EFTA00939997.pdf

From: Valeria Chomsky To: "Jeffrey E." <jeevacation®gmail.com> Cc: Noam Chomsky Subject: Fwd: Our Tax Amount for 2015 and 2016 Date: Tue, 05 Dec 2017 02:15:20 +0000 This is the answer that we received today from the accountant, below. Does this make sense? Should we proceed how he suggests? Are the numbers in accordance with what Deborah and Max have been saying (that the Marital Trust paid part of the taxes)? Accountant information: Abrams Little-Gill Loberfeld PC CPAs & Business Advisors 1330 Boylston Street, # 510 Chestnut Hill, MA 02467 Phone FAX: Awarded 2017, 2016 & 2013 Five Star Wealth Manager Website: www.all-cpas.com Member of MSI Global Alliance: www.msiglobal.org Forwarded message From: Nick Nichols Date: Mon, Dec 4, 2017 at 4:30 PM Subject: RE: Our Tax Amount for 2015 and 2016 To: Noam Chomsky Cc: Valeria Chomsky , Matthew Mazotas Noam and Valeria, Sony, I must have somehow missed your original question; here's the answers with a few other details that may be helpful too. 2016: Total Income: $ 877,880 Federal Taxable Income: $ 826,318 EFTA00939997 Total Federal Tax: $ 279,493 Total MA Tax: $ 42,411 2015: Total Income: $ 587,392 Federal Taxable Income: $ 543,458 Total Federal Tax: $ 160,406 Total MA Tax: $ 28,320 2014: Total Income: $ 414,201 Federal Taxable Income: $ 363,174 Total Federal Tax: $ 106.909 Total MA Tax: $ 20,973 Of course I can provide more details if you want it. And we should be mindful of the need to do 2017 tax planning before the end of the year! The last information I saw indicated a significant federal tax liability, and a major shortfall in covering the liability. Several months ago I proposed an additional IRA distribution to have 100% of it go toward your tax liability. The purpose is to catch up, and to avoid a 4 figure underpayment liability. Can we get your consent to initiate that step? Also, the likely tax law changes that may, or may not, come to pass are still unpredictable. Most of the changes, maybe all, would not be effective until 2018, but that could change at the last minute in the negotiations among all the participants. Thanks, Nick From: Noam Chomsky [mailto Sent: Monday, December 4, 2017 12:30 PM To: Nick Nichols EFTA00939998 Cc: Valeria Chomsky Subject: Fwd: Our Tax Amount for 2015 and 2016 We haven't yet heard from you in response to this query. Could you please let us know about this Noam Forwarded message From: Valeria Chomsky <1 Date: Sun, Nov 12, 2017 at 8:30 PM Subject: Our Tax Amount for 2015 and 2016 To: Nick Nichols < Cc: Noam Chomsky Dear Nick, We are checking our own records. Could you please tell us what our total tax bill was (1) to the US government and (2) to the State of Massachusetts for the years 2015 and 2016. Thanks. Valeria Chomsky EFTA00939999