EFTA02465888.pdf

From: Thomas Turrin Sent: Tuesday, April 12, 2016 7:53 PM To: jeffrey E.; Brad Wechsler Cc: Melanie Spinella Subject: RE: Jeffrey, I am reviewing your questions ...I'm also available if you would like to call. From: Thomas Turrin Sent: Tuesday, April 12, 2016 3:47 PM To: 'jeffrey E.'; Brad Wechsler Cc: Melanie Spinella Subject: RE: From: jeffrey E. [mailto:[email protected] Sent: Tuesday, April 12, 2016 3:44 PM To: Brad Wechsler; Thomas Turrin Cc: Melanie Spinella Subject: DDC1, LUX 1) why is return cash basis for what appears to be art investment yet Friends LLC is accrual basis? 2) insurance expense should be added to basis each year not expensed as amount is not deductible Friends Ventures LLC EFTA_R1_01574150 EFTA02465888 1) why is accounting method accrual basis? what were accrued expenses at end of 2014 that were paid in 2015 2 schedule 8-1 - remove . from Leon D. Black for consistency throughout return 3) Page 1- Should box be checked that IRS should be able to talk with preparer? The Publishing Trust 1) why is it FKA APO-02 Declaration under name when this is the first tax return filed? 2) why is box checked for change in fiduciary name when this is initial return? nothing has been reported to IRS 3) will trust be attached to return and sent to IRS? 4) Page 1- Should box be checked that IRS should be able to talk with preparer? APO2 Declaration - Form ST-140 1) page 3 on return - worksheet 3 - although it says see attached 162,779.00 should be on line 1as line 2 on page 1 of return references this box 2) certification - Thomas Turrin PIN should be typed and not handwritten 3) IT-135 - Column B should have description APO1 Declaration - Form ST-140 1) page 3 on return - worksheet 3 - although it says see attached 3,427.00 should be on line 1 as line 2 on page 1 of return references this box 2) certification - Thomas Turrin PIN should be typed and not handwritten 3) IT-135 - Column E number should read 38,608.50 not 38,608.50.00 4) IT-135 - Column B should have description APO.01 Form 1041 2 EFTA_R1_01574151 EFTA02465889 1 do not know assets or liabilities as no balance sheet is attached however would like to know what 2,357 of loan interest relates to.. 2) Page 1- Should box be checked that IRS should be able to talk with preparer? APO1 Agreement Form 1041 1) Page 1- Should box be checked that IRS should be able to talk with preparer? please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved CONFIDENTIALITY STATEMENT: The information contained in this electronic communication, including any and all attachments and enclosures, may be privileged and is strictly confidential, intended solely for the use of the person(s) identified above to receive this communication. If you are not the person(s) identified above to receive this communication, you are hereby notified that you may not disclose print, copy, disseminate, or otherwise use the information contained herein. If you are an employee or agent of the person(s) identified above to receive this communication and, as such, you have been authorized to deliver this communication to such person(s), you may disclose, print, copy, disseminate, or otherwise use the information contained in this communication solely for the purpose of such delivery. Unauthorized interception and/or use of this communication are/is strictly prohibited and may be punishable by law. If you have received this communication in error, please reply and notify the sender (only) of that fact and delete the communication, including any and all attachments and enclosures, from your computer or other electronic device on which you may have received this communication. 3 EFTA_R1_01574152 EFTA02465890