Biden likely to avoid IRS audit that could’