From: Jeffrey Epstein <[email protected]> To: "McCaffrey, Carlyn" Subject: Re: Re: Date: Thu, 31 Jan 2013 21:33:20 +0000 it seems more like the exchange, „ any case law. I just spoke to TOm Mcgraw at Jpm.. and he also says no sales tax, but did not want to opine of course. On Thu, Jan 31, 2013 at 5:30 PM, McCaffrey, Carlyn < > wrote: This is the provision of the regulation that Mark found. It applies to returns of purchased goods. I'm not sure we can extend it to apply to our situation, particularly since the thing being returned is not the tangible personal property and the trust did not acquire its property by purchase. Checkpoint Contents State & Local Tax Library State & Local Taxes States New York Regulations NYCRR Title 20 DEPARTMENT OF TAXATION AND FINANCE Chapter IV SALES AND USE AND OTHER MISCELLANEOUS TAXES Subchapter A Sales And Use Taxes Part 534 Refunds and Credits NYCRR 534.6 Refunds and credits by reason of cancelled sales and returned merchandise.—(Tax Law §2;_._), State & Local Regulations 534.6. Refunds and credits by reason of cancelled sales and returned merchandise.—(Tax Law, §2; 1132(e) , 1139(e) ). (a) Cancelled sales and returned merchandise. (1) Exclusion from return. Where a contract of sale has been cancelled or the property returned within the reporting period in which the sale was made, a vendor of tangible personal property or services, a recipient of amusement charges or an EFTA00953018