EFTA01051532.pdf

From: "Jeffrey E." <[email protected]> To: Jeffrey Epstein <[email protected]> Subject: Fwd: Re: Date: Sat, 25 Mar 2017 23:50:24 +0000 Forwarded message --------- From: Jeffrey E. leevacation@gntn> Date: Thu, Feb 11, 2016 at 9:42 AM Subject: Re: Re: To: Richard Joslin Cc: Brad Wechsler Richard J Bronstein , "Melanie Spinella , John Castrucci , Joe Avantario richard you are an accountant , i only want numbers . accurate fully detailed numbers. . telling me the amount is slight ? is not a number , telling me the rate is 7.5 percent is not useful without the full description, . putting charter revenue in as minus costs. is not helpful, . putting fuel in at 975 an hour is just wrong. ? categorites of " other" . makes no sense without detailed footnotes. , explaining why payroll taxes for a month is not 1/12 of the year as opposed to 1/10th. . why have a variance column , if there is no budget.? where are total costs per hour? you have fixed and variable.. why have speed? silly silly silly On Thu, Feb 11, 2016 at 9:37 AM, Richard Joslin < > wrote: The 42 hours include both Part 91 and Part 135 hours. Part 135 is the charter component and that gives rise to charter revenue. From: Jeffrey E. [mailto:[email protected] Sent: Thursday, February 11, 2016 9:21 AM To: Brad Wechsler Cc: Richard J Bronstein Melanie Spinella ; John Castrucci ; Joe Avantario >; Richard Joslin < > Subject: Re: it says charter revenue only 312 but letter says apollo hours were 42 at 18k each hour? On Tue, Feb 9, 2016 at 6:41 PM, Brad Wechsler < > wrote: MEMORANDUM ATTORNEY-CLIENT PRIVLEDGE EFTA01051532 TO: Rick Bronstein CC: John Castrucci Leon Black Joe Avantario Rich Joslin FROM: Brad Wechsler Jeffrey Epstein DATE: February 9, 2016 Leon, 1. Attached, please find the January 26th memo on the airplane which was sent to you previously. It deals with Part 91 vs. 135 and attendant costs and income tax benefits. The office feels that with respect to income tax, Part 135 is more favorable, but not significantly so, i.e., between 0 and $400K depending on use. 2. Also included are detailed operating costs. These were previously sent to Jeffrey but not previously not sent to you. 3. The final note details the FET and sales tax consequences of moving from the current structure to a simplified structure. Were we to move to a very simple Part 91 only structure you could likely save $200Klyear but would have to own and operate the plane in your personal name (your insurance is sufficient, but there would be a certain lack of privacy). If you held the plane in a sole purpose LLC the aforementioned savings would disappear. If Jeffrey wants to take a deep dive, we have much detailed material and we would also suggest he speak to Rich J and our aviation attorney. 4. Bottom-line, a lot of work has been done and there is not a compelling answer, one way or another. Taking into account income tax attributes, sales tax attributes and ease of use attributes it's almost a push, though I would probably marginally favor Part 135. I believe Jeffrey favors Part 91, which in my mind, is a sufficient reason to go that route. We should discuss. Thanks EFTA01051533  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 jeeNS®gmail.com, 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 jeevacation®gmail.com, 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 EFTA01051534