EFTA02714973.pdf

From: Richard Joslin Sent: Wednesday, April 23, 2014 10:00 AM To: Jeffrey Epstein Subject: FW: Use tax Attachments: FORM IT-135 - DETAIL - BACK UP FOR ST-140.pdf Tom did not fill out Form ST-135 when returns filed nor has he done so=when use tax paid with IT-201(similar disclosure requirements). I w=11 provide agent with info today From: Thomas Turrin [mailto Sent: Monday, April 21, 2014 12:56 PM To: Richard Joslin Cc: tax Subject: FW: Use tax Rich, I received a call from=NYS Sales Tax re: ST-140 filed last week...for the 97 Famil= Trust. They want a form IT-13= attached showing the detail of the total purchases shown on form ST-140. I suspect that they wi=1 want the same for the 2006 Family Trust. The NYS agent (Kevin B=rry) said he is not holding up the processing of the ST-140... he=simply asked that the IT-135 be completed an= mailed...to be sent to ... Att: Mr. Kevin B=rry...at the address below... =nbsp; NYS TAX DEPARTMENT<=p> EFTA_R1_02143665 EFTA02714973 TRANSACTION DESK AUDIT BUREAU -=CASUAL SALES UNIT W A HARRIMAN CAMPUS=/p> BUILDING 9, ROOM 328 ALBANY NY 12227 You probably don—t need us to prepare this form...but we will prepare if you =ish us to (form attached). Technically, this form=should be attached to IT-201also, though, we've never been ask=d for it before... even by NYS auditor on=the audit of 09 and 10. Let me know if you wan= help with this. Tom<=p> THOMAS TURRIN, CPA<=p> Partner Raich Ende Malter & =o. LLP 1375 Broadway<=o:p> New York, New York =0018 2 EFTA_R1_02143666 EFTA02714974 Website: www.rem-co.com<=p> From: Richard =oslin Sent: Thursday, April 10, 2014 4:10 PM To: Thomas Turrin; Abel Goce Cc: Eileen Alexanderson; Richard D'Agostino; tax Subject: Use tax We will be paying use tax — unlike the past, t=e trusts will pay their own use tax on their acquisitions. Numbers are not 100% final but very close for the tr=sts and LDB/DRB may go up slightly. We need to pay by April 15 and we need to pay via ex=ension or by filing use tx return. The thought is not to file a fidu=iary income tax return for Federal as the 1997 Trust is ending via decanti=g in 2014. The 1997 Trust has an EIN number and can file a fiduciary return under the grantor trust reporting r=Ies. The 2006 Trust does not have an EIN and under the grantor trust=reporting rules, all income/expense items are reported on grantor1M2 ? • in? A 0 A? Rye? ?fl AMR • fl Ergo, the Trusts will file ST-140; LDB will pa= use tax with IT-201. Please put these numbers on the forms/ extension :=11; I will triple check the trusts to have the amount 100% accurate</=:p> ACQUISITIONS - 2013 USE TAX PAYABLE TOTAL FY 2013=o:p> FY 2013=o:p> 3 EFTA_R1_02143667 EFTA02714975 USE ACQUISI=ION TAX LDB =nbsp; 5,957,978 =nbsp; &nb=p; 528,771 NARROWS =nbsp; 41,497,678 =nbsp; 3,682,919 =/o:p> =nbsp; 4,211,690 =/o:p> BLACK FAMILY 1997 TRUST =nbsp; 9,673,690 =nbsp; &nb=p; 858,540 BLACK FAMILY 2006 TRUST =nbsp; 4,675,500 =nbsp; &nb=p; 414,951 http://www.tax.ny.gov/pubs_and_bul=s/tg_bulletins/st/use_tax_for_indiyiduals.htm <http://www.tax.ny.goy/pubs_and_bulls/tg_b=lletins/st/use_tax_for_individuals.htm> 4 EFTA_R1_02143668 EFTA02714976 Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1901 New York, NY 10022 =img border="0" width="350" height="37" id="_x0000_i1026" src="ci=:primeglobal_color_blktext_tagline4823.jpg"> =nbsp; CONFIDENTIALITY STATEMENT=/strong>: The information c=ntained in this electronic communication, including any and all attachments and en=losures, may be privileged and is strictly confidential, intended solely f=r 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 =ot disclose print, copy, disseminate, or otherwise use the information con=ained herein. 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CIRCULAR 230 DISCLOSURE:<=strong> To insure compliance with requirements impos=d by the Internal Revenue Service, we inform you that any tax advice contained =n this communication (including any and all attachments), unless expressly=stated otherwise, was not intended or written to be used and cannot be use= for the purpose of (i) avoiding tax-related penalties imposed by the Internal Revenue Code or (ii) promoti=g, marketing, or recommending to another party any transaction(s) or tax•r=fated matter(s) addressed herein. This communication may not be forwarded =other than to the addressee(s) identified above) without our express written consent.</=> =0:p> 5 EFTA_R1_02143669 EFTA02714977