EFTA00912920

From: Richard Kahn To: "Jeffrey E." <jeevacation@gmail.com> Subject: Fwd: financial statement Date: Fri, 12 Jan 2018 13:29:09 +0000 Attachments: 2015_&_part_2016-_Marine_Expenses.pdf Inline-Images: image001.png; image002.png; image003.png; image004.png Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell Begin forwarded message: From: Matthew Mazotas < Subject: RE: financial statement Date: January 12, 2018 at 8:25:35 AM EST To: Richard Kahn < Cc: "Noam Chomsky ( "Valeria Chomsky Ira" < , "Nick Nichols" <NickN©,all- Hi Richard, I wanted to follow up about the marine expense. Please see the attached breakdown. There are only three payees, who are very clearly related to the boating industry. Please note that this project was last updated with August of 2016 information. Please let me know if you have any questions. Regards, Matthew Mazotas Supervisor ALL CPAs Tax - Accounting - Advisory 1330 Boylston Street Suite 510 Chestnut Hill MA 02467 Tel.: Email: EFTA00912920 Web: Member of MSI Global Alliance: www.msiglobal.org Click here to upload files securely. From: Nick Nichols Sent: Monday, January 8, 2018 4:04 PM To: Richard Kahn Cc: Noam Chomsky ).c ; Valeria Chomsky >; Matthew Mazotas Subject: FW: financial statement Dear Richard, Following up on our phone conversation a few minutes ago, here is the very incomplete draft of 2017 financial statements for Noam and Valeria. forwarding this to you as he had already sent this draft to Noam and Valeria, essentially as we were speaking. Adding a few additional comments, the IRAs are at Bainco, not BNY Mellon. That's merely a drafting gremlin from using a format from an earlier project. Also, there is an MIT retirement benefit that Noam receives, but we don't know the details of plan, i.e., is there an account balance that will survive him as part of his estate, or is a classic pension plan that ceases at his death, or perhaps with some survivor benefit that would continue to Valeria assuming she is living at that moment. The income from this plan was $32,206 in 2016, and the formal title of the plan is the "Mass Inst of Tech Basic Retirement Plan" per the 1099-R. I am also attaching a PDF copy of the revenue and expense project that we did for 2015 & part of 2016. I do see that there is a line item called "Marine Expenses". I didn't recall that detail when you asked me about it. Those categories came from payee descriptions on checks (or credit card categories). This was last updated in the fall of 2016, and we didn't get any questions or feedback after that. This is probably a stretch, but note that there is also a line item called moving expenses. Perhaps "marine" was a misinterpretation for "moving". Or ? I will ask Matt to dig deeper into the details that supported this summary page. EFTA00912921 Thanks, Nick From: Matthew Mazotas Sent: Monday, January 8, 2018 3:08 PM To: Nick Nichols < >; Noam Chomsky Cc: Valeria Chomsky < Subject: RE: financial statement Hi Noam and Valeria, Attached please find a first draft of the requested statements. Please be aware that these are based on information that we have and are not complete. Various items on the balance sheet are outdated because they are based on the latest statements we have, usually from 2016. Please look over the items, gather the most recent bank, credit card, or investment statements, and send them to us so we can give you a more up to date balance sheet. For the income statement, we used the amounts we had from your 2016 tax return. The 2017 amounts are based on items we gathered during the start of planning for the yearend, and could have changed by this point. All items are based on the tax return and does not take into account personal expenses that are not tax deductible. Please give us an idea of personal items and expenses so we can add them to the statement. Please let me know if you have any questions. Regards, Matthew Mazotas Supervisor ALL CPAs Tax - Accounting - Advisory 1330 Boylston Street Suite 510 Chestnut Hill, MA 02467 Tel.: Email: Web: Member of MSI Global Alliance: www.msiglobal.org Click here to upload files securely. EFTA00912922 From: Nick Nichols Sent: Wednesday, January 3, 2018 10:40 AM To: Noam Chomsky < Cc: Valeria Chomsky >; Matthew Mazotas Subject: RE: financial statement Dear Noam and Valeria, We can put something together, but a reasonably accurate balance sheet is a bit more complicated because the tax return focus is oriented to the income statement, not the balance sheet. We can do a first draft to share with you and then tweak based on your additional inputs. Also, we need to get your Arizona mailing address. I suspect that you will be happy to be there tomorrow since we're due to get a foot of snow! Thanks, Nick From: Noam Chomsky [mailto Sent: Wednesday, January 3, 2018 10:27 AM To: Nick Nichols Cc: Valeria Chomsky Subject: financial statement Could you please send us a current financial statement; a balance sheet for 2017 and a rough income statement for 2016 and 2017. Just for us, not to be shared with anyone else. Thanks. Noam EFTA00912923