From: Richard Kahn
Sent: Tuesday, September 13, 2016 7:43 PM
To: Jeffrey E.
Subject: q3 estimated tax
Summary to date
4-15-2016 - we projected a balance due of =50,000 for 2015 tax return
balance to be =aid 5,000,000 (total income) x 40% = 2,000,000 / 4 = 500,000 + =50,000 for 2015 = 750,000
->amount paid 500,000
6-15-2016 - ->amount paid =50,000
9-15-2016 - after just completing =TC tax return we are now estimating 7,000,000 of non edc interest =ncome and
dividends for calendar year 2016
=/span> STC operations and consulting fees paid for calendar =ear will be approximately 2,500,000 resulting in pass
thru loss of that =mount offsetting interest and dividend income =nbsp;
min taxes to =e paid 4,500,000 x 40% = 1,800,000 / 4 = 450,000 x 3 quarters = =,350,000 plus projected 250,000 2015
balance due = =,600,000
Total to be paid per =ummary above =/span>1,600,000 Paid 4-15-2016 = ( 500,000) Paid =-15-2016 = ( =50,000)
Estimated amount due 9.15-2016 =/span> 850,000
Please advise amount to pay
Thank =ou
Richard Kahn
HBRK Associates Inc.
575 Lexington =venue 4th Floor
New York, NY 10022
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