The IRS considered charging her first son, Hunter Biden, with felony tax charges for withdrawing nearly $40,000 from his daughter’s college fund and failing to report it as additional income on his 2019 returns, while still using much of the earnings. unexpected payments to pay for crack and prostitutes. .
IRS Special Agent Joseph Ziegler told the House Ways and Means Committee that federal tax investigators discovered “approximately $39,820” that Hunter Biden, now 53, stole from his 529 college savings plan. daughter Maisy, high school age.
The Daily Mail was the first to report the reckless decision to empty the account.
A few weeks earlier, Hunter had evaded a family intervention and instead holed up in a hotel to smoke crack, according to his 2021 memoir, “Beautiful Things.”
The IRS sought felony tax charges against her first son, Hunter Biden, for stealing nearly $40,000 from his daughter’s college fund and not reporting it as additional income on her 2019 returns. TikTok/Maisy Biden Ended up spending much of the money to pay crack. and prostitutes.
After wiping out Maisy’s college savings, he plunged deeper into the throes of his addiction in the months that followed, sending payments to his drug dealer, a webcam service and prostitutes in the weeks that followed, records show. emails on your laptop.
The IRS also found “personal distributions he had claimed as business deductions totaling approximately $12,791,” according to Ziegler’s affidavit to the House panel about the five-year federal investigation into the first child’s finances.
But after recommending felony charges for the $52,611 in unreported income, federal prosecutors filed a misdemeanor charge for failing to pay $22,860 in taxes.
IRS Special Agent Joseph Ziegler said federal tax investigators discovered “approximately $39,820” that Hunter Biden, now 53, stole from his high school daughter Maisy’s 529 college savings plan.
The disclosure is one of many made to the House committee by Ziegler and IRS Supervising Special Agent Gary Shapley, who allege that the Justice Department “moved slowly” in its investigation into Hunter Biden and prevented them from taking certain enforcement actions. investigation, including examination of evidence. that could lead to his father, President Biden.
IRS investigators found that the first son evaded more than $2.2 million in tax payments on the $8.3 million in income he earned from deals in Ukraine, Russia and China, among others.
On December 17, 2018, Hunter received an alert that his Wells Fargo bank account had only 44 cents left and immediately asked his wealth management team if he could “transfer 20,000 from the Maisy 528 account to a personal account” , according to the emails found. on his abandoned laptop.
After liquidating his daughter’s college savings, he sank deeper into the throes of his addiction in the months that followed.
A Wells Fargo manager responded later that day that they could “sell the funds and send a check,” but they could not “move them into your account.”
Three days later, the troubled first son responded in what appears to be a wandering state of mind that the wealth managers should “liquidate” everything, including the 529 funds, because his ex-wife, Kathleen Buhle, was using his access to the accounts after of your divorce to make your own payments.
“Start reading the last two sentences first. Live both of you. BUT READ the ending first,” Hunter wrote on December 20, 2018. “Liquidate what you can. Send Burisma payment to account [ending in] 5858. Do not pay a single automatic payment or check that you have not personally authorized. I closed all the accounts in an orderly manner and I just found out that unfortunately my “ex” partner of more than 2 years has access to my accounts and has directed payments since [sic]. My bills to bills that are not my responsibility.”
The IRS whistleblowers allege that the Justice Department “moved slowly” in its investigation into Hunter Biden and prevented them from taking certain investigative steps, including evidentiary leads that could lead to his father, President Biden.AP
Hunter later acknowledged in a December 28, 2018 email to his personal assistant what he had done to deplete Maisy’s college fund when she was graduating the following spring from the prestigious Sidwell Friends School in Washington, DC.
“I am fully aware of what Kathleen wants. I’ll take care of license plates when the time comes,” she told Katie Dodge in an unhinged rant accusing her of “I rarely do[ing] anything” to help you pay the bills.
At the time, those bills included $27,945 in tuition for his oldest daughter, Naomi, at the University of Pennsylvania; $4,244.70 for Maisy High School; and a payment of $1,700 for her Porsche, among others.
“Then all brokerage accounts can be closed and Maisy’s account should be closed and the check sent to the California address as soon as possible,” Hunter wrote, adding: “If you haven’t noticed that Katie, my business partner, is now a prisoner on death row in China,” referring to Ye Jianming, chairman of the Chinese government-backed energy conglomerate CEFC, who had been arrested for corruption.
Maisy graduated from the University of Pennsylvania last May with a bachelor’s degree in fine arts. Hunter and Joe Biden were among those in attendance to watch her collect her diploma, along with first lady Jill Biden and her first daughter Ashley Biden.
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Source: vtt.edu.vn