EFTA02563267.pdf

From: Eileen Alexanderson < > Sent: Saturday, November 17, 2012 4:44 PM To: Cc: Subject: Re: [WARNING: MESSAGE ENCRYPTED)FW: Leon Black form 709 Tom will answer but he definitely used some of the $1.7 this year. From: McCaffrey, Carlyn Sent: Saturday, November 17, 2012 07:45 AM To: >; Eileen Alexanderson Cc: Kirschner, Elyse < >; Jeffrey Epstein <[email protected]> Subject: [WARNING: MESSAGE ENCRYPTEDJFW: Leon Black -form 709 Leon's 709 shows that he still had $1.74 million of gift tax credit left at the beginning of 2012. Can one of you check to see if he's made any taxable gifts during 2012 so that we know how much he has left. If he hasn't made any further gifts, the simplest approach is probably to have him make a gift to his 1997 GST exempt trust. Carlyn S. McCaffrey I Partner McDermott Will & Emery LLP I New York, NY 10173 > J www.mwe.com <http://www.mwe.com> From: Kirschner, Elyse Sent: Friday, November 16, 2012 5:58 PM To: McCaffrey, Carlyn Subject: FW: Leon Black - form 709 Here's Leon's 2011 gift tax return (the code to open the return is 10018). Leon used $1.0 million of his gift tax credit through 2010. In 2011, he made taxable gifts of $2.374 million. So, he still has about $1.74 million of his credit left. EFTA_R1_01725858 EFTA02563267 He used $3.5 million of his GST exemption. He should just make a gift of $1.5 million to his 1997 GST exempt trust. Elyse G. Kirschner I Partner McDermott Will & Emery LLP I New York, NY 10173 > I www.mwe.com <http://www.mwe.com> From: Thomas Turrin Sent: Friday, November 16, 2012 5:34 PM To: Kirschner, Elyse Subject: RE: Leon Black - form 709 Elyse, The p/w is my office zip code. I will send Debra's on Monday. Best, Tom THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 2 EFTA_R1_01725859 EFTA02563268 New York, New York 10018 Email: Website: www.rem-co.com <http://www.rem-co.com> From: Kirschner, Elyse [mailto Sent: Friday, November 16, 2012 3:55 PM To: Thomas Turrin Subject: RE: Leon Black Thanks. Can you send me Debra's too? Elyse G. Kirschner I Partner McDermott Will & Emery LLP New York, NY 10173 > I www.mwe.com <http://www.mwe.com> From: Thomas Turrin Sent: Friday, November 16, 2012 3:54 PM To: Kirschner, Elyse Subject: RE: Leon Black I will forward it to you a little later. 3 EFTA_R1_01725860 EFTA02563269 THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP New York, New York 10018 Email: Website: www.rem-co.com <http://www.rem-co.com> From: Kirschner, Elyse [mailto Sent: Friday, November 16, 2012 3:21 PM To: Thomas Turrin Subject: Leon Black Tom, Do you have a copy of Leon's 2011 gift tax return? 4 EFTA_R1_01725861 EFTA02563270 Thanks. Elyse Elyse G. Kirschner I Partner McDermott Will & Emery LLP New York, NY 10173 > www.mwe.com <http://www.mwe.com> ******* **•***•** IRS Circular 230 Disclosure: To comply with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained herein (including any attachments), unless specifically stated otherwise, is not intended or written to be used, and cannot be used, for the purposes of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter herein. This message is a PRIVILEGED AND CONFIDENTIAL communication. This message and all attachments are a private communication sent by a law firm and may be confidential or protected by privilege. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or use of the information contained in or attached to this message is strictly prohibited. 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