EFTA02578535

From: Richard Joslin Sent: Tuesday, January 7, 2014 12:11 AM To: Jeffrey Epstein Subject: Fwd: 1040 FY 2012 As I surmised, no deduction for plane debt. No boat debt in 2012. This email came in as I was typing response. Forwarded messa e From: Thomas Turrin Date: Mon, Jan 6, 2014 at 6:45 PM Subject: RE: 1040 FY 2012 To: Richard Joslin <:= I>, Abel Goce > Plane loan interest was not deducted for 2012..per discussion with Pat Fenn, we both felt that it would be prudent to treat the plane as "in service" ..in business...once FAA Part 135 status is approved. Once 135 approved, the plane will be placed in service for depreciation purposes. Also, I don't think it would be appropriate to deduct the plane loan interest as investment interest. The boat loan is just being done ....not sure if completed yet...Eileen was working on it. We can discuss how to treat the interest expense ...the loan (according to my discussion with Eileen) was more of a loan to Leon that is collateralized by the vessel. How Leon uses the loan proceeds will decide tax treatment. The Bank of America interest on Schedule A (commonly referred to as "art loan") (collateral is Narrows LLC) is per the Bank of America statement..Abel will forward a copy of B of A 2012 interest (we get same statement from B of A every year). THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP Email: Website: www.rem•co.com 1 EFTA_R1_01752344 EFTA02578535 Original Message From: Richard Joslin [maiIto Sent: Monday, January 06, 2014 4:24 PM To: Abel Goce; Thomas Turrin Subject: 1040 FY 2012 Favor: could you give me back-up for Bank of America 2012 interest expense deduction - statement 11, $5,748,204. I am looking for detail of plane loan and boat loan interest expense Thanks Richard Joslin, CPA CFO Black Family Partners, LP CONFIDENTIALITY STATEMENT: The information contained in this electronic communication, including any and all attachments and enclosures, may be privileged and is strictly confidential, intended solely for 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 not disclose print, copy, disseminate, or otherwise use the information contained herein. If you are an employee or agent of the person(s) identified above to receive this communication and, as such, you have been authorized to deliver this communication to such person(s), you may disclose, print, copy, disseminate, or otherwise use the information contained in this communication solely for the purpose of such delivery. Unauthorized interception and/or use of this communication are/is strictly prohibited and may be punishable by law. If you have received this communication in error, please reply and notify the sender (only) of that fact and delete the communication, including any and all attachments and enclosures, from your computer or other electronic device on which you may have received this communication. CIRCULAR 230 DISCLOSURE: To insure compliance with requirements imposed by the Internal Revenue Service, we inform you that any tax advice contained in this communication (including any and all attachments), unless expressly stated otherwise, was not intended or written to be used and cannot be used for the purpose of (i) avoiding tax-related penalties imposed by the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction(s) or tax-related matter(s) addressed herein. This communication may not be forwarded (other than to the addressee(s) identified above) without our express written consent. Richard Joslin, CPA CFO Black Family Partners, LP 2 EFTA_R1_01752345 EFTA02578536 <?xml version="1.0" encoding="UTF-8"?> <IDOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/Propertylist-1.0.dtd"> <plist version="1.0"> <dict> <key>conversation-idgkey> <integer>278070</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1389053465</integer> <key>flags</key> <integer>8590195717</integer> <key>gmail-label-ids</key> <array> <integer>6</integer> <integer>2</integer> </array> <key>remote-id</key> <string>377955</string> </dict> </plist> 3 EFTA_R1_01752346 EFTA02578537