- 11 - Asset Value 5422.033 shares of Eli Lilly $356,160 3400 shares of Eli Lilly 223,338 Merrill Lynch CMA account 200,943 189.99 shares RJR 5,867 Rings & misc. household items 6,500 Intangibles tax refunds 6,811 22 shares Ameritech 1,225 Exdividend 10 Total 800,854 The decedent's estate filed a Form 706, United States Estate (and Generation-Skipping transfer) Tax Return, on February 3, 1997, approximately 1 month after the due date of the return. It paid estate tax of $254,051, the net estate tax reported on the return. Among other deductions, the return claimed a charitable deduction for a gift or bequest of $1,346,060 to the Millbrook United Methodist Church. On or about July 22, 1997, the estate filed an amended Form 706 that reported net estate tax of $239,165. The amended return reflected reductions in the fair market value of the real estate and stocks and bonds reported on the original return. It also reduced the charitable deduction claimed. Set out below is a schedule that compares the assets and deductions reported on the original and amended estate tax returns:Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011