EFTA02620035.pdf

From: jeffrey E. <[email protected]> Sent: Tuesday, September 19, 2017 8:09 PM To: Barry J. Cohen Subject: Re: 000's i did not suggest you use the 000 method. =AO Im sorry but i dont have the time . do you thin= if you filed a gift tax return and left everything blank the statue=would run? On Tue, Sep 19, 2017 at 4:03 PM, Barry J. Cohen «= href="mailto: targetCblanks > wrote: John Cook at EY said they would not sign a return th=t uses the 000s method. They said that there are too many footing pr=blems. Numbers won't tie to K-1s, W-2s, 1099s, etc. Al=o, if you only use it on part of the return, the various numbers on the return would not match internally. He also pointed ou= that this method effectively truncates numbers; though I'm not su=e what rounding rules you use. E.g., 101,499 become 101? What =appens to the other $499? Joe V likes the idea of putting in 0's inste=d of blanks. He says he uses "none". He did no= understand why this would affect the statute of limitations. Barry J. Cohen =A01 Elysium Management,=L1C I 445 =ark Avenue Suite 1401 <https://maps.google.com/?q=445+Park+Ave=ue+Suite+1401%0D+New+York,+NY+10022&entry=gmail&source=g> New =ork, NY 10022 <https://maps.google.com/?q=445+Park+Ave=ue+Suite+1401%0D+New+York,+NY+10022&entry=gmail&source=g> 1=/u> Tel. <tel: I Cell <tel: <mailto: =AO please note EFTA_R1_01825569 EFTA02620035 The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:[email protected]" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved --94eb2c11e478d2381e05599O6f77-- conversation-id 31149 date-last-viewed 0 date-received 1505851769 flags 8590195713 gmail-label-ids 7 6 remote-id 751374 2 EFTA_R1_01825570 EFTA02620036