File 026455

Email Chain on Plane Management and Depreciation Rules (File 026455)

Email correspondence between Jeffrey Epstein and Barry J. Cohen discussing aircraft management options, renovation plans, and tax depreciation strategies for a private plane, including references to switching aviation service providers.

Summary

This email chain from October 2017 documents discussions between Jeffrey Epstein and his associate Barry J. Cohen regarding plane management and financial structuring. The correspondence covers potential aircraft renovations (cushion changes, internet installation), depreciation rules under proposed Trump administration tax policy, and consideration of switching from Jet Aviation to EJM (another aviation management service). Cohen indicates he is confident the plane operations can generate profit after depreciation, and they discuss constraints on available depreciation methods due to foreign travel usage.

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From: jeffrey E. [jeeyacation@gmail.com]
Sent: 10/3/2017 12:26:10 PM
To: Melanie SpineIla __________________________________
Subject: Fwd: Plane management
does this mean that under their brilliant structure you will have a profit and pay tax for using your
plane??! . call me re other issue please we need to make a decision today
----------Forwarded message----------
From: Barry J. Cohen <
Date: Mon, Oct 2, 2017 at 5:21 PM
Subject: RE: Plane management
To: "jeffrey E." <jeevacation@gmail.com>
It 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. You were right.
From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Monday, October 02, 2017 5:20 PM
To: Barry J. Cohen <_____________________
Subject: Re: Plane management
can 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. (In part because Apollo charter payments factor in depreciation.)
From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Monday, October 02, 2017 5:14 PM
To: Barry J. Cohen
Subject: Re: Plane management
did 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, but haven't heard back from him. I think I talked him out of automating the divans. I agreed with
what you said about that.
From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Monday, October 02, 2017 4:29 PM
HOUSE OVERSIGHT 026455
To: Barry J. Cohen <
Subject: Re: Plane management
isnt he changing the cushions? etc and adding internet?
On Mon, Oct 2, 2017 at 4:23 PM, Barry J. Cohen <_____________________ wrote:
Ah yes.
From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Monday, October 02, 2017 4:23 PM
To: Barry J. Cohen
Subject: Re: Plane management
new depreciation rules proposed under trump
On 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 use bonus 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 PM
To: Barry J. Cohen <__________________>; Melanie Spinella <
Subject: Re: Plane management
dont you want to see what the depreciation rules are. ? it depends on what you intend to do with
it/ ? where do you stand with the renovations and the sale of the 5
On 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 iPhone
please note
HOUSE OVERSIGHT 026456
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
HOUSE OVERSIGHT 026457
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
HOUSE OVERSIGHT 026458

Topics

aircraft management correspondence financial planning tax planning

People Mentioned

Jeffrey Epstein Financier