Epstein Secrets

other electronic device on which you may have recewed this communication. CIRCULAR 230 DISCLOSURE: To insure compliance with requirements imposed by the Internal Revenue Service. we inform you that any tax advice contained in this communication (Including any and all attachments). unless expressly stated otherwise. was not i

21 PM To: Thomas Turrin Subject: Leon Black Torn, Do you have a copy of Leon's 2011 gift tax return? Thanks. Elyse Elyse G. Kirschner Partner McDermott Will & Emery LLP IRS Circular 230 Disclosure: To comply with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained herein (inclu

al with future circumstances. Tax Consequences A. Gift Tax Any gift you make to the trust will be a taxable gift and will need to be reported to the Internal Revenue Service on a gift tax return. . B. Generation-Skipping Transfer Tax The generation-skipping transfer ("GST") tax generally is imposed, in addition to any

a GST tax. Under current law, the GST exemption is $5.12 million. The GST tax is further discussed in II.B, below. U.S. practice conducted through McDermott Will & Emery LLP. 35983468-3.088835.0011 Dhl US EFTA00585838 C. Dispositive Provisions 1. Distributions The trust agreement provides that the trustees of the

e tax purposes, the trust may use Debra's social security number as its taxpayer identification number. As part of its effort to curb tax shelters, the Internal Revenue Service has issued regulations that impose sanctions on attorneys who provide informal written tax advice without prominently disclosing that the advice ca

vidual, the predeceased child's share of the assets will be paid in equal shams to his or her children then living. U.S. practice conducted through McDermott Will & Emery LLP. DM US 39870777-2.088835.0011 EFTA00586970 3. Remote Takers In the event the survivor of you is not survived by any of Debra's issue, any undi