https://www.wsj.com/articles/hunter-biden-fair-tax-share-fraud-irs-special-agent-whistleblower-charges-misdemeanor-scheme-d8813133?mod=opinion_lead_pos1
President Biden has campaigned far and wide that America’s rich should pay their “fair” share of taxes, and he’s giving the Internal Revenue Service billions more to enforce it. Does he include his son Hunter among the rich who should pay what they owe?
The question is highly relevant after last week’s under-reported testimony from two IRS whistleblowers about their investigation of Hunter’s taxes. Hunter agreed to plead guilty last week to two misdemeanor charges of “willful failure” to pay some $200,000 in tax for years 2017 and 2018. But the two whistleblowers, testifying under oath before the House Ways and Means Committee, revealed details of Hunter’s tax maneuvering that make a mockery of his father’s tax moralizing.**
The agents reported that an IRS team in January 2022 finalized a document of some 80 pages recommending that Hunter be charged with tax violations for each of his six tax returns from 2014 through 2019.
IRS supervisory special agent Gary Shapley said Hunter’s 2014 and 2015 returns involved a “scheme to evade his income taxes through a partnership with a convicted felon.” At issue was the $83,000 a month Hunter received to sit on the board of Burisma, the Ukrainian energy company. The second (anonymous) whistleblower explained that in 2014 Hunter arranged a series of “sham” transactions so he “didn’t report any of the money he earned from Burisma”—about $400,000 in 2014.
The whistleblowers say Hunter directed Burisma to pay his money to Rosemont Seneca Bohai, or RSB, an entity owned by his business partner Devon Archer, who was convicted of fraud in 2018. They say RSB would send the money to Hunter, who then “booked it as a loan.” One obvious tax problem, explains the second whistleblower, is that “you can’t loan yourself your own money.”