(1) From section 42Gl(5) partnerships for property placed in
service before 1990 ........"...................................,.....
(2) O\her\han on line 12a(1) for property placed in service before 1990
(3) From seclion 42(j){5) partnerships for property placed in
service after 1989 ..... ....
(4) Other than on line 12a(3) for property placed in service after 1989
b Qualified rehabilitation expenditures related to rental real estate
activities. ........... ..,' .... ," ...... .... .... ..... .... ... ......
c Credits (other than credits shown on lines 12a and 12b) related
to rental real esta\eactlvities .." ..... ......,.. .... ..... ...........
d Credits related 10 other rental activities. . . . . . . . .. .................
13 Other credits
For Paperwork Reduction Act Notice, see Instructions for Form 1065.
OAA
1
2
3
4
Income
(Loss)
Oeduc~
tions
Credits
(d) Withdrawals and
distributions
3 239
2.486
(b) Amount
1
2
3
(i........i
4a
4b
40
3.266
141
wi
e11\
~/21
41
5
6
7
25 aDo.
8
9
10
11
a/l1
a/2\
I....{..{
a/31
al41
..
12b
i
120
12d
13
OMS No. 1545-0099
1999
25-1445513
$
$
$
.......1..4.97
.4.0.9
o
(2)
o Amended K.1
(e) Capital account at end of
year (combine ~I.umns (a)
throuoh rdll
4 197
(c} 1040 filers enter the
amount in column (b) on:
} See page 6 of Partner's
Instructions for Schedule K.l
IForm 1065).
Sch. S, Part I, line 1
Sch. S. Part II. line 5
5ch. E. Part I, line 4
Sch. D.line 5. col. (f)
Sch. D. line 12. col. (g)
Sch. D.line 12. col. (f)
Enter on applic. In. of your rtn.
} See page 6 of Partner's
Instructions ror SChedule K.l
(Form 1065).
Enter on aooHc. In. of vour rtfl.
168
5ch. A,line 15 or 16
} See pages 7 and 8 01
Partner's Instructions for
Schedule K.' (Form 1065).
~ Form 8586. line 5
} See page 8 of Partner's
Instructions lor Schedule K.l
(Form 1065).
Schedule K.1 (Form 106511999
HIPPEN 03113/2000 3:01 PM
Barry E Hippensteel
Schedule K.1 (Form 1065) 1999 Hiooenstee1 Auto Bodv 25-1445513 Pano 2
(a) Distributive share item (b) Amount (e) 1040 filers enter the
amount in column (b\ on:
Invest. 14a Interest expense on investment debts 14a Form 4952, line 1
ment b (1) Investment income included on lines 4a. 4b,4c, and 4f bIll 141 } See page g 01 Partner's
Instructions for Schedule K.l
Interest {2\ Investment exnenses included on line 10 b'2' (Form 1065).
Self- 15a Net earnings (loss) from self.employment 15a 28 266 8ch. SE, Section A or B
employ. b Gross farming or fishing income 15b };see page 9 of Partner's
Gross nonfarm income nSlrtJction:,for Schedule K.l
ment e 15e Form 1065 .
Adjust. 16a Depreciation adjustment on property placed in service after 1986 16a
.....
ments b Adjusted gain or loss 16b See page 9 of Partner's
............ .................................. ... Instructions
and Tax e Depletion (other than oil and gas) 16e ...:?r Schedule K-1
.... ..... ....... . . . . . . . . . . . ....... dll)
Prefer. d (1) Gross income from oil, gas, and geothermal properties.
...... ....... (Form 1065) and
ence (2) Deductions allocable to oil, gas. and geothermal properties dl21 Instructions lor Form 6251.
...
Items . Other adjustments and tax oreference items 16.
17a Type of income ~ ...... ...... ........ ... ... ........... ... .. ...... ~ii Form 1116. check boxes
b Name of foreign country or possession ~ .............. }orm
.....
Foreign e Total gross inc. from sources outside the U.S. 17e 1116. Part I
...... ..... .... ..... ..
Taxes d Total applicable deductions & losses (an. Sch.) .... ..... 17d
. Total foreign taxes (check one): ~ 0 Paid "'O'A~~~~d' ...... 17. Form 1116. Part /I
1 Reduction in taxes available for credit (an. sch.) .. .................... 171 Form 1116. Part III
n Other foreien tax information (attach 5ch.) : : .. . .. . . II See Instructions for Form 1116.
18 Section 59(e)(2) expenditures: a Type" ...... ........ .............. }see page 9 of PaMets
.. .... .............. ...... ........ ... .. .. ..... ... ... .... .... ....... nstructions for Schetlule K.l
b Amount ... .... ... .... ... .... ....... ... .... .... .... ...... 18b (Fonn 1065).
....
19 Tax-exempt interest income .... .. .... .... ... ................ ... 19 Form 1040.llno Sb
.....
20 Other tax~exempt income .... .... ..... ........ .. ... 20
. . . . . . . . . . . . . . . . . . . ~ee pages g and 10 of
Other 21 Nondeductible expenses 21
..... ..... ... .... ... ... ..... .......... .. .. artner's Instructions for
22 Distributions of money (cash and marketable securities) .. ............ 22 2 486
23 Distributions of property other than money ~ Schedule K.l (Form t065).
...... ....... .......... .... ...
24 Recapture of low-income housing credit:
a From section 42(j)(5) partnerships ..... 24a porm 8611, line 8
...................... ...........
b Other than on line 24a .. 24b
25 Supplemental information required to be reported separately to each partner (at1ach additional schedules if more space is needed):
.. .. ................... ............... ............................................... ............... . . . . . . . . . . . . ...... ....... .. .........
..... .................................. ............................................................... ........... ...... ..... .... .... ...
... ... .............. .......... ................................................... . . . . . . . . . . . . . . . . ...... .... .... ... ..... .... ...
... .. .... .. .............................. ................ ..................... ...................... ......... .... .. ... ... ....... ..........
.. .. ...... ..... ....... ...... ....... ..... . . . . . . . . . . . . . . . . ..................... . . . . . . . .... ........... ........ .... .. .. .... .. .... ............
.. .............. . . . . . . . . . . .......... .... ... ............... ..................... ..... .. . . . . . . . . . . . . . . '" .. ... .. ... ......... ........... ....
.................................................................................................. ..... . . . . . . . . .......... ... .. ... .......
......... ............................................................................................ . . . . . . . . . . . . . . . . . . . . .. .... ... .... .. ..
.. ........... ...... .......................................................... .......... . . . . . . . . . . . . . . . . ....... .. ... ... .. .. ..... ....... ...
... ........... .......................................................................................... .. ..... ..... .. ..... ... ... .........
." ........... ... ... .................................................................................. .. ..... .... ...... .. ....... ....
......................... ........................................................................ ............................... .. .......
Supple. .... ..................... ........................................................................ .......... ..... ... ..... .......... .....
mental .... .... ......................................................................................... ..... ... ....... . . . . . . . . . . .........
Informa. ........ ..................................... ...................................................... .. ...... ..... .......... ... ... .. .. .... ..
tion ..... ................. ... ........ ...... ... .. .... .......... ..... .... .... .... ... ... ....... ..... .... ..... ..... . . . . . . . . . . . . . . .... ... .......
........ . . . . . . . . . . . . . .. .. ........ ... .... .... ........ .. .. .... ....... ... .... .... ...... ..... .. ..... ....... ....... .. ..
......... ................. .... ......... ...... -... ... ............ .... ... .....
.. .... ... .... .... .... ..... .... ....
.... .. .... ... ...
... .... ..... ... ..... ............... ........... .. .............. ....
..... ......... .......... ...... ...... ........ ... ..... ...... ........ ... ......... ... ......... .. ...... .. ... ...
... ... .... ... ... ..... ....... ..... ..... .... . . . . . . . . ...... .. ..... .. ..... .... ...... ..... ..... .... .. ... ..........
..... ....... ... ... ...... ... ... ... .......... ..... ....... ... ...... ... .... ....... '" ... ..... .. .... .. ... .. ...
.. .... .... ... .... ... .. ... ..... ... .......... ..... .... ... ... .. ...... .. ... .... ... ... ... .... .. .... ......
OM
Schedule K.1 (Form 1065)1999
HIPPEN 03/1312000 301 PM
SCHEDULE K-1
(Form 1065)
Department of the Treasury
In rn 1 R yen rvi
Partner's identif in number"
Partner's name. address, and ZIP code
Partner's Share of Income, Credits, Deductions, etc.
liJosee separate Instructions.
ear be innin
OMS No. 1545.0099
limited partner
. and end in
Partnershi 's idenli in number'"
Partnership's name, address. and ZIP code
Hippensteel Auto Body
Hippensteel Auto Body
6 West Green Street
Newville PA 17241
F Partner's share of liabilities (see instructions):
Nonrecourse
Qualified nonrecourse financing
Other
Tax shelter registration number ....
Check here if this partnership ;s a publicly traded
partnership as defined in section 469(k)(2)
1999
For calendar ear 1999 or tax
210-32-7496
25-1445513
Richard G. Hippensteel
452 Centerville Rd.
Newville PA
A This partner is a general partner
o limited liability company member
B What type of entity is this partner? ~ Indi vidual
C Is this partner a Qg domestic or aD. foreign partner?
o Enter partner's percentage of: (i)cPr'~~~ik~~BRe (ii) year End of G
Profitshanng % 50.000000%H
Loss shanng. % .5.0,.0.0.0000%
Ownershipolcapilal % SO,.O.o.O.O.o()%
E IRS Center where partnership filed return: I
Philadel hia PA 19255-0011
PA 17241
$.
$.
$.
q.l.,4.9?
.4.08
o
Check applicable boxes: (1)
o Final K-1
(2)
o Amended K-1
J Analvsis of cartner's cacital account:
(a) Capital account at (b) Capital contributed (e) Partner's share of lines (d) 'Nithdrawals and (e) Capital account at end of
beginning of year during year 3.4, and 7. Fonn 1065. distributions year (com~:~~ ~~~mns (al
Schedule M.2 Ihrou h d
7 899 1 000 3 239 12 138
(a) Distributive share item (b) Amount (c) 1040 filers enter the
amount in column {bl on:
1 Ordinary income (loss) from trade or business activities ... .. .. .... ..... 1 3 265 } See page 6 of Panners
2 Net income (loss) from rental real estate activities ... ........... ....... 2 Inslructions for Schedule K-1
3 Net income (loss) from other rental activities 3 (Form 1065).
..... .... ...... .... ... ......
4 Portfolio income (loss): i.'.UUU
a Interest 4a 141 Sch. 8, Part I, line 1
......... ............,....................... .................. Sch. 8, Part II, line 5
Income b Ordinary dividends .................................................... 4b
c Royalties 4c Sch. E, Part I, line 4
(Loss) ...................... ..................... . . . . . . . . . . . . . . ..,
d Net short.term capital gain (loss) 4d 5ch. D, line 5, col. (I)
................... ... ................
0 Nellong-term capital gain (Joss); iU
(1) 28% rate gain (loss) ..... ...... ... .. 0111 5ch. D, line 12, col. (g)
......... ....... e/21
(2) Total for year.. .. .. . .. .... ........... ........ .... .. .... ..... ..... 5ch. D,line 12, col. (I)
1 Other portfolio income (loss) (att. schedule) ........ 41 Enter on applic. In. of your rtn.
... .... ...... .....
5 Guaranteed payments to partner 5 } See page 6 of Panners
.... .............. ....... Instructions for Schedule K.'
6 Net section 1231 gain (loss) (other than due to casualty or theft). ...... ... 6 (FolTl'l1065).
7 Other income f1oss\ 'attach schedule' 7 Enter on annlic. In. of vour rtn.
8 Charitable contributions (see instr.) (att. sch.) .. .... .~.e.e...S tIII.t ....... 8 167 5ch. A, line 15 or 16
Oeduc- 9 Section 179 expense deduction 9 } See pages 7 and 6 of
................ ................... .....
lions 10 Deductions related to portfolio inc. (alt. sch.) . . . . 10 Partner's Instructions for
. . . . . . . . . . . . . . . . . . . . . . ... Schedule K.l (Form 1065).
11 Other deductions 'attach schedule\ .
12a Low.income housing credit:
(1) From section 420)(5) partnerships lor property placed in
service before 1990 ....... ......................... .......... ....... arl\
(2) Other than on line 12a( 1 ) for property placed in service before 1990 a/2\ ~ Form 8586, line 5
(3) From section 42(j)(5) partnerships for property placed in I..i.\.
service after 1989 .. .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ......... ..... ar31
Credits (4) Other than on line 12a(3) for property placed in service after 1989 a/41
b Qualified rehabilitation expenditures related to rental real estate Ii
activities .......... ..... ........ . . . . . . . . . . ...... .,. 12b
c Credits (other than credits shown on lines 12a and 12b) related Ii } .--...-..
to rental real estate activities 12c Instructions for Schedule K.l
.... .... .,. ..... ..... ...... ........ (Form 1065).
d Credits related to other renlal activities ... .... . . . . . . . .. . . . . . . 12d
13 Other credits 13
For Paperwork Reduction Act Notice, see Instructions for Form 1065.
OM
Schedule K~1 (Form 1065) 1999
H~PPEN. 03/ 1 ~/200q 3 01 PM
Richard G. Hippensteel
Schedule K-1 (Form 106511999 Hinnensteel Auto Bodv 25-1445513 Paae 2
(a) Distributive share item (b) (c) 1040 filers enter the
Amount amount in column (b) on:
Invest. 14. Interest expense on investment debts ..... 14. Form 4952. line 1
..
ment b (1) Investment income included on lines 4a. 4b, 4c. and 4f bl11 141 } See page 9 of Partner's
Instructions ror Schedule K-1
Interest '2' Investment ex"enses included on line 10 bl21 (Form 106S).
Self- 15. Net earnings (loss) from self-employment 15. 3 265 Sch. SE, Section A or 8
........ ............ ..
employ- b Gross farming or fishing income ..... .. ...... ... .... ...... .... .. ... .... 15b }:see page 9 or Partner's
ment c Gross nonfarm income 15c . J~struction::or Schedule K-l
Form 1065 .
Adjust- 16a Depreciation adjustment on property placed in service after 1986 16. 1-
.........
ments b Adjusted gain or loss 16b See page 9 of Partner's
.... . . . . . . . . . . . . . . ........ . . . . . . . . . . . . . . . . . . . . . . Instructions
and Tax c Depletion (other than oil and gas) ..... .. .. ..... . . . . . . . . . . . ..... 16c ~~or Schedule K-1
...... dl1\
Prefer- d (1) Gross income from oil, gas. and geothermal properties. . (Form 1065) and
ence (2) Deductions allocable to oil. gas. and geothermal properties dl21 Instructions for Form 6251.
Items e Other adjustments and tax oreference items 16.
17a Type of income'" ..... ....... Form 1116. check boxes
b Name of foreign country or possession.... ..... ....... .. Ii, }arm
Foreign c Total gross inc. from sources outside the U.S. .... ........ ... ......... ... 17c 1116. Part I
Taxes d Total applicable deductions & losses (an. sch.) .. ... 17d
. Total foreign taxes (check one):.... D P~id' . "O'A~~~~d' ... ... 17. Form 1116. Part II
I Reduction in taxes available for credit (an. Sch.) ....... 171 Form 1116. Part III
Other foreien tax information (attach sch.i : .....................
" 17" See Instructions for Form 1116.
18 Section 59(e)(2) expenditures: . Type~ ..... ...... ... .. ..... ....... I }s.e p.g. g of Partn.(s
. . . . . . . . . . . . . ........ ...... .. .... .... ... ...... ....... ..... ..... nstructions for Schedule K.1
b Amount ....... .. ...... ..... ..... ........... ......... 18b (Form 1065).
19 Tax~exempt interest income 19 Form 1040, line 8b
20 Other tax-exempt income ........... 20
Other 21 Nondeductible expenses 21 }e. pages 9 and to of
. . . . . . . . . . ............. ..... . . . . . . . . . . . . .... artner's lnstruclions ror
22 Distributions of money (cash and marketable securities) .... ......... ... 22
Schedule K.' (Form 1065).
23 Distributions of property other than money ..... ... . . . . . . . . . . . . 23
....... .. ~
24 Recapture of 10w.income housing credit:
. From section 420)(5) partnerships ....................... ~orm 8611. line 8
....... ........ 24b I
b Other than on line 24a
25 Supplemental information required to be reported separately to each partner (attach additional schedules if more space is needed):
.. ..... . . . . . . . . . . ..... ......... ... .... .................. ...,......... . . . . . . . . . . . . ..... .... ..... ........ ....... ...... .. .... .....
