EFTA02640287.pdf

From: jeffrey E. <[email protected]> Sent: Monday, August 14, 2017 1:26 PM To: Barry J. Cohen Cc: Leon Black Subject: Re: [External] Re: hopefully helpful he is not the usual employee. . ho=ever good record keeping is always good . =AO barry this is a bit silly, I gladly will give you all the h=lp I can but Leons returns and sensitiiveis are quite unique..C2 I am sympathtic to your frustration , =C2 joe and torn input their numbers into a compu=er program and then rely on its results. . l=s Leons money, he can do with it as he pleases. using the 2k =omputer program to organize and calculate his taxes is his right. =AO A pre fab house is easy and without risk, =C2 if thats what you guys want , ok with me. =AO gift taxes on bar mitzvahs and gift taxes on trips on=the plane. expensing his dinner with a potential client. - =AO not my world. sorry ar> On Mon, Aug 14, 2017 at 7:16 AM, Barry J. Coh= wrote: Perhaps it's a li=tle unclear from the article what the record keeping comment applies to, b=t all of the cases mentioned involved employee-owned planes.=/span> From: jeffrey =. [mailto:[email protected] <mailto:[email protected]> ] Sent: Sunday, August 13, 2017 5:02 PM To: Barry J. Cohen Subject: [External] Re: hopefully helpful Corp owned On Sun, Aug 13, 2017 at 2:34 PM Barry J. Cohen wrote: Note that the article you sent says that good record= should be kept. See below. Also it seems to apply mostly to employee rela=ed travel. I would have thought that our concern is non-employee related t=avel. Perhaps your point is that much of his non-reimbursed Apollo travel is nevertheless Apollo related. "Good record keeping for each business trip will go a long way in demo=strating how the use of a private aircraft helped to benefit your business=by allowing for expanded customer contacts and flexibility in scheduling.8g=uot; Sent from my iPhone On Aug 5, 2017, at 8:02 AM, jeffrey E. <[email protected] <mailto:jeevacation@gm=il.com> <mailto:[email protected]</=>» wrote: After fridays discussion EFTA_R1_01873503 EFTA02640287  https:/=www.aopa.org/training-and-safety/pic-archive/aircraft-ownership/rusiness-justification- aircraft-expenses <https://www.aopa.org/training-and-safety/pic-archive/aircraft-ow=ership/business-justification- aircraft-expenses> I suggest you focus on large issues first. . the discussi=ns re personal use of plane . parties travel. may be relevant =t the tippy tip of the margins but these answers should=C2 flow from the structure. On what form will you use the =eduction. ? which business. , its structure. different buisnesses =AO etc. Barry , what you will find is that there is very few answers t= be found on point as people in leons position rarely make cases to tax co=rt. exception being estate issues. . =lanes owned by farmers salesman, bankers. are usua=ly small planes. meaningless to leons issue. large biz gets are usually =wned by corporations. . the facts. th=re are approx 400,000 planes in the states. out of that large =umber only about 13, 000 total private jets. out of tha= class only 2000 large jets and most owned by corporations. how many people have bu=iness of leons size . not including his art work. You asked , me what do we do now. as=l told Brad years ago. First and foremost is accur=te numbers presented in an organized fashion. that is 8= percent of the grunt work. Once all the numbers are in shape = ie materials for the building of the financial architecture. . Leons goals must be add=essed and programatic . this takes hours of discussion.=C2 . next . plans are drawn up, . modifications are made,=C2 issues of sec regulation, tax, control, successio=. mechanics. all need to be planned and adjusted to meet the goals. You need to recognize that there are few , very few exa=ples of the house that in leons case needs to be re built. =AO most people with leons wealth have a serious family office=C2 with a huge stock portfolio. , not art. and of those , =ew hold dormant assets ie apollo. . Its been ten years since apoll= went public. and the house needs total renovation. =AO upgrades in tech, security, and the family has changed =AO all very similar to architecting a house after the children have grown =nd left. 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]> <mailto:[email protected] <mailto:[email protected]= target=», and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email and any files transmitted with it are confidential and intended =olely for the person or entity to whom they are addressed and may contain =onfidential and/or privileged material. Any review, retransmission, dissem=nation or other use of, or taking of any action in reliance upon this information by persons or entities oth=r than the intended recipient is prohibited. If you have received this ema=l in error please contact the sender and delete the material from any comp=ter. Apollo Global Management, LLC please no=e The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for 2 EFTA_R1_01873504 EFTA02640288  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 This email and any files transmitted with it are confidential and intended =olely for the person or entity to whom they are addressed and may contain =onfidential and/or privileged material. Any review, retransmission, dissem=nation or other use of, or taking of any action in reliance upon this information by persons or entities oth=r than the intended recipient is prohibited. If you have received this ema=l in error please contact the sender and delete the material from any comp=ter. Apollo Global Management, lit =AO please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="[email protected]" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved --94eb2c04334c05de1b0556b69cf4-- conversation-id 35233 date-last-viewed 0 date-received 1502717185 flags 8590195713 gmail-label-ids 7 remote-id 739402 3 EFTA_R1_01873505 EFTA02640289