Posted on 05/09/2022 9:15:16 AM PDT by Red Badger
When Republicans take the House, we’ll finally get answers about Hunter and Joe Biden A big-shot Hollywood lawyer reportedly paid off Hunter Biden’s delinquent taxes — which a source told The Post amounted to more than $2 million — as President Biden’s notoriously troubled son awaits the results of a Delaware grand jury’s investigation into his personal finances.
Kevin Morris, an entertainment attorney and novelist who earned a fortune representing the co-creators of “South Park” and won a Tony Award as the co-producer of “The Book of Mormon,” footed Hunter Biden’s overdue taxes totaling over $2 million — more than twice what was previously reported, a source familiar with conversations between the two told The Post.
Morris, whom Hunter Biden’s friends call his latest “sugar brother,” has also been funding the 52-year-old’s lifestyle in Los Angeles — including his rent and living expenses, the source said.
The attorney has also been advising the president’s son on how to structure his art sales, according to the source.
When The Post attempted to contact Morris at his Malibu residence to ask about his dealing
(Excerpt) Read more at nypost.com ...
Yes..................
Imagine for a moment this was Don Jr.
Isn’t this a gift, which in and of itself is taxable?
The lawyer is most likely funded by China.
Yes.............................
Some issues here:
1) How (i.e. from whom or what entity) is the lawyer getting paid, and how much?
2) Is the lawyer reporting all of this funding as compensation?
3) If the funding is not compensation, then is someone reporting the money transferred to him as a taxable gift?
4) Has Hunter reported the $2 million as income? If not, then SOMEONE has to have reported it as a gift (unless this was done this year...in which case the gift MUST be reported on someone’s 2022 tax return).
Of course, this puts aside the issue of bribes/payoffs.
Here’s the scheme: ( I don’t know if this is actually workable)
Hunter gives lawyer $2 million as a ‘retainer’.
Lawyer pays IRS $2 Million taxes for Hunter.
Hunter now owes taxes on $2 Million which his substantially less than $2 Million.
Lawyer now owes taxes on $2 Million which his substantially less than $2 Million.
Hunter pays his tax on $2 Million, saving mucho dinero.
Hunter pays Lawyer’s ‘fee’ of tax on $2 Million....................
would that not be considered INCOME, and to be declared on his taxes???
I’m sure it is just charity and the lawyer doesn’t expect anything in return. /sarcasm
Hunter sure get$ a lot of “help” from all the charitable people out there.
Yes............................
as I often say about Hunter - Al Capone was convicted of failure to disclose income by the IRS.
The reality is, we do not have an IRS nor FBI who would prosecute even with such obvious crimes.
Yet they are gong after Trump & Family like THEY ARE THE MOB!...................
You don't just "foot" the bill. I suspect it was a 0 interest loan that will be repaid in priceless Hunter art.
The way I understand this transaction is the person paying off Hunter's 2 million tax liability is a gift. Hunter has no tax liability. The person making the gift that exceeds reporting requirements has to report it to the IRS..
The Biden Family Laundry is running full speed.
The copper would have machine gunned him.
Yeah. Hunter could have cranked them out in an afternoon. Not sure why he needed the lawyer.
I wonder if this has anything to do with South Park not roasting Gropin'Joe since he's been POTUS?
The perverted drug addict son raked in millions from foreign countries. Why does he need anyone to pay off his tax bills? He spent all his ill-”be”-gotten gains (as his Daddy would say it) and couldn’t pay his own taxes?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.