....... ... . . . . . . . ... ..... ..... ....... ... ......... .... ............ ... ...... .. ... ... .... ......... .. .... .....
..... ... .... ..,. .. ... ... .. ..... .... .. ... .... ...... .. ..... ... .. .... ...... ,...... ........
......... .. ............ ... ... ............................................ ..... . . . . . . . . . . . . . ........... . . . . . . . . . . . . . . . . ..... ..... ..... ...
.. .. ..... ......................-................................................................ ..... ..... .......... ..... .... ..... .... ....
.... ........... ..................- ....................................................... .... .... .... ... ...... ... .. .......... .....
.... ............................................................-......,..........................,.................. ... ..... .... ........
............................................................................-.-. ........................ ....... ... ... ......
.....................................................-..................................................... .... .... .. ..... ...... ........
.... ........ ....... .................-........ .... ........................ ... ............. ..... ....... ... ..... .. ...... ... ... ....
.. .. .. .... ......... .......... ......... ...... .. ...................... ..... ... ......... .... ........ ...... .....
-...... ..... .. ........... ...... ........... .. ..... ...... .... ........ .. .. ........ ..... .... .... -... ..... .. ...... .....
Supple- ... ..... ..... ...... ..... ... ..... .. ...... .. ......... ... ..... ........ ...... ..... ..... .... .......... ... .....
mental ........ ... .... ...... ...... ... ...... ... .. .. .. .... .. .... .... ............. ..... ..... ...... ....... .... ............ .. .... .........
Informa- ....... ... .. ........ ..... ... .... ... ... .... ........ ........... .. ..... .... .......... .. ......... ... ... .... ... .... ...
.... .... .......
tion ..... .. ... ...... ... ... ... ..... .. ..... ...... ........ ..... .... .. ............ .............. ... ..... ........ ....
... .... .... .....
.... ..... ..... .. .... .. ... ....... ... ..... .. . . . . . . . . . . . . ........... ... ...... .. ...
....... ..... .. ... .... .... ..... ..... ... ... ...... .. .... ... ......... ....
..... .... .. .... .. ...... ..... ..... ........ ..... .. ... ..... ..... .. .. .. .... .. ......... .... ... ..... .. .... ...... ....... ...
.... .. ..... .... .. .... .... ...... .... ........... ..... .... .... .. .... ... .... .... ...
......... ... .. .... ... ... ....... .... ..... ..... .. ..... ....
... .. .... .. ..... .... .. ....... .. .... ... .. ....... ......... ... .... .... .. .. .......
... ........ .... ....... ...... ........ .... .. ....... ...... ... ...... ..... .. .... ... ... ... ..... .......
.... .... ....... ..... .... .... ...... ....... ... .. .. .... ... ... ......... ... ... .......
... ..... .... ... ... ... .. .... . . . . . . . ... ....... ... ..... ... ........
OM
Schedule K-1 (Form 1065) 1999
HIPPEN 03/13/2000 3:01 PM
Form 4562
Depreciation and Amortization
OMS No. 1545-0t72
Department of lhe Treasury
Internal Revenue ServIce (99
Name(s) shown on retum
(Including Information on Listed Property)
Jli>- See seoarate instructions.
.... . . _ _ _ Attachment
,...- Attach this form to vour return. Senuence No.
Identifying number
1999
67
Hi~~enstee1 Auto Bodv
25-1445513
Business or activily to which this form relates
Requ1ar Depreciation
Part I Election To Ex ense Certain Tan
1 Maximum dollar limitation. If an enterprise zone business. see page 2 of the instructions
2 Total cost of section 179 property placed in service. See page 2 of the instructions.
3 Threshold cost of section 179 property before reduction in limitation.
4 Reduction in limitation. Subtract line 3 from line 2. If zero or Jess, enter -0. .
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married
tilin se arateJ ,see a e 2 of the instructions
Note: If OU have an ~!is:ed ro e .. com I. PI. V before Pt. I.
1
2
3
4
$19.000
$200.000
5
a Descfl lion of ro ert
b Cost business use ani
c Elected -;':SI
6
7 Listed property. Enter amount from line 27 ..
8 Total elected cost of section 179 property. Add amounts in column (c). lines 6 and 7
9 Tentative deduction. Enter the smaller of line 5 or line 8
............
10 Carryover of disallowed deduction from 1998. See page 2 of the instructions ...,.....
11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instructions)
12 Section 179 expense deduction. Add Jines 9 and 10, but do not enter more than line 11
13 Car over of disallowed deduction to 2000. Add lines 9 and 10. Jess line 12 ... 13
e'tta~~ g~o~I~~: o~rt /1 o~ art lI~bFrI~wntO~li~~~ %O~:rt~ ~i~~m~bl~ss c~~~r ol~~t v~hjCleSpi~I~I'b~~I~Pho~es.
Part II MACRS Depreciation for Assets Placed in Service ONLY During Your 1999 Tax Year(oo No' 'ndude Listed Prope",,)
Section A~General Asset Account Election
If you are making the election under section 168(i)(4) 10 group any assets placed in service during the lax year inlo one
or more Qeneral asset accounts, check this box. See DaQe 3 of the instructions
Section B.General De reciatlon S stem GOS
7
8
9
10
11
12
14
~fl
(a) Classification of property
IC) Basis for depreciation
business/investmenl use
i .
See a e 3 of the instructions.
(d) Recovery
(e) Convention
period
(f) Method
(g) Depreciation deduction
15a 3- ear ro ert
b 5- ear propert
c 7- ear ro ert
d 10- ear propert
e 15-year property
20- ear ro ert
25- ear ro e
h Residential rental
ro e
Nonresidential real
ro e
MM
MM
MM
MM
See a e 5 of the instructions.
25 rs.
27.5 rs.
27.5 rs.
39 rs.
SlL
SIL
S/L
SIL
SIL
S:L
SiL
SIL
17
18
19
20
21
492
16a Class life
b 12- ear 12 rs.
c 40- ear 40 rs. MM
Parflll" Other De reciation Do Not Include Listed Pro e See a e 5 of the instructions.
17 GDS and ADS deductions for assets placed in service in tax years beginning before 1999 ...,..... ,.............
18 Property subject to section 168(f)(1} election ... .. ..., '. ..... ,... ... ..... ,..........,..
19 ACRS and other de reciation
'Par1'IV Summa See a e6oftheinstructions.
20 Listed property. Enter amount from line 26 .
21 TotaL Add deductions on line 12. lines 15 and 16 in column (g), and lines 17 through 20. Enter here
and on the appropriate lines of your return. Partnerships and S corporations-see instructions
22 For assets shown above and placed in service during the current year,
enler the ortion of the basis attributable to section 263A costs 22
For Paperwork Reduction Act Notice. see page 9 of the instructions.
OM There are no amounts
492
Form 4562(19991
for Page 2
HIPPEN 03/13/2000 301 PM
Fu""'562 11999) Hippensteel Auto Bodv 25-1445513 Paqe2
Part V Listed Property-Automobiles, Certain Other Vehicles, Cellular Telephones, Certain Computers and
Property Used for Entertainment, Recreation, or Amusement '
Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complele only
23a 23b columns la\ throuah {d of Section A all of Section 8 and Section C If 3oolicable.
Section A~Oe reeiation and Other Information Caution: See a e 7 of the in tructions for limit for assen er automobiles.
23a Do ou have evidence to su art the busn./lnvest. use claimed? Yes No 23b If "Yes," is the evidence written? Yes No
(a)
Type of prop.
(JistvehlcJes
first
(b)
Date placed in
servIce
(e)
Busn./invesl.
ose
ercenla e
(d)
Cost or other
basis
(e)
Basis for depreciation
(business/investment
u'Seonl
(I)
Recollery
period
(gl
Method/
Convention
(h)
Depreciation
deduction
Ii)
Elected
section 179
cst
24 Prooert used more than 50% il"l a oualified business use (See oaae 6 of the instructions,):
0/,
0/,
25 PrO ert used 50% or less in a ualified business use See a e 6 of the instructions.
.
S/L-
S/L-
26 Add amounts in column (h). Enter the total here and on line 20. page 1 26
27 Add amounts in column i. Enter the total here and on line 7, a e 1
Section S.lnformation on Use of Vehicles
Complete this section for vehicles used by a sole proprietor, partner, or other -more than 511A o......ner,R Of related person.
27
If you orovided vehicles to vouf emnlovees. first answer the auestions in Section C to see if IiCIU meel an exceo tion to comoleUno this section for those vehicles.
28 T ota! businesslinvestment miles driven during la) Ib) (e) (d) (e) (I)
the year (DO NOT include commuting miles~ Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Vehicle 5 Vehicle 6
see page 1 of the instructions) ..
29 Total commuting miles driven during the year.
30 Total other personal (noncom muting)
miles driven ............................ . . . . . . . .
31 Total miles driven during the year.
Add tines 28 through 30 ,...........,........ .....
Ve. No Ve. No Ve. No Ve. No Ve. No Ve. No
32 Was the vehicle available for personal
use during off-duty hours? .. . . . . . . . . . . . . . . ...... ..
33 Was the vehicle used primarily by a
more than 5% owner or related person? .... .p
34 Is another vehicle available for personal
use?
Section C~Questlons for Employers Who Provide Vehicles for Use by Their Employees
Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who
are not more than 5% owners or related oersons,
Ve. No
35 00 you maintain a written policy statement that prohibits all personal use of vehictes, including commuting,
by your employees? .... ................"........,.. ........ ........ ...........,...."......,..... ... ....."............. ......
36 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting. by your employees?
See page 8 of the instructions for vehicles used by corporate officers, directors, or 1 % or more owners . ....... ...
37 Do you Ireat all use of vehicles by employees as personal use? . ...... ........ ..." .....
38 Do you provide more than five vehicles to your employees, obtain information from your employees about
the use of the vehicles, and relain the information received? ....".........."..."..""......,. .."......... .. .....".. .... .....
39 Do you meet the requirements conceming qualified automobile demonstration use? See page 8 of the instructions. . .....
........ p.
Note: If vour answer to 35, 36, 37, 38. or 39 is .Ves: vou need not complete Section B for the covered vehicles. ,
Part VI
Amortization
la) (b) (e) (d) Ie) (I)
~scription of costs Date amortization Amortizable Code Amorti.::alion Amortization for
begins amount section period or this year
nercenta.-oe
40 Amortization of costs that benins durinn vour 1999 tax vear:
I
41 Amortization of costs that benan before 1999 141
42 Total. Enter here and on ~Olher Deductions. or "Other Exnenses. line of vour retum 142
OM
~...,..... ,d.c;,:;? /1000\
, HIPPEN' Hippensteel Auto Body
25-1445513
FYE: 12/31/1999
3/13/2000 3:00 PM
Federal Statements
Description
Property Taxes
Permits
Total
$
$
Statement 2 - Form 1065. Page 1. Line 20 - Other Deductions
Description
Advertising
Outside Services
Operating Supplies
Freight & Postage
Utilities
Telephone
Insurance
Vehicle Expenses
Legal & Accounting
Office Expense
Laundry
Payroll Taxes
Miscellaneous
Total
$
Amount
661
2,603
1,980
134
2,650
580
7,898
677
2,472
1,596
774
1,527
-12
23,540
$
1-2
HIPPEN' Hippensteel Auto Body
25-1445513
FYE: 12/31/1999
3/1312000 3:00 PM
Federal Statements
Statement 3 - Form 1065. Schedule A. Line 5. Other Costs
Description
Amount
$ 195
$ 195
Towing
Total
3
. HIPP~N 'Hippensteel Auto Body
25-1445513
FYE: 12/31/1999
Federal Statements
3/13/2000 3:00 PM
Statement 4 - Form 1065. Schedule K. Line 8 - Charitable Contributions
Description
Donations
50%
30%
20%
Total
Total
$
$
335 $
335 $
$
o $
$
o $
335
335
4
. HIPPEN -Hippensteel Auto Body
25-1445513
FYE: 1213111999
311312000 3:00 PM
Federal Statements
Statement 5 - Form 1065. Schedule l. Line 13 - Other Assets
Description
Beginning
of Year
$ 145
$ 145
$
$
security Deposit
Total
Statement 6 - Form 1065. Schedule l. Line 17 - Other Current Liabilities
Description
Beginning
of Year
$ 1,038
$ 1,038
$
$
payroll and Sales Tax Liab
Total
5-6
. HIPPEN 'Hippensteel Auto Body
25-1445513
FYE: 12/31/1999
Federal Statements
3113/2000 3:00 PM
Description
Interest Income
Total
Form 1065. Schedule K. Line 43 . Interest Income
Amount
$ 282
$ 282
. HIPPEN 'Hippensteel Auto Body
25-1445513
FYE: 12/31/1999
Federal Statements
3/13/2000 3:00 PM
Form 1065. Schedule L. Line 1 . Cash
Beginning
of Year
$ U,963
$ U,963
Description
Total
End
of Year
7,048
7,048
$
$
Form 1065. Schedule L. Line 2a. Trade Notes and Accounts Receivable
Description
Beginning
of Year
$ 279
$ 279
Total
$
$
Form 1065. Schedule L. Line 3 . Inventories
Description
Beginning
of Year
$ 750
$ 750
Total
$
$
Form 1065. Schedule L. Line 11. land
Beginning
of Year
$ 4,000
$ 4,000
Description
Total
End
of Year
4,000
4,000
$
$
Form 1065. Schedule L. Line 15. Accounts Payable
Description
Beginning
of Year
$ 668
$ 668
Total
$
$
End
of Year
2,220
2,220
Form 1065. Schedule L. Line 19 . Mortgaae, Notes. Bonds Payable in 1 Yr or More
Description
Beginning
of Year
$ U,677
$ U,677
Total
$
$
---3
PA-65 -1999
9905913191
Federal Employer Identification Number
25-1445513 C
PA.65 (09-99)
PA DEPARTMENT OF REVENUE OFFICIAL USE ONLY
Commonwealth of Pennsylvania Partnership Information Return
PLEASE PRINT IN BLACK INK. ENTER ONE LETTER OR NUMBER IN EACH BOX. FILL IN OVALS COMPLETELY.
REVIEW ALL PREPRINTED INFORMATION.
I I Extension Reauest. See instructions.
Fiscal Year Filer. See Instructions.
D Fill in the oval if the partnership files on a
fiscal year basis. Indicate fiscal year from
to
Final Return. See Instructions.
D Fill in the oval. Date out of existence
P
l
A
C
E Partnership's Name
.... HIPPENSTEEL AUTO BODY
l
A
B
E
l
Street Name
6 WEST GREEN STREET
o~ou want a 2000 PA.65 Booklet?
U Fill in the oval if you WILL NOT NEED
a 2000 PA Partnershin Booklet.
o EIN/Name/Address Change.
Fill in this oval jf preprinted label is incorrec!.
or if the oartnershio did nol file a 1998 PA-65.
lB. Enter Amounts Received as a
~~g~~~Ii~~a~~holder.
...... City or Post Office
H
E NEWVILLE,
R
E
State ZIP Code
PA 17241
Attach all necessary supporting Pennsylvania or other schedules. Follow instructions for
Parts A and B.
PART J. Determining Total Net Income or Loss from the
ODe ration of a Business Profession, or Farm.
1a. Total Net Income or Loss from the Operation of a
Business, Profession, or Farm.
I A.
Enter Amounts from the
Partnership's Own
O;'erations and Activities.
LOSS
o
1a.
6,196
LOSS
o
lb.
1b.
Share of Net Income or Loss from Other Entities. .
PART II. Apportioned Net Business Income or Loss.
2a. Net Income Or Loss from Line 7 of PA Schedule
NRH (Own Operations). ..........
LOSS
o 2a.
2c.
PA Allocable Business, Profession, or Farm Income or Loss. Add Lines 2a and 2b.
LOSS
.....0
LOSS
...0
2c.
2b.
Net Income or Loss from Line 7 of PA Schedule NRH (Other Entities). . . . . .
2b.
PART III. Determining Noncommericallncome or Loss.
3.
PA Taxable Interest Income.
3a.
282
3b.
4.
PA Taxable Dividend Income. . .
4a.
4b.
5. Net Gain or Loss from the Sale, Exchange, or LOSS
Disposition of Property. .... .. . .. . .. . . . .. .. ... .. . .. .. .. . . .. .. .. .. .. .... 0 Sa.
LOSS
o 5b.
6.
Net Income or Loss from Rents, Royalties, Patents,
and Copyrights. ..... ...... ...... .... ... ." ...... .... .....
LOSS
....... 0 6a.
lOSS
o
6b.
7b.
7.
Estate or Trust Income (Resident Taxable Income).
8. Gambling and Lottery Winnings. .......
8a.
