Free Complaint - District Court of Delaware - Delaware

Case 1:05-cv-00291-GIVIS Document 1-5 Filed 05/13/2005 Page 1 of 4

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` Estate Tax
409 Silverside Road
· Wilmington, De. 19809
mm. September 21, 2000 EKKEOK Barbara A. Bandurski
Dae 8: Death: 8/ 7/1998
Decedent's Social Security Number:
Ms. Beverly J. Wik, Esq
The Bayard Group hmmimcmmme Stephen Del Rossi
919 Market Street ‘
Sl.1llZ€ Contact Telephone Number:
(302)79l—454l
Dear Ms. wik: I
The Federal estate tax return (Form 706) indicated above has been
assigned to me for examination. Would you please mail the following
records to me by October 5, 2000:
(1) Copies of the decedent's Federal income tax returns (Form 1040)
for the year of the decedent's death and the two preceding years,
together with any examination reports thereto;
(2) Copies of all Federal fiduciary income tax returns (Form
1041), including Schedules K—1, filed by the estate (and trust(s), if
any); y
(3) A schedule showing all transfers greater than $2,500. (per
donee) made by the decedent for less than an adequate and full
consideration since September 8, 1976;
(4) Schedule B, item 2, please explain.
(5) Schedule D, item 2, submit verification.
(6) Schedule E:
a. Item 2—submit proof of the contribution claimed by the surviving joint
owner.
b. Item 3—submit a copy of the appraisal.
(7) Real Estate: Schedule F, item 5—what is the value of the
property if cleaned up? What is the cost of the clean up? What is the
present value of the property as is?
(8) Closely Held Corporation: Schedule B, Item 3; gxspydtil
a. A statement of the nature of the business; FLe’“ _
b. Financial data for the years 1993 through 1998, including: d {35°g®0
1. Balance sheets; 5i? L l
2. Profit & loss statements; vv(y$%
3. Statement of dividends paid; gEV€H”`
4. Statement of officer's salaries;
c. Number of shares outstanding; shareholder's names & number of
shares each holds;
d. Description of the primary function of the corporation;
e. A detailed explanation of any stock sales or attempts to sell before
or after the valuation date.
f. Do not resubmit any information originally submitted with the
return. _
(9) Schedule F, item 6, is 100% of the value included here?
l (10) A "family tree" for the decedent going "up" from the decedent

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one generation and "down" from the decedent two generations;
(11) Copies of all probated wills and/or trust agreements made by
any spouse of the decedent (on the date of such spouse's death) who
predeceased the decedent after 1981.
(12) Copies of any instrument, such as a power—of—attorney,
guardianship, etc. which allows another person to act for the .
decedent.
(13) A certified copy of the estate inventory and accounting as filed
with the probate court. If there has been no formal estate accounting,~
please supply a copy of your informal estate accounting, showing
receipts and disbursements;
(14) Schedule I, item 1—is 100% of the asset included on this
schedule?
(15) Schedule J:
a. Items 8, 9 and 11—explain and submit verification.
b. Items 13, 14, 15, 16 and 19—please identify the assets appraised.
(16) Schedule K:
a. Items 1, 2, 24, 25 and 33—submit verification.
b. Item 6—what were the services performed?
(17) Schedule L: submit verification.
In your cover letter returning the above, would you please also
state:
(A) Whether any assets shown on the estate tax return have been
sold, or the subject of a sales or purchase offer within three years
of the date of this letter (and if so, please state the date, price
and terms);
(B) Whether you or your client have had an appraisal made (other
than those attached to the Form 706 when originally filed, if any)
within three years of the date of this letter of any asset included in
the decedent's gross estate (and if so, please attach copies);
(C) Whether any additional deductions or assets have come to your
attention since the filing of this return;
(D) Whether any "amended" estate tax return(s) have been filed.
After reviewing the above information, I will contact you to schedule
a meeting to discuss the case. At our meeting, please have the
following records available for my inspection:
(i) canceled checks, check ledgers and bank statements for the
year of death and the preceding year for all bank/brokerage accounts
over which the decedent had signatory authority (either individually or
jointly);
(ii) The estate's financial records including bank statements.

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If you have any questions in this matter, please call me at the number
shown above. Thank you for your cooperation.
Sincerely t
/ étephen Del Rossi
` Attorney (Estate Tax)
Encl:
Pubs 1, 5 594
Notice 609
L 3164E