The Brazen Bidens

During my career as CPA and tax attorney I prepared and/or reviewed thousands of individual and corporate tax returns.

I also had some experience working on tax fraud investigations.

I recently read the entire 56 page federal indictment of Hunter Biden on tax fraud and evasion for the years 2016 though 2019.

You can read it here yourself.

Despite the fact that I have seen a lot of tax returns, I can confidently state that I have never seen anything as brazen and brash as what Hunter Biden is accused of doing in his failure to file and pay his income taxes as laid out in the indictment.

Keep in mind as well that the Department of Justice was attempting to sweep all of this under the rug until a couple IRS whistleblowers and a federal judge in Delaware highlighted what was going on here.

Keep in mind as well that it is said that the DOJ did not prosecute far more serious tax fraud charges for the 2014 and 2015 tax years  by allowing the statute of limitations to expire without indicting Hunter Biden for those years.

2014 was the year that Hunter joined the Board of Ukrainian gas company Burisma and there is evidence that Biden did not report his director fees ($83,333) as income on his tax returns.

Recall that Hunter's father was Vice President of the United States at the time.

Further recall that Joe Biden has said in the past that Hunter is the "smartest man he knows".

In addition, as late as May, just before Hunter pled guilty on a federal gun charge, Joe Biden told us that his son "had done nothing wrong".

Source: https://nypost.com/2023/05/05/biden-brags-about-wisdom-and-says-hes-an-effective-president/

President Biden declared on Friday that his son Hunter Biden “has done nothing wrong” as federal prosecutors near a decision on whether to charge the first son with tax and gun crimes.

Biden’s defense of Hunter came in a rare sit-down interview with MSNBC host Stephanie Ruhle that aired Friday night at 10 p.m. 

“My son has done nothing wrong. I trust him. I have faith in him and it impacts my presidency by making me feel proud of him,” Biden, 80, told Ruhle when asked about how the first son being charged would impact his presidency. 

I guess that is true if you ignore the fact that Hunter was addicted to crack cocaine, fathered an illegitimate child with a dancer he met at a D.C. men's club, was in a legal battle trying to avoid paying the mother child support, used his political connections in D.C. on behalf of foreign principals and appears to have never registered this activity as required by law (FARA) in addition to lying on a federal gun application.

Now we see he has been indicted for willfully failing to file his tax returns on time as well as not paying $1.4 million in taxes for the period 2016-2019.

This is despite the fact that Hunter Biden received more than $7 million in total gross income during this period.

That may only be half of the story.

We may never know the full extent of Hunter's wrongdoings or how he traded on his father's influence.

Or how Joe Biden might have profited from it as well.

Consider some of the facts alleged in the indictment so that you can determine for yourself whether Hunter Biden is one of the smartest people you have ever heard of or whether he has done nothing wrong.

These are excerpts taken directly from the indictment.

37. The Defendant spent millions of dollars on an extravagant lifestyle at the same time he chose not to pay his taxes. The Defendant spent approximately $1 million in 2016, $1.4 million in 2017, $1.8 million in 2018, and $600,000 in 2019. From January through October 15, 2020, the Defendant received more than $1.2 million in financial support that was used to pay various personal expenses but not any of his federal individual income tax liabilities for 2016-2019. Between 2016 and October 15, 2020, the Defendant spent this money on drugs, escorts and girlfriends, luxury hotels and rental properties, exotic cars, clothing, and other items of a personal nature, in short, everything but his taxes.

38. The following is a summary of the approximate expenditures that the Defendant made instead of paying his taxes:

(Owasco, P.C. is the corporate entity that Hunter Biden used in which most of his income from his personal services was received. He then would take a salary from Owasco P.C,)

A couple of comments on this schedule.

$1.7 million in ATM/Cash withdrawals over the four years? That is a lot of walking around money. I can only surmise that a lot of this cash ended up in the hands of drug dealers.

$700,000 for payments to various women. The evidence shows much of this money was paid to prostitutes.

Included in the Tuition/Education expenditures was a $30,000 payment for his daughter's law school tuition which he deducted as a business expense. An example of blatant fraud. He also deducted $5,763 for test prep services and another $11,555 for rent on his daughter's apartment in New York City. The latter expense was shown as a travel expense on a tax return that was filed late by Biden.

Almost $190,000 spent on adult entertainment. The indictment indicates most of this money was spent at strip clubs and on porn sites.

To show the utter disregard Hunter Biden had for following the law I thought the charge involving his failure to file his 2016 tax return was particularly interesting. His accountant in D.C,. had prepared the returns for filing and reminded him several times that he needed to sign them and get his estranged wife to sign the joint returns.

He did not get around to contacting his wife until late November, 2017 (even with extensions the return was due October 15, 2017). She signed and returned the tax returns to him the day after he asked her to sign.

Let's return to the actual indictment.

58. On March 9, 2018, the Defendant’s ex-wife texted him that she had discovered their unfiled 2016 tax returns in the trunk of his car. The Defendant responded telling were copies with [Personal Assistant had not been filed. The Defendant’s her, “The taxes are filed those 1]’s notes.” The tax returns ex-wife responded telling him they were not copies because they still had checks attached to them and were originals.

