From: Thomas Turrin To: Jeffrey Epstein <jeevacation@gmail.com> Subject: RE: Re: Date: Tue, 21 May 2013 12:15:12 +0000 Inline-Images: image001.png; image002jpg; image003jpg 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 applies only if both spouses have signified their consent to its application. When the wife does not consent the gift is from the husband only. 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 THOMAS TURRIN, CPA Partner Raich Ende Matter & Co. LLP Website: From: Jeffrey Epstein [malkolemacadon@gmall.00m] Sent: Monday, May 20, 2013 5:03 PM To: Thomas Turin Subject: Re: if the money comes from a joint acct, isnt it considered a 50/50 gift? EFTA01135697 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. THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 1375 Broadway New York, New York 10018 (212)944-4433(ext 404) (212)389-9816 (Direct line) (212)944-5404 (Fax) (917)670-4231 (Cell) Email: Website: From: Jeffrey Epstein [mailtojeevacSmkpin Sent: Monday, May 20, 2013 2:40 PM To: Thomas Turrin Subject: it appears many if not all of leons gifts were made from a joint bank acct. ? were you aware of this, ? isn't half the gift attributable to Debra? *********************************************************** 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. 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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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01135699