EFTA Document EFTA01927664

To: Jeffrey EpsteinUeevacationagmail.com] From: Richard Joslin Sent Fri 4/11/2014 11:56:30 AM Subject Fwd: Use tax primealobal color blktext taa1ine20d6.ioq 2013 ipatop100(2)41a2.jpq rem-newloao sm1f4.ono Fyi. Pls comment Begin forwarded message: From: Richard Joslin Date: April 11, 2014 at 7:50:48 AM EDT To: Thomas Turrin Cc: Abel Goce Eileen Alexanderson , Richard D'Agostino ax Subject: Re: Use tax I. Yes. Add "do Elysium Management" in address field (not name field) 2 yes. The trust does not have EIN. While grantor for income tax, not grantor for use tax. Filing without an ID number will complicate processing by NYS. 3. Use EIN 4. No. See explanation in #2. Thanks On Apr 10, 2014, at 5:14 PM, "Thomas Turrin" wrote: Rich, Just to clarify for the two trusts... Form forms ST-140....... 1. Do you want to use the 445 Park Avenue address? 2. For the 2006 Family Trust —we are using Leon's SS number 3. For the 1997 Family Trust — do you want to use the federal id number?....or Leon's SS number ? 4. Do you want to indicate Leon's name, as "grantor"? EFTA_R1_00375443 EFTA01927664 THANKS THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 1375 Broadway 018 (Direct line) (Fax) (Cell) Ernai : Websit From: Richard Joslin [ma4t2. Sent: Thursday, April 10, 2014 4:10 PM To: Thomas Turrin; Abel Goce Cc: Eileen Alexanderson; Richard D'Agostino; tax Subject: Use tax We will be paying use tax — unlike the past, the trusts will pay their own use tax on their acquisitions. Numbers are not 100% final but very close for the trusts and LDB/DRB may go up slightly. We need to pay by April 15 and we need to pay via extension or by filing use tx return. The thought is not to file a fiduciary income tax return for Federal as the 1997 Trust is ending via decanting in 2014. The 1997 Trust has an EIN number and can file a fiduciary return under the grantor trust reporting rules. The 2006 Trust does not have an EIN and under the grantor trust reporting rules, all income/expense items are reported on grantor' tax return and payors are notified of SSN. Ergo, the Trusts will file ST-140; LDS will pay use tax with IT-201. Please put these numbers on the forms/ extension — I will triple check the trusts to have the amount 100% accurate ACQUISITIONS - 2013 USE TAX PAYABLE TOTAL FY 2013 EFTA_R1_00375444 EFTA01927665 LDB FY 2013 ACQUISITION USE TAX 528,771 NARROWS 5,957,978 3,682,919 41,497,678 4,211,690 BLACK FAMILY 1997 TRUST 9,673,690 858,540 BLACK FAMILY 2006 TRUST 4,675,500 414,951 http://www.tax.ny.gov/oubs and bulls/tg bulletins/st/use tax for indivi duals.htm Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1901 New York, NY 10022 (w) (c) <rem- newlogo_sm I f4.png> <primeglobal_color_blktext_tagline20d6jp g> <2013 ipatop100(2 )4 laljpg> EFTA_R1_00375445 EFTA01927666 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 porMin(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 aretfis 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 Oil 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. EFTA_R1_00375446 EFTA01927667