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HomeMy WebLinkAbout07-20-78 COMMONWEAL TH OF PENNSYL VANIA DEPARTMENT OF REVENUE BUREAU OF COUNTY COLLECTIONS INHERITANCE TAX DIVISION INHERITANCE TAX RETURN FOR INSOLVENT ESTATES ONLY OF RESIDENT DECEDENTS 'jULl 0'. R~Ml03(3"::,'3) COUNTY OF Cumber land This return must be completed in detail and filed in duplicate, with the Register of Wills in the County where the decedent resided within nine months after date of death, unless on extension is granted by the Secretary of Revenue. Will Admn, No,2l-78-Lh4_ I, Esther H. Lebo of the estate of CHEST ER G. LEBO late of of West Pennsboro Twp. , Car lisleJA<i!l>a,.sSl170l3 Executrix (EXEC" ADM., LEGATEE, -ETC,I West pennsboro Township, (CITY, BOROUGH, OR TOWNSHIPI February 8, 1978 (DATE) R.D.4, Misc. being duly sworn according to law, deposes and says thatShe is the (NAME) deceased, and that the whole of the estate of said decedent, who died on consisted of the assets listed below and that allowable debts and deductions exceeded the fair market value of the assets and no Pennsylvania Transfer Inheritance Tax is due. 8 ;-',// l/G/cA</<. , AI ,;L<;.C' Executrix ( TITLE) (SIGNATURE) Type of Asset: Reol Estate, Pers. Property, Jointly Held Prop. or Transfers ASSETS (Attach additioncd sheets if necessary) Description of Asset Estimated Market Value Department Valuation CA UTlON (Do not write in this.s ce) Personal Inter-State Milk producers' Cooperative January milk check Registration fee refund Inter-State Milk Producers' Cooperative Stock, Cert. No. 27261 - one share Lehigh Valley Cooperative Farmers Stock, Certificate Nos. 44301; 43449; 42543; 40596; 39363; 38334; 37239; 44801, 31 shares (See attached March 17, 1978 report of Certified Public Accountants) $2,362.55 24.00 Personal 1.00 $2,362.55 24.00 Personal Personal 1.00 No value -0- TOTALS $2,387.55 $<:,387.55 REPORT OF INHERITANCE TAX APPRAISER I. the undersigned duly appointed Inheritance Tax Appraiser in and for the above County do respectfully report that I have appraised the real and personal property as reported in the foregoing schedule at the values set forth opposite each item in the last column to the right. /\ Dated: September 7, 1978 (INHER;TANCE TAX APPRAISER) Name of Payee DEBTS AND DEDUCTIONS Amount Amount Approved Nature of Claim Claimed by Register Hoffman Funeral Home Funeral expenses $2,210.00 Esther H. Lebo widow's exemption 2,000.00 Sylvia H. Rambo Reimbursement for Letters , Testamentary, Certificates 11. 00 Sylvia H. Rambo Reimbursement for Advertising Letters in Cumberland Law Journal and Evening Sentinel 26.65 Sy Iv ia H. Rambo Attorney's fee 118.00 Lavana L. Brechbiel Notary 2.00 Sylvia H. Rambo Reimbursement for Filing Insolvent Estate form 3.00 TOTALS $4,370.65 1/':"17/1 '-~ , "- REPORT OF THE REGISTER OF WILLS I. the undersigned duly elected Register of Wills in and for the above County, do respectfully report that I have allowed deductions in the amounts set forth in the above schedule as claimed, except where I have set forth a greater or lesser amount in the last column to t right, which greater or lesser amount represents the sum allowed as a deduction. Date of Approval: (7JY-c~tJ"j L CL"'fJ(,t>::>.~ ~L }lQ1"\ / {. I 'I ,', ,,: ------- (l t"" >~ (l Q. _. 0 0 ~ 3 ::: 3 c 0' :s: ~. 0 3 q 0 :> ~ 0 ~ -l - '" 0 0 ~ m ~ ~ -l ." G ~ [T] ~. ~ ("l 0 5- ("l CIl gj :0 0 '" ~ >-l 0 ~ -l CIl 0 >-l [T] 'TJ l> ~ to "tl t>l t>l t>l en ~ Z G e S11 ~ -l 0 Z c 0 :> ." 0 gJ " -l .... [T] .... 21 l> :J: ~ S [T] :J: ." '< C m :> m ? ." ~ e; ~ 0 'U '" ~ 'U ~ 0 'TJ ;;. Cl c :0 '" :> l> '" 0 ~ ,... Z en CIl m [T] ::I: n :s: ItJ m [T] -<: . " Z G m -l ~ " '. . TOUCHE ROSS & CO, TWENTV FOURTH FLOOR 1700 MARt(ET STREET PHILAOELPHIA PA 19103 March 17, 1978 Board of Directors and Stockholders Lehigh Valley Cooperative Farmers Allentown, Pennsylvania We have examined the balance sheets of Lehigh Valley Cooperative Farmers as of January 31,1978 and 1977, and the related statements of operations, stockholders' equity, and changes in financial position for the years then ended. Our examinations were made in accordance with generally accepted auditing standards and, . accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. The accompanying financial statements have been prepared on the basis of the continuation of the Cooperative as a going concem which contemplates the realization of assets and the payment of liabUities in the ordinary course of business. The Cooperative has sustained substantial losses from operations which have resulted in a dissipation of working capital and eq\lity. Continuation of the Cooperative as a going concern is dependent upon maintaining adequate financing (Note E) and future profitable operations. / As described in Note K, the Cooperative is involved in certain litigation both as defendant and plaintiff. The eventual effect of the litigation on the financial statements cannot be reasonably predicted. In our opinion, subject to the effect of the material uncertainties referred to in the second and third paragraphs above, the financial statements referred to above present fairly the financial position of Lehigh Valley Cooperative Farmers at January 31, 1978 and 1977, and the results of its operations and the changes in its financial position for the years then ended, in conformity with generally accepted accountin.ll principles applied on a consistent basis. ..:f ()U~ e;p~ ~ ~, Certified Public Accountants '" ~ .-....... ~. " , -------- I * RCC-81 (6-73) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF COUNTY COLLECTIONS HARRISBURG 17127 IN YOLJR REPLY PLEASE REFER TO Inheritance Tox Division NOTICE OF FILING or APPRAISEMENT Esther H. Lebo, Executrix (Executor or Administrator) In Re: Estate of Chester G. Lebo Cumberland County - Fi Ie No. 21-78-0114 Dear Mrs. Lebo: You are hereby notified that the insol vent appraisement in the estate of Chester G. Lebo has been Ii led in the office of the R~ster of Wi lis of Cumberland County on September 7 ,19_, Said appraisement reflects the following valuations: Real Estate Personal Property Transfers Jointly Owned Total -0- $2,387.55 -0- -0- $2,387.55 As to such tax that is paid within three months from date of death, a five (5%) percent discount is allowable. As to any tax that remains unpaid after nine (9) months (fifteen months when death occurred from December 22, 1965 to June 16, 1971, inclusive; and twelve months when death occurred prior to December 22, 1965) from date of death, interest at the rate of six (6%) percent per annum is charged. Any party in interest who is aggrieved by this notice may object thereto within sixty days after receipt of said notice as provided by Section 1001 of the Inheritance and Estate Tax Act of 1961, 72 P. S. 2485-1001, P. L. 373. Date September 7, 1978 Si gned I Title Chief Inheritance Tax Appraiser Note: This is not a bill.