EFTA02390752.pdf

From: Barry J. Cohen Sent: Monday, April 17, 2017 4:35 PM To: jeffrey E. Subject: Re: flowchart Will get it to you Sent from my iPhone On Apr 17, 2017, at 12:26 PM, jeffrey E. <[email protected] <mailto:jeevacation@=mail.com» wrote: cant give you an aswer without seeing the return.&n=sp; I dont have it. On Mon, Apr 17, 2017 at 12:14 PM, Barry J. Cohen= wrote: We received the attached letter from the IRS with re=pect to LDB's 2012 return. The IRS appears to be saying that t=ey cannot reconcile BRH's K-1 and partnership return to LDB's =eturn. We believe this is because BRH's income and K-is flow through multiple entities on their way to LOB, and the BRH K-1 is not=attached to Leon's return. The other attachment charts this fl=w. Entities in red boxes do not file tax returns. The BRH income items all seem to be recorded on LDB&=8217;s return (lumped in with other income). Thus, LDB appears to ha=e paid tax appropriately. Neither Rich I nor any of us were involved=in the 2012 returns, but we believe we have much of the support for those returns. We propose that Tom Turrin make an informal call to =he IRS to propose that we offer a simple reconciliation and see if they be=ieve this is sufficient. It appears that we must respond by May 5.<=u> Let us know if you agree. EFTA_R1_01416391 EFTA02390752  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 2 EFTA_R1_01416392 EFTA02390753