EFTA01822150.pdf

To: Jennie Saunder From: Jeffrey Epstein Sent Fri 10/23/2009 3:29:41 PM Subject: Re: FW: you tax return was due last week„ you extentionis only until oct 15 at the latest , be careful On Fri, Oct 23, 2009 at 11:08 AM, Jennie Saunders a wrote: Can u recommend ...sec below CORE: Jennie Saunders President and ChiefExecutive Officer 66 East 55th Street New York NY 10022 Main: I Mobile: CORE: twitter is now live! Keep up to date on everything CORE: at This message and any attachments, may contain confidential and/or legally privileged information. If you are not the intended recipient of the message by the original sender, please destroy it. Message and attachments copyright O 2008, all rights reserved. Any unauthorized dissemination, distribution or copying is strictly forbidden. Original Message From: Daniel Rabia Sent: Tuesday, October 20, 2009 1:58 PM To: Jennie Saunders Subject: RE: See the attached from Kathy Buzbee; it would seem that she filed 2008 extensions for you. Have you found a personal tax accountant? CORE: I Daniel Rabia I Chief Financial Officer' 66 East 55th Street. New York NY 10022 Main: Mobile: ax: CORE: twitter is now live! Keep up to date on everything CORE: at ----Original Message From: Jennie Saunders Sent: Tuesday, October 20, 2009 1:52 PM To: Daniel Rabia Subject: Have we extended my taxes from last yr EFTA_R1_00195558 EFTA01822150 CORE: Jennie Saunders President and Chief Executive Officer 66 East 55th Street New York NY 10022 Main: I Mobile: Forwarded message From: "Kathleen Buzbee" To: "Jennie Saunders" , "Daniel Rabia" Date: Tue, 7 Apr 2009 17:22:42 -0400 Subject: RE: Tax Returns et al I have been tied up all day on a major project that has to go tomorrow am. Based on your (Jennie's) assurance that you were and arc still a personal guarantor of the debt, I will overnight the 2005 NY amended return to you tomorrow. As long as the basis created by this guarantee still exists, then I do not have any professional concerns with issuing the 2005 amended return. Your 2008 personal returns were put on extension. Unless one of you needs to share any info that would directly impact the 2005 amended return, I think that this tele-con can wait until after Apr 15th. Kathleen F. Buzbee CPA/ABV, CVA, MST Principal Konowitz, Kahn & Company, P.C. 127 Washington Ave North Haven CT 06473-0190 Any tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of (i) avoiding penalties imposed under the United States Internal Revenue Code or (ii) promoting, marketing or recommending to another person any transaction or matter addressed herein. PRIVILEGED AND CONFIDENTIAL: This communication, including attachments, is for the exclusive use of addressee and may contain proprietary, confidential or privileged information. If you are not the intended recipient, any use, copying, disclosure, dissemination or distribution is strictly prohibited. If you are not the intended recipient, please notify the sender immediately by return email and delete this communication and destroy all copies. EFTA_R1_00195559 EFTA01822151 From: Jennie Saunders a Sent: Tuesday, April 07, 2009 5:12 PM To: Daniel Rabia; Kathleen Buzbee Cc: Joel Boff Subject: RE: Tax Returns et al Kathy -PLEASE let us know when u can speak ---as you mentioned there is a deadline to file for the refund and we feel confident that we have everything u need .... CORE: Jennie Saunders President and Chief Executive Officer I 66 East 55th Street New York NY 10022 Main: Mobile: <mailto: This message and any attachments, may contain confidential and/or legally privileged information. If you are not the intended recipient of the message by the original sender, please destroy it. Message and attachments copyright O 2008, all rights reserved. Any unauthorized dissemination, distribution or copying is strictly forbidden. From: Daniel Rabia Sent: Tuesday, April 07, 2009 11:38 AM To: 'Kathleen Buzbee' Cc: Jennie Saunders; 'Joel Boff Subject: RE: Tax Returns et al Hi Kathy, Jennie would like to join us on this call as well. Could you please advise as to your earliest availability? EFTA_R1_00195560 EFTA01822152 Thanks, Daniel CORE: Daniel Rabia Chief Financial Officer 66 East 55th Street New York NY 10022 Id: Im: IC: If: From: Daniel Rabia Sent: Monday, April 06, 2009 5:34 PM To: Kathleen Buzbee Cc: 'Joel BofF Subject: RE: Tax Returns et al Kathy, We just completed the call and I was hoping you are available for a conference call tomorrow morning with our tax preparer and I as we want to make sure we have all the facts straight so we can give you what you need to file Jennie's return. We will provide a dial in number for the call. Please advise as to your availability. Kind Regards, Daniel CORE: Daniel Rabia Chief Financial Officer 66 East 55th Street New York NY 10022 Id: Im: lc: If: EFTA_R1_00195561 EFTA01822153 From: Kathleen Buzbee I I Sent: Monday, April 06, 2009 3:25 PM To: Daniel Rabia Subject: RE: Tax Returns et al The return preparer of the partnership return is responsible for allocating the liabilities properly Kathleen F. Buzbee CPA/ABV, CVA, MST Principal Konowitz, Kahn & Company, P.C. 127 Washington Ave North Haven CT 06473-0190 Any tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of (i) avoiding penalties imposed under the United States Internal Revenue Code or (ii) promoting, marketing or recommending to another person any transaction or matter addressed herein. PRIVILEGED AND CONFIDENTIAL: This communication, including attachments, is for the exclusive use of addressee and may contain proprietary, confidential or privileged information. If you are not the intended recipient, any use, copying, disclosure, dissemination or distribution is strictly prohibited. If you are not the intended recipient, please notify the sender immediately by return email and delete this communication and destroy all copies. From: Daniel Rabia [mailto: Sent: Monday, April 06, 2009 3:23 PM To: Kathleen Buzbee Subject: RE: Tax Returns et al Do the recourse liabilities need to be itemized on her K-1 in order for her to have basis or can you allocate her proportionate share from the K-1 from TCCI to TCGM? EFTA_R1_00195562 EFTA01822154 CORE: Daniel Rabia Chief Financial Officer 66 East 55th Street New York NY 10022 Id: Im: Ic: If: From: Kathleen Buzbee Sent: Monday, April 06, 2009 3:17 PM To: Daniel Rabia Subject: RE: Tax Returns et al Because Jennie is (was?) the managing