EFTA02549448

From: Richard Kahn < Sent: Thursday, December 7, 2017 7:19 PM To: Jeffrey E. Subject: Fwd: 2016 tax payments Importance: High Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b Subject: =/b>FW: 2016 tax =ayments Date: =/b>December 7, 2017 at 2:22:16 PM =ST To: ./b>"Noam Chomsky Cc: "Valeria Chomsky < Dear Noam, >, "Richard Kahn Richard has requested =hat I request from Max $150,000 for 2017 estimated federal tax =ayments. He has not provided me with a Massachusetts figure that =e wants me to request. Nick Nichols has advised that if the =stimates for 2017 are paid from your IRA, four figure tax penalties may =e avoided. Of course a distribution from the IRA will incur a tax =tself; therefore Nick also advises that he should calculate the balance =etween the IRA and non-IRA assets (i.e. the marital trust) to pay the =stimates. Please see Nick's email of 12/5/17 at 1:11 p.m. Please confirm =hat you want me to follow Richard's instruction that a $150,000 =istribution should be taken from the marital trusts to pay your 2017 =stimates, and that you do not want to follow Nick's advice that =he estimate EFTA_R1_01704681 EFTA02549448 be taken from your IRA and the marital trust in some =roportion that Nick needs to calculate to avoid =enalties and minimize income taxes. If you do want to follow =ick's advice I will follow-up with him. Richard has requested =hat Max distribute an amount to you from the trusts of the amounts paid =or your 2016 income taxes from your IRA and for the penalties your =ncurred for tax year 2016. According to the information I have =eceived from Matthew Mazotas this amount is $109,271. Please =onfirm that you want me to request this distribution from the trust =rom Max. Please note that you =nd Valeria are my clients, and I cannot take direction from Richard =ith respect to your personal income tax matters without confirming the =ction with you first. I am working as fast as I can within the =arameters of my duty to you which is paramount in all =atters. I appreciate your =arliest convenient response and am available to speak by phone if that =ould be easier. Many thanks, Deborah Deborah Pechet Quinan, Esq. =L.M. Shareholder Chair, Trusts =amp; Estates Group 255 State Street, =th Floor I Boston, MA 02109 www.riw.com I BIO From: Richard Kahn (mailto Sent: Thursday, December 07, 2017 =2:16 PM To: Deborah Pechet Quinan Subject: Re: 2016 tax payments deborah, i have asked for 2017 estimates you asked =or 2016 please do so immediatly thank you Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 2 EFTA_R1_01704682 EFTA02549449 On Dec 7, 2017, at =1:54 AM, <mailto Richard, Please review the emails from Nick and me =ver the last couple of days re 2017 estimates. Please respond to the email I sent you =esterday at 1:56 p.m. > wrote: Perhaps we should speak =n order clear this up. I can proceed to email Max when I have the =uidance I need from you and then confirmation from Noam. Please let me know a convenient time to =peak this afternoon after 2:00 p.m. and I will proceed to email Max =rom that call. Deborah Deborah Pechet Quinan, Esq. =L.M. Shareholder Chair, Trusts & =states Group 255 State Street, 7th =loor I Boston, MA 02109 Assistant - Jayne Mahoney: cimage001.gif> From: Richard Kahn imailto Sent: Thursday, December 07, 2017 =0:38 AM To: Deborah Pechet Quinan Subject: Re: 2016 tax =ayments what is the estimate for 2017? you should demand both years as i said yesterday, 150k will be used as a credit if =oo much... every day goes by and so far no results =t all... Richard Kahn HBRK =ssociates Inc. 575 Lexington Avenue 4th =loor New York, NY 10022 BIO 3 EFTA_R1_01704683 EFTA02549450 wrote: Valeria Chomsky On Dec 6, 2017, at =:03 PM, <mailto Thank you Matthew. Best, Deborah