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.
Any interest that accumulates after the decedent dies is always included in your income when you cash in the bond. For example, say you inherit a bond that the decedent bought for $100 and is now worth $180.If you cash it in for $200 years later, you will pay taxes on the last $20 of interest, even if the decedent paid taxes on the first $80 of interest.ny interest that accumulates after the decedent dies is always included in your income when you cash in the bond. For example, say you inherit a bond that the decedent bought for $100 and is now worth $180.