EFTA02520237

From: Thomas Turrin < Sent: Tuesday, May 21, 2013 12:15 PM To: Jeffrey Epstein Subject: RE: Re: Jeffrey, The reporting of gifts made by Leon on his return on=y is correct... Under Section 2513(a) of the Code, a gift by a husband to a third party =s considered to be made one-half by him and one-half by his wife as long as she is a citizen or resident of the US. =u>However, this rule applies only if both spouses have signified their con=ent to its application. When the wife does not consent, the gift is from the husband only. = I would, however, recommend that a different account=be set up (not joint) — or perhaps a type of discretionary trust cou=d be set up from which gifts can be made to whomever the grantor wishes =11; with no disclosure of donees on gift tax return necessary...the gi=t to the trust would be the reportable gift — I would discuss with =state and trust counsel. Trustee would make gifts in its discretion =rom trust account. Best, Tom <=p> <=p> <=p> <=p> <=p> 1 EFTA_R1_01656849 EFTA02520237 THOMAS TURRIN, CPA<=o:p> Partner Raich Ende Malter & Co. LLP 1375 Broadway</=> New York, New York 100=8 Email: <mailto Website: www.rem-co.com <http://www.rem-co.com> <=p> <=p> <=p> From: Jeffrey =pstein Imailto:[email protected] Sent: Monday, May 20, 2013 5:03 PM To: Thomas Turrin Subject: Re: if the money comes from a joint acct, isnt it consid=red a 50/50 gift? On Mon, May 20, 2013 at 4:35 PM, Thomas Turrin «= href="mailto target="_blank" </=» wrote: It is my understanding that Leon signs =II checks and makes all decisions regarding the account in question. </=pan> 2 EFTA_R1_01656850 EFTA02520238 THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 1375 Broadway<=p> New York, New York 10018<=:p> Email: <=a> <manta Website: www.rem-co.com <http://www.rem-co.com> From: Jeffrey Epstein imailt=ieevacation@gm=il.com <mailto:[email protected]> Sent: Monday, May 20, 2013 2:40 PM To: Thomas Turrin Subject: it appears many if not all of leons gifts were made from a joint b=nk acct. ? were you aware of this, ? isn't half the gif= attributable to Debra? 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 3 EFTA_R1_01656851 EFTA02520239 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved &n=sp; &=bsp; CONFIDENTIALITY STATEMENT=/strong>: The information c=ntained in this electronic communication, including any and all attachments and en=losures, may be privileged and is strictly confidential, intended solely f=r 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 =ot disclose print, copy, disseminate, or otherwise use the information con=ained herein. 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CIRCULAR 230 DISCLOSURE: To insure compliance with requirements imp=sed by the Internal Revenue Service, we inform you that any tax advice con=ained in this communication (including any and all attachments), unless expressly stated otherwise, was not intended or written to be used =nd cannot be used for the purpose of (i) avoiding tax-related penalties im=osed by the Internal Revenue Code or (ii) promoting, marketing, or recomme=ding to another party any transaction(s) or tax-related matter(s) addressed herein. This communication may not be f=rwarded (other than to the addressee(s) identified above) without our expr=ss written consent. 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 4 EFTA_R1_01656852 EFTA02520240