EFTA02549585

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From: Noam Chomsky < Sent: Thursday, December 7, 2017 7:44 PM To: Deborah Pechet Quinan Cc: Valeria Chomsky Richard Kahn Subject: Re: FW: 2016 tax payments Richard's advice seems to me sound. Please proce=d as he suggests. Noam On Thu, Dec 7, 2017 at 12:22 PM, Deborah Peche= Quinan < Dear Noam,<=span> > wrote: Richard has requested tha= I request from Max $150,000 for 2017 estimated federal tax payments.40=A0 He has not provided me with a Massachusetts figure that he wants me to request. Nick Nichols has advised that if the estimates =or 2017 are paid from your IRA, four figure tax penalties may be avoided.=C2* Of course a distribution from the IRA will incur a tax itself; there=ore Nick also advises that he should calculate the balance between the IRA and non- IRA assets (i.e. the marital trust) to=pay the estimates. Please see Nick's email of 12/5/17 at 1:11 p.m. Please confirm that yo= want me to follow Richard's instruction that a $150,000 distribut=on should be taken from the marital trusts to pay your 2017 estimates, and that you do not want to follow Nick's advice that the estimate=be taken from your IRA and the marital trust in some proportion that Nick reeds to calculate to avoid penalties and minimize income taxes. If you do want t= follow Nick's advice I will follow-up with him. </a </roan> Richard has requested tha= Max distribute an amount to you from the trusts of the amounts paid for y=ur 2016 income taxes from your IRA and for t