Biden Family History of Tax Problems; Hunter hit with $450,000 tax lien (not "gainfully employed")

The latest in a series of tax problems for Biden family members. Hunter Biden was hit with a $450,000 lien in July over delinquent state income taxes, which he paid off in six days despite having no discernible income. Last year, he told the court judge in his paternity case that he was broke and unemployed.

The younger Biden owed $238,562.76 in state income taxes from 2017 and $215,328.16 in state income taxes from 2018, according to records from the District of Columbia’s Office of Tax and Revenue. The District of Columbia filed a $453,890 lien against him on July 9.

The lien is the latest in a series of substantial tax problems members of the Biden family have faced over the years, from Joe's brother James’s six-figure tax debt in 2015 to multiple liens filed against Joe's sister Valerie and her husband. It also raises new questions about Hunter Biden’s finances, which have been scrutinized during the election cycle. The lien follows controversy over Hunter's high-paying consulting work for companies in Ukraine and China, and a high-profile child support case in which the younger Biden claimed he was in "significant debt" and refused to turn over court-ordered financial records.

A spokesman for D.C.'s Office of the Chief Financial Officer confirmed that Hunter Biden’s lien was released on July 15 after the "tax issue was resolved."

The office declined to say whether Biden had paid off the debt. Harvey Bezozi, a tax expert who specializes in large-scale tax debt negotiations, said the only way to get a lien released is to pay the settlement in full—often through a payment plan, penalty abatement, or other compromise with the government—or to prove the lien was filed in error. He said liens can take months or years to resolve.

"It drags on," he said. "Six days had to be some kind of expeditious kind of process for this."

Bezozi said the government rarely files liens in error. "Generally the lien filing process is a very stringent and reviewed approach because it’s a serious thing when you file a lien. It’s public record," he said.

The Biden campaign did not respond to questions about how Hunter Biden settled the debt in less than a week and whether he has found gainful employment.

James Biden has had at least five tax liens filed against him between 1995 and 2015, including one for $589,095 filed in 2015 and released one year later. Frank Biden, another brother of the presidential candidate, has had at least three liens for unpaid income taxes.

He said in 2011 that a $32,500 lien in Kentucky stemmed from his struggle with alcohol addiction and was being paid off through a monthly plan, according to the Broward Palm Beach New Times. Joe Biden’s sister Valerie and her husband John Owens have faced at least five tax liens, including one for $229,749 in 1990.

This is also not the first time Hunter Biden has been accused of owing back taxes. In 2018, the federal government filed a $112,805 tax lien against him. He resolved that matter in March, according to records.

Hunter Biden’s finances have come under scrutiny due to work the younger Biden did for foreign entities while his father was vice president. He has fought to keep his financial information out of the public record, defying a court order to turn over his full 2017 and 2018 tax returns and arguing that his financial records should be subject to a nondisclosure agreement and encrypted during a paternity lawsuit last year.

Lunden Alexis Roberts, the mother of Hunter Biden's two-year-old child, sued Biden for child support payments in Arkansas in 2019. Biden, a former lobbyist, claimed in a court filing related to that case that he was deeply in debt and had no source of income for more than six months.

"I attest that I am unemployed and have had no monthly income since May 2019," said Biden in a Nov. 27, 2019, affidavit. "I currently have significant debts (in part as a result of obligations arising from my divorce which was final in April 2017)."

Although Biden claimed that he was broke, he was living in a $12,000-per-month Hollywood Hills rental home and spotted driving a $129,000 Porsche Panamera in Beverly Hills. After a judge ordered Biden to turn over his financial records and travel to Arkansas for a deposition, the former lobbyist agreed to settle the case with Roberts.

Biden has held lucrative positions at foreign companies. He was reportedly paid up to $50,000 a month to sit on the board of directors for Ukrainian energy giant Burisma between 2014 and last year and served on the board of BHR Partners, the $1.5 billion international private equity arm of Chinese investment fund Bohai Capital.

Biden stepped down from both boards last year, according to his lawyer. He told the New Yorker last summer that as part of his 2017 divorce agreement he had offered to pay his ex-wife Kathleen $37,000 per month for a decade. He said he was living on about $4,000 per month and was forced to max out his credit cards, which the magazine described as an "adjustment."

Biden’s ex-wife said in a 2017 divorce filing that Hunter Biden had left the family in massive debt after blowing their money on "drugs, alcohol, prostitutes, strip clubs and gifts for women with whom he had sexual relations."

"Mr. Biden has created financial concerns for the family by spending extravagantly on his own interests … while leaving the family with no funds to pay legitimate bills," said Kathleen Biden in the court filing.

She said the family’s debts were "shocking and overwhelming," including a $313,000 tax delinquency, maxed out credit cards, unpaid medical bills, and bounced checks to housekeepers.

VP Biden, Hunter and his daughter Finnegan arrive in China on an official tax-paid visit.

Throughout the tax-paid China trip, Hunter Biden seemed to duck in and out, sometimes joining his father at events and red-carpet arrival ceremonies, and at other times following his own itinerary, presumably with his daughter Finnegan. As is customary, the White House did not provide details about what the vice president’s relatives were doing when they were not part of his public events.

