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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: Dope1 ⎊  😊 😞
Number: of 84362 
Subject: New IRS whistleblower backs Shapeley
Date: 07/19/23 4:01 PM
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Whistleblower X was revealed today. Here's what his remarks were with respect to Hunter and the IRS.

oversight.house.gov - Whistleblower X Testimony

In Early August of 2022, federal prosecutors from the Department of Justice Tax Division drafted a 99-page memorandum. This memorandum recommended approving felony and misdemeanor charges for the 2017, 2018 and 2019 tax years. If the Delaware U.S. Attorney David Weiss followed DOJ policy as he stated in his most recent letter, Hunter Biden should have been charged with a tax felony, and not only the tax misdemeanor charge. We need to treat each taxpayer the same under the law.

'.

In early 2020, Hunter Biden's unfiled and delinquent tax returns were being prepared, which included his 2018 tax return. During the 2020 time period, by Hunter Biden's own account he was sober, newly married, and writing his memoir. Hunter Biden's accountants requested that he sign a representation letter stating that all deductions were for business purposes and were being reported appropriately. Statements Hunter Biden made in his book completely contradicted what was being deducted as business deductions on his 2018 tax return. While writing his memoir. Hunter Biden stated, 'I holed up inside the Château for the first six weeks and learned how to cook crack.' For this time period, Hunter Biden claimed business deductions for payments made to the Château Marmont, a hotel room for his supposed drug dealer, sex club memberships (falsely referenced on the wire as a golf-membership), hotels he was blacklisted from, and a Columbia University tuition payment for his daughter. All of these items were used to support the willfulness element for felony tax evasion and false return as they would be in any case involving any other taxpayer. These false deductions claimed by Hunter Biden caused a false return to be prepared that underreported his total income by approximately $267,000 causing a loss to U.S. Treasury of $106,000. This loss is referred to as a 'tax deficiency'.

With respect to the 2014 tax year, Hunter Biden did not report any of the money he earned from Burisma for the 2014 tax year, which would have been a tax loss to the U.S. Treasury of $124,845. According to my previous testimony, Hunter Biden did not report this income to the IRS or pay tax on this source of income.

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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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