EFTA00679250.pdf

From: "McCaffrey, Carlyn" To: Jeffrey Epstein <jeevacation@grnail.com> Subject: RE: question for our 215 Date: Thu, 07 Feb 2013 17:11:35 +0000 Attachments: 20_NYCRR_526.7.doc Here's Mark's answer. With respect to the foreclosure question, under a NY regulation, the term sale includes "the transfer of tangible personal property in a repossession or foreclosure action." Note that the repossession of property by a mortgagee for the purpose of resale is not taxable (as a sale for resale). 20 NYCRR 526.7(a)(3) (attached). Carlyn S. McCaffrey I Partner McDermott Will & Emery LLP I 340 Madison Avenue, New York, NY 10173 +1 From: Jeffrey Epstein [rnalkoleevacadon@gmall.com] Sent: Thursday, February 07, 2013 11:49 AM To: McCaffrey, Carlyn Subject: question for our 215 did we get an answer on sales tax forclosure. could he replace with a demaind note. ? note secured by art. ? 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. 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 grip* IRS Circular 230 Disclosure: To comply with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained herein (including any attachments), unless specifically stated otherwise, is not intended or written to be used, and cannot be used, for the purposes of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter herein. This message is a PRIVILEGED AND CONFIDENTIAL communication. This message and all attachments are a private communication sent by a law firm and may be confidential or protected by privilege. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or use of the information contained in or attached to this message is strictly prohibited. Please notify the sender of the delivery error by replying to this message, and then delete it from your system. Thank you. **** fi n Please visit for more information about our Firm. EFTA00679250