Deborah Pechet Quinan, Esq. =L.M. Shareholder Chair, Trusts & =states Group 255 State Street, 7th =loor 1 Boston, MA 02109 <image002.gif> I BIO From: Matthew Mazotasimailto Sent: Wednesday, December 06, =017 9:18 AM To: Deborah Pechet Quinan; Nick =ichols Cc: Richard Kahn ; Noam Chomsky Subject: RE: 2016 tax =ayments Hi=Deborah, Below is the 2016 information you =equested. > > >1 Federal: Q2 Estimate- $43,000- Amount was distributed =rom IRA on 6/15/16 to make payment. Q4 Estimate in Jan- $60,000- Amount was =istributed from IRA around 1/5/17 to make payment. Extension Payment- $175,000- Electronically =ithdrawn from BoA around 4/18/17. 2015 Overpayment Applied to 2016 Tax- =74,059 2016 Estimated Tax =enalty- $204 (reduced the 2016 carryforward) Massachusetts: Q2 Estimate- $6,000- Amount was distributed from =RA on 6/15/16 to make payment. Q4 Estimate- $12,000- Paid in December 2016 by =aleria from Bank of America account. Extension Payment- $25,000- Electronically =ithdrawn from BoA around 4/18/17. 4 EFTA_R1_01704684 EFTA02549451 2015 Overpayment Applied to 2016 Tax- =42,411 2016 Underpayment of =stimated Tax Penalty- $67 (reduced the 2016 carryforward) If you have any questions, please let me =now. Regards, Matthew Mazotas Supervisor Abrams =ittle-Gill Loberfeld PC CPAs & Business Advisors 1330 Boylston Street Suite 510 Chestnut Hill, MA 02467 Member of MSI Global Alliance: www.msiglobal.org Click here to upload files =ecurely. <i mage003.png> <https://www.facebook.com/allcpas> <image004.png> <image005,png> cimage006.png> <image007.png> <https://goo.gl/BuLtKV> From: Deborah Pechet Quinan (mailto Sent: Tuesday, December 5, 2017 =:50 PM To: Nick Nichols Cc: Richard Kahn ( ; Valeria Chomsky >; Matthew Mazotas =lt Subject: 2016 tax =ayments Dear Nick, <mailto > >; Noam Chomsky > > Could you or Matthew please send me all amounts and dates of =ax payments and penalties that Noam made for the 2016 tax year for both =ed and MA purposes at your very earliest convenience. Thanks, Deborah Deborah Pechet Quinan, Esq. =L.M. Shareholder Chair, Trusts & =states Group 255 State Street, 7th =loor Boston, MA 02109 Assistant - Jayne =ahoney: 5 EFTA_R1_01704685 EFTA02549452 Office: = <image002.gif> NOTICE: This email with its attachments, if any, =s intended solely for permitted use by authorized recipients. If you =re not an authorized recipient of this email, your retention, =ransmission, disclosure, or use of this email is prohibited. If you =eceived this email in error, please notify the sender and delete this =mail and its attachments from your devices and systems. NOTICE: This email with its attachments, if any, is intended =olely for permitted use by authorized recipients. If you are not an =uthorized recipient of this email, your retention, transmission, =isclosure, or use of this email is prohibited. If you received this =mail in error, please notify the sender and delete this email and its =ttachments from your devices and systems. NOTICE: This email with its attachments, =f any, is intended solely for permitted use by authorized recipients. =f you are not an authorized recipient of this email, your retention, =ransmission, disclosure, or use of this email is prohibited. If you =eceived this email in error, please notify the sender and delete this =mail and its attachments from your devices and systems. NOTICE: This email with its attachments, =f any, is intended solely for permitted use by authorized recipients. =f you are not an authorized recipient of this email, your retention, =ransmission, disclosure, or use of this email is prohibited. If you =eceived this email in error, please notify the sender and delete this =mail and its attachments from your devices and =ystems. 6 EFTA_R1_01704686 EFTA02549453