9.
Total Noncommercial Income or Loss.
LOSS
o 9a
8b.
282
LOSS
o 9b.
Add ONLY the income amounts on Lines 3 through B.
00 Not Add Any losses on Lines 5 or 6.
L
9905913191
9905913191
~
~
PA-65 -1999
9906013199
PA.65 (09.99/
PA DEPARTMENT OF REVENUE
PART IV. Determining Allocable Noncommercial Income or Loss.
10. Net Gain or Loss from the Sale, Exchange. or HIPPENSTEEL AUTO BODY
Disposition of Tangible Personal Property or Real LOSS
Property Located in Pennsylvania. .......... .......... 0 lOa.
OFFICIAL USE ONLY
25-1445513
11. Net Income or Loss from Rents. Royalties, Patents
and Copyrights in PA.
LOSS
o 11a.
lOSS
0 lOb.
LOSS
0 l1b.
12b.
LOSS
0 13. 6,478
LOSS
0 14. 6,478
lOSS
0 15.
16.
.............. 17.
12. PA Source Income from Estates or Trusts (Nonresident Taxable Income).
PART V. Total Partnership Income or Loss.
13. Total Partnership Income or Loss per Books.
14. Total PA Taxable Partnership Income or Loss. Add Lines 1a and 1b (or 2c), 9a and 9b. .
15. Total Nontaxable or Nonreportable Partnership Income or Loss.
Subtract Line 14 from Line 13.
PART VI. Determining Pass-Through Credits.
16. Employment Incentive Payments (EIP) Credit. from the enclosed PA Schedule W
17. Jobs Creation Tax Credit, from the enclosed Certificate of Credit.
18.
Waste Tire Recycling Investment Tax Credit, from the enclosed Certificate of Credit.
18.
19. Research and Development Tax Credit, from the enclosed Certificate of Credit,
19.
20a. PA Tax Withheld from Nonresident Partners. .
20a.
20b. Final Payment of Nonresident Withholding Tax.
See insert for special instructions for using form PA-V with the PA-65. or with the form PA-40NRC.
20c. TOTAL PA Tax Withheld from Nonresident Partners. Add Lines 20a and 20b.
20b.
200.
PART VII. Partnership Distributions.
21. TOTAL Return of Capital Distributions.
RC 21.
2,486
22. TOTAL Distributions in Excess of Partner's Capital. ....
EC 22.
23. TOTAL Guaranteed Payments Reportable as Income.
MEDICAL SAVINGS ACCOUNT.
24. Medical SavinQs Account Costs. (See instructions).
SIGNATURE AND VERIFICATION
G 23.
25,000
24.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the
best of mv knowledne and belief it is true correct and comnlete.
For the partnership:
Name. Please print:
Signature:
~Jl
t;J\ t ,l
/0;0
Preparer, based on all information of which preparer has any knowledge.
Preparer Name - Please print: I Date:
,3/13/00
Veronica A. Furr
Street Address:
Gift & Associates
1205 Manor Drive Suite 100
City. State, ZIP Code:
Mechanicsbura
PA
17055
BarrV' Hinnensteel
Title:
Daytime Telephone Number:
717-766-3555
Daytime Telephone Number:
717-766-3555
L
9906013199
9906013199
~
PA SCHEDULE C-F
Reconciliation
~~"Jip~~~.~9JNT OF REVENUE 1999
ADJUSTING FEDERAL BUSINESS EXPENSES FOR PA TAX PURPOSES
, .
~
9906313193
Name as shown on PA-65:
HIPPENSTEEL AUTO BODY
OFFICIAL USE QNL Y
Employer Federal 10 Number:
25-1445513
Determining Net Income or Loss for PA Income Tax Purposes.
If you choose 10 start with Ihe partnership's Federal Schedule C, F, or Form 1065 to determine its taxable income or loss for PA purposes, complete
this schedule. Adjusl federal business income and expenses for PA income tax rules. Under PA law determine net income or loss from the operation
of a business. profession, or farm using generally accepted principles and practices. listed below are some of the most common differences
(adiustments) between PA and federal rules.
PART A. Identification Information.
Enter the address of the partnership, its telephone number. and. if applicable, its PA Sales Tax license Number.
Business Address:
6 WEST GREEN STREET
Telephone Number:
717-766-3555
PART B. Receipts from Business Activity.
1. Gross receipts or sales from the federal schedule. ..........
2. Returns and allowances from the federal schedule. .......................
3. Realized gross receipts or sales from federal schedule (Une 1 less Line 2). .
4. Additional income or loss. See instructions. Itemize income and sources:
NEWVILLE
PA Sales Tax License Number:
See Stmt 1
5. Cost of goods sold and/or operations from the federal schedule.
6. Gross profits. Total Lines 3 and 4. Then subtract Line 5. ..
PART C. Business Expenses.
7. Allowable business expenses from the federal schedule. ................................ .~.~~.. ~~~~. .7..
PART O. Adjustments for PA Purposes. See instructions.
You must make the adjustments for the expense categories printed in bold letters, if the partnership Incurred
Business meals and entertainment.
8.
9.
10.
11.
12.
Sales Tax on depreciable assets.
Charitable contributions for business purposes.
Uniform capitalization (other than federal tax accounting) under GM? or FASB.
Depreciation. if elecling a generally accepted method different than used for federal purposes.
Depreciation method:
Wages for the Federal JOBS credit. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . .
Wages for PA Employment Incentive Payments Credit and PA Jobs Creation Tax Credit. .... .............
Payments for owner pension, profit.sharing or deferred income plans. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxes based on gross or net Income and other unrelated taxes. ....... . . . . _ . . . . .. . . . . . .
Payments for owner health and welfare benefit plans. ......................................
Expenses for PA Research and Development Tax Credit andlor fA Waste Tire Recycling
Investment Tax Credit.
Other adjustments for differences between PA and federal expenses.
Itemize and explain in detail. Enter the net total on line 19.
13.
14.
15.
16.
17.
18.
19.
20. Total adjustments. Add Lines 8 through 19 and enter the net amount here. . . . . . . . .. . . . . . . . . . . .. .
21. Total allowable PA business expenses. Add lines 7 and 20. Enter the net amount here.
PART E. Net Profit or Loss for PA Income Tax Purposes.
22. SUBTRACT Line 21 from Line 6. Enter the income or loss here and include on your PA-65.
If you realize a loss. please fiU in the oval. ............
Loss
o
22.1
6,1961
L
9906313193
PA 17241
1 126 791
2.
3 126 791
Total
4.
5. 68 569
6. 58 222
U::::::I
51,6911
that t 'ne exnense.
8.
9.
10. 335
11.
12.
13.
14.
15.
16.
17.
18.
19.
20. 335
21. 52 026
9906313193
.-J
. ,
-.1
PART I.
PA SCHEDULE RK-1
Resident Partner's Share of Income, Loss
and Credits
REV-1675 EX (09-99)
PA DEPARTMENT OF REVENUE 1999
GENERAL INFORMATION
9906513198
Last Name
Hippensteel, Barry E
Address
First Name
OFFICIAL USE QNL Y
A. Is this partner a general partner? 1. ~ YES 2. U NO
B. Date this partner's interest in partnership began:
Month I Day I Year
MI C. If this partner is not an individual, what type entity is it?
Partner's SSN (Individual) or EIN (Business. Estate, or Trust)
175-40-5042
Slate
ZIP Code
D. Enter this partner's percentage of"
Before decrease or j
termination
Profit sharing oA
Loss sharing OJ(
Ownership of cap. %
E. Partner's share of liabilities; S
PARTNER'S CAPITAL ACCOUNT - BASIS
. For Pennsylvania income tax purposes, a partner's
capital account should probably be different from
the federal account.
. Pennsylvania follows generally accepted principles
and practices, and not federal tax. accounting.
. A reconciliation of each partner's capital account is
not required on PA.65.
. The partnership must maintain each partner's capi-
tal account.
End of year
35 Parsonage
35 Parsonage
City or Post Office
Newville
Street
Street
PA 17241
50.000000%
50.000000%
50.000000%
1 906
Partnership EIN
25-1445513
Partnership Name
HIPPENSTEEL AUTO BODY
HIPPENSTEEL AUTO BODY
Address
6 WEST GREEN STREET
City or Posl Office
Stale
ZIP Code
NEWVILLE PA 17241
PART II. DISTRIBUTIVE SHARE OF INCOME AND/OR LOSSES
Pennsylvania Income Class Partner's Share of Income Include these amounts on the Lines
Amounts Reported Should Be Determined Under or Loss whether indicated (or these PA Tax Returns:
Pennsvlvania Income Tax Rules distributed or not PA-40 PA-41 PA-65 PA-20S
1. Net Income or Loss from the Operation of a LOSS
0 3,098 line 4 3 1b 'a
Business, Profession, or Farm, 1.
.. ............ ........... ..
PA Taxable Interest Income. 2. 141 line 2 1 3b 3
2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. PA Taxable Dividend Income. 3. Line 3 2 4b 4
.. . . . . . . . . . , . ... ........... ....
4. Net Gain or Loss from the Sale, Exchange, or LOSS
0 line 5 4 5b 5
Disposition of Property. ............... ......... ....... ... 4.
5. Net Income or Loss from Rents. Royalties, LOSS 6b
0 line 6 5 6
Patents, and Copyrights. ... .............. . . . . . . . . . . . . . . . . 5.
Estate and Trust Income. 6. Line 7 6 7b 7
6. .......... ............. ................
Gamblina and Lottery Winninas. line 8 7 8b N/A
7. 7.
PART III. PARTNER'S SHARE OF ALLOWABLE CREDITS APPLICABLE TO THIS TAXABLE YEAR
8. Employment Incentive Payments Credit. . . 8. line 22 See '6 15b
...
Jobs Creation Tax Credit. 9. Line 23 the 17 15b
9. .... ................ ...................
10. Waste Tire Recycling Investment Tax Credit. 10. line 24 PA-41 18 15b
. . . . . . . . . . . . . . . . . . . .
11. Research and Develooment Tax Credit. line 25 booklet 19 15b
11.
PART IV. DISTRIBUTIONS
12. Return of Capital Distributions. . ..... ........... ....... 12. 2,486 See instructions.
13. Distributions in Excess of Partner's Capital. 13.
14. Guaranteed Pavments. Stmt 14. 25 000
MEDICAL SAVINGS ACCOUNT
15. Partner's Portion of Medical Savings Account Cost.
15.
Enter on Line 10 of PA-40.
L
9906513198
9906513198
~
.-J' .
PART I.
PA SCHEDULE RK-1
Resident Partner's Share of Income, Loss
and Credits
REV.1675 EX (09-99)
PA DEPARTMENT OF REVENUE 1999
GENERAL INFORMATION
9906513198
Last Name
First Name
OFF!CIAL USE ONLY
A. Is this partner a general partner? 1. 1!9 YES 2. 0. NO
8. Date this partner's interest in partnership began:
Month I Day I Year
MI C. If this partner is nol an individual, what type entity is it?
Partner's S$N (Individual) or EIN (Business. Estate, or Trust)
210-32-7496
Hippensteel, Richard G.
Address
452 Centervi11e Rd.
City or Post Office
Newville. PA
State
ZIP Code
O. Enter this partner's percentage of:
Before decrease or j
termination
Profit sharing 0/.
Loss sharing 0;:
Ownership or cap. CIA
End of year
City or Post Office
Slate
ZIP Code
E. Partner's share of liabilities: $
PARTNER'S CAPITAL ACCOUNT - BASIS
. For Pennsylvania income tax purposes, a partner's
capital account should probably be different from
the federal account.
. Pennsylvania follows generally accepted principles
and practices, and not federal tax accounting.
. A reconciliation of each partner's capital account is
not required on PA~65.
. The partnership must maintain each partner's capi-
tal account.
50.000000%
50.000000%
50.000000%
1 905
PA 17241
PartnerShip EIN
25-1445513
Partnership Name
HIPPENSTEEL AUTO BODY
HIPPENSTEEL AUTO BODY
Address
6 WEST GREEN STREET
NEWVILLE PA 17241
PART II DISTRIBUTIVE SHARE OF INCOME AND/OR LOSSES
Pennsylvania Income Class Partner's Share of Income Include these amounts on the Lines
Amounts Reported Should Be Oetermined Under or Loss whether indicated for these PA Tax Returns:
Pennsvlvania Income Tax Rules distributed or not PA-40 PA-41 PA-65 PA-20S
1. Net Income or Loss from the Operation of a LOSS
0 3,098 Line 4 3 1b 1.
Business, Profession. or Farm. 1.
... ..... .....
141 Line 2 1 3b 3
2. PA Taxable lnteresllncome. ..... 2.
........... .........
Line 3 2 4b 4
3. PA Taxable Dividend Income. .............. ..... ..... .... 3.
4. Net Gain or Loss from the Sale, Exchange, or LOSS Line 5 5b 5
0 4
Disposition of Property. .. 4.
.... ...... .... .. ...........
5. Net Income or Loss from Rents, Royalties, LOSS 5 6b 6
0 Line 6
Patents, and Copyrights. 5.
............... . . . . . . . . . . . . . . . . .
Line 7 6 7b 7
6. Estate and Trust Income. 6.
. . . . . . . . . . . ............................
Gamblina and Lotterv Winninos. line 6 7 8b N/A
7. 7.
PART III PARTNER'S SHARE OF ALLOWABLE CREDITS APPLICABLE TO THIS TAXABLE YEAR
Une 22 See 16 15b
8. Employment Incentive Payments Credit. . . . . 8.
.....................
Une 23 the 17 15b
9. Jobs Creation Tax Credit. ............................. ....... 9.
...
Une 24 PA-41 18 15b
10. Waste Tire Recycling Investment Tax Credit. .................... 10.
11. Research and Develonment Tax Credit. line 25 booklet 19 15b
11.
PART IV DISTRIBUTIONS
12. Return of Capital Distributions. 12. See instructions.
........
13. Distributions in Excess of Partner's Capital. 13.
14. Guaranteed Pavments. 14.
MEDICAL SAVINGS ACCOUNT
15. Partner's Portion of Medical Savings Account Cost.
15.
Enter on tine 10 of PA.40.
L
9906513198
9906513198
~
HIPP-EN .Hippensteel Auto Body
25-1445513
FYE: 12/31/1999
3/13/2000 3:00 PM
Partner K-1 Statements
Hippensteel Auto Body
Schedule RK-1
Partner Name>
Barry E Hippensteel
SSNIEIN" 175-40-5042
Schedule RK-1. Line 14. Guaranteed Payments
Description
Guaranteed pymts - Ord Income
Amount
$ 25,000
HIPF'EN' Hippensteel Auto Body
25-1445513 Pennsylvania Statements
FYE: 1213111999
3/13/2000 3:00 PM
Statement 1 - Schedule C-F. Line 1 . Gross Receipts or Sales
Description
Page 1 Gross Receipts
Total
$
$
Amount
126,791
126,791
Statement 2 - Schedule C-F. Line 7 . Allowable Business Expenses from Federal Form
Page 1 Expenses
Total
Description
$
$
Amount
51,691
51,691
1-2
HIPPEN 03/16/1999 12:26 PM
Form 1065 U.S. Partnership Return of Income OMB No. 1$45-0099
Department nf the Treasury For calendar year 1998, or tax year beginning ....... ' and ending . . ...... ell NT'3~PY
Internal Revenue Service ~ See S90arate instructions.
A Principal business activity Use the Name of partnership 0 Employer identification number
Auto Bodv Re IRS Barrv & Richard Hinnensteel. Ptrs. 25-1445513
B Principal product Of service label. Number, street, and room or suite no. If a P.O. box, see page 10 of the instructions. E Date business started
Other- Hippensteel Auto Body
wise,
Renairs please 6 West Green Street 10/01/83
c NEW business code no. print City or lawn, state, and ZIP code F Total assets (see page 10 of
<sei i~e;/027 of instr.) or type. thelnst:n.Jctions)
Newville. PA 17241 $ 23,726
G Check applicable boxes: (1) 8 Initial retum (2) 0 Final retum (3) 8 Change in address
H Check accounting method: (1) Cash (2) Il9 Accrual (3) Other (specify) ~
I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year ...
(4) 0 Amended return
.2.
Caution: Include only trade arbusiness income and expenses on lines 1a through 22 below. See the instructions for more information.
.
