EFTA00980133.pdf

From: Richard Joslin alMille To: Jeffrey Epstein <[email protected]> Subject: 1040 FY 2012 Date: Tue, 07 Jan 2014 00:36:31 +0000 I will track the plane loan document first thing in AM. On Monday, January 6, 2014, Jeffrey Epstein wrote: what i want to see is that the plane loan is not part of the b of a statement.. how about 2011? did tom get a seperte number and decide not to deduct it. that woudl be ok On Mon, Jan 6, 2014 at 7:11 PM, Richard Joslin wrote: As I surmised, no deduction for plane debt. No boat debt in 2012. This email came in as I was typing response. ----- Forwarded messa e From: Thomas Turrin Date: Mon, Jan 6, 2014 at 6:45 PM Subject: RE: 1040 FY 2012 To: Richard Joslin Abel Goce <a> Plane loan interest was not deducted for 2012..per discussion with Pat Fenn, we both felt that it would be prudent to treat the plane as "in service" ..in business...once FAA Part 135 status is approved. Once 135 approved, the plane will be placed in service for depreciation purposes. Also, I don't think it would be appropriate to deduct the plane loan interest as investment interest. The boat loan is just being done ....not sure if completed yet...Eileen was working on it. We can discuss how to treat the interest expense ...the loan (according to my discussion with Eileen) was more of a loan to Leon that is collateralized by the vessel. How Leon uses the loan proceeds will decide tax treatment. The Bank of America interest on Schedule A (commonly referred to as "art loan") (collateral is Narrows LLC) is per the Bank of America statement..Abel will forward a copy of B of A 2012 interest (we get same statement from B of A every year). THOMAS TURRIN, CPA Partner EFTA00980133 Raich Ende Malter & Co. LLP 1375 Broadway New York, New York 10018 (212)944-4433(ext 404) (212)389-9816 (Direct line) (212)944-5404 (Fax) (917)670-4231 Cell Email: Website: Original Message From: Richard Joslin [mailto: Sent: Monday, January 06, 2014 4:24 PM To: Abel Goce; Thomas Turrin Subject: 1040 FY 2012 Favor: could you give me back-up for Bank of America 2012 interest expense deduction - statement 11, $5,748,204. I am looking for detail of plane loan and boat loan interest expense Thanks Richard Joslin, CPA CFO Black Family Partners, LP 445 Park Ave New York, NY 10022 (646) 589-0305 (ph) (203) 581-0509 (cell) CONFIDENTIALITY STATEMENT: The information contained in this electronic communication, including any and all attachments and enclosures, may be privileged and is strictly confidential, intended solely for the use of the person(s) identified above to receive this communication. If you are not the person(s) identified above to receive this communication, you are hereby notified that you may not disclose print, copy, disseminate, or otherwise use the information contained herein. If you are an employee or agent of the person(s) identified above to receive this communication and, as such, you have been authorized to deliver this communication to such person(s), you may disclose, print, copy, disseminate, or otherwise use the information contained in this communication solely for the purpose of such delivery. Unauthorized interception and/or use of this communication are/is strictly prohibited and may be punishable by law. If you have received this communication in error, please reply and EFTA00980134  notify the sender (only) of that fact and delete the communication, including any and all attachments and enclosures, from your computer or other electronic device on which you may have received this communication. CIRCULAR 230 DISCLOSURE: To insure compliance with requirements imposed by the Internal Revenue Service, we inform you that any tax advice contained in this communication (including any and all attachments), unless expressly stated otherwise, was not *********************************************************** 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 Richard Joslin, CPA CFO Black Family Partners, LP 445 Park Ave New York, NY 10022 (646) 589-0305 (ph) (203) 581-0509 (cell) EFTA00980135