<table><tr><th>From:</th><th>Barry J. Cohen</th></tr><tr><td>Sent:
To:</td><td>Wednesday, September 20, 2017 7:38 PM
Jeffrey E.</td></tr><tr><td>Cc:</td><td>Melanie Spinella ); Brad Wechsler</td></tr><tr><td>Subject:</td><td>EY audit experie</td></tr></table>

Here is the summary we have on audit experience of o=r EY team.

John Cook —= Partner PCS

• 2 or 3 High Wealth Audits

• Significant number of Federal compliance audits (line by line)4=i>

• Federal audits on:

		- Passive versus active

	- At-Risk Limitations & basis

		- Schedule Cs

		- Charitable contribution and investment interest expense tracing<=li>

Gift tax audits

- Significant number of NYS and CT — Statutory residency, domicile and =ncome allocation audits

## David Kirka; Partner — National Tax PCS

• Spends 75-100 hours a year on audits

• Most of the matters involve treatment of pass-through items on the 1040s &#=211; passive loss, at-risk, interest tracing and SE tax

Elda Di Rea; Partner — National Tax PCS

• 5 Global High Wealth Audits

	- 5 Gift Tax Audits

	- 6 Federal compliance audits (audit of each line of return)
Dozens

of regular 1040 audits

Greg Rosica R=1; Partner Tax

Significant experience=representing clients in Federal and state (NY, NJ, CT, GA, CA) audits incl=ding:

## David Kirka; Partner — National Tax PCS (cont.)

- Complex financial tr=nsactions (distressed debt, related party transactions) involving individu=ls and their pass through entities

- Audits of passive v =ctive status

- Support for business=use of assets (real estate, airplanes, yachts, art, equestrian)=/span>

- Investment v trade o= business classification (cap gain v ordinary, developer v investor)<=o:p>

- Equity v debt treatm=nt in real estate transactions

Mitchell Kops &#=211; Principal — National ITS

Some audit experience =t Withers including:

• Tax shelters, passive versus active

	- Private plane

	- Foreign Tax credit/deduction matter

Joseph Fuschetto=— Executive Director — PCS

• Many Federal compliance audits (line by line)

• Federal audits of Schedule Cs

* Federal Audits of Schedule E – passive v active, at-risk</i>

Multiple gift tax audits

- NYS residency and income allocation audits

Surya Shivakumar &#=211; Senior Manager — PCS

• Federal compliance audits (line by line)

• NJ audits — full substantiation of all lines and adjustments

NYS residency & income allocation audits

Barry J. Cohen =|
Elysium Management,=LLC |
445 Park Avenue Suite 1401
New York, NY 10022&=bsp;|

## David Kirka; Partner — National Tax PCS (cont.)