1a Gross receipts or sales. .... ....... . . .. . . . . . . . . . . . . . . " .... 1a 110 8311
b Less returns and allowances .... ... .... 1b 1c 110 , 831_
2 Cost of goods sold (Schedule A. line 8) ......... ..................... ... ......... ....... .. 2 63.954
3 Gross profit. Subtract line 2 from line 1c ... ..... .... .... ........ ........ .... .. ..... ..' ... 3 46 877
Income
4 Ordinary inc. (loss) from other partnerships. estates. & trusts (att. sch.) .... . . .......... ....... .. .... .. ..... 4
5 Net farm profit (loss) (attach Schedule F {Form 1040)) ........ ...... .... ..-. .. ...... ... .... ....... 5
6 Net gain (loss) from Form 4797, Part II, line 18 . ....... .... .... 6 0
7 Other income (loss) (attach schedule) . ....... ............ ..... ....... .......... 7
8 Total income (loss). Combine lines 3 throu"h 7 .' ... ... ... .. ..0' 8 46 877
9 Salaries and wages (other than to partners) (less employment credits) ..... ..".. ..... ........ ..... 9
10 Guaranteed payments to partners .... ...... ............ . . . . . . . . . ... ...... ... ... ..... ... 10 25 000
11 Repairs and maintenance . . .... ..... ...... ...... .... ..' .. ." ...... .... 11 910
12 Bad debts ........ ....... .... ." ....... ...... ... . . . . . . . . ....... 12
Deductions 13 Rent .... ........ ... ..... ..... ... ........ ..... ..... ....". ... ... 13
(see page 11 14 Taxes and licenses ....... ... .... ........ ..... ....... ..$~~.S.t.mt.. .1.. 14 897
of Ihe in- 15 Interest...... . ........ ....... i;~al .... .......... 15 880
structionsfor 16a Depreciation (if required, attach Form 4562) . ... ....... ... ...... 2 386 .'. --'
limitations) b Less depreciation reported on Schedule A and elsewhere on return 116b I 16c 2 386
17 Depletion (Do not deduct oil and gas depletion.) . . ..' ...... ... ........ .......... ..."..... ....... 17
18 Retirement plans, etc. . ..... ... .. .... ..... ....... ... .... .. ....., ... ....... .... ... .... .... 18
19 Employee benefit programs . ... ...... .... ......' .... ...... ....... ... ....... ......... ..... 19
20 Other deductions (attach schedule) . . ..... ........... .... ......$.~.~ $tmt, .2.. 20 22 282
21 Total deductions. Add the amounts shown in the far rioht column for lines 9 throuah 20 21 52 355
22 OrdinarY income floss' from trade or business activities. Subtract line 21 from line 8 . .......... 22 -5.478
Under penalties of perjury, I declare that I have examined this retum, induding accompanying schedules and statements, and to the best of my knowledge
Please and belief, it is true, correct, and complete. Dedaration of preparer (other than general partner or limited liability company member) is bawd on all
Sign information of which pre parer has any knowledge.
Here ~ ~
Sinnature of "eneral nartner or limited liabil<h' comoanv member Date
Preparer's ~ I D<1te Check if l T Preparer's social security no.
Paid sionature 3/16/99 se!f-emnloved fIIo- 202-48-5627
Pre parer's Firm's name (or ~ Gift & Associates EIN ~ 23-2349229
Use Only I y""';;o. if self-employed) --
1205 Manor Drive, Suite 100
j and address Mechanicsbura PA ZIP code ... 17055
For Paperwork Reduction Act Notice, see separate instructions.
OM
Form 1065 (1998)
HIPPEN 03/1611999 12:55 PM
Form 1065(1998) Hippensteel Auto Body
25-1445513
PaQe 2
Schedule A
Cost of Goods Sold (see page 14 of the instructions)
1 Inventory at beginning of year. ....".. ....... 1 560
2 Purchases less cost of items withdrawn fOf personal use. ......... 2 46 396
J Cost of labor ... .. 3 17 748
4 Additional section 263A costs (attach schedule) . ..... ....... 4
5 Other costs (attach schedule) . .... 5
6 Total. Add lines 1 through 5 . .... .... ....... ... ." .... ...... ...... ...... ...... 6 64 704
7 Inventory at end of year . ..... ....... ...... .......... .. ...... ... ...... q. .... ." q. q, 7 750
8 Cost of goods sold. Subtract fine 7 from line 6. Enter here and on page 1, line 2 . . . ..... ..... ..... ". ..... ". B 63 954
b
Check. all methods used for "aluing closing inventory:
(i) ~ Cost as described in Regulations section 1.471-3
(ii) Lower of cost or market as described in Regulations section 1.471-4
(iii) Other (specify method used and attach explanation) Iil- ............ ' . . . . .. . . . . ..
Check this box if there was a wri1edown of "subnonnal" goods as described in Regulations section 1.471-2(c) . . .
Check this box jf the UFO inventory method was adopted this tax year for any goods (if checked, attach Form 970)
Do the rules of section 263A (for property produced or acquired for resale) apply fa the partnership? .
Was there any change in determining quantities, cost, or valuations between opening and closing inventory? .
If "Yes," attach explanation.
8:r~
No
No
9a
c
d
.
ScheduleS.
Other Information
1 What type of entity is filing this return? Check the aPaicable box:
a ~ General partnership b Limited partnership
d 0 limited liability partnership e Other Iil-. . . . . . . .. .
2 Are any partners in this partnership also partnerships? .
3 Is this partnership a partner in another partnership? .
4 Is this partnership subject to the consolidated audit procedures of sections 6221 through 6233? If "Yes," see
Designation of Tax Matters Partner below . . . . . . . . . .
5 Does this partnership meet ALL THREE of the following requirements?
a The partnership's total receipts for the tax year were less than $250,000;
b The partnership's telal assets at the end of the tax year were less. than $600,000; AND
c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including
extensions) for the partnership return.
If "Yes," the partnership is not required to complete Schedules L, M.1, and M.2; Item F on page 1 of Form 1065;
orllem J on Schedule K-1 .. ... ...... ........
Does this partnership have any (oreign partners? .' . . . . . .' .. .
Is this partnership a publicly traded partnership as defined in section 469(k)(2)? ..
Has this partnership filed, or is it required to file, Form 8264, Application for Registration of a Tax Shelter?
At any time during calendar year 1998, did the partnership have an interest in or a signature or other authority
over a financial account in a foreign country (such as a bank account. securities account, or other financial
account)? See page 14 of the instructions for exceptions and filing requirements for Form TO F 90.22.1. If "Yes,"
enter the name of the foreign country.... .......... ............
10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a
foreign trust? If ''Yes,'' the partnership may have to file Form 3520. See page 15 of the instructions....
11 Was there a distribution of property or a transfer {e.g., by sale or death} of a partnership interest during the tax
year? If ''Yes,'' you may elect to adjust the basis of the partnership's assets under section 754 by attaching the
sta~emen1 described under Elections Made B the Partnershi on a e 6 of the instructions. .
Designation of Tax Matters Partner (see page 15 of the instructions)
Enter below the general partner designated as the lax matters partner (TMP) for the tax year of this retum:
c
o Limited liability company
x
6
7
B
9
x
X
X
X
X
X
Name of
desi!=jnated TMP
~
Barry Hippensteel
Identifying ~
number of TM? ,
175-40-5042
Address of
desi!=lnated TMP
~
35 Parsonaqe
Newville, PA
Street
17241
DAA
HIPPEN 03/16J1999 1Z:Z6 PM
Form 1005 (1998)
Schedule K
Hippensteel Auto Body
Partners' Shares of Income, Credits, Deductions, etc.
25-1445513
Paqe 3
(;l Distributive share items (b) Total amount
1 Ordinary income (loss) from trade or business activities (page 1, line 22) . .' .... ". ....... 1 -5 478
2 Net income (loss) from rental real estate activities (attach Form 8825) .... I;~I ..... 2
3a Gross income from other rental activities ..... .......
b Expenses from other rental activities (att. sch.) . ...... I 3b I
c Nel income (loss) from other rental activities. Subtract line 3b from line 3a .. .......... 3c
4 Portfolio income (loss):
a Interest income " .... ........ .... ........ ........... ..... .... .... .,.... 4a 199
Income b Ordinary dividends. . .,'" ". .... ..... " ". 4b
(Loss) c Royalty income. ..... ..... ...... ........ ...... .,.' .... ... ... " ...... ..... ... 4c
d Net short-term capital gain (loss) (atlach Schedule D (Form 1065)) ..' ....,.... .... .. .. ..... ..... 4d
. Nellong-lerm capital gain (loss) (attach Schedule D (Form 1065)):
(1) 28% rate gain (loss) ~ .... (2) Total for year .. .. ........ ...... ...... ". ~ 40r2'
f Other portfolio income (loss) (attach schedule) . ........ ..... . . . . . . . . . . . . .. ...... ......... 41
5 Guaranteed payments to partners . .... ....... . . . . . . . . . . . . .... .... .... ...... 5 25 000
6 Net section 1231 gain (loss) (other than due to casualty or theft) (attach Form 4797) . ........... .... 6 1 900
7 Other income floss~ {attach schedule~ . ...... ..... ...... .. .... ............ ...See..Stmt.3. 7 2.000
8 Charitable contributions (attach schedule) . ...... " ..' ....".... .. .. .S.e.e. .S.tmt.. .4.. 8 250
9 Section 179 expense deduction (attach Form 4562) . .... ..' ....... ... .... .. ...... ........ 9 17 047
Deductions
10 Deductions related to portfolio income (itemize) . ....... ". ...... ......... " ......... .. 10
11 Other deductions (attach schedule~ .... ....... ". ...... 11
12a Low-income housing credit:
(1) From partnerships to which section 42{j)(5) applies for property placed in service before 1990 12al1
(2) Other than on line 12a(1) for property placed in service before 1990 . .......... .... .... ...... ...... 12a{2
(3) From partnerships to which section 420)(5) applies for property placed in service after 1989 ......... 12a(3
Credits (4) Other than on line 12a(3) for property placed in service after 1989. ..... ...... .. .... ...... 12a(4
b Qualified rehabilitation expenditures. related 10 rental real estate act. (att Form 3468) . . .. . . . ..... ..... 12b
c Credits (other than cr. shown on lines 12a & 1Zb) related to rental real e$tate acti....ities . . . .. .... ,,' .. .......... 12c
d Credits related to other rental activities ... ......... ..... ............ .... ..... 12d
13 Other credits. ........ ..... ....... ... ... ... .... 13
Invest- 14a Interest expense on investment debts. ...... ...... ....... .... ..... ....... 14a
ment b (1) Investment income included on lines 4a, 4b, 4c, and 4f above.... . . . . . . . . . , ". ..... .. .... ... .... 14b(1 199
Interest (2) Investment exoenses included on Ilne 10 above. ....... ..... .... .... ..... ..... 14b/Z.
Sell- 15a Net earnings (loss) from self-employment ", .......... ............. ....... ....... .. 15a 19 522
Employ~ b Gross farming or fishing income. ....... ....... .. ....... ....... ...... ... .... ... 15b
ment c Gross nonfarm income. ....... 15c
16a Depreciation adjustment on property placed in service after 1986 . ......... .. .......... 16.
Adjust- b Adjusted gain or loss..... . 16b
ments .... ... ....... ..... .. ...... .... ". ....... ......
c Depletion (other than oil and gas) ..... .... ....... ... .... .... ... .. ........ ..... ... .... .... 16c
and Tax 16d{1
Preference d (1) Gross income from oil, gas. and geothermal properties ...... .... ....... " ...... ....... .. ".
Items (2) Deductions allocable to oil, gas, and geothennal properties. . .... ...... .... .... .. .. .... .... ..... 16"2
e Other adjustments and tax oreference items (attach schedule) .. .... ... ". ..... .. ...... ..... 160
17a Type of income ~ ...... .... ....... ....... ... ...... . . . . , . . . . . . ...... .. ... ..... ..... ..
b Name of foreign country or U.S. possession ~ .
....... ..... ... .... .... .... ... .........
c Total gross income from sources outside the United States (atlach sch.) ..... .. ........ ... .. .. .... 17e
Foreign d Total applicable deductions and losses (attach schedule) . 17d
Taxes e Total foreign taxes (check one):" 0 Paid 0 ..... ..... .... .... " ... ...... ....
Accrued ...... ........ . . . . . . . ....... 17e
I Reduction in taxes available for credit (attach schedule) .... ....... .... ". ..... ........ ...... 171
Q Other foreian tax information (attach schedule) . . ......... ....... 17n
18 Section 59(e)(2) expenditures:
a Type ~ b AmOunt ~ 18b
19 Tax-exempt interest income. 19
20 Other tax-exempt income . ....... . . . . . . . .. ....... 20
Other 21 Nondeductible expenses, . ..... ...... 21
22 Distributions of money (cash and marketable securities) .... ". 22 4.796
23 Distributions of property other than money. . 23
24 Other items and amounts renuired to be reoo~~~ .~~~~~~~~;~ ~~.~~~~~;~ (~~~'~h 's'~h~d~i~; ..... ......
OAA
HIPPEN 03Ji611999 12:26 PM
Form 1065(1998) Hippensteel Auto Bodv
25-1445513
PaQe 4
Analvsis of Net Income (Loss)
1 Net income (loss). Combine Schedules K, lines 1 through 7 in column (b). From the result, subtract the 1, I
sum of Schedule K,lInes 8 throuah 11, 14a, 17e, and 18b. 6 324
2 Analysis by (ii) Individual (iii) Individual (,) Exempt
partner type: (i) Corporate 'active' 'nassive\ (iv) Partnership oraanization (vi) NomineefOther
a General partners 6 324
b limited oartners
Schedule L Balance Sheets oer Books (Not renuired if Question 5 on Schedule B is answered ''Yes.'')
Beoinninn of tax vear End of tax year
Assets lal (b\ lcl ld\
1 Cash .... ..... .....,.. .... - 12 159 . 11. 963
2a Trade noles and accounts receivable .' 9.584 279
b Less allowance for bad debts .. 9.584 279
3 Inventories 560 750
4 U.S. government obligations. .....
5 Tax-exempt securities.
6 Other current assets
{attach schedule} .....,
7 Mortgage and real estate loans..
8 Other investments
(attach schedule) ."
9a Buildings and other depreciable assets ... 75 677 90 724 -,,- ,
b Less accumulated depreciation.. .... ... 66.706 8 971 84.135 6.589
10a Depletable assets. '. .
........ .. ... ..,".' ,.-..,..-- '__hr
b Less accumulated depletion .
11 Land (net of any amortization) , 4 000 .. 4 000
12a Intangible assets (amortizable only) . . .~
..
b Less accumulated amortization ..
13 Other assets ,S."''''..Strnt.. .5 145 145
(artach schedule). .....
14 Total assets ........ ... 35 419 23 726
Liabilities and Capital
15 Accounts payable. .... 429 668
16 Mortgages, notes, bonds payable in less than 1 year .
17 Other currenlliabaities ..S"''''..strnt..6 1 175 '.. 1 038
(attaCh schedule) ... -
18 All nonrecourse loans .. ,..
19 Mortgages, notes, bonds payable in 1 year or more 11.677
20 Other liabilities
(attach schedule) ...... ... ...... .......
21 Partners' capital accounts. . 33 815 10 343
22 Total1iabilities and capital... ... 35 419 ..' 23.726
Schediiie M-1
Reconciliation of Income (Loss) per Books With Income (Loss) per Return
- (Not reauired if Question 5 on Schedule B is answered "Yes." See nane 23 of the instructions.)
1 Net income (loss) per books. .. .... ... -18 676 6 Income recorded on books this year not in-
2 Income included on Sch. K, In, 1 through eluded on Schedule K. lines 1 through 7 (itemize):
4, 6, and 7, not recorded on books this a Tax-exempt interest $ .. ....... .... ....
year (itemize): .... ....... ..... ........ ..' ........ .... .... ....... ........
...... . . . . . , . . ... ......... ....." .... ...
3 Guaranteed payments (other than 7 Deductions included on Schedule K, lines 1
health insurance) . ... ...... ... 25 000 through 11, 14a, 17e, and 18b, nol charged
4 Expenses recorded on books this year not against book income this year (itemize):
included on Schedule K, lines 1 through
11, 14a, He, and 18b (itemize): a Depreciation $ .,...
a Depreciation $ ... ....... ....... .... ....
b Zh~~~~~nn~ent $
....... .......
8 Add Jines 6 and 7
9 Income (loss) (Analysis of Net Income (Loss),
5 Add lines 1 throuah 4 . ..... 6.324 line 1 t Subtract line 8 from line 5 . 6 324
Schedule M-2 Anal sis of Partners' Capital Accounts Not re uired if Question 5 on Schedule 8 is answered "Yes."
1 Balance at beginning of year. . 33 8 15 6 Distributions: a Cash. .
2 Capital contributed during year. . b Property.
3 Net income (loss) per books. - 1 8 67 6 7 Other decreases
4 Other increases (itemize):
(itemize):
4 796
5 Add lines 1 IhfOU h 4 .
OM
8
15 1399
Add lines 6 and 7 .
