EFTA00816914.pdf

From: "Jeffrey E." <[email protected]> To: Richard Kahn Subject: Re: form 1040 Date: Fri, 30 Sep 2016 18:42:44 +0000 ny next week On Fri, Sep 30, 2016 at 8:04 PM, Richard Kahn < wrote: after reviewing 2 drafts of your 1040 it appears you owed 240,000 vs 250,000 we projected therefore tax return after applying 500,000 4/15 extension payment tax return shows a 260,000 refund which will be applied to estimates shall i send via email your 2015 form 1040 for review or shall we discuss in NYC next week please advise thank you Richard Kahn HBRK Associates Inc. New York, NY 10022 tel fax cell On Sep 15, 2016, at 10:11 AM, jeffrey E. <[email protected]> wrote: pay 750 On Thu, Sep 15, 2016 at 10:09 AM, Richard Kahn > wrote: any thoughts on Q3 estimated payment as Jeanne will have to make payment today at VI Bureau please advise thank you Richard Kahn HBRK Associates Inc. New York, NY 10022 tel fax cell Begin forwarded message: EFTA00816914 From: Richard Kahn Subject: Q3 estimated tax due 9-15-2016 Date: September 14, 2016 at 3:54:33 PM EDT To: "Jeffrey E." [email protected]> Summary to date 4-15-2016 - we projected a balance due of 250,000 for 2015 tax return balance to be paid 5,000,000 (total income) x 40% = 2,000,000 / 4 = 500,000 + 250,000 for 2015 = 750,000 ->amount paid 500,000 6-15-2016 - ->amount paid 250,000 9-15-2016 - after just completing STC tax return we are now estimating 7,000,000 of non edc interest income and dividends for calendar year 2016 STC operations and consulting fees paid for calendar year will be approximately 2,500,000 resulting in pass thru loss of that amount offsetting interest and dividend income min taxes to be paid 4,500,000 x 40%= 1,800,000 14 = 450,000 x 3 quarters = 1,350,000 plus projected 250,000 2015 balance due = 1,600,000 Total to be paid per summary above 1,600,000 Paid 4-15-2016 ( 500,000) Paid 6-15-2016 ( 250,000) Estimated amount due 9-15-2016 850,000 Please advise amount to pay Thank you Richard Kahn HBRK Associates Inc. New York, NY 10022 tel fax cell EFTA00816915  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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00816916