<table><tr><th>From:</th><th>Noam Chomsky</th></tr><tr><td>Sent:</td><td>Sunday, October 15, 2017 2:57 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Fwd: 2016 NOAM AND VALERIA CHOMSKY BUSINESS EXPENSES</td></tr></table>

Could you let us know whether this makes any sense?=<C2? Especially about no withdrawals until '23. Impossible to I=ve under that condition.

Noam

<=div>
Forwarded message
From: Nick Nichols <mailto: 
Date: Sat, Oct 14, 2017 at 2:28 PM
Subject: RE: 2016 NOAM AND VALERI= CHOMSKY BUSINESS EXPENSES
To: Valeria Chomsky <mailto: >, Matthew <mailto: >
Mazotas= <mailto: > = "Noam Chomsky <mailto: >"

Valeria,

Thank you; yes this is very helpful.=A0 But it is not as advantageous as I had hoped to find. See my summary schedule
below.

It would be very difficult to assert that you =eft MA permanently in January with this fact pattern.=/p>

If Arizona remains your permanent residence in=2018, at best we can do a part year MA residency until 10/22, and then AZ =or the remainder of the year. If AZ is not going to =e permanent, we will likely leave you as a full year MA resident for 2017.=u>

Therefore it would still be more advantageous =ot to take any more IRA withdrawals until after 10/23! And it still remains that the best solution to covering your 2017 ta= obligations on the withdrawals you've already made is to make an =dditional distribution that is completely applied as Federal and MA tax wi=hholdings. And then all future distributions should have an appropriate amount =f tax withholding.

Matt will be updating your 2016 tax return for=the additional information that you provided last night, and we will get b=ck to you on Monday with an update and a plan for getting your returns filed =n the nick of time!

Let me know if you have any questions.<=>

Nick

Chomsky 2017 Residency

Days

MA

AZ

Other

1/1/17 - 1/24

24

1/25-3/18

53

3/19 - 10/22

161

70

365

123

Subject: 2016 NOAM AND VALERIA CHOMSKY BUSINESS EXPENSES</=>

Please find attached the following files:<=u>

2016 AVRAM NOAM CHOMSKY BUSINESS EXPENSES (WITHOUT H=ME OFFICE EXPENSES)

2O16 CULTURAL VENTURES, LLC BUSINESS EXPENSES (Valer=a Chomsky)

Thanks.

Valeria Chomsky

Forwarded =essage ----------

From: Matthew Mazotas

Date: Fri, Oct 13, 2017 at 3:20 PM

Subject: RE: 2016 TAX RETURN- DUE DATE <u>10/16/17</u>

To: Noam Chomsky Valeria Chomsky

> Cc: Nick Nichols

Hi Noam and Valeria,

Have you been able to work on the business expenses?=Please send them to me when the list is ready.

Thanks,

Matt Mazotas

=u>

Abrams Little-Gill Loberfeld PC

Tel: ██████████████████

From: Noam Chomsky

## Subject: Re: 2016 TAX RETURN- DUE DATE 10/16/17

I'm not sure what is counted as business expense=. I know that in earlier years the accountant used to take part of t=e expenses of my house as business expenses, because I work at home most of the week, and also a large part of a summer cottage where = worked almost the entire time. We no longer have the summer cottage= but I do continue to work mostly at home. I don't know what oth=r categories of business expense there might be. What about trips abroad for conferences for which I paid almost =11 of the travel and living expenses?

On Wed, Oct 11, 2017 at 7:36 AM, Matthew Mazotas
wrote:

Hi Valeria and Noam,

The deadline is in a couple of days (the 16th4=up>) and we need time to process your return. Please send the expenses for=Noam's business ASAP.

Regards,

Matt Mazotas

=u>

Abrams Little-Gill Loberfeld PC

Tel:

From: Valeria Chomsky
Sent: Saturday, <u>Se</u> itember 30, 2017 11:51 PM
To: Nick Nichols
Cc: Matthew Mazotas Noam Chomsky

Subject: Fwd: FW: State of Residency

Could you tell us please the exact date when it has =o be filed?