Balance 81 end of ear. Subtract In. 8 from In. 5
4 796
10 343
HIPPEN 0311711999 11:46AM
SCHEDULE K-l
(Form 1065)
Department of the Treasury
er Reven erv'
Partner's identi in number"
Partner's name, address. and ZIP code
Partner's Share of Income, Credits, Deductions, etc.
lIlosee separate instructions.
ear be innin
OMB No. 1.S45-0Q99
1998
For calendar ear 1998 or lax
175-40-5042
Barry E. Hippensteel
35 Parsonage Street
Newville PA
A This partner is a general partner
o limited liability company member
B What~peafenti~isthispartner? . Individual
C Is this partner a ~ domestic or aD' f~~~i~~ '~~rt~~;?
o Enter partner's percentage of: (i)o~~O~i~~~~e (ii) year End of G
Profit sharing . .% .5.0.,,0.0.0.0.0.0.% H
Loss sharing.... . % ... .5.0. ,,0.0.0.0.0.0.%
Ownership of capital .. .% .. .5.0.. .O.O.O.O.O.O~/,
E IRS Center where partnership filed return: I
Philadel hia PA 19255-0011
17241
, and endi
Partners hi 's identi in number....
Partnership's name, address, and ZIP code
Barry & Richard Hippensteel,
Hippensteel Auto Body
6 West Green Street
Newville PA
F Partner's share of liabilities (see instnJctions):
Nonrecourse ...... ...... ........
Qualified nonrecourse financing
Other .........."..
Tax shelter registration number. . . . . . . .,.
Check here if this partnership is a publicly traded
partnership as defined in section 469(k)(2) , .
25-1445513
Ptrs.
PA
17241
limited partner
$
$
$
q,qQ2
o
Check applicable boxes: (1)
o Final K-1
(2)
o Amended K-1
J Analvsis of cartner's cacital account:
(a) Capital aCCO\lnt at (b) Capital contributed (c) Partner's share of lines (d) Withdrawals and (e) Capital account at end of
beginning of year during year 3,4, and 7, Form 1065, distributions year (com~~~~ ~~mns (a)
Schedule M-2 throu h d
15 804 -9.338 4 022 2 444
(a) Distributive share item (b) Amount (e) 1040 filers enter the
amount in colum"; lbl on:
1 Ordinary income (loss) from trade or business acti\lities ....... 1 -2 739 } See page. of P,rtne'.
2 Net income (loss) from rental real estate activities. ... 2 Instroctions for Schedule K-1
3 Net income (loss) from other rental activities 3 (Form 1065).
..... .... . . . . . , .
4 Portfolio income (loss):
a Interest. 4. 100 Sch, B, Part I, line 1
..... ...... .. .... ..' ....... ...
b Ordinary dividends. 4b Sch. 8, Part II, line 5
Income ...... ....... .... .. .," -... .... Sch, E, Part I, line 4
(Loss) c Royalties .... ...... ... ..... ..... .... .... ..... ...... ..... ....... 4c
d Net shorHerm capital gain ([ass) 4d Soh. D. line 5, col. (f)
.... ... ... ... ......... ..... ........
0 Net long-term capital gain (loss): .
(1) 28% rate gain (loss) .. ..... ... ...... .... ... ....... ... 0111 Soh. D.line 12, cot (9)
(2) Total for year .' ..... ..... ... el21 Sch. D. line 12, col. (ij
f Other portfolio income (loss) (attach sch.) . 41 Enter on appl. In. of your rtn.
... .............
5 Guaranteed payments to partner .... . . . . 5 25.000 } See page. of Partne'.
.... ....... ...... ... .... Instructions for Schedule K-1
6 Net section 1231 gain (loss) (other than due to casualty or theft) . . . . . , . . . . 6 950 (Form 1065).
7 Other income (loss1 (attach schedule\ . ...... .. .See.. .8tmt.. ... 7 1 000 Enter on a......,. line of "our rtn.
8 Charitable contributions (see instructions) {alt. sch.) . . ..;>ee ..;>t<T\t. 8 125 Sch. A,line 15 or 16
.. ....
Deduc~ 9 Section 179 expense deduction................ .............. .... .. 9 8.524 1 See page 7 and B of
tions 10 Deductions related to portfolio inc. (att. sch.) _ . 10 Partner's Instl'1Jctions for
.... ......... ..... .......
11 Other deductions (attach schedule) ..' ... ... .... 11 _ Schedule K.1 (Form 1065).
12. Low-income housing credit: .... ~
(1) From section 42G)(5) partnerships for property placed in
service before 1990 ... .... ....... .... al11
(2) Other than on line 12a(1) for property placed in service before 1990 al2' ~ Fonn 8586, line 5
(3) From section 42Q)(5) partnerships for property placed in --
service after 1989 .. ........ ... al31
Credits (4) Other than on line 12a(3) for property placed in service after 1989 al4\ -
b Qualified rehabililation expenditures related to rental real estate
activities. ........ 12b
c Credits (olher than credits shown on lines 12a and 12b) related 1 ~-,...-
to rental real estate activities. 12c lnstruclions for Schedule K-1
... (Form 1065).
d Credits related to other rental activities. 12d
13 Other credits . 13
For Paperwork Reduction Act Notice, see Instructions for Form 1065.
OM
Schedule K-1 (Form 1065) 1998
HIPPEN 03/16/1999 12:26 PM
Barry E. Hippensteel
Schedule K-1 (Form 1065) 1998 Hinnensteel Auto Bodv 25-14 4 5513 Paoe 2
{ol Distributive share item (b) Amount (c) 1040 filers enter the
amount in column (b) on:
'n\lest~
ment 14a Interest expense on investment debts ....... 14a Form 4952, tine 1
b (1) Investment income included on lines 4a. 4b, 4c. and 41 bl1' 100 -,.. See page 9 of Partner's
Interest .. Instructions for Schedule K-l
(2\ Investment exnenses included on line 10 .. ..... bl21 (Form 1065).
Sell- 15a Net earnings (loss) from self.employment .. ....... 15. 22 261 Sch. SE. Section A or B
employ~ b Gross farming or fishing income 15b ~see page 9 of Partner's
.. ....... ... .... ...... nstruclions for Schedule K~1
ment c Gross nonfarm income '.. .. 15c . (Form 1065\.
Adjust4 16a Depreciation adjustment on property placed in service after 1986 ..... ... 16.
ments b Adjusted gain or loss 16b See page 9 of Partner's
...... ... ...... ..... ... ....... ... ...... Instructions
and TalC. c Depletion (other than o~ and gas) ....... ....... ..... ........ .. 16c for Schedule K-1
Prefer- d (1) Gross income from oil, gas, and geothermal properties .. .. .. ... ....... dl11 (Form 1065) and
ence (2) Deductions allocable 10 oil, gas, and geothermal properties dl21 Instructions for Form 6251.
.. ......
Items . Other adjustments and lax nreference items 16.
17a Type of income" ...... ........ .... ... ........ .. Form 1116, check boxes
b Name of foreign counlry or possession ~ ..... .. ..... .... ... }orm
Foreign c Total gross inc. from sources outside the U.S. .. .. ........ ..... ..... 17c 1116. Part I
Taxes d Total applicable deductions & losses (att. sch.) ..... .. ...... 17d
. Total foreign taxes (check one):" 0 Paid "'0 Accrued ..... 17. Form 1116. Part II
I Reduction in taxes available for credit (att. ach.) ... ... ..... .... ........ .. 171 Form 1116. Part 111
Q Otherforeinn tax information lallach 5ch.\ .. ..... ... ... .. ... 17n See Instructions for Form 1116.
18 Section 59(e)(2) expenditures: . Type~ .... ... ....... .. 1see page 9 of Partne(.
- .-
....... .. ..-.... ....... .. ...... .. .. ......... .., nstructicms for Schedule K.1
b Amount .. ... ...... .... ....... ... .. .... ..' ...... 18b (Form 1065).
19 Tax-exempt interest income .. .... ....... .. ..... .... .. 19 Form 1040, line Bb
20 Other tax.exempt income ...... .... .. .... ...... ........ 20
Oth&r 21 Nondeductible expenses 21 te pages 9 and ,. of
........ ... ...... .... .... .... .. artner's Instructions for
22 Distributions of money (cash and marketable securities) ... .. ... .. .. 22 4.022
23 Distributions of property other than money 23 Schedule K-1 (Form 1065).
..... ...... .. ...... .... ..
24 Recapture of low-income housing credit: -.
..-..
a From section 42(j)(5) partnerships. ....... .... .... .. .... ........ .... 24. ~orm
8611. line 8
b Other than on line 24a ... .... .. ..... 24b
25 Supplemental information required to be reported separately to each partner (attach additional schedules if more space is needed):
.... ........ ...... .. ...... .. .. ..' .... ..' ....... ..... .. ... ...... ... ........ ..... .. .... .... ....
..... .... ..... ... ... .... .. ....... ..... .... ...... .. ..... ... ...... .... ... ... .... .. ... .. ........ .. .... ... ..... ..
.... ..' ... ... .. ...... .. ..... .... ..' ...... ....... ....... ..... ........ ... ... ........ ... .......
..... ..... .... ..... .. ... ..... ...... ....... ...... .... ... ..... .. ......... . . . . . . . . ..... ... .... ...
...... .. .... ... ...... ... .... .. .... .. ... ..' ..... ....... ..... ...... .... .. .... ... ...... .. .... ........ ....
'" .. .... .,.. .... .. ........ '" ..... .. ..... ... .. .......... .... ...... ..,' .. ..' ... .. ........ .... .. .... .......... ..... .......... ....
...... ........ .. ...... .. .... .... .... ... ..... ..... ... ..' ....... ...... ... .. ..... .. ... ...... ...... .......
.. ...... .. .... .. .. .. .. ....... .... .... ... .... ........ .... .... .... .... .... ... ...... ...... ........ .... ..... ..... ... ...... ...
...... ...... ...... ..... .... .. ...... ...... ... .... .... ...... .. .... .. .. ... ....... .... ...... ..... . . . . . , . . ....... ........
.... ... .. .... ... ...... .... .... ..' ...... ...... ...... .. ... .... .... .... ... ... ..... ...... .... ... .....
...... ... .. .. .. ....... .... .... .... .... .. .... ....... .... ....... ...... ....... ...... ...... ... .... .. ..' .. .. ...... ... ..'
..... ...... ... .... ........ .... .. ....... ... .... ........ .... ........ .. ...... .. ...... .... ....... ..... ... . . . . . . .
Supple- .... .... .. ...... ....... ........ ... ..... ..... ...... ... ... ..... ... ....... .......
mental ..... ...... ....... .... ..... .... ... ....... .. .... ....... '" ... ..... ......... .... ... .... ... ... ....,
Informa~ ... ....... .. ....... .... ... ..... ... .... .... ....... ..... .. ... ..... .. ...... ...
tion ........ .... ...... ... ... ..... ..... ...
.....
...... ".... .. ... ..... ....."
.... .... .... ....... ... .... ........ ......
.......
..
.... .....
....d. .....,.
..... .. ... .. ... .....
DM
HIPPEN 031171i999 11'.46 AM
Partner's Share of Income, Credits, Deductions, etc.
~ee separate instructions.
ear be innin
SCHEDULE K-1
{Form 1065}
Department of the Treasury
nlerna! Reven ervi
Partner's identi in number"
Partner's name, address, and lIP code
For calendar ear 1998 ortax
210-32-7496
Richard G. Hippensteel
452 Centerville Rd.
Newville PA
A This partner is a general partner
o limited liability company member
B Whattypeofenlityisthispartner? .. ...I.n.qi.yi,;J,\li;l..L
C Is this partner a ~ domestic or aD' foreign partner?
DEnter partne(s percen1age of: (i)0~~~i:ij~#6we {ii) year End of G
Profit sharing. . . . . . . .% .5.0., .0.0.0.0.0.0.% H
Loss sharing. % .5.0., .0.0.0.0.0.0%
Ownership of capital.. ....% .5.0.. .0.0.0.0.0.0.%
E IRS Center where partnership filed retum: I
Philadel hia PA 19255-0011
J Analvsis of partner's cacital account:
(a) Capital account at (b) Capital contribu1.ed
beginning of year during year
PA
17241
limited partner
. and endin
Partnershi 's identi in number'"
Partnership's name, address, and ZIP code
Barry & Richard Hippensteel, Ptrs.
Hippensteel Auto Body
6 West Green Street
Newville PA
F Partner's share of liabilities (see instructions)'.
Nonrecourse..... ,..,.. ....... ......
Qualified nonrecourse financing. .
Other .'
Tax shelter registration number. . . ...
Check here if this partnership is a publicly traded
partnership as defined in section 469(k)(2) . . . . . . .. . . . . . . . . . . . .
Check applicable boxes: (1)
o Final K-1
(d) Withdrawals and
distributions
(c) Partner's share of lines
3.4, and 7, Form 1065,
Schedule M-2
Ordinary income (loss) from trade or business activities. ........
Net income (loss) from rental real estate activities. '. . ..
Net income (loss) from other ren1al activities. . .. .......
Portfolio income (loss):
a Interest.... ..... . .. . .
b Ordinary dividends.... ..... .....
c Royalties.... ................ .
d Net short-term capital gain (loss) . .. .'
e Net long-term capital gain (Joss):
(1) 28%rategain(loss). ..........".. ......... ....
(2) Total for year. . . . . . . .. . . . . . .. . .. . . . . .. .. . ..
f Other portfolio income (loss) (attach sch.) . . . . . .. . . . . . . . . . .
5 Guaranteed payments to partner.........,.....,.......... .....
6 Net section 1231 gain (loss) (other than due to casualty or theft) ..
7 Other income (loss' (attach schedule' ....... .. .S.e.e.. .s.tmt..
8 Charitable contributioos (seein'S\ruct\oo'S){at1.. sch.) ...... .~~~. Stmt
9 Section 179 expense deduction .... ..... .... .......... .......
10 Deductions related to portfolio Inc. (att sch.) .... .. ,............... ...
11 Other deductions (attach schedule' . . . . . . . , . .
12a Low-income housing credit:
(1) From section 42(j)(5) partnerships for property placed in
service before 1990
18 011
(a) Distributive share item
1
2
3
4
Income
(Loss)
Ceduc.
tions
-9 338
(b) Amount
1
2
3
-2,739
4a
4b
4c
4d
0(1)
0121
41
5
6
7
950
1 000
8
9
10
11
125
8,523
alll
a(2)
(2) Other than on line 12a(1} for property placed in service before 1990
(3) From section 42Q){5) partnerships for property placed in
service after 1989 . . . . . . . .
af31
al41
Credits
(4) Other than on line 12a(3) for property placed in service after 1989
b Qualified rehabilitation expenditures related to rental real estate
activities.
12b
c Credits (other than credits shown on lines 12a and 12b) related
to rental reat estate activities. . . . . . . . .
d Credits related to other renlal activities.
13 Other credits .
For Paperwork Reduction Act Notice, see Instructions for Form 1065.
OM
12c
12d
13
OMS No. 1545-0099
1998
25-1445513
17241
$ ...
$
$
p,pn
.....0
(2)
o Amended K-1
(e) Capital account at end of
year (combin~ columns (a)
throu"hfd"
774
7 899
(e) 1040 filers enter the
amount in columnlbl-~n:
1 See page 6 of Partner's
Instructions for Schedule K-1
(Form 1065).
99
Sch. S, Part I, line 1
Sch. B, Part II, line 5
Sch. E, Part I, line 4
Sch. D, line 5, cof. (D
Sch. D, line 12, col. (g)
Sch. D, line 12, col. (D
Enter on appl. In. of your rtn.
} See page 6 of Partner's
Instructions for Schedule K-1
(Form 1065).
Enter on a""\. line of "our rtn.
Sen. A,line 15 or 16
1 See page 7 and 8 of
Partner's Instructions for
Schedule K.' (Form 1065).
. Fonn 8586, line 5
1 See page 8 of Partner's
Instruct\oT'l$ for Schedule K-'
(Form 1065).
Schedule K-1 (Form 1065) 1998
HIPPEN 03116/199912:26 PM
Richard G. Hippensteel
1 d
2
1445
Schedule K-1 (Form 106511998 HlPpenstee Auto 80 1\1 5- 513 Paae 2
(a) Distributh,e share item (b) Amount (e) 1040 filers enter the
amount in column (b) on:
'nvest-
ment 14a Interest expense on investment debts. ..... ....... 140 Form 4952, line 1
b (1) Investment income included on lines 4a, 4b, 4c, and 4f . bill 99 } See page 9 of Partner's
Interest Instructions for Schedule K~ 1
12\ Investment exnenses included on line 10 .. ....... b'21 (Form 1065).