member of the LLC's and had personally guaranteed loans, the debts were allocated to her K-I in 2005 which then created basis for her to take the losses. The losses created a net operating loss in her return which allowed her to file a claim for refund of previous taxes paid. The timing issue comes as follows- if, in the future, the Club reaches the point when it makes income it will be allocated to Jenny until it offsets all losses previously allocated to her. This income is then included in her personal return in the year received, and can then be offset by the normal itemized deductions. Kathleen F. Buzbee CPA/ABV, CVA, MST Principal Konowitz, Kahn & Company, P.C. 127 Washington Ave North Haven CT 06473-0190 Any tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of (i) avoiding penalties imposed under the United States Internal Revenue Code or (ii) promoting, marketing or recommending to another person any transaction or matter addressed herein. PRIVILEGED AND CONFIDENTIAL: This communication, including attachments, is for the exclusive use of addressee and may contain proprietary, confidential or privileged information. If you are not the intended recipient, any use, copying, disclosure, dissemination or distribution is strictly prohibited. If you are not the intended recipient, please notify the sender immediately by return email and delete this communication and destroy all copies. EFTA_R1_00195563 EFTA01822155 From: Daniel Rabia [mailto: Sent: Monday, April 06, 2009 3:04 PM To: Kathleen Buzbee Cc: Jennie Saunders Subject: Tax Returns et al Hi Kathy, Jennie has asked me to follow up with you re your c-mail to her from yesterday. It turns out that the recourse and non-recourse liabilities are itemized on the K-1 from TCCI to TCGM (The Core Group Management) since that is where the PG's actually reside. In the K- I's we sent you we only included the K- l's in Jennie's name based on a call you and I had several weeks ago. One item we need clarity on is with regard to the following statement in your c-mail to Jennie: "I also had warned you many times that this refund was due to timing and that some day you would have to return it." What is the meaning of having to return the refund one day? Under what circumstances does the refund have to be returned? We have a call at 5pm to discuss with our tax preparer the open issues you have raised and would be great to know the answer to the above beforehand. EFTA_R1_00195564 EFTA01822156 I will forward a summary of the call to you and we can them determine if you are more comfortable filling Jennie's return as there is no material change other than ownership changes that took place in 2006. Thanks, Daniel CORE: Daniel Rabia Chief Financial Officer 66 East 55th Street New York NY 10022 Id: lc: If: DISCLAIMER Important! This message is intended for the above named person(s) only and is CONFIDENTIAL AND PROPRIETARY. If you are not the intended reci ient of this e-mail and have received it in error, please forward to with 'Received in Error' as the subject and then delete it from your mailbox. Accessing, copying or re- using any of the information contained in this e-mail by anyone other than the intended recipient is unauthorized. Thank you. Any tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of (i) avoiding penalties imposed under the United States Internal Revenue Code or (ii) promoting, marketing or recommending to another person any transaction or matter addressed herein. PRIVILEGED AND CONFIDENTIAL: This communication, including attachments, is for the exclusive use of addressee and may contain proprietary, confidential or privileged information. If you are not the intended recipient, any use, copying, disclosure, dissemination or distribution is strictly prohibited. If you are not the intended recipient, please notify the sender immediately by return email and delete this communication and destroy all copies. DISCLAIMER Important! This message is intended for the above named person(s) only and is CONFIDENTIAL AND PROPRIETARY. If you are not the intended reci ient of this e-mail and have received it in error, please forward to with 'Received in Error' as the subject and then delete it from your mailbox. Accessing, copying or re- using any of the information contained in this e-mail by anyone other than the intended recipient is unauthorized. Thank you. EFTA_R1_00195565 EFTA01822157 Any tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of(i) avoiding penalties imposed under the United States Internal Revenue Code or (ii) promoting, marketing or recommending to another person any transaction or matter addressed herein. PRIVILEGED AND CONFIDENTIAL: This communication, including attachments, is for the exclusive use of addressee and may contain proprietary, confidential or privileged information. If you are not the intended recipient, any use, copying, disclosure, dissemination or distribution is strictly prohibited. If you are not the intended recipient, please notify the sender immediately by return email and delete this communication and destroy all copies. DISCLAIMER Important! This message is intended for the above named person(s) only and is CONFIDENTIAL AND PROPRIETARY. If you are not the intended reci ient of this e-mail and have received it in error, please forward to with 'Received in Error' as the subject and then delete it from your mailbox. Accessing, copying or re- using any of the information contained in this e-mail by anyone other than the intended recipient is unauthorized. Thank you. Any tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of(i) avoiding penalties imposed under the United States Internal Revenue Code or (ii) promoting, marketing or recommending to another person any transaction or matter addressed herein. PRIVILEGED AND CONFIDENTIAL: This communication, including attachments, is for the exclusive use of addressee and may contain proprietary, confidential or privileged information. If you are not the intended recipient, any use, copying, disclosure, dissemination or distribution is strictly prohibited. If you are not the intended recipient, please notify the sender immediately by return email and delete this communication and destroy all copies. 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 jeevacation@gmail,com, and destroy this communication and all copies thereof, including all attachments. EFTA_R1_00195566 EFTA01822158