Instructions For Form Rev-1500 - Pennsylvania Inheritance Tax Return Resident Decedent Page 25
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27DOCUMENTATION CHECKLIST
Attaching the documents indicated below will help us to process tax returns more efficiently. If the
Schedules in the left column are being used in a tax return, the preparer must include the appropriate
documentation as indicated in the right column. Failure to do so may delay the processing of the tax return,
and may result in an unfavorable assessment of tax.
If the decedent’s will and codicils were probated, copies must be submitted.
Check Blocks:
Documentation Required
4a. Future Interest
Schedule M, see below
Compromise
5a. Federal Estate Tax Return
Form 706, Federal Estate Tax Return
Required
6.
Decedent Died Testate
Complete copy of will and all codicils
7.
Decedent Maintained
Complete copy of trust instrument
Living Trust
9.
Litigation Proceeds
Copies of court orders indicating the amount of the distribution/award, and the
Received
allocation of wrongful death/survival awards, the date the proceeds were actually
received by the estate
11. Election to Tax Under
Schedule O, Parts A and B completed, will and/or trust instrument
Section 9113(a)
Schedules:
Schedule A
Proof of fair market value, such as a qualified appraisal, settlement sheets, or
agreements of sale prepared for the sale of the property. Copies of deeds for
property in which the decedent held a fractional interest.
Schedule B
Summaries received from brokers, financial institutions, or valuation services
Schedule C
Proof of fair market value of the decedent’s interest, such as a qualified appraisal.
See Page 10 for a more specific list.
Schedule D
Copies of amortization schedules or any other documents used in valuing the
decedent’s interest
Schedule E
Appraisals of assets valued at $3,000 or more, or collections valued at $10,000 or
more. Statements from financial institutions. Settlement agreements or court orders
which resolve litigation commenced by or on behalf of the decedent which results
in an award.
Schedule F
Copies of statements from financial institutions. Copies of deeds for jointly held
real property. Documentation showing the date the asset was placed in joint
ownership.
Separate Billing Requested
Complete description of jointly-held assets, including the name of the financial
institution, account number, balance as of the date of death, the date the account
was created in joint ownership, and the balance as of the date of death. For jointly
owned real property, include a copy of the deed, and proof of fair market value
(See Schedule A above). Name and current address of the surviving joint owner(s),
and their relationship to the decedent.
Schedule G
Copy of deed and proof of fair market value for real property. Documentation which
verifies fair market value for other types of assets. Copies of annuity or retirement
contracts. Documentation showing the date the asset was transferred.
Schedule H
Copies of bills for reasonable funeral expenses are NOT necessary. Copies of
receipts for customary administrative expenses are also NOT necessary. However,
copies of all bills and receipts should be maintained should it be necessary for the
Department to determine if a joint tenant or transferee is entitled to claim a
deduction.
Schedule I
Copies of statements which provide proof of the decedent’s liability as of the date
of death.
Schedule J
Copy of birth certificate for decedents whose estate includes transfers under Section
9116(a)(1.2). Disclaimers if appropriate. Family Settlement agreements.
Schedule K
Will and/or trust instrument
Schedule M
Will and/or trust instrument. Copies of the estate representatives’ calculations of
the trust estate and tax due. Copies of purchased actuarial calculations.
Statements furnished by the estate representative or trustee concerning the
general health and financial needs of each of the beneficiaries. Form 706, if the
estate was required to file with the IRS.
22
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Rev-1736 Ex - Instructions For Form Rev-1737-a Pennsylvania Inheritance Tax Return - Nonresident Decedent
Financial
Instructions For Form Rev-1737-a - Pennsylvania Inheritance Tax Return Nonresident Decedent
Financial
Instructions For Form It-40ez - Indiana Income Tax Return For Full-year Indiana Resident Filers With No Dependents - 2014
Financial
Related Categories
Parent category: Financial