- 25 - this amount, $13,626.51 has been deducted by the estate for income tax purposes on Form 1041, and the balance of $13,873.49 is claimed for estate tax purposes. (B) Attorney's fees paid to John T. Lynch, Jr., in the total amount of $495,700.02, and investigative fees paid to Edward J. Reardon in the total amount of $220,000, are currently in dispute and are the subject of litigation before the Orphans' Court of Philadelphia County: Estate of Philip Meriano, No. 2259 of 1978, Petition of Anita Panepinto for Decree Directing the Deposit into Court of Certain Amounts paid from the Estate. The amount of such fees which are finally paid and are not claimed on Form 1041, are claimed as deductions for estate tax purposes. (C) Attorney's fees have been charged by Dilworth, Paxson, Kalish & Kauffman in the aggregate amount of $231,347.50 for services rendered to Anita Panepinto, Administratrix c.t.a., through September 30, 1984, and additional such fees will be charged for services rendered thereafter. All such fees will be stated in the account of Anita Panepinto which will be filed with the Orphans' Court of Philadelphia, and the Administratrix will request that the Court approve the amount of such fees. Such fees will not include any amount for services rendered to Anita Panepinto and Elaine Hernadi in connection with any Orphans' Court proceeding involving the probate of the will and codicil of Philip Meriano or the appeal from that probate. The amount of such fees which is finally paid and approved by the Court and is not claimed on Form 1041 is claimed as a deduction for estate tax purposes. (D) The amount of interest due on the Federal Estate Tax deficiency is dependent on the amount of such deficiency and the time of payment, neither of which is known at this time. The amount of such interest which isPage: Previous 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Next
Last modified: May 25, 2011