From: Erika Kellerhals To: Jeffrey Epstein <[email protected]> Subject: Re: Date: Fri, 04 Jan 2013 19:26:06 +0000 Inline-Images: 7B8B96A5-A17A-4855-9256-43BDEEA09109[160].png; 7B8B96A5-A17A-4855-9256- 43BDEEA09109[129].png; 7B8B96A5-A17A-4855-9256-43BDEEA09109[123].png III send response — but right now working on tax court petition due today. Erika A. Kellerhals Partner Kellerhals Ferguson Fletcher Kroblin LLP 9100 Port of Sale Mall Suite 15 St. Thomas. U.S. Virgin Islands 00802 Notice: This communication may contain privileged or other confidential information. If you are not the intended recipient. or believe that you have received this communication in error. please do not print. copy. re-transmit. disseminate. or otherwise use this information. Also, please indicate to the sender that you have received this e-mail in error. and delete the copy you received. Thank you. Circular 230: To ensure compliance with the requirements imposed by the IRS. we inform you that any tax advice contained in our communication (including any attachments) was not intended or written to be used, and cannot be used. for the purpose of (i) avoiding any tax penalty or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. From: Jeffrey Epstein <[email protected]> Date: Friday, January 4, 2013 9:38 AM To: Erika Kellerhals < Subject: Re: so what structure would work, for the bank? do i , or do they own the cumalitve preferred, ? what limits , how do they get a tax deferral with little risk On Fri, Jan 4, 2013 at 8:51 AM, Erika Kellerhals wrote: If you own bulk of cs its okay Also depends on types of income company is generating Active vs non-active income Erika A. Kellerhals EFTA00951821