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.
If federal estate tax was paid on IRD, a deduction can be claimed on the income tax return that reports the IRD. Exemptions Final Form 1040 Full amount allowed for decedent; no proration required. For decedent to claim exemption of a dependent, deceden t. must have furnished over one-half of support for entire year. Form 1041 An estate is allowed a $600 exemption even if first return period is less than 12 months. Funeral Expenses Form 706, Schedule J Allowed on Form 706, never on Form 1041 or 1040.