EFTA02633465.pdf

From: Valeria Chomsky < Sent: Thursday, September 7, 2017 8:25 PM To: jeffrey E.; Noam Chomsky Subject: Fwd: Quarterly Estimates Dear Jeffrey, =s the approach below correct? "The best rerommendation that we can do right now to avoid that is to make an additiona= IRA distribution and have it 100% applied to income tax withholding. Of course that's also an ad=itional taxable distribution, but it's essentially no different th=t make distributions and then making estimated tax payments. The beauty of doing withholding is that the =RS will count it as being applied equally throughout the year, even by doi=g it now." Best. Forwarded message F=om: Nick Nichols «= href="mailtc " D=te: Thu, Sep 7, 2017 at 3:54 PM Subject: RE: Quarterly Estimates To:=Kathleen O'Malley < <mailto », Matthew Mazotas <mailto:MMazotas@all-=pas.com», "Noam Chomsky >, "Valeria Chomsky <mailto <valeria.chomsky@gm=il.com <mailto > >> Cc: Isabel Scharmer < <mailto:IScharmer@bain=o.com», Robert Katz < <mailto: >, " <mailto => c/a>" «a href=> I also want to raise the question about your s=ate of residency. Arizona personal income tax rates are about 0.6% less than the Massa=husetts rate. I was initially thinking that we could do two state returns, part-ye=r residents of MA, and part-year residents of AZ. However, I also recall that in 2016 you had spent a significant amou=t your Winter in AZ. So, were you also in AZ from January of 2017 to mid-April when you r=turned to Boston? And when did you leave MA to return to AZ? If you spend enough time in AZ in 2017, we could consider making you=a full-time resident of AZ. Given what we know about 2017 at the moment, that could save about $=,000 in state income taxes. Please provide the dates you were in MA, AZ, and any other states or=countries. It doesn't matter if those dates were for work or pleasure; =t's all about physical presence. Will you be receiving a W-2 from the Universit= for your teaching; or, are they paying you as an independent contractor?<=pan> Please confirm what you expect for gross salary and any related tax =ithholdings. Please let us know, and then we can work on re=ining the calculation of the 2017 tax payments that we recommend, and we c=n coordinate with Bainco about the IRA tax distribution. EFTA_R1_01856577 EFTA02633465 Thanks, Nick & Matt From: Kathleen O'M=Iley (mailto <mailto >1 Sent: Thursday, September 7, 2017 2:28 PM To: Matthew Mazotas < <mailto Cc: Nick Nichols < <mailto »; Isabel Scharmer < <mailto »; Rober= Katz <rkatz@bain=o.com <mailto Subject: RE: Quarterly Estimates Hi Matt, YTD withdrawals (total): Noam Chomsky IRA 4p=A0 $513,000.00 Noam Chomsky Inherited IRA $67,000.00 There was a $150.00 deposit into Noam's IRA for a litigation =heck, and there have been no withholdings for any of the IRA distributions= Thank you, Kate From: Matthew Mazotas (mailto <mailto > Sent: Thursday, September 07, 2017 12:45 PM To: Kathleen O'Malley < <mailto:K0Malley@bainco.=om» Cc: Nick Nichols < <mailto »; Isabel Scharmer < <mailto »; Rober= Katz mailto >> Subject: RE: Quarterly Estimates Hi Kate,=u> 2 EFTA_R1_01856578 EFTA02633466 Thank you, I ho=e you did as well. Can you please =rovide me with the YTD total of the distributions taken from Noam'= IRAs and any tax withholding on those distributions?=/p> The two trusts =o not need any Q3 or Q4 estimates as they have overpayments that have been=applied to 2017. Thanks,<=> Matt<=u> Matthew Mazotas Supervisor<=span> <=p> Abrams Little-Gill Loberfeld PC CPAs & Business Advisors Email: <mailto Web: www.all-cpas.com <https://urldefense.proofpoint.com/v2/url?u=http-3A__www.all-2D=pas.com_&d=DwMF- g&c=euGZstcaTDIlvimEN8b7jXrwqOf-v5A_CdpgnVfiiM=&r=n9MP4IpKjj5EW_vUSX3fiKHTx_d1FL2R2y- q_g_r4&m=A_BPS.ImnhzvSX=0f80jsliqEXHXRwNcBStfFY5W5ozY&s=xersG- DiTltAPUcr7Kg3dqbmKnGgV6c2K5WB=JSACGo&e=> =/p> 3 EFTA_R1_01856579 EFTA02633467 Member of MSI Global Alliance: www.msiglobal.org <https://urldefense.proofpoint.com/v2/url?u=http- 3A www.msiglo=aI.org_&d=DwMF-g&c=euGZstcaTDIlvimEN8b7jXrwqOf- v5A_CdpgnVfiiMM=amp;r=n9MP4IpKjj5EW_vIJ5X3fiKHTx_d1FLZR2y- q_g_r4&m=A_BPSJmnhzvSXn=fB0jsIiqEXHXRwNcBStfFY5W5ozY&s=jRAY0E1CcLx-RlyHQI24fUhfAGT3vN- oI0JuA=Urb70&e=> Click here <https://urIdefense.proofpoint.com/v=/urI?u=https-3A_aII-2Dcpas.sharefiIe.com_r- 2Drc078fccfed745c9a&d==wMF-g&c=euGZstcaTDlIvimEN8b7jXrwqOf- vSA_CdpgnVfiiMM&r=n9MP4IpK=j5EW_vIJ5X3fiKHTx d1FLZR2y- q_g_r4&m=A_BPSJmnhzvSXn0fB0jsliqEXHXRwNc=StfFYSW5ozY&s=xgX2qt7fYlLc-8Ft637k- mqjo7iT57V967K0ySrd71Y&e=> to upload files securely. <https://urIdefense.proofpoint.com/v2/urI?