EFTA01187236

From: "McCaffrey, Carlyn" czi To: " " , Eileen Alexanderson CC: "Kirschner, Elyse" <1 fr>, Jeffrey Epstein <jeevacation@gmail.com> Subject: [WARNING: MESSAGE ENCRYPTED]FW: Leon Black - form 709 Date: Sat, 17 Nov 2012 12:45:48 +0000 Attachments: LEON BLACK_-_GIFT TAX_RETURN_-_COPY_-_2011.pdf Inline-Images: image00 Lpng; image002jpg; image003jpg Leon's 709 shows that he still had $1.74 million of gift tax credit left at the beginning of 2012. Can one of you check to see if he's made any taxable gifts during 2012 so that we know how much he has left. If he hasn't made any further gifts, the simplest approach is probably to have him make a gift to his 1997 GST exempt trust. Carlyn S. McCaffrey I Partner McDermott Will & Emery LLP I 340 Madison Avenue, New York, NY 10173 www.mwe.com From: Kirschner, Elyse Sent: Friday, November 16, 2012 5:58 PM To: McCaffrey, Carlyn Subject: FW: Leon Black - form 709 Here's Leon's 2011 gift tax return (the code to open the return is 10018). Leon used $1.0 million of his gift tax credit through 2010. In 2011, he made taxable gifts of $2.374 million. So, he still has about $1.74 million of his credit left. He used $3.5 million of his GST exemption. He should just make a gift of $1.5 million to his 1997 GST exempt trust. Elyse G. Kirschner I Partner McDermott Will & Emery LLP 1340 Madison Avenue, New York, NY 10173 I www.mwe.com From: Thomas Turrin [mato Sent: Friday, November 16, 2012 5:34 PM To: Kirschner, Elyse Subject: RE: Leon Black - form 709 Elyse, The p/w is my office zip code. I will send Debra's on Monday. Best, Tom EFTA01187236 THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 1375 Broadway New York, New York 10018 Email: Website: www.rem-co.com From: Kirschner, Elyse [mailto: Sent: Friday, November 16, 2012 3:55 PM To: Thomas Turrin Subject: RE: Leon Black Thanks. Can you send me Debra's too? Elyse G. Kirschner I Partner McDermott Will & Emery LLP I 340 Madison Avenue, New York, NY 10173 www.mwe.com From: Thomas Turrin [mailto Sent: Friday, November 16, 2012 3:54 PM To: Kirschner, Elyse Subject: RE: Leon Black I will forward it to you a little later. THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 1375 Broadway New York. New York 10018 Email: Website: www.rem-co.com From: Kirschner, Elyse [mailto: Sent: Friday, November 16, 2012 3:21 PM EFTA01187237 To: Thomas Turrin Subject: Leon Black Tom, Do you have a copy of Leon's 2011 gift tax return? Thanks. Elyse Elyse G. 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