<table><tr><th>From:</th><th>Richard Kahn</th></tr><tr><td>Sent:</td><td>Tuesday, December 5, 2017 6:17 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Fwd: Income tax payments due</td></tr></table>

Richard Kahn
HBRK Associates Inc.
575 =exington Avenue 4th Floor
New York, NY 10022
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Begin forwarded message:
From: =/b>Deborah Pechet Quinan
Subject: =/b>RE: Income tax =ayments due
Date: December 5, 2017 at 1:20:21 PM EST
To: =/b>Nick Nichols
Cc: "Noam Chomsky", "Valeria Chomsky", "Richard Kahn"

Thanks Nick.

Richard,

Can you help coordinate =he items Nick is requesting below, so that he can make a final =alculation and recommendation re split of tax payments? Please =dvise as to how to best proceed.

Best,
Deborah
Deborah Pechet Quinan, Esq. LL.M.

Key information from the email:

*   Sender: Nick Nichols
*   Recipient: Deborah Pechet Quinan
*   CC: Noam Chomsky, Valeria Chomsky, Richard Kahn
*   Date: Tuesday, December 05, 2017, 11:00 PM
*   Subject: RE: Income tax payments.
*   Sender Title: Shareholder, Chair, Trusts & Estates =roup
*   Sender Address: 255 State Street, 7th Floor Boston, MA 02109
*   Sender website: [www.riw.com](http://www.riw.com/)

Dear Deborah,

If I send you something today, it would be with the major =aveat that we don't have nearly enough information to calculate = Q4 payment with accuracy.

And more importantly, I've =uggested several times since August/September and as recently within =he past week, that I recommend that we make an additional IRA =istribution that is applied 100% to tax withholding. And I =mphasized that we need to do that before 12/31. Of course I =an't quantify the saving precisely, but it would save a =- figure federal underpayment penalty. A quarterly payment now =ould only "stop the clock" going forward on the penalty =alculation; but withholdings are deemed to be prorata throughout the =ear, hence no penalty and the hoped for cash savings.

We =on't have an estimate of their royalty incomes for 2017 (they =ere greater in 2016 than in 2015), Noam's income from teaching =n Arizona, etc, etc. Hopefully we will get some more information =hardy and we can update the projections.

I am not aware of any other significant =ources of cash to be able to make Q4 estimated payments. Noam =amp; Valeria, if you have some available cash that can be set =side to be applied as Q4 estimated payments so that we don't =ave to incur more taxable income with an IRA distribution, it would be =elpful. Let us know how much is available, and we can calculate =he ideal balance of IRA distribution (more taxable income) and other =esources (without additional taxable income).

Do you =now if the accounts have moved from Bainco yet? The last we knew =n September, they had not. If not we will want to coordinate the =ax payment/distribution with Bainco.

Thanks,

Nick

From: Deborah Pechet Quinan [mailto
Sent: Tuesday, December 5, 2017 =2:27 PM
To: Nick Nichols
Cc: Noam Chomsky

Subject: Income tax payments due

=aleria Chomsky

Richard Kahn

Importance: High

Dear Nick,

Could you please send me, at your very earliest convenience, =he estimated tax vouchers and payment amounts for Noam and Valeria, for =he tax payments that are currently due?

Best,
Deborah

Deborah Pechet Quinan, Esq. LL.M. Shareholder Chair, Trusts & Estates =roup 255 State Street 7th <u>Floor</u> I <u>Boston. MA 02109</u>

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