Edenborn, in 1909, named the town Sorrento after Sorrento, Italy where it is claimed he took his young bride for their honeymoon. The first postmaster of the town of Sorrento was Willie Everrett, followed by Joe Gravois in 1915 and Sidney Chauvin in 1925.
Annualization of Income: In order to annualize a taxpayer's income, you may use the income realized by the decedent, divided by the number of days or months the taxpayer lived and multiplied by 365 days or 12 months.
â¢ Annual income as used in HUD programs like Section 8 and defined in 24 CFR 5.609, â¢ Annual income as reported on the Census long form for the most recent decennial. census, and. â¢ Adjusted gross income as defined by the Internal Revenue Service (IRS) Form 1040.