## Subject: Re: 2016 TAX RETURN- DUE DATE 10/16/17 (cont.)

- File: forwarded email screenshot (multiple black redaction bars)
- Key residency points:
  - 2016: out of the State of Massachusetts for 69 days (national and international travels)
  - 2017: out of the State of Massachusetts for 108 days (national and international travels)
- Email header (parts redacted in image):
  - From: [redacted]
  - Date: Thu, Sep 28, 2017 at 1:10 PM
  - Subject: FW: State of Residency
  - To: [redacted]
  - Cc: [redacted]
- Other visible text:
  - A short sign-off line reading "Valeria"
  - Forwarded-message separator and opening greeting addressed to two recipients (names redacted)

Time is running out for the tax filing deadline for =our 2016 income tax returns. We haven't received any respons= to our requests for information for 2016, or the emails below concerning 2017 tax planning. I will separately forward you th= list of questions for 2016.

Please let us know when you will be able to provide =s the answers, and also confirm your new address in
Arizona. We have=also tried to call you, but consistently get messages that your voice mailbox has not been set up.

Thanks,

Nick

From: Nick Nichols
Sent: Thursday, September 21, 2017 1:30 PM
To: Valeria Chomsky ████████████████████████████████████████████████████████████████████████████████████████████████████████████████>; N=am Chomsky ████████████████████████████████████████████████████████████████████
Cc: Matthew Mazotas ████████████████████████████████████████████████

## Subject: Re: 2016 TAX RETURN- DUE DATE 10/16/17 (cont.)

Subject: State of Residency

Dear Noam and Valeria,

Following up on Matt's email for 2016, we al=o need to address my earlier questions about your state of residency for 2=17 so that we can do better tax planning and make estimated tax payments to the right state.

Without knowing the facts and circumstances, there a=e at least 3 possibilities, i.e.,

Arizona resident for the full year;

MA resident for the full year; or,

Part-year resident in each state.

Ideally, from the perspective of minimizing taxes, t=e full year of residency in AZ is best. See my earlier email b=low for more details.

Hopefully we can hear from you soon.</=>


Thanks,
Nick

From: Nick Nichols
Sent: Thursday, September 7, 2017 3:54 PM
To: 'Kathleen O'Malley' ; Matthew Mazot=s ; Noam Chomsky ; Valeria Chomsky

## Subject: Re: 2016 TAX RETURN- DUE DATE 10/16/17 (cont.)

Cc: Isabel Scharmer

>; Robert Katz

Subject: RE: Quarterly Estimates

Dear Noam and Valeria,

# Congratulations on your move to Arizona and your new=position at the University of Arizona!

We need to be concerned about tax payments for 2017,=as well as getting answers to our previous questions to be able to finaliz= your 2016 tax returns.

For now, focusing on 2017, Kate has confirmed that y=u have received $580,000 in IRA distributions without any tax withholdings= The penalty for not making timely estimated payments could be significant (in the 4 digit range). In the past we have bee= like the proverbial dog chasing its tail to catch up with tax payments an= attempting to eliminate those penalties.

The best recommendation that we can do right now to =void that is to make an additional IRA distribution and have it 100% appli=d to income tax withholding. Of course that's also an additional taxable distribution, but it's essentially no differ=nt that make distributions and then making estimated tax payments. T=e beauty of doing withholding is that the IRS will count it as being appli=d equally throughout the year, even by doing it now.

I also want to raise the question about your state o= residency. Arizona personal income tax rates are about 0.6% less th=n the Massachusetts rate. I was initially thinking that we could do two state returns, part-year residents of MA, and part-year re=idents of AZ. However, I also recall that in 2016 you had spen= a significant amount your Winter in AZ. So, were you also in AZ fro= January of 2017 to mid-April when you returned to Boston? And when did you leave MA to return to AZ? If you s=end enough time in AZ in 2017, we could consider making you a full-time re=ident of AZ. Given what we know about 2017 at the moment, that could=save about $6,000 in state income taxes. Please provide the dates you were in MA, AZ, and any other states or countries.=C2* 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 University for =our teaching; or, are they paying you as an independent contractor? =lease confirm what you expect for gross salary and any related tax withholdings.