==https-3A_www.facebook.com_aIIcpas&d=DwMF- g&c=euGZstcaTDIIv=mEN8b7jXrwqOf- v5A_CdpgnVfiiMM&r=n9MP4IpKjj5EW_vlJ5X3fiKHTx_d1FLZR2y=q_g_r4&m=A_BPSJmnhzvSXn0fB0jsIiqEXHXRwNcBStfF Y5W5ozY&s=11ARIB8=YxYosSDMCjD2NNxEi-vg5plkDz-A3KKyv3M&e=> <https://urldefense.proofpoint.co=/v2/urI?u=https-3A_twitter.com_allcpas&d=DwMF- g&c=euGZstcaT=.IIvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=n9MP4lpKjj5EW_vlJ5X3fiKHTx_d1FL=•R2y- q_g_r4&m=A_BPSJmnhzvSXn0fB0jsIiqEXHXRwNcBStfFY5W5ozY&s=FqX=j_W0zIUE7bWGCoi9sdR_3b5ifeyBuK3H8Mh4Fxg &e=> <https://urldefense.proofp=int.com/v2/url?u=https-3A_www.linkedin.com_company_abrams-2Dlittle-2Dgi=l- 2Dloberfeld-2Dpc&d=DwMF-g&c=euGZstcaTDIlvimEN8b7jXrwqOf- v5A_=dpgnVfiiMM&r=n9MP4IpKjjSEW_v1I5X3fiKHTx_d1FLZR2y- q_g_r4&m=A_B=SlmnhzvSXn0fB0jsliqEXHXRwNcBStfFY5W5ozY&s=cuDaepaHhh- kZHVNN0FtJAVLIKt=bigWFgkxE_zBsQTs&e=> 4,=A0 <https://urldefense.proofpoint.com/v2/url?u=htt=s- 3A_www.instagram.com_allcpas_&d=DwMF-g&c=euGZstcaTDIlvimEN8=7jXrwqOf- v5A_CdpgnVfiiMM&r=n9MP4lpKjj5EW_vlJ5X3fiKHTx_d1FLZR2y- q_g_=4&m=A_BPSJmnhzvSXn0fB0jsliqEXHXRwNcBStfFY5W5ozY&s=tSM_0CazHwES=N9N_LIVNOV0TZkp3UmndeW9Yal ADCY&e=> From: Kathleen O'Malley [mailto Sent: Wednesday, September 06, 2017 3:47 PM To: Matthew Mazotas < <mailto >> Cc: Nick Nichols < <mailto »; Isabel Scharmer < <mailto »; Rober= Katz ■ <mailto >> Subject: Quarterly Estimates Hi Matt, I hope you had a nice labor day weekend. 4 EFTA_R1_01856580 EFTA02633468 As we approach the September deadline for tax estimates, =e wanted to see if any estimated tax payments are due for the Chomskys. Pl=ase let me know if you need any additional information from Bainco. Thank you, Kate Kathleen O'Malley Client and Research Associate=/span> <tel Main I <tel: firect=/u> www.bainco.com <https://urldefense.proofpoi=t.com/v2/url?u=http-3A__www.bainco.com_&d=DwMF- g&c=euGZstcaT=llvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=HHkc42tzEvqQzoVpi9CGw0MjKOpI_pRP=fsfwcoov-Q&m=E- mb18srQJuR1STGdjl8qaXshy4kRQa_vPSq2j7OlPE&s=RSY=m_cLOnr9rV43xeXOvRBRS54a9AFnGmlrCTgdYhE&e=> <mailto > <=pan style="font-size:8ptfont-family:liberation Sans';color:bla=k"> <https://urldefense.proofpoint.com/v2/url?==https-3A www.bainco.com_bainco-2Dnamed-2D2017-2Dfinancial- 2Dtimes-2D30=-2Dtop-2Dregistered-2Dinvestment-2Dadvisers_&d=DwMF-g&c=euGZst=aTDllvimEN8b7jXrwqOf- v5A_CdpgnVfiiMM&r=HHkc42tzEvqQzoVpi9CGwDMjKOpI_=RPAfsfwcoov-Q&m=E- mb18srQJuR1STGdjI8qaXshy4kRQa_vPSq2j7OlPE&s==UV8ju7FlSDcENUeNBN4rHs71kVBzo2YKC_YfaSVhJw&e=> This communication is for informational purposes only. It is not intended a= an offer or solicitation for the purchase or sale of any security or fina=cial instrument or as an official confirmation of any transaction. Market =rices, data and other information are not warranted as to completeness or accuracy and are subject to change=without notice. The comments or statements made herein do not necessarily =eflect the opinions of Bainco International Investors, LLC, its subsidiari=s and affiliates. The email may contain confidential or proprietary information. If you are not the intend=d recipient of this email, please immediately reply to the sender and make=the sender aware of the mistake and then delete the email.</=pan> This communication is for informational purposes only. It is not intended a= an offer or solicitation for the purchase or sale of any security or fina=cial instrument or as an official confirmation of any transaction. Market =rices, data and other information are not warranted as to completeness or accuracy and are subject to change=without notice. The comments or statements made herein do not necessarily =eflect the opinions of Bainco International Investors, LLC, its subsidiari=s and affiliates. The email may contain confidential or proprietary information. If you are not the intend=d 5 EFTA_R1_01856581 EFTA02633469 recipient of this email, please immediately reply to the sender and make=the sender aware of the mistake and then delete the email.g=pan> 6 EFTA_R1_01856582 EFTA02633470