Hunter Biden did not end up filing a 2016 tax return until June 12, 2020 over three years past the original due date. He still did not pay the taxes that were due with the return.

63. When the Defendant finally filed his 2016 Form 1040, on June 12, 2020, he had funds available to pay some or all of his taxes owed for 2016 but chose not to do so. 

64. From January to June of 2020, the Defendant spent approximately $187,000 on personal expenses rather than pay the $45,661 he owed when he finally filed his 2016 Form 1040 in June of 2020. The Defendant also received more than $500,000 in financial support from Personal Friend during this period that he used to fund his lifestyle and did not use any of those funds to pay any of his outstanding taxes for 2016.

Why did Hunter Biden finally get his act together and file these late tax return in June, 2020?

Did he have a sudden case of remorse and regret?

Is it just a coincidence that his father was wrapping up his nomination as the Democrat Presidential candidate in the Spring of 2020?

How would it look if it came out that the son of Joe Biden (who was stating on the campaign trail that the rich were not paying their fair share of taxes) had not filed tax returns or paid his taxes owed in any of the last four years?

The indictment does not mention this but it does suggest that Hunter Biden needed to produce the tax returns in the legal action his ex-wife had against him to pay alimony and the child support action against him by the former stripper at the D.C. gentleman's club who bore his child.

Interestingly, the indictment points to several texts that Hunter sent to his ex-wife as to why he could not pay her the alimony she was owed or the taxes on the joint return that had not been filed (for which his ex-wife was jointly liable for).

75. On or about October 13, 2018, instead of responding to D.C. Accountant, the Defendant texted his ex-wife that he could not make his alimony payment because “the wire came back due to insufficient funds--/you know tuitions alimony taxes rent. Jesus.” (emphasis added). The Defendant had not paid his 2017 taxes when he sent that text.

79. On or about December 10, 2018, the Defendant texted his ex- wife, “I have no money [ex-wife]. I’m waiting on a few things. When I can pay the taxes, I will pay the taxes. I’m (sic) the meantime I’m struggling to pay your alimony and all girls expenses.” (emphasis added).

While Hunter Biden is telling his ex-wife in 2018 he has no money to pay her alimony or to pay taxes the indictment details some of what he did have money to pay for that year.

2018 is the year that Hunter moved from D.C. to Los Angeles.

All of the items below were claimed by Hunter Biden to be business expenses on the tax return of his professional corporation Owasco P.C. even though they had nothing to do with business.

Does it look like Hunter was "struggling" as he told his ex-wife?

*$3,852 as a business expense for the rental of a Lamborghini that he drove when he first moved to California in April 2018 until his Porsche was shipped from the East Coast;

*Hotel bills in L.A. that he used to live in as he did not have a personal residence.

-$4,478 paid to the Chateau Marmont in Los Angeles, California, in April and May 2018; 

-$11,133 paid to the Hollywood Roosevelt in Los Angeles, California, in May, 2018;

-$11,169 paid to the Sixty Beverly Hills in June and July, 2018

-$9,494 paid to the Kimpton La Peer Hotel in Beverly Hill, California in July and October 2018;

-$4,004 paid to the London West Hotel, in Beverly Hills, California in July 2018;

. $7,761 paid to the Jeremy Hotel in Hollywood, California  in May, 2018

 *Other hotel bills in 2018 in which there was no business purpose

-$4,347 paid to Caesars Palace in Las Vegas in August, 2018

-$1,023 paid to the District Hotel in Washington, D.C. in May and June 2018;

- $739 paid to 1 Hotel Park in New York City in January 2018; and

-$2,861 paid to the Roxy Hotel in New York City in June and December 2018.

From the indictment for the 2018 tax year.

126. In total, the Defendant identified over 100 supposed travel expenditures, worth nearly $134,000 from his Wells Fargo individual account ending in 4929 and the Wells Fargo Owasco, LLC account ending in 1553. Approximately 78 of the “travel” expenditures worth $112,000 were made between April and September 2018. The Defendant used these hotels as personal residences since he chose not to have one at the time. Further there was no business purpose to staying at luxury hotels in Atlantic City, New York City and Los Angeles. Rather, as  he described in his memoir, they were used to meet up with his then- girlfriend and for constant partying.

Again let's take account of Joe Biden's words describing his son Hunter.

"The smartest man I know."

"He has done nothing wrong."

Joe Biden has said a lot of outrageous and bizarre comments in his career. There is nothing that comes close to that statement.

I can understand a father's unconditional love for his child.

However, what possessed him to say anything close to those statements?

He may love his son but he certainly did not help him by looking away from the reality of all of this and lying to the country.

You also have to ask yourself if Joe loved his son so much why would he have have decided to run for President knowing all of the problems that Hunter was dealing with regarding his drug addiction, a paternity action, unpaid alimony and unfiled and unpaid tax returns.

Keep in mind all of this was going on with Hunter when Joe made the decision to run for President.

Hunter Biden was brazen in believing he could just ignore the tax laws of the country so blatantly.

Joe Biden was just as brazen in running for President with the problems his son had and is just as shameless in running for reelection today.

I have never seen anything like it.

And I have seen a lot.