What else Hunter Biden may have done during the tax-paid two-day stop in China is unclear. There are no indications he met with Chinese government officials. Mesires, the spokesman, said that he did not conduct any business during the tax-paid trip — including when he met with Li, the Chinese banker and his nascent business partner.

Several former White House officials who traveled with Biden on the tax-paid trip told NBC News that they didn’t know at the time that Hunter Biden had any business interests in China and were unaware of his private schedule while in Beijing.

Reporters along for the trip also indicated no one was aware of Hunter's mega business deal in China.

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SOURCE—NYPOST.com

Twelve days after Hunter stepped off Air Force Two in Beijing with his VP dad and daughter, on an official tax-paid trip, Hunter's nascent privarcompany signed a historic deal with the Bank of China, the state-owned financial behemoth often used as a tool of the Chinese government. The Bank of China had created a first-of-its-kind investment fund called Bohai Harvest RST (BHR). According to BHR, one of its founding partners was none other than Rosemont Seneca Partners LLC.

It was an unprecedented arrangement: (A) the government of one of America’s fiercest competitors, the Chinese Communist government. going into business with the son of one of America’s most powerful decision-makers, then VP-Biden....Pres Obama's point man in China.

Chris Heinz (John Kerry’s stepson) claims neither he nor Rosemont Seneca Partners, the firm he had part ownership of, had any role in the deal with Bohai Harvest. Nonetheless, Biden, Archer and the Rosemont name became increasingly involved with China. Archer became the vice chairman of Bohai Harvest, helping oversee some of the fund’s investments.

Troublingly, some of those investments had major implications for US national security........including the safety and security of Americans.

<><> Ironically, Hunter Biden’s father, the vice president, met earlier with Chinese President Hu Jintao in Washington as part of the Nuclear Security Summit as Obama's point man on all things China.

<><> In December 2014, Hunter's company, BHR became an “anchor investor” in the IPO of China General Nuclear Power Corp. (CGN), the Communist state-owned energy company involved in the construction of nuclear reactors.

<><> In April 2016, the US Justice Department would charge CGN with stealing nuclear secrets from the United States — actions prosecutors said could cause “significant damage to our national security.”

Of particular interest to CGN were sensitive, American-made components that, according to experts, resembled components used by the US on its nuclear submarines.

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Joe Biden later bragged that he did not discuss Hunter's business interests on the 20-hour flight to China. Nor would he. The details of a mega-deal...... with larger importance to the Biden family fortunes....... were certainly worked out weeks ahead in VP Biden's tax-paid office w/ top level help, utilizing Biden's tax-paid staff, phone, office supplies, office, etc etc etc.

The alacrity with which Hunter seemingly sewed up the billion dollar deal shorty after arriving is significant. Because the details were already hashed out when he boarded Air Force Two. No need to discuss the deal on the trip over.....it was fait accompli....thanks to the VP's tax-paid help, phones, office supplies, office, etc etc etc.

Hunter's lien is the latest in a series of substantial tax problems members of the Biden family:

<><> there's Joe's brother James’s six-figure tax debt in 2015

<><> there were multiple liens filed against Joe's sister Valerie and her husband.

<><> Hunter's high-paying consulting work for companies in Ukraine and China,

<><> Hunter's child support case in which the younger Biden claimed he was in "significant debt" and refused to turn over court-ordered financial records.

Dam Breaks: Establishment Media Zone in on Biden Family’s Culture of Corruption....
BreitBart ^ | 1/29/2020 | HARIS ALIC / FR Posted on 1/29/2020, 1:32:01 PM by caww

Politico published in-depth exposé on financial ties between the former VP'S younger brother, James, and a high-powered D.C. lobbyist.

<><> James Biden and his wife purchased an acre of land in the Virgin Islands for $150,000 in May 2005. A year later, James resold 1/3rd of that acre to Scott Green, a 'national security lobbyist who formerly served a Senate staffer for Joe Biden. Green paid $150,000 for the land, even though tax assessed value was only $38,000. “In effect, m/m Biden got their money back while keeping most of the land—recouping their investment in just 12 months.

Any money that Green may have lost through the deal was offset when Joe Biden became vice president.

<><> In 2010 Green and members of the lobbying firm he founded, "the Lafayette Group," were frequent visitors at the Obama-Biden White House.

<><> Green’s ties to the Biden clan seemed to be especially beneficial. On April 11, 2010, the Lafayette Group was awarded two taxpayer-funded contracts from FEMA worth a total of $5.8 million.ed.

Other members of the Biden family did just as well.

<><> Biden’s brother, Frank, benefited from $54 million in taxpayer-backed loans to Caribbean nations heavily involved in real estate and solar power projects he was pursuing in the region. ...even though he lacked a background in solar energy or international real estate development.

<><> Similarly, Biden's sister, Valerie, received millions in fees during the 2008 election. Valerie, was campaign manager for her brother’s failed presidential campaign that year; she paid her own consulting firm, Joe Slade White & Company, $2.5 million for its services. (More Biden finagling in article.......at breitbart.com)

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