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.
Report income received and/or earned by an estate or trust. Report income that is accumulated or currently distributed to beneficiaries. Report the current tax liability of the estate or trust. File an amended return for the estate or trust. Decedents' estates. The fiduciary must file a Form 541 for the estate of a decedent that has: 1  Gross income for the taxable year of more than $10,000, regardless of the amount of net income (California Revenue &Taxation Code (CR&TC) Section 18505(f)). 2  Net income for the taxable year of more than $1,000 (CR&TC Section 18505(d)).