Posted on 11/01/2023 1:36:35 PM PDT by conservative98
President Joe Biden’s receipt of two separate “loan repayments” from family members after he left the vice presidency raises questions for the House impeachment inquiry to investigate.
The questions are based on Wednesday’s revelation from House Oversight Committee Chair James Comer (R-KY) that Joe Biden received $40,000 in “laundered” CEFC China Energy Co. money in 2017, according to Comer, from the account of his brother, James Biden, and sister-in-law, Sara Biden, once again in the form of a personal check labeled as a “loan repayment.” The discovery is the second instance Joe Biden personally accepted a suspicious personal check from his brother James Biden, who was involved in the Biden family’s ventures. The revelation fuels concerns Joe Biden could be compromised and further supports the impeachment inquiry into the president.
(Excerpt) Read more at breitbart.com ...
When are they going to drop the "could"?
NOTHING BURGER!
oh, the biden family business is banking...
now i understand...
I think I missed the news about the FIRST loan repayment check....
NOTHING will ever come of this or anything else. Biden knows that he’s untouchable..He will always and I mean ALWAYS have the media in his back pocket protecting him..did anyone hear this being reported ANYWHERE today besides on twitter and online..yeah that’s what I thought
As Biden said himself - “Nobody f*cks with a Biden”.
So?!
Change that to “Nobody f*cks with a Democrat” because regardless of who is in power, as long as they are a Dem they are ALWAYS above the law
$200,000 from his brother was the first reported “loan repayment”.
I continually ask the question about his taxes on this question. Even if it were a legitimate loan repayment, the loan and interest payments - even if interest payments were not received - need to be declared on his personal taxes.
Considering the amount of grief the Congress gave the previous president about releasing his tax records, I wonder why this question isn’t being more vigorously pursued. When was the loan made, what was the total amount, what interest rate, and what taxes were paid on the interest? Is there is legislative interest in amending the tax code to make declaring loans and interest rates easier?
Why would they need to repay Joe? I thought he was a big believer in “loan forgiveness”.
“”even if interest payments were not received - need to be declared on his personal taxes.””
If the borrower didn’t claim any interest as a deduction, why would anything have to be declared by the maker of the loan?
In other words - an interest free loan. WHY would anything be necessary - income or expense on anyone’s part? Who would care?
Just a quick internet search:
“The IRS mandates that any loan between family members be made with a signed written agreement, a fixed repayment schedule, and a minimum interest rate. (The IRS publishes Applicable Federal Rates (AFRs) monthly.)”
https://www.schwab.com/learn/story/family-loans-should-you-lend-it-or-give-it-away
Old: Children’s charity foundation run by Clintons was nicknamed Chelsea’s Pigg Bank. Funded a lavish wedding and more, off the books.
New: The Bank of Biden. Your favor payoff money is insured up to the amount of money Biden can siphon from foreign agents.
Free calendar and ball point pens.
typo. Piggy Bank. Pig may be a crude reference.🐷🐖🐽
.
This stuff goes back SEVEN YEARS.
When do you think someone, anyone, might ask a Biden a question?
Like a Grand Jury, Congressional Investigator, a committee, the FBi, DoJ, state authorities, IRS?
Where are the Subpoenas?
Why are they avoiding subpoenas?
.
Thanks. I wouldn’t have imagined anything like that. Then in that case, you could just call it a gift, couldn’t you?
What in the devil business is it of the IRS, HOW anyone would want to handle such a transaction among family members? NUTS!
Now that I’ve given my opinion, I will read at the link. I retired many years ago and have never felt the need to look at anything like this in years...
Gifts up to $16,000 are excluded from the IRS requirements.
Unstructured intrafamily “loans” are considered to be gifts by the IRS.
talk, talk, talk, talk....meanwhile, the country is going down in flames.
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