From: Richard Joslin <
Sent: Wednesday, October 8, 2014 2:52 PM
To: jeffrey E.; lawrence delson
Subject: annualization
Attachments: nys estimated tax.pdf
Tom is annualizing income to avoid penalty He =s saying LDB earned
$50MM in Ql;
$70MM in April/May;
$10MM in June —Aug
$440MM Sept — Dec
Cash flow from Apollo is front loaded
Savings — $300K
Thoughts?
1
EFTA_R1_02148290
EFTA02715703