Hunter paid? Hunter? Get real. We know who paid.
“Hunter paid? Hunter? Get real. We know who paid.”
That’s the way the scam works. Joe gets Hunter the influence peddling rep job for $83,000 a month and Hunter pays Joe $50k a month in rent on the house.
Question: Did Joe report that $49,910 a month in rent to the IRS that Hunter said he paid? Do Hunter’s income tax returns show the ability to pay that level of rent?
Does $49,910 a month pass muster as “market rent” for that house? “Market rent” is an IRS term. The usual problem is Daddy buys a condo for his son (often during college days” and rents it to the son for way under market, triggering an IRS problem. IRS will then “impute” market rent and charge Daddy taxation for the imputed amount above what Sonny paid.
This is backwards from usual but I bet there’s an IRS rule problem here.