Re:

I still do not have a draft FBAR, I do =ot understand isle of mann, cayman law/ trust co. relation. ..=invoices paid where. ?, do we have all the papers for D= JPM, and Goldman Sachs?. jpm said all docs apart from power of attny still not compelte? . are we capitalizing money spent on house=. ? shouldn't it show in real esate valuation =ncrease. .? have we prepared a depreciation schedule for the airpla=e. ? recover past untaken.. ( special form ). , have we clos=d the books on april , if so i would like to see them today. =C2 thanks

FBAR:

Tom may revisions and posted to porta= yesterday. I reviewed and posed additional questions to Tom Turrin.=C2 Tom responded last night with comments at 8:02pm. I will speak to him this AM. Once we agree on presentation, I will g=ve you draft FBAR report.

Isle of man — please see atta=hed Moore Stephens memo re Isle of Man VAT registration. I will conf=rm with Captain Sputh that Isle of Man was chosen for VAT registration. Also attached is memo PW paralegal wrote on BJAV=which provides broad summary. Captain was contacted yesterday/=afternoon and I will look to speak to him today. He is on GMT =ime. Attached is a sampling of invoices. No invoices have ever been sent or mailed to 760 Park. All invoices come to family office =ia email from Captain Sputh. Sputh has had vendor relationships for =any years and some date back to Carl Ichan (CCI) ownership . l=will confirm with Captain Sputh how he receives invoices. I assembled 30 invoices for your perusal. Some invoices are clearly =mailed only as there is no address. Some use dock where boat is bert=ed. Some use CCI address of 767 Fifth Ave. Some use Captain Sp=th's address in Florida. Many use Cayman and Isle of Man addresses. A few use 760 Park. As for charters, S=uth has continued to use the same form as when used when captain for CCI.=C2 Generally the address used is 760 Park or 445 Park. =AO Note that CCI charters used CCI address on Fifth Ave. See a=tached page one for CCI charter and two recent BJAV charters. I will look to disc=ss with Sputh today the invoice address and the charter address. I a=ked EA for color on use of 760 Park and her review of her files was a dead=end.

For construction of SH Meadow (bay ho=se) , we are capitalizing into basis. We value this property at tax =asis on our books. For the townhouse we are doing same. We have these invoices and as such we review each to det=rmine capital vs expense. For other real estate we have valued=based on valuation guidance provided by JEE and/ or EA/ BJW. For inv=ices that we have access or have collected, we have capitalized but value the property rather than use tax basis (books). Miri=m had analyzed 760 improvements based on her records over the past several=years and she did not find a material amount. A more detailed review=is warranted for determining gain the 760 Park coop is sold. A project that needs to be completed is compiling all =nvoices for the Field House construction and derive a tax basis. =AO Also the insurance reimbursement information will be needed.

the charter invoices pg 1-3 show different ad=ress and one different name also on the one enclos=d it clearly says owner address new york and on this one suite=7??!!