EFTA01958654.pdf

To: Jeffrey Epstein(] lliii Cc: Melanie SpineII From: Ada Clapp Sent Tue 9/24/2013 1:36:14 PM Subject Re: Petition for Advisory Opinion Good morning Jeffrey, I addressed your two points in my email yesterday. Perhaps you missed it (or I missed your response). I will reiterate below: I do not think we should mention that sales tax was paid by the grantor for the reasons we discussed relating to our not applying for the opinion in the first place. I don't think we want that to be a determinative factor in the ruling. I worry that it opens the door for a fishing expedition if NY ever looks into such a reacquisition. If still want it included in the Petition and it does become a determinative factor to issuing the opinion, it means that a grantor will only be able to substitute art for which he or she can prove sales tax was paid. I would rather not have that limitation. Alan agrees with this view Do you want this included nonetheless? Regarding the administrative powers language, the Petition quotes the entire trust language which states that the grantor is exercising the power in a non-fiduciary capacity. I don't see what traction is gained by simply repeating this as part of the argument for a favorable opinion. What is your reasoning for why this bolster the lack of consideration argument? Please explain so I know what argument you are trying to make and can include in the Petition. Thanks. Ada Clapp Black Family Partners cro Apollo Management 9 W 57th Street Now York NY 10019 etrn°1 IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used by any person or entity for the purpose of (i) avoiding tax related penalties imposed by any governmental tax authority, or (ii) promoting, marketing or recommending to another party any transaction or matter discussed herein. I advise you to consult with an independent tax advisor on your particular tax circumstances. This communication, and any attachment, is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. EFTA_R1_00431044 EFTA01958654 On Sep 24, 2013, at 9:27 AM, Jeffrey Epstein <jeevacationagmail.com> wrote: you did not include the fact that sales tax has been paid, already on the ites, and that he is actingin a non fircualny capacity please re do On Mon, Sep 23, 2013 at 12:16 PM, Jeffrey Epstein leevacation@gmail,com> wrote: this didn't incoude the last changes non fidiciary , sales tax already paid.etc On Mon, Sep 23, 2013 at 10:30 AM, Ada Clapp C. wrote: Jeffrey, The form is set up so that you cannot save it as a document in editable format. Whomever is representing your client and submitting the Petition on his, her or its behalf will either need to (i) print out the form and type in the information (using an Attachment), or (ii) type most of the information into the form online and save it as a PDF document (the form is not flexible enough to include the lengthly response to item 4, so your representative will need to use an Attachment). The PDF document can be printed and submitted with the Attachment. I have attached what your client's representative may wish to use as responses to items 1-4. Item 5 addresses additional redacting you may wish for your client if you include any information other than what is on the attached draft Petition. Item 6 relates to reserving your client's right to participate in New York's Voluntary Disclosure and Compliance program with respect to the subject of the advisory opinion. As you may know, this program is designed to encourage taxpayers to come forward and declare unpaid taxes in exchange for NY not imposing penalties or bringing criminal charges. I do not know if there is any downside to reserving the ability to participate in the VDC program-- but it would only apply to sales and use tax relating to your client's having substituted tangible personal property into a grantor trust in exchange for other property. If your client has not done this, perhaps it makes no sense to reserve this right. I am not sure if it "looks suspicious" to check this box. Perhaps Alan has a better feel for this? Your representative will also need to fill out page 3 of the Petition which is the Power of Attorney and make the required declaration. Ada Clapp EFTA_R1_00431045 EFTA01958655 Black Family Partners c/o Apollo Management 9 W 57th Street erl aYogr NY 10019 IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used by any person or entity for the purpose of (i) avoiding tax related penalties imposed by any governmental tax authority, or (ii) promoting, marketing or recommending to another party any transaction or matter discussed herein. I advise you to consult with an independent tax advisor on your particular tax circumstances. This communication, and any attachment, is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. On Sep 23, 2013, at 6:53 AM, Jeffrey Epstein leevaeationegmail.com> wrote: please fill out the advisory oinion form. I suggest using the concept that the setllor is excercising administravitce powers *********************************************************** 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 Jeffrey Epstein 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 c-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00431046 EFTA01958656 *********************************************************** 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 Jeffrey Epstein 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 c-mail or by c-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved *********************************************************** 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 Jeffrey Epstein 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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00431047 EFTA01958657