Epstein File EFTA01296058: Thomas, Holder and Caroline Lang (DS10)

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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01296058: Thomas, Holder and Caroline Lang (DS10)

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The document contains technical language about asset valuation for tax purposes, specifically discussing how the gross asset value of an asset is calculated. It outlines rules for determining the initial value of assets contributed to a company, including fair market value assessments by contributing members and managers.

👤 Named in This Document

Clarence Thomas Eric Holder Caroline Lang

🔑 Evidence Keywords

asset passport virgin Southern Trust contractor appointment professional construction recording nominee treat controlled+2 more

📋 Key Excerpts15

PersonKeyword

Excerpt 1

for such year or other period, except that if the Gross Asset Value of an asset differs from its adjusted basis for federal income tax purposes at the

Excerpt 2

basis for federal income tax purposes, except as follows: (a) The initial Gross Asset Value of any asset contributed by a Member to the Company shall

Excerpt 3

be the gross fair market value of such asset, as determined by the contributing Member and the Manager; (b) The Gross Asset Values of all Company assets