From: Richard Joslin

From: Richard Joslin To: Jeffrey E. lawrence delson Subject: FW: BJAV - Personal use Date: Thu, 14 Aug 2014 16:09:48 +0000 Attachments: hh mink 29 tcm 177 (1970).pdf; WK Actions on Decisions In re H H MINK amp_SON_BAG_CO_INC_ET_AL_File_ No AODAOD Number not available Nov 16 1970 AOD NUMBER Nov 16 1970.pdf Inline-Images: image001.png; image002.jpg; image003.png From: Richard Joslin Sent: Thursday, August 14, 2014 11:15 AM To: 'Thomas Turrin' Subject: RE: BJAV - Personal use Tom I attach commentary on the Tax Court memo decision. Please read that first. I also attach the AOD Let's discuss after you review From: Thomas Turrin [mailtc Sent: Wednesday, August 13, 2014 12:32 PM To: Richard Joslin Subject: BJAV - Personal use Attached is a case involving partner's personal use of vehicle where income was imputed for personal use. With aircraft, income also imputed for personal use (employees and partners). Another approach would be to pro-rate the expenses to third party usage. No matter what approach we use, the bigger issue is the vessel will probably never show a profit. I'm available to discuss. THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 1375 Broadway New York, New York 10018 (212)944-4433(ext (Direct line) (212)944-5404 (Fax) EFTA01204545 (Cell) Email: Website: www.rem-co.com RAICH ENDE MALTER ca LLP CERTIFIED PUBU ACCOUNTANTS 6 ADVISORS INSIDE Public ntin „ Top fs'i 10 0 •FIRMS PrimeGlobal An Association of IndependentAccounting Firms 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 andlor use of this communication arefis 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. EFTA01204546