Soll- 15_ Net earn'lngs (loss) from self-employment. ...... . . . . . . .. .... 153 -2 739 Sch. SE, Section A or B
employ~ b Gross farming or fishing income 15b ~see page 9 of Partner's
.. ..... ....>> nstructions for Schedule K-1
ment e Gross nonfarm income .. 15c 'Form 1065\.-
Adjust- 16_ Depreciation adjustment on property placed in service after 1986 . ...... 16a -
ments b Adjusted gain or loss 16b See page 9 of Partner's
.. ... ....... ... ........ ...... ..... .... Instructions
and Tax c Depletion (other than 0\1 and gas) .... ......... ... .. .... 16c ...~~r Schedule K-1
Prefer~ d (1) Gross income from oil, gas, and geothermal properties. ..... dl11 (Form 106S)and
ence (2) Deductions allocable to oil, gas, and geothermal properties. dl21 Instructions for Form 6251.
........ ...'
Items . Other adiustments and tax oreference items. ... 16.
17_ Type of income'" ....... ... ... .... ........ .... Form 1116, check boxes
b Name of foreign count/)' or possession.... ..... ... .... ........ .. ...... }orm1116,p_rtl
Foreign c Total gross inc. from sources outside the U.S. ..... ,... ....... .. ...... 17c
Taxes d Total applicable deductions & losses (att. sch.) ..... .... ... ....... 17d
. Total foreign taxes (check one):'" 0 Paid D Accrued .. .. ..,. 170 Form 1116, Part II
I Reduction in taxes available for credit (att. ach.) . .. . .... . . . . . . . . .. .... .... 171 Form 1116, Part JII
9 Other foreinn tax information (attach sch.) . . ....... .... .... 170 See IflStructiOns for Form 1116.
18 Section 59(e)(2) expenditures: a Type" ...... ........ ....... 150. pago 9 0' Partn.r.
... ..... ..... ... ... ...... ........ -- nstructions for Schedule K-1
b Amount .. ..... ....... ......... 18b (Form 1065).
19 Tax-exempt interest income .... 19 Form 1040, line 8b
20 Other tax-exempt income. .. ..... ....... .. ........ 20
Other 21 Nondeductible expenses . 21 ~. pa"", 9 and 10 of
....... ...... ....... ... .. .. artner's Instructions for
22 Distributions of money (cash and marketable securities) ....... .. ... 22 774
23 Distributions of property other than money. 23 Schedule K-1 (Form 1065).
....... ....
24 Recapture of Jaw-income housing credit: I
a From section 42U)(5) partnerships ....... ... . . . . . . . . . . . . . 24_ ~orm 8611, line 8
b Other than on line 243 .....' .... ....... 24b
25 Supplemental information required to be reported separately to each partner (attach additional schedules if more space is needed):
...... .. ... ..... .... .... ..... . . . . . , ... .......... ........ .... .... .......
..... ............... ....... ... ... ... ....... ... ..... ....... .... ...
...... .. .... .... .... ....... .... ......... ..... .. ... ..... ... ...... .... ....... .. ....... ... ..... ...
..... ...... ..... .. ...... .. .. .... .. ...... ....... ..... ... .... ... .... ... ... ....... .. ... .. ..
..... ...... ...... .. ....... ....... ...... ... ... ....... .. ........ ...... ... .... ... ... ....... ... ..... ...... ... ...
...... ... .. ..... ....... ... .... ...... ... ...... .. ......... .......... .... ....... ...... ...... .. .. .... ... .... ... ..... .... ...
... ..... .. ... ........ .... .. .... ....... ... .... .... ..... .... ....... .. ... ... ......... ..... ... .... ... .... ....
....... ..... ....... .... .... ..... ... ..... ... ..... .. .. ... .... ..... ... ....... ........ ... .... .. .. .......
..... ........ .... ....... ... .. ...... ..... ...... ........... ........ ... ... .......... ..... .... .... .... .. .... .......
.. .... ... ... .... ....... ...... ..... ......... ....... .... ...... ........ ....... .... ... .. ....... .. ... ....
... ...... ...... .... .,.. ...... ... ....... ..... .... .... ..... ... .... .... .... ... ....
... ... .... ......... ... .... ... ....... .... ... .... ....... ...... ....... ...
Suppl.. ...... .... .... .... ........ ... ... ....... .... ... .... ... ... ... ... ...... ...... .. ... ....
mental ... ..... ...... ...... .. .. ..... ..... ..... ...... .... ... ... .... .... ...... ..
Informa- ... ... ... .. ... .... ... .... ... .. ..... ... .. .....
tion ...... .... ... .... .... ..... ..... ...... .....
..... . . . . . , . ..... .... ,.... ... .... ...
... .... ......
...
....... .... .......
....... .......
.......
...-'
OM
HIPPEN 03/16/1999 12:26 PM
Form
4562
Depreciation and Amortization
OMS No. 1545-0172
Department of the Treasury
Internal Revenue Service 199\
Narne(s} shown on return
(Including Information on Listed Property)
Ii-- See separate instructions.
~ttachment
~ Attach this form to your return. S......uence No.
Identifying number
1998
67
Hippensteel Auto Bod"
25-1445513
Business or activity to which this form relates
Reqular Depreciation
Part I Election To Ex ense Certain Tan Section 179
1 Maximum dollar limitation. If an enterprise zone business, see page 2 of the instructions.
2 Total cost of section 179 property placed in service. See page 2 of the instructions.
3 Threshold cost of section 119 property before reduction in limitation. .
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- ..
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter-O-. If married
frIin se aratef ,see a e 2 of the instructions. . . . . . . . . ..
Note: If Oil have an "listed ro ,R com lete pt. V before Pt. I
1 $18,500
2 17 047
3 $200,000
4 0
5 18 500
6
a Oescri tion of ro e
1995 Dad e Picku Truck
b Cost business use onl
17 047
C Elected cost
l7 047
7 Listed property. Enter amount from line 27 ..
8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 .
9 Tentative deduction. Enter the smaller of fine 5 or line 6 . . . . . .. . . . . .
10 Carryover of disallowed deduction from 1997. See page 3 of the instructions...
11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instructions)
12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11
13 Car over of disallowed deduction to 1999. Add lines 9 and 10, less line 12 .. ... ... 13
o e: 00 not use Part II or Part III below for listed property (automobiles, certain other vehicJespcellular te,lephones,
certaIn com>;luters or 'Orooert\f used 10r enlerta\nment recreatIOn or amusement) Instead use art V lor listed mooertv
Part II MACRS Depreciation For Assets Placed in Service ONLY During Your 1998 Tax Year (Do Not lod,de ",ted P'operty.)
Section A-General Asset Account Election
14 If you are making the election under section 168(i){4) to group any assets placed in service during the tax year into one
or more eneral asset accounts, check this box. See a e 3 of the instructions. .
7
8
9
10
11
12
17 047
17 047
18 500
17 047
.
Section B-General Denreciation System fGDS\ See Dane 3 of the instructions.)
(a) Classification of property (b) Month and (c) Basis for depreciation (d) Recovery (e) Convention (I) Method (g) Depreciation deductiOn
year pl~ced In (b~~~_~~i!"vestm~nt use period
servIce
15_ 3-vea, ocooertv
b 5-year propertv
c 7-vea, ocoo~rtv
d 1 O-year propertv
. 15-yea( property
f 20-vear oronertv
~ 25-vear o'onenv 25 vrs, SIL
h Residential rental 27.5 vrs, MM SIL
orooertv 27.5 vrs. MM SIL
i Nonresidential real 39 vrs, MM SIL
orooertv MM S/L
Section C-Alternative Deoreciation Svstem (ADS ' lSee naQe 5 of the instructions.)
16a Class life SIL
b 12-vear 12 yrs, SlL
c 40-vear 40 ves, MM S/L
Part III Other Depreciation (Do Not Include Listed Propertv.\ (See oaoe 6 of the instructions.l
17 GDS and ADS deductions for assets placed in service in tax years beginning before 1998 ... '" 17 1.275
18 Property subject to section 168(f)(1) election. ." 18
19 ACRS and other deoreciation . . 19 1 111
Part IV Summa See a e6 of the instructions.
20 Listed property. Enter amount from line 26 . 20
21 Total. Add deductions on line 12, lines 15 and 16 in column (9), and lines 17lhrough 20. Enter here
and on the appropriate lines of your return. Partnerships and S corporations-see instructions. 21
22 For assets shown above and placed in service during the current year, enter
the orlion of the basis attributable to section 263A costs. Z2
For Paperwork Reduction Act Notice, see the separate instructions.
OM There are no amounts for
2 386
Form 4562 (199B)
Page 2
OMB No. 1545-0184
HIPPEN 03/16f1999 12:26 PM
Form
4797
Sales of Business Property
(Also Involuntary Conversions and Recapture Amounts
Under Sections 179 and 280F(b){2))
... Attach to our tax return. ~ See se srate instructions.
1998
Attachment 27
Se uence No.
Identifying number
Pnrfr~~r~~~~~0~es~~r;~ry 99
Name(s) shown on return
Hi
1
enstee1 Auto Bod
25-1445513
Enter here the gross proceeds from the sale or exchange of real estate reported to you for 1998 on Form(s)
1099.S or a substitute statement that au will be includin on line 2 10 or 20 . 1
Part I Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other
Than Casualtv or Theft-Prooertv Held More Than 1 Year
a) Descri"tion of "ro"ertu (9) GAIN or (LOSS) (hI28'!. RATE GAIN
{b) Da~e acquired (c) Date sold (d) Gross sales (e) ~wec~~tion (f)Cos\or other Subtract (f) from or (LOSS)
or all~~~le since basis, plus the sum of (d)
(mo., day, yr.) (mo., day, yr.) price improvements and and (e) (see instr. below)
ac uisition ex ense of sale
2
3 Gain, if any, from Form 4684, line 39 .' ....... ....... ..... ..... 3
4 Section 1231 gain frem installment sales from Form 6252, line 26 or37 . 4
5 Section 1231 gain or (loss) from like-kind exchanges from Form 8824.. .. ...... ....... 5
5 Gain, if any, from line 32, from other than casualty or theft ..... '" . . . . . , . ...... 5 1 900
7 Combine lines 2 through 6 in columns (g) & (h). Enter gain or (loss) here, & on the appropriate line as follows: 7 1 900 0
Partnerships. Report the gain or (loss) following the instructions for Form 1065, "
Schedule K, line 6. Skip lines 8, 9, 11, and 12 below.
S corporations. Report the gain or (loss) following the instructions for Form 1120S,
Schedule K, lines 5 and 6. Skip lines 8, 9, 11, and 12 below, unless line 7, column (9) is a .' "
gain and the S corporation is subject to the capital gains tax.
All others- If line 7, column (g) is zero or a loss, enter that amount on line 11 below and
skip lines 8 and 9, If Hne 7, column (g) is a gain and you did not have any prior year section
1231 losses, or they were recaptured in an earlier year, enter the gain or (loss) in each ,
column as a long-term capital gain or (lass) on Schedule D & skip lines 8, 9, and 12 below.
8 Nonrecaptured net section 1231 losses from prior years (see instructions) ... '" '" 8
9 Subtract line 8 from line 7. For column (9) only, if the result is zero or less, enter -0..
Enter here and on the appropriate line(s) as follows (see instructions): . 9
S corporations. Enter only the gain in column (9) on Schedule 0 (Form 1120S), line 14, and skip lines 11 and 12 below.
All others- If line 9, column (g) is zero, enter the gain from line 7, column (g) on line 12 below. If line 9, column (g) is more than zero, enter the
amount from line 8, col. (Q) on line 12 below, and enterthe Qain or (loss) in each co!. of Hne 9 as a long-term capital Qain or (loss) on Schedule D.
Corporations (other than S corporations) should not complete column (h). Partnerships and S corporations must complete column (h). Al! others must complete
column (h) only if line 7. column (q), is a qain. Use column (h) only to report pre-1998 28% rate qain (or loss) from a 1997-98 fiscal year partnership or S corporation.
Part If Ordinary Gains and Losses
10 Ordinary Qains and losses not included on lines 11 throu h 17 (include propem held 1 vear or less):
. ,':
" '" .
11 loss, if any, from line 7, column (9) . ....... ........ ....... ..... 11
12 Gain, if any, from line 7, column (g) or amount from line 8, column (g) if applicable, " 12 ,
13 Gain, jf any, from line 31 ..... ......... ..... '" 13 2 000
14 Net gain or (loss) from Form 4684, lines 31 and 38a . .... '" .... 14
15 Ordinary gain from installment sales from Form 6252, line 25 or 36 . . '.. ", .... .. 15
16 Ordinary gain or (loss) from like.klnd exchanges from Form 8824 . 15
17 Recapture of section 179 expense deduction for partners and S corporation share-
holders from property dispositions by partnerships and S corporations (see instr.) . 17
18 Combine lines 10 through 17 in column (9). Enter gain or (loss) here, and on the appropriate line as follows: 18 2.000
a For all except individual retums: Enter the gain or (losS) from line 18 on the return being filed.
b For individual returns:
~1 ) If the loss on line 11 Includes a loss from Form 4684, line 35, cOlumnJ,b)(ii). enter that ~art of the loss
here. Enter the part of the loss from income-producing property on S edule A (Form 040), line 27,
and the part of the loss from property used as an employee on Schedule A (Form 1040), line 22. 8bl1
Identify as from "Form4797.1ir\e 1Bb{1}," See ins.\ructions ...... >.. .................
(2) E.edeler~~n~~~e g~~A~r f~?ss)"on line 18, excluding the loss. if any. on line 1Bb(l). Enter. 8bl2
For Paperwork Reduction Act Notice, see separate instructions.
DM
Form 4797 (1998)
HIPPEN 03116/1999 12:26 PM
Page 1 of 1
Fo,m47971199B) Hippensteel Auto Body 25-1445513 Pa,e2
Part III Gain From Disposition of Property Under Sections 1245,1250, 1252,1254, and 1255
19 (a) Description of section 1245, 1250, 1252, 1254, or 1255 property: (b) Date acquired {c) Date sold
(mo, de., ".\ (mo.. d,filv, Yr.'
to. Truck 6/01/88 10/01/98
B
c
0
These columns relate to the DfoDorties on lines 19A throuoh 190. .. Proo.rtv A prooertv B Pron~ C Proo.rtv 0
20 Gross sales price (Note: See line 1 before completing.) " 20 3 900
21 Cost or other basis plus expense of sale. ........ .. 21 2 000
22 Depreciation (or depletion) allowed or allowable . . . 22 2 000
23 Adjusted basis. Subtract line 22 from Hne 21 . 23 0
24 Total nain. Subtraclline 23 from line 20 . 24 3 900
25 If section 1245 property:
. Depreciation allowed or allowable from line 22 . 25a 2,000
b Enter the smaller of line 24 or 25a . 25b 2 000
26 If section 1250 property: If straight line depreciation was used.
enter -0- on line 269. except for a corporation subject to section 291.
. Additional depreciaUon after 1975 (see Instructions) . ... .. 26.
b Applicable percentage multiplied by the sma.ller of line 24
or line 26a (see instructions) . ....... .. 26b
c Subtract line 26a from line 24. If residential rental property
or line 24 is not more than line 26a, skip lines 26d and 26e . 26c
d Additional depreciation after 1969 and before 1976. 26d
e Enter the smaller of line 26c or 26d .' ." 26.
f Section 291 amount (corporations only) . ....... 261
0 Add lines 26b. 26e, and 26f . 260
27 If section 1252 property: Skip this section if you did not dispose
of farmland or if this form is being completed for a partnership (other
than an electing large partnership).
. Soil, water, and land clearing expenses. ..... ". ........ 27a
b Line 27a multiplied by applicable percentage (see instr.) . 27b
c Enter the smaller of line 24 or 27b . 27c
28 If section 1254 property:
. Intangible drilling and development costs, expenditures for
development of mines and other natural deposits, and
mining exploration costs (see inSlructions) . . .... .... 28a
b Enter the smaller of line 24 or 28a . . . 28b
29 If section 1255 property:
a Applicable percentage of payments excluded from income
under section 126 (see instructions) .. 29a
b Enter the smaUer of line 24 or 29a (see 'instructi~~.s) .. . . 29b
Summa of Part III Gains. Com lele ro e columns A throu h 0 throu h line 2gb before oin to line 30.
