File 026224
Email Chain About Plane Management and Depreciation Rules (File 026224)
Email correspondence between Jeffrey E. and Barry J. Cohen regarding aircraft management decisions, including discussions of aircraft maintenance, depreciation strategies, and vendor comparisons for plane services.
Summary
Email chain dated October 2, 2017 discussing the management of aircraft (GV model) between Jeffrey E. and Barry J. Cohen. The conversation covers planned renovations including internet installation and cushion updates, aircraft inspection status, depreciation accounting methods under current tax rules, and consideration of switching aircraft management vendors from Jet Aviation to EJM. Cohen indicates busy workload and discusses profit projections and proposed tax depreciation rule changes.
From: Barry J. CohenSent: 10/2/2017 9:21:33 PMTo: jeffrey E. [jeeyacation@gmail.com]Subject: RE: Plane managementImportance: HighIt won't take long to do. We're just swamped. I'll get something to you when I can.My biggest fear about taking this job is that there wouldn't be enough to do. You told me that concern was crazy. Youwere right.From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 5:20 PMTo: Barry J. CohenSubject: Re: Plane managementcan you share?On Mon, Oct 2, 2017 at 5:17 PM, Barry J. Cohen wrote:On our to-do list, but back of the envelope, we satisfied ourselves that after depreciation, we would show a profit. (Inpart because Apollo charter payments factor in depreciation.)From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 5:14 PMTo: Barry J. Cohen _______________________Subject: Re: Plane managementdid anyone provide you with a biz plan that shows the proposal will generat a profit ?On Mon, Oct 2, 2017 at 4:30 PM, Barry J. Cohen wrote:Adding Internet and possibly changing cushions. I recommended we do it with the 4 year inspection in the spring, buthaven't heard back from him. I think I talked him out of automating the divans. I agreed with what you said aboutthat.From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 4:29 PMTo: Barry J. CohenSubject: Re: Plane managementisnt he changing the cushions? etc and adding internet?On Mon, Oct 2, 2017 at 4:23 PM, Barry J. Cohen wrote:Ah yes.HOUSE OVERSIGHT 026224From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 4:23 PMTo: Barry J. CohenSubject: Re: Plane managementnew depreciation rules proposed under trumpOn Mon, Oct 2, 2017 at 4:13 PM, Barry J. Cohen ‹> wrote:GV is in inspection and going well. Not sure what renovations you mean?On depreciation, we think we cannot use accelerated due to foreign travel preponderance, and obviously can't usebonus because not new. We think we are stuck with straight-line depreciation which will be passive.Are you saying that Jet vs. EJM could hinge on the type of plane usage? Not sure I follow that.From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 3:42 PMTo: Barry J. Cohen .111.>; Melanie SpinellaSubject: Re: Plane management>dont you want to see what the depreciation rules are. ? it depends on what you intend to do with it/ ? wheredo you stand with the renovations and the sale of the 5On Mon, Oct 2, 2017 at 2:33 PM, Barry J. Cohen ‹> wrote:Thinking of switching from Jet Aviation to EJM. EJM is more expensive. Do you have a point of view?Sent from my iPhoneplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 026225please noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 026226please noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 026227