A second whistleblower said Hunter Biden evaded paying millions in taxes by creating a scheme.
The whistleblower was the lead Internal Revenue Service (IRS) case agent for the Hunter Biden investigation and stated that Hunter established a scheme with a Ukrainian natural gas company and a Chinese business associate.
According to the whistleblower, Hunter Biden owned hundreds of thousands of dollars in taxes prior to his father becoming vice president of the United States.
In 2014, Hunter Biden received $666,667 from Burisma, the Ukrainian energy firm, and did not report it as income.
Instead, Hunter Biden put the money into a Chinese firm.
The whistleblower testified before the House Ways and Means Committee: “So essentially for 2014, we had found that Hunter didn’t report any of the money he earned from Burisma. So the reason why this is important is because Hunter set it up this way, to not — to essentially earn the money through his friend’s corporation and then have his friend pay him back half of the money as loans, quote, unquote, loans.”
Describing that the Justice Department believed Biden’s testimony that the money was a loan, the whistleblower said, “You can’t loan yourself your own money. It just doesn’t make any sense.”
Reporting from Breitbart:
The whistleblower also noted that Hunter Biden’s friend, a wealthy Hollywood celebrity lawyer named Kevin Morris, had paid off the $2.2 million that Hunter Biden owed the IRS for years 2014 through 2019. The whistleblower said on Hunter Biden’s 2020 tax returns he included a note that he had received financial support from Morris of $1.4 million, which both agreed to treat as a loan with 5% interest to be paid between 2025 and 2027. “The taxpayer is treating this amount as a loan for tax purposes. The balance of the financial support is treated as a gift. No amount of the support is treated as a reported taxable event on this return,” the note said.