30 Total gains for all properties. Add property columns A. D, line 24 .
38
3 900
31 Add property columns A through D,lines 25b, 269, 27c, 28b, and 29b.
Enter here and on line 13
31
2 000
32 Subtract line 31 from line 30. Enter the portion from casualty or theft on Form 4684. line 33. Enter the portion
from olher than casual or theft on Form 4797. line 6 . 32
Part IV Recapture Amounts Under Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less
See instructions
1 900
(a) Section (b) Section
179 280FCb)C21
33 Section 179 expense deduction or depreciation allowable in prior years. 33
34 Recomputed depreciation. See instructions. r 34
35 Recaoture amount. Subtract line 34 from line 33. See the instr. for where to recort 35
OAA
3/16/1999 12:26 PM
HIPPEN Barry & Richard Hippensteel, Ptrs.
25-1445513 Federal Statements
FYE: 1213111998
Description
Property Taxes
Permits
Total
$
$
Statement 2 - Form 1065, Paqe 1. Line 20 - Other Deductions
Description
Advertising
Outside Services
Operating Supplies
Freight & Postage
Utili ties
Telephone
Insurance
Vehicle Expenses
Legal & Accounting
Office Expense
Laundry
Payroll Taxes
Miscellaneous
Total
$
Amount
351
1,433
400
131
2,000
628
11,211
453
1,988
1,086
752
1,472
377
22,282
$
Statement 3 . Form 1065. Schedule K. Line 7 - Other Income
Description
Form 4797 Part II Gain(Loss)
Total
$
$
Amount
2,000
2,000
Statement 4 - Form 1065. Schedule K. Line 8 - Charitable Contributions
Description
50%
Total
$
$
30%
20%
Total
250 $
250 $
$
o $
$
o $
250
250
Description
Statement 5. Form 1065. Schedule L, Line 13 - Other Assets
Security Deposit
Total
Beginning
of Year
$ 145
$ 145
$
$
~
1-5
HIPPEN Barry & Richard Hippensteel, Ptrs.
25-1445513 Federal Statements
FYE: 12/31/1998
3/16/1999 12:26 PM
Statement 6 - Form 1065. Schedule L. Line 17 - Other Current Liabilities
Description
Beginning
of Year
$ 1,175
$ 1,175
$
$
End
of Year
1,038
1,038
Payroll and Sales Tax Liab
Total
6
HIPPEN Barry & Richard Hippensteel, Ptrs.
25-1445513 Partner K-1 Subschedules
FYE: 12/31/1998 Hippensteel Auto Body
Sch K-1
3/16/1999 12:26 PM
Partner Name:
Barry E. Hippensteel
SSN/EIN: 175-40-5042
Schedule K-1, line 7 - Other Income
Description
Form 4797 Part II Gain(Loss)
Amount
$ 1,000
Schedule K-1, Line 8 - Charitable Contributions
Description
50%
30%
20%
Total
$
$
125
125
$
$
o
$
$
o
$
$
125
125
HIpf'EN Barry & Richard Hippensteel, Ptrs.
25-1445513 Partner K-1 Subschedules
FYE: 12/31/1998 Hippensteel Auto Body
Sch K-1
3/16/1999 12:26 PM
Partner Name:
Richard G. Hippensteel
SSN/EIN: 210-32-7496
Schedule K-1, Line 7 - Other Income
Description
Form 4797 Part II Gain(Loss)
Amount
$ 1,000
Schedule K-1. Line 8 - Charitable Contributions
Description
50%
30%
20%
Total
$
$
125
125
$
$
o
$
$
o
$
$
125
125
HIPPEN Barry & Richard Hippensteel, Ptrs.
25-1445513 Federal Statements
FYE: 12/31/1998
311611999 12:26 PM
Form 1065. Schedule A. Line 3 - Cost of Labor
Amount
17,748
17,748
Description
$
$
Total
Description
Interest Income
Total
$
$
Form 1065. Schedule L. Line 1 - Cash
Beginning
of Year
$ 12,159
$ 12,159
Description
Total
End
of Year
11,963
11,963
$
$
Form 1065. ScHedule L. Line 2a - Trade Notes and Accounts Receivable
Description
Beginning
of Year
$ 9,584
$ 9,584
Total
$
$
Description
Form 1065. Schedule L. Line 3 -Inventories
Beginning
of Year
$ 560
$ 560
Total
$
$
Form 1065, Schedule L. Line 9a - Buildin~s and other Depreciable Assets
Description
Beginning
of Year
$ 75,677
$ 75,677
Total
End
of Year
$
$
o
HIPPEN Barry & Richard Hippensteel, Ptrs.
25-1445513 Federal Statements
FYE: 1213111998
3/16/1999 12:26 PM
Form 1065. Schedule L. Line 9b - Accumulated Depreciation
Description
Beginning
of Year
$ 66,706
$ 66,706
End
of Year
Total
$
$
o
Description
Form 1065. Schedule L, Line 11 - Land
Beginning
of Year
$ 4,000
$ 4,000
$
$
End
of Year
4,000
4,000
Total
Form 1065. Schedule L. Line 15 - Accounts Pavable
Description
Beginning
of Year
$ 429
$ 429
$
$
Total
H" PE'~ 1;.'-242AB
CLIENT'S COpy
u.s. Partnership Return of Income
Form 1065
Departrne!l\o; tneTreasury
Internal RevenueServ,ce
For calendar year 1997,ortaxyear beginning ,and ending
.. See se arate Instructions.
1997
B
Principal business activity Use the
Auto Bod Re IRS
PrincIpal ploduct or servIce label.
Other-
wise,
please
print
or type.
Name of partnership
Barr & Richard Hi
ensteel
Ptrs.
o Employer ldentlflcatlon number
25-1445513
A
Re airs
Number, street, and room or suite no. If a P.O. box, see page 10 of the instructions.
Hippensteel Auto Body
6 West Green Street
E Date business started
7538
City or town, state, and ZIP code
Newville,
PA 17241
F
$
10 01 83
Total assets
(soae ?age to o1the Instructions)
35 419
c
Business code number
G Check applicable boxes: (1) B Initial return (2) 0 Final return (3) B Change in address
H Check accounting method: (1) Callh (2) ~ Accru.1 (3) Other (specify) '"
I Number of Schedules K-1, Attach one for each person who was a partner at any time during the tax year ~
(4) D Amended return
2
Caution: Include only trade or business income and expenses on lines 1a through 22 below. See Ute instructions for more information.
la Gross receipts or sales. la 95 414 If
b Less returns and allowances .... ... Ib 10 95,414
2 Cost of goods sold (Schedule A, line 8) 2 52 847
3 Gross profit. Subtract Hne 2 from line 1c . 3 42.567
tncome q".'
4 Ordinary inc. (Joss) from other partnerships, estates, & trusts (an. sch.) . 4
5 Net farm profit (loss) (attach Schedule F (Form 1040)) 5
... ...... ....
6 Net gain (loss) from Form 4797, Part II, line 18 . 6
... ...... ......
7 Other income (loss) (attach schedule) . 7
8 Total Income f1oss\. Combine lines 3 throuoh 7 . 8 42 567
9 Salaries and wages (other than to partners) (less employment credits) 9
10 Guaranteed payments to partners 10 18 345
..... ......
11 Rep airs and maintenance . 11 883
12 Sad debts 12
...... ... ...."' ......
DeductIons 13 Rent 13
(see page 11 14 Taxes and licenses See 'sc~ecluie 14 702
of the in- 15 Interest. ....." 1;6~r ..... ~
structionsfor 16. Depreciation (if required, attach Form 4562) 3 188
limitations} b Less depreciation reported on Schedule A and elsewhere on return 116b I 16c 3 188
17 Depletion (Do not deduct 011 and gas depletion.) 17
18 Retirement plans, etc. 18
19 Employee benefit programs . 19
......
20 Other deductions (attach schedule) . See .. Sche(lule 20 17,220
21 Total deductions. Add the amounts shown in the far rioht column for lines 9 throuoh 20 . 21 40 338
22 Ordlnarv Income /Ioss\ from trade or business activities. Subtract line 21 from line 8 22 2,229
Under penalties of perjury, I decJare that J have examined this return, including accompanying schedules a.nd statements, and to the best of my knowledge
Please and belief, it is true, correct, and complete. Declaration of preparer(other than general partner or limited liability company member} is based on all
i!\form;:l.tioll 01 which preparer has any knowledge.
Sign ~
Here ~
Signature of general partneror Iimitll!d liability company member Date
Preparer's ~ Date Preparer's social security no.
Paid sIgnature 3/24/98 Checkjf r
Preparer's self-employed ~
Firm's name (or Gift & Associates EIN ... 23-2349229
Use Only yours ',t self-employed) ~ 1205 Manor Drive, Suite 100
and address Mechanicsbura PA 17055
Z\Peode.
For Paperwork Reduction Act Notice, see separate Instructions.
CAA
Form 1065 (1997)
r-';"'PEN C1242.:18
Form 1065 (19971 Hippensteel Auto Body
25-1445513
Schedule A
Cost of Goods Sold (see page 13 01 the instructions)
1
2
3
4
5
6
7
8
9a
Inventory at beginning of year
Purchases less cost of items withdrawn tor personal use
Cost of labor
Additional section 263A costs (attach schedule) .
Other costs (attach schedule)
Total. Add lines 1 through 5 .
Inventory at end of year.
Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, fine 2 .'
Check all methods used for valuing closing inventory:
(I) ~ Cost as described in Regulations section 1.471-3
(11) Lower of cost or market as described in Regulations section 1.471-4
(III) Other (specify method used and attach explanation) .. . . . . . . . . . . . . .
Check this box if there was a writedown of "subnormal" goods as described in Regulations section 1.471-2{c)
Check this box if the LIFO inventory method was adopted this tax year for any goods {if checked, attach Form 910)
Do the rules of section 263A (for property produced or acquired for resale) apply to the partnership? .
Was there any change in determining quantities, cost, or valuations between opening and closing inventory?
If ''Yes,'' attach explanation.
b
c
d
e
Page 2
1 260
2 37 847
3 15 300
4
5
6 53 407
7 560
8 52 847
8 Ve'
Ve'
: ~ ::
Sch<:idul~B
Other Information
What type of entity is filing this return? Check the applicable box:
a ~ General partnership b 0 Umited partnership
d 0 Other {see page 14 of the instructions) ...........
2 Are any partners in this partnership also partnerships? .
3 Is this partnership a partner in another partnership?
4 Is this partnership subject to the consolidated audit procedures of sections 6221 through 623:3? If ''Yes,'' see
Designation of Tax Matters Partner below
5 Does this partnership meet ALL THREE of the following requirements?
a The partnership's total receipts for the tax year were less than $250,000;
b The partnership's total assets at the end of the tax year were less than $600,000; AND
c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including
extensions) for the partnership return.
If ''Yes,'' the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065;
or ftem J on Schedule K-1
Does this partnership have any foreign partners? .
Is this partnership a publicly traded partnership as defined in section 469{k)(2)?
Has this partnership filed, or is it required to file, Form 82V4, Application lor Registration of a Tax Shelter?
At any time during calendar year 1997, did the partnership have an interest in or a signature or other authority
over a financial account in a foreign country (such as a bank account, securities account, or other financial
account)? See page 14 of the instructions for exceptions and filing requirements for Form TO F 90-22.1. If ''Yes,''
enter the name of the foreign country. ...
10 During the tax year, did the partnership receive a distribution from, or was it the grantor at, or trans(eror to, a
foreign trust? If ''Yes,'' the partnership may have to file Form 3520 or 926. See page 14 of the instructions.
if Was there a distribution o( propertY or a transfer (e.g" by sale or death) of a partnership interest during the tax
year? If "Yes," you may elect to adjust the baSIS of the partnership's assets under section 754 by anaching the
statement described under Elections Made B the Partnershl on a e 5 01 the instructions
Designation of Tax Matters Partner (see page 15 ot the instrucMns)
Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return:
c 0
Limited liability company
6
7
8
9
Name of
desiqnated TMP
~
Barry Hippensteel
Identifying ~
number of TMP ,
175-40-5042
Address of
desiqnated TMP
~
35 Parsonage
Newville, PA
Street
17241
OM
x
x
X
X
X
X
x
r<.ii-'PEN 0-:242.48
Form 1~_~5(1:97)
ScheduleK
Hippensteel Auto Body 25-1445513
Partners' Shares of Income Credits Deductions etc.
Income
(Loss)
a Distributive share Items
1 Ordinary income (loss) from trade or business activities {page 1, line 22} .
:2 Net income (loss) from rental real estate activities (attach Form 8825) .
3a Gross income 1rom other rental activities
b Expenses from other rental activities
c Net income (Joss) from other rental activities. Subtract line:3b from line:3a
4 Portfolio income (Joss):
a Interest income
b Dividend income
c Royalty income
d Net short-term capi1al gain (loss) (attach Schedule 0 (Form 1065))
e Net long-term capital gain (loss) (attach Schedule 0 (Farm 1065)):
(1) 26% rate gain (loss) ... (2) Tatal for year. .
1 Other portfolio income (loss) (attach schedule) .
5 Guaranteed payments to partners
6 Net section 1231 gain (loss) (other than due to casualty or theft) (attach Form 4797):
a 26% rate gain (loss) ... b Total for year.
7 Other income loss attach schedule
8 Charitable contributions (attach schedule) .
9 Section 179 expense deduction (attach Form 4562)
Deductions .
10 Deductions related to portfolio income (itemize) <
11 Other deductions attach schedule
12a Low-income housing credit:
(1) From partnerships to which section 42(j)(5) applies for property placed in service before 1990
(2) Other than on lina-12.a(1} 10r property placed in service before 1990
(3) From partnerships to which section 420)(5) applies for property placed in service after 1989
(4) Other than on line 12a(3) for property placed in service after 1989
Credits
Invest-
ment
Interest
Soll-
Employ-
ment
AdJust-
ments
and Tax
Preference
Items
Foreign
Taxes
Other
DAA
b Qualified rehabilitation expenditures related to rental real estate act. {att. Form 3468)
C Credits (other than c:r. shown on In. 12a and 12b) related to rental real estate activities
d Credits related to ather rental activities . .
13 Other credits
14a Interest expense on investment debts.
b (1) Investment income included on lines 4a, 4b, 4c, and 41 above. .
2 Investment ex enses included on line 10 above.
15a Net earnings (Joss) from self-employment .
b Gross farming or fishing income .
c Gross no nfarm income
16a Depreciation adjustment on property placed in service after 1966 .
b Adjusted gain or loss .'
c Depletion (other than oil and gas) . .
d (1) Gross income from oil, gas, and geothermal properties
(2) Deductions allocable to oil, gas, and geothermal properties
e Other ad'ustments and tax reference items attach schedule
17a Type of income ....
b Name of foreign country or U.S. possession ....
c Total gross income tram sources outside the United States (attach 5ch.)
d Total applicable deductions and Josses (attach schedule) ..
e Total foreign taxes (check one): ... 0 Paid 0 Accrued.
1 Reduction in taxes available for credit (attach schedule)
Other forei n tax information attach schedule
18 SectionS9(eX2) ....
e:o;pnd,: a Type .
19 Tax-exempt interest income.
20 Other tax-exempt income.
21 Nondeductible expenses.
22 Oistributions of money (cash and marketable securities)
23 Distributions of property other than money.
24 Other items and amounts re uired to be re orted se aratelv to artners anach schedule
b Amt....
Paqe 3
Total amount
2 229
30
~
225
18 345
~
225
20 574
170
17d
170
171
17
lab
19
20
21
22
23
865
""IPPEI>< 0:":242.48
Form 1065 (1997) Hippensteel Auto Body
25-1445513
Pace 4
Analysis of Net Income (Loss)
1 Net Income (loss), Combine Schedules K, lines 1 through 7 in column (b). From the result, subtract the 11 I
sum of Schedule K,lines 8 throuah 11, 14a, 17e, and 18b 20,799
2 Analysis by (II) Individual (III) Individual (v) Exempt
partner type: (I) Corporate lactive) (eassive) (Iv) Partnership oraanization (vi) Nominee/Other
a General partners 20 799
b Limited partners
.. Schedule L
Balance Sheets er Books Not re uired if Question 5 on Schedule B is answered "Yes.'
Be innin of tax ear
1 175
Assets
Cash
2a Trade notes and accounts receivable.
b Less allowance for bad debts
3 Inventories.
4 U.S. government obligations.
5 Tax-exempt securities
6
7
8
Other current assets
Mortgage and real estate loans
Other investments
9a Buildings and other depreciable assets.
b Less accumulated depreciation .
10a Depletable assets,
b Less accumulated depletion. .
