EFTA Document EFTA01972701

To: Thomas Turrin Fran: Jeffrey Epstein Sent Tue 5/21/201312:33:37 PM Subject Re: Yes to idea, does 2513 apply to joint accts On Tuesday, May 21, 2013, Thomas Turrin wrote: Jeffrey, The reporting of gifts made by Leon on his return only is correct... Under Section 2513(a) of the Code, a gift by a husband to a third party is 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. However, this rule apolies only if both spouses have siithified their consent to its application. When the wife does not consent, the gift is ti (MI the husbalitkonly. I would, however, recommend that a different account be set up (not joint) — or perhaps a type of discretionary trust could be set up from which gifts can be made to whomever the grantor wishes — with no disclosure of donees on gift tax return necessary...the gift to the trust would be the reportable gift — I would discuss with estate and trust counsel. Trustee would make gifts in its discretion from trust account. Best, Tom EFTA_R1_0045041I EFTA01972701 THOMAS TURRIN, CPA Partner Raich Ende Matter & Co. LLP 1375 Broadway New York, New York 10018 (Direct line) (Fax) (Cell) Email Website: www.rem-co.com From: Jeffrey Epstein [mailto:[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 considered a 50/50 gift? On Mon, May 20, 2013 at 4:35 PM, Thomas Turrin wrote: it is my understanding that Leon signs all checks and makes all decisions regarding the account in question. EFTA_R1_00456412 EFTA01972702 THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 1375 Broadway New York, New York 10018 ext 404) (Direct line) (Fax) Cell) Email Website: www.rem-co.com From: Jeffrey Epstein [mailto:[email protected]] Sent: Monday, May 20, 2013 2:40 PM To: Thomas Turrin Subject: it appears many if not all of Icons gifts were made from a joint bank acct. ? were you aware of this, ? isn't half the gift attributable to Debra? ************************* EFTA_R1_00456413 EFTA01972703 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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00458414 EFTA01972704