EFTA01984501

To: jeevacation©gmail.compeevacation©gmail.com]; Jeffrey Epsteinbeeyacation©gmail.corn] From: drsra Sent Thur 11/3/2011 12:25:25 AM Here is the latest concern. I don't know who wants me to transfer my Hardman Development stock back to Mike Hardman. My CPA says that does not eliminate my tax liability for the period during which I owned the stock. Worse, I will not be entitled to the tax returns on which the loss will be filed. My Tax lawyer found a case that shows I can't have the 1099 Forgiveness of Debt Income liability paassed on to me by the S Corp, but I would be entitled to claim the losses against future capital gains. He says it would be substantial and help recoup my lost money in tax savings. If I transter the stock then I will not have access to Hardman Development Tax Returns and therefore will get screwed out of the loss, but may get a personal 1099 and hammered by the IRS that way. I have to find out waht all this means, My tax lawyer (who is a close friend, by the way), says the Bank doesn't realize the mess they have stepped into and he feels confident that they cannot prevail in a lawsuit for deficiency judgment. I think I may go talk to Kranz with my tax lawyer, who Kranz knows and let the lawyer tell him everything to sec how he reacts. Thoughts? EFTA_R1_00474550 EFTA01984501