11 Land (net of any amortization) .
12a Intangible assets (amortizable only)
b Less accumulated amortization
13 Other assets See. Schedule
14 Total assets
Liabilities and Capital
15 Accounts payable
16 Mortgages, notes, bonds payable in less than 1 year
17 Othllrcurrentliabilities.. ~e:~.. .o?clfedule
18 AHnonrecourse loans
19 Mortgages, notes, bonds payable in 1 year or more
20 Other liabilities
21 Partners' capital accounts . 32 , 22 6
22 Totalliabitities and ca ital 34 , 123
is8fi\iamei\ii%iii Reconciliation of Income (Loss) per Books With Income (Loss) per Return
33,815
35 419
(Not reauired if Question 5 on Schedule B is answered 'Yes." See oaoe 23 of the instructions,)
1 Net income (loss) per books. 2,454 6 Income recorded on books this year not in-
2 Income included on Sch. K, In. 1 through cluded on Schedule K, lines 1 through 7 (itemize):
4.6, and 7, not recorded on books this a Tax-exllmptinterest $
year (itemize): ......
, .
3 Guaranteed payments (other than 7 Deductions included on Schedule K, Jines 1
health insurance) . 18 345 through 11, 14a, 17e, and 18b, not charged
4 ExpensC!s recorded on books this year not against book income this year (itemize):
included on Schedule K,lines 1 through
11, 14a, 17e,and 18b(itemize): a Depreciation $
a Depreciation $
b Traveland . , .
entertainment $.. . .
8 Add lines 6 and 7
9 Income (loss) (Analysis of Net income, (loss),
5 Add lines 1 throuah 4 . 20,799 line 1). Subtract line 8 from line 5 20,799
SchedOliIM+2, Anal sis of Partners' Ca
1 Balance at beginning of year
2 Capital contributed during year .
3 Net income (loss) per books
4 Other increases .
(itemize): .
ital Accounts
32 226 6
Not ra uired if Question 5 on Schedule B is answered ''Yes."
Distributions: a Cash
b Property
865
2 454 7
Other decreases (itemize): .
5
OAA
Add lines 1 throu h 4
8
34 680 9
Add lines 6 and 7
Balance at end of ear. Subtract In. 8 from In. 5
865
33 815
HiPpEN CJ24 2:48
ptr Num:
SCHEDULE K-1
(Form 1065)
Department of the Treasury
Internal Revenue. Serllice For calendar ear 1997 or tax
Partner's Identl In number ~ 175 - 4 0 - 5042
Partner's name, address, and ZIP code
1
Partner's Share of Income, Credits, Deductions, etc.
"'See separate Instructions.
ear be inni
, and endin
Partnershl 's Identl In number'"
Partnership's name, address, and ZIP code
Barry & Richard Hippensteel,
Hippensteel Auto Body
6 West Green Street
Newville PA
F Partner's share 01 liabilities {see instructions}:
Nonrecourse
Qualified nonrecourse financIng
Other
Tax shelter registration number. ..
Check here jf this partnership is a publicly traded
partnership as defined in section 469(k)(2)
Barry E. Hippensteel
35 Parsonage Street
Newville PA
A This partner is a general partner
o limited liability company member
B What type of entity i. this partner? ~ Individual
C Is this partner a ~ domestic or aD' .f~.r~ign .p~n~.~r?' .
D Enter partner's percentage of: (l)o~;~~~~n~~i~nnge (Ii) Eyne~ff G
Prolit sharing .% .50 .000000% H
Loss sharing .%50 . 000000%
Ownership of capital. 0;' 50 .000000%
E IRS Center where partnership filed return: I
philadel hia PA 19255
PA
17241
limited partner
J
Anal sls of artner's ca
(a) Capital account at
beginning of year
ftal account:
(b) Capital contributed
during year
(c) Partner's share of Jines
3,4,and 7, Form 1065,
ScheduleM-2
1 227
43
1 Ordinary income (loss) 1rom trade Of business activities.
2 Net income (loss) from rental real estate activities
3 Net income (loss) from other rental activities. .
4 Portfolio income (loss):
a Interest.
b Dividends
c Royalties
d Net short-term capital gain (toss)
e Net long-term capital gain (loss):
(1) 2B% rate gain (loss}
(2) Total tor year .
f Other portfolio income (loss) (attach sch.)
5 Guaranteed payments to partner
6 Net section 1231 gain (Joss) (other than due to casualty or theft):
(1) 28% rate gain (loss)
(2) Total tor year.
7 Other income loss attach schedule
8 Charitable contributions (see instructions)
9 Section 179 expense deduction
10 Deductions related to portfolio income
11 Other deductions anach schedule
12a low-income housing credit:
(1) from section 420)(5) partners nips for property placed in service before 1 990
(2) Other than on line 12a(1) for property placed in service before 1990
(3) From section 42(j)(5) partnersnips for property placed in service after 1969 .
Credits (4) Other than on line 12a(3) for property placed in service after 1989 .
b Qualified rehabilitation expenditures related to rental real estate
activities. .
c Credits (other than credits shown on lines 12a and 12b) (elated
to rental real estate activities
d Credits related to other rental activities
13 Other credits
For Paperwork Reductlcn Act Notice, see Instructlons for Form 1065.
15 009
(a) Distributive share item
Income
(loss)
Deduc-
tions
DAA
Check applicable boxes: (1)
o Final K-l
(d) Withdrawals and
distributions
(b) Amount
1 115
18 345
6a
6b
7
8
9
10
11
12c
12d
13
OMS No. '545-0099
1997
25-1445513
Ptrs.
17241
$
$
$
o
(2)
o Amended K-1
(e) Capital account at end of
year (combine columns (a)
ttlrou h d
15 804
(c) 1040 filers enter the
amount In column bon:
See page 6 of Partner's
Instructions forScnedule K-1
(Form 1065).
113
Sch. B, Part J, line 1
Sch. B, Pan II, line 5
Sch. E, Part I, line 4
sch. D, line 5, coJ. (f)
Sch. D, line 12, col. (g)
Sch. D, line 12, col. (f)
Enter on appl. In. of your rtn.
See page 6 of Partner's
Instructions for SCMeclule K-1
(Form 1065).
Sch. A,line 15 or 16
See page 7 of Partner's
Instructions for Scheclule K-1
(Form 1065).
f ~rn='.'~'
Set. p.age 8 of Partner's
Instructions for Schedule K-1
(Form 1065).
Schedule K-1 (Form 1065) 1997
HIPPEN
Ptr
ensteel Auto Bod
lnvest-
ment
Interest
Sell-
employ-
ment
AdJust-
ments
and Tax
Prefer-
ence
Items
Foreign
Taxes
Other
Supple-
mental
Informa-
~on
OAA
1
(a) Dlstrlbutlve share Item
14a Interest expense on investment debts.
b (1) Investment income included on lines 4a, 4b, 4C, and 4f . .
2 Investment ex enses included on line 10 .
lSa Net earnings (loss) from self-employment.
b Gross farming or fishing income.
c Gross nonfarm income
16a Depreciation adjustment on property placed in service attar 1986. .
b Adjusted gain or loss.
c Depletion (other than oil and gas)
d (1) Gross income from oil, gas, and geothermal properties
(2) Deductions allocable to oil, gas, and geothermal properties
e other ad'ustments and tax reference items
17a Type of income ~. .
b Name of foreign country or possession ~
c Total gross inc. from sources outside the U,S.
d Total applicable deductions and losses
e Total foreign taxes (check one): ~ D' Paid . 0" . A~~~'~d .
1 Reducflon in taxes available tor credit .
Other forel n tax information attach sch.
18 Section 59(e){2) expenditures: a Type ~ .
14a
b1
b2
15a
15b
15e
17e
17d
17e
171
17
18b
19
20
21
22
23
(b) Amount
25-1445513 Pace 2
(c) 1040 filers enter the
amount In column (b) on:
19
b Amount
19 Tax-exempt interest income.
20 Other tax-exempt income.
21 Nondeductible expenses
22 Distributions of money (cash and marketable securities)
23 Distributions of property other than money
24 Recapture of low-income housing credit;
a From section 420)(5) partnerships
b Other than on line 24a . 24b
25 Supplemental information required to be reported separately to each partner (attach additional schedules if more space is needed):
432
Form 4952, line 1
See page 8 of Partner's
Instructions for Schedule K-l
(Form 1065).
Sch. SE, Section A or B
See page 9 of Partner's
InstruclionsforSchedule K-1
(Form 1065).
See page 9 of Partner's
Instructions
for Schedule K-1
(Form 1065)and
Instruclionsfor Form 6251.
Form 1116, check boxes
Form 1116, Part I
Form 1116, Part II
Form 1116, Part III
See Instructions to~ Form '116,
See page !l of Partner's
Instructions for Schedule K-l
(Form 1065).
Form 1040, line 8b
See page!l of Partner's
Instructions for Schedule K-l
(Form 10tiS).
Form 8611, line 8
HIPPEN 0:>:24 :2:48
ptr Num:
SCHEDULE K-1
(Form 1065)
1~~:r~r:lmrf;~eo~u~h~~:;~~Ury For calendar ear 1997 or tax
Partner's Identl In number ~ 210 - 3 2 - 74 9 6
Partner's name, address, and ZIP code
2
Partner's Share of Income, Credits, Deductions, etc.
~See separate Instructions.
ear be innin
1997
, and endin
Partnershl 's Identl In number ~
Partnership's name, address, and ZIP code
Barry & Richard Hippensteel, Ptrs.
Hippensteel Auto Body
6 West Green Street
Newville PA
F Partner's share of liabilities (see instructions):
Nonrecourse. $
Qualified nonrecourse financing $
Other $
Tax shelter registration number . ~ ..................
Check here if this partnership is a publicly traded
partnership as defined in section 469(k)(2) ...........
Richard G. Hippensteel
452 Centerville Rd.
Newville PA
A This partner is a ~ general partner
o limited liability company member
What type of entity is this partner? ~ Indi vidual
Is this partner a ~ domestic or a O' .f~.r~ign.part~~r?....
Enter partner's percentage of' (I) Before change (II) End of G
. or terminatIon year
Profit sharing. ....%. ..50 ..O.OOOOOoy. H
Loss sharing. ... . . .. %. 50. 00000001.
Ownership of capital . .. %. 50.00000 Ooy.
E IRS Center where partnership filed return: I
Philadel hia PA 19255
PA
o
17241
limited partner
B
C
D
J
Anal sls of artner's ca
(a) Capital account at
bl!ginning of year
ltal account:
(b) Capital contributed
during year
(c) Partner's share of lines
3, 4,and 7, Form 1065,
Schl!duleM-2
17 217
(a) Distributive share Item
Ordinary income (loss) from trade or business activities.
Net income (loss) from rental real estate activities
Net income (loss) from other rental activities.
Portfolio income (loss):
a Interest.
b Dividends
c Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d Net short-term capital gain (loss)
e Net long-term capital gain (loss):
(1) 28% rate gain (loss)
(2) Total for year.
f Other portfolio income (loss) (attach sch.)
5 Guaranteed payments to partner
6 Net section 1231 gain (loss) (other than due to casualty or theft):
(1) 28% rate gain (loss)
(2) Total for year. .. .. . .. .. .. .
7 Other income loss attach schedule
8 Charitable contributions (see instructions)
9 Section 179 expense deduction
10 Deductions related to portfolio income
11 Other deductions attach schedule
12a Low-income housing credit:
(1) From section 42U)(5) partnerships for property placed in Sl!rvice before 1990
(2) Other than on line 12a(1)for property placed in service before 1990
(3) From section 42U)(5} partnerships for property placed in service after 1989 . .
(4) Other than on line 12a(3) for property placed in service after 1989 .
b Qualified rehabilitation expenditures related to rental real estate
activities
c Credits (other than credits shown on lines 12a and 12b) related
to rental real estate activities.
d Credits related to other rental activities
13 Other credits
For Paperwork Reduction Act Notice, see Instructions for Form 1065.
1
2
3
4
Income
(Loss)
Deduc-
tions
Credits
DAA
OMB No. 1545-00!l9
25-1445513
17241
o
Check applicable boxes: (1)
o Final K-1
(2)
o Amended K-1
(d) Withdrawals and
distributions
(e) Capital account at end of
year(combine columns (a.)
throu hd
l 227
43
l8 all
(b) Amount
(c) 1040 fliers enter the
amount In column bon:
1
114
See page 6 of Partner's
Instructions for Schedule K-1
(Form 1065).
112
5ch, S, Part I, line 1
Sch. S, Part II, line 5
5ch. E, Part It line 4
Sch. D, line 5, col. (~
Sch. D, line 12, col. (g)
Sch. D, line 12, col. (~
Enter on appl. In. of your rtn.
o
See page 6 of Partner's
Instructions for Schedule K-1
(Form 1065).
I r rr n
5ch. A, line 15 or 16
See page 7 of Partner's
Instructions for Schedule K-1
(Form 1065).
f ~~~'.'~'
See page 8 of Partner's
InstructIons for Schedule K-1
(Form 1065).
12c
t2d
13
Schedule K-1 (Form 1065) 1997
fllPPEN OJ242;48
P,tr Num: 2
Invest-
ment
Interest
Self-
employ-
ment
Adlusl-
ments
and Tax
Prefer-
ence
Items
Foreign
Taxes
Other
Supple-
mental
Informa-
tion
DAA
ensteel Auto Bod
(a) Distributive share Item
14a Interest expense on investment deb1S .
b (1) Investment income included on lines 4a, 4b, 4c, and 41 " "
2 Investment ex enses included on line 10 .
15a Net earnings (loss) from self-employment" "
b Gross farming or fishing income"
e Gross nonfarm income
16a Depreciation adjustment on property ptaced in service after 1986""
b Adjusted gain or loss"
e Depletion (other than oil and gas)"
d (1) Gross income from oil, gas, and geothermal properties
(2) Deductions allocable to oil, gas, and geothermal properties
e Other ad'ustments and tax reference items"
17a Type of income'" " "
b Name of foreign country or possession ...
e Total gross inc. from sources outside the U.S.
d Total applicable deductions and losses "
e Total foreign ta>:es (check one): ... 0 Paid 0" Accrued
t Reduction in ta>:es available for credit "
Other forei n tax information attach 5ch.
18 Section 59(e)(2) expenditures: a Type'" .
14a
b I
b2
ISa
15b
ISc
17c
17d
17e
171
17
ISb
19
20
21
22
23
(b) Amount
25-1445513 ~e2
(e) 1040 fliers enter the
amount In column (b) on:
1
b Amount
19 Tax-exempt interest income.
20 Other tax-exempt income.
21 Nondeductible expenses
22 Distributions of money (cash and marketable securities)
23 Distributions of property other than money
24 Recapture of low-income housing credit:
a From section 420>(5) partnerships
b Other than on line 24a " 24b
25 Supplemental information required to be reported separately to each partner (attach additional schedules if more space is needed):
433
Form 4952. line 1
See page S of Partner's
Instlllctio!'lsforSchedule K-l
(Form t06S).
Sch. SE, Section A or B
See. pa~ 9 01 Partner's
Instructions for SChedule K-l
(Form 1065).
See page 9 of Partner's
Instructions
for Schedule K-l
(Form 1065land
Instructions for Form 5251.
Form 1116, check boxes
Form 1116, Part I
Form 1116, Part II
Form 1116, Part III
See Instructions for Forrn "18.
See page 9 of Partner's
Instructions for Schedule K-l
(Form 1065).
Form 1040, line 8b
See page 9 of Partner's
Instructions1orScneduleK-1
IForm 1065).
Form 8611. line 8
Forro .1065, PI
3/24/98 2:48 pm
Description
Property Taxes
Permits
Hippensteel Auto Body
FYE: 12/31/97 EIN: 25-1445513
Form 1065, Page 1, Line 14 - Taxes
Form 1065, Page 1, Line 20 - Other Deductions
Description
Advertising
Outside Services
Operating Supplies
Freight & Postage
Utilities
Telephone
Insurance
Vehicle Expenses
Legal & Accounting
Office Expense
Laundry
Payroll Taxes
Miscellaneous
HIPPEN
Amount
$
570
132
702
$
Amount
$
483
1,060
285
128
1,554
325
6,703
945
2,216
1,060
600
1,355
506
17,220
$
Form. 10.65, P4
3/24/98 2:48 pm
Hippensteel Auto Body
FYE: 12/31/97 EIN: 25-1445513
Form 1065, Schedule L, Line 13 - Other Assets
Description
Beginning
of Year
Security Deposit
s
s
145 S
145 $
Form 1065, Schedule L, Line 17 - Other Current Liabilities
Description
Beginning
of Year
Payroll Liabilities
$
S
646 S
646 S
HIPPEr
End
of Year
14=
14=
End
of Year
1.175
1,175