EFTA01748958

From: Richard Kahn < IIII Subject: Jan 15 Estimated Tax Sent: Wednesday, January 14, 2015 9:36:23 PM To: "jeffrey E." <jeevacation@gmail.com> Jeanne and I reviewed our figures for tax year 2014 with Alan Dlugash today: Our conclusions are as follows: 1) we project for 2014 an overpayment of approximately 475,000 therefore no tax due for 2014 Q4 due January 15, 2015 2) we are in a protect situation so there will be no underpayment penalty as 2013 total tax due was 2,143,371 and he have paid in 6,161,622 which is more than 110% of 2013 tax due 3) originally we projected approximately 4,500,000 due in final quarter which was rough estimate - majority of difference was a result of 2013 overpayment of 2,715,810 Richard Kahn 11BRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 EFTA_R1_00045253 EFTA01748958