# Congratulations on your move to Arizona and your new=position at the University of Arizona! (cont.)

Please let us know, and then we can work on refining=the calculation of the 2017 tax payments that we recommend, and we can coo=dinate with Bainco about the IRA tax distribution.

Thanks,

Nick & Matt

From: Kathleen O'Malley
Sent: Thursday, September 7, 2017 2:28 PM
To: Matthew <u>Mazotas</u>
Cc: Nick <u>Nichols</u>

<u>>. Isabel Scharmer</u>

Subject: RE: Quarterly Estimates

Hi Matt,

YTD withdrawals (total):

Noam Chomsky IRA      =C2      $513,000.00=/p>

Noam Chomsky Inherited IRA $67,000.00<=u>

There was a $150.00 deposit into Noam's IRA for=a litigation check, and there have been no withholdings for any of the IRA distributions.

Thank you,
Kate

From: Matthew Mazotas
Sent: Thursday, September 07, 2017 12:45 PM
To: Kathleen O'Malley <KOMalley@bainco.com <mailto:KOMalley@bainco.=om> >
Cc: Nick Nichols; Isabel Scharmer

# Congratulations on your move to Arizona and your new=position at the University of Arizona! (cont.)

Subject: RE: Quarterly Estimates

Hi Kate,=u>

Thank you, I hope you =id as well.

Can you please provide=me with the YID total of the distributions taken from Noam's IRAs =nd any tax withholding on those distributions?

The two trusts do not =eed any Q3 or Q4 estimates as they have overpayments that have been applie= to 2017.

Thanks,<=>

Matt<=u>

Matthew Mazotas

Supervisor=u>

Abrams Little-Gill Loberfeld PC=u>

CPAs & Business Advisors</=>

1330 Boylston Street Suite 510 <https://urldefense.proofpoint.com/v2/url?u==https-3A__maps.google.com_-3Fq-3D1330-2BBoylston-2BStreet-2BSuite-2B510-250=-2BChestnut-2B Hill-2C-2BMA-2B02467-26amp-3Bentry-3Dgmail-26amp-3Bsource-3D=&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-

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Tel.:

# Congratulations on your move to Arizona and your new=position at the University of Arizona! (cont.)

Fax:

Email:

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<table><tr><th>From: Kathleen O'Malley</th></tr><tr><td>Sent: Wednesday, September 06, 2017 3:47 PM</td></tr><tr><td>To: Matthew Mazotas</td></tr></table>

# Congratulations on your move to Arizona and your new=position at the University of Arizona! (cont.)

<u>Cc: Nick</u> Nichols ; Isabel Scharmer
; Rober= Katz

Subject: Quarterly Estimates

Hi Matt,

I hope you had a nice labor day weekend.

As we approach the September deadline for t=x estimates, we wanted to see if any estimated tax payments are due for the Chomskys. Please let me know if you need any additional inform=tion from Bainco.

Thank you,

Kate

Kathleen O'Malley<=b>

Client and Research Associate

699 Boylston Street <https://urldefense.proofp=int.com/v2/url?u=https-3A__maps.google.com_-3Fq-3D699-2BBoylston-2BStree=-26amp-3Bentry-3Dgmail-26amp-3Bsource-3Dg&d=DwMFaQ&c=euGZstcaT=llvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=HHkc42tzEvqQzoVpi9CGwDMjKOpl_pRP=fsfwcoov-Q&m=_JN5zmElok2ha2HKhXN4hnVYL0trXYKsSE2eQeLVxAk&s=Lky=zcpuzKXB8N7y32EpV2hlwcMxK00OkLQ-ZxqqWFKI&e=> | 10th=Floor | Boston, MA 02116

Direct<=span>

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# Congratulations on your move to Arizona and your new=position at the University of Arizona! (cont.)

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, lit, 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.

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.