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 you have to include income in respect of a decedent in your gross income and an estate tax return (Form 706) was filed for the decedent, you may be able to claim a deduction for the estate tax paid on that income.he net value of the items included as income in respect of the decedent is $15,000 ($20,000 â $5,000). The estate tax determined without including the $15,000 in the taxable estate is $4,840, after credits. The estate tax that qualifies for the deduction is $4,620 ($9,460 â $4,840).