From: Kelley Lynch <kelley.lynch.2010@gmail.com>
Date: Fri, May 3, 2013 at 12:21 PM
Subject: Re: Kelley Lynch Ownership Interest In Blue Mist Touring
To: Dennis <Dennis@riordan-horgan.com>, "*irs. commissioner" <*IRS.Commissioner@irs.gov>, Washington Field <washington.field@ic.fbi.gov>, "Kelly.Sopko" <Kelly.Sopko@tigta.treas.gov>, ASKDOJ <ASKDOJ@usdoj.gov>, "Doug.Davis" <Doug.Davis@ftb.ca.gov>
All the best,
Kelley
Can you advise the amount you estimate would be a long-term capital gain so Don Friedman and I can determine how to proceed with Sony Music on the sale of Blue Mist? Would it make a difference if only certain assets were included in the corporation for the stock sale to Sony?
Date: Fri, May 3, 2013 at 12:21 PM
Subject: Re: Kelley Lynch Ownership Interest In Blue Mist Touring
To: Dennis <Dennis@riordan-horgan.com>, "*irs. commissioner" <*IRS.Commissioner@irs.gov>, Washington Field <washington.field@ic.fbi.gov>, "Kelly.Sopko" <Kelly.Sopko@tigta.treas.gov>, ASKDOJ <ASKDOJ@usdoj.gov>, "Doug.Davis" <Doug.Davis@ftb.ca.gov>
To the IRS Commissioner's Staff,
Greg
McBowman, Don Friedman, Richard Westin, Sony, and others, understood
very well that I own 15% of BMT and the assigned assets. Cohen has
concealed this evidence. My attorney and I are now reviewing it.All the best,
Kelley
Greg McBowman fax to Richard Westin cc: KL and Don Friedman/Grubman Firm dated October 10, 2000.
Re: Leonard Cohen/Sale of Blue Mist
We
are at the point where we must understand your best estimate of what
portion of the sale price will be ordinary income and the balance which
will be subject to capital gain treatment. I have tried to estimate the
net amounts payable to both Kelley and Leonard so we focus on the
negotiation strategy with Sony Music.
LC Share KL Share
Sale of Blue Mist $8,000,000.
Less Estimated Expenses 25,000.
Net Amount: $7,175,000. $6,098.750. $1,076,250.
Ordinary Income for
New Album $1,500,000. $1,275,000. $ 225,000.
Long Term Cap Gain $5,675,000. $4,823,750 $ 851,250.
Can you advise the amount you estimate would be a long-term capital gain so Don Friedman and I can determine how to proceed with Sony Music on the sale of Blue Mist? Would it make a difference if only certain assets were included in the corporation for the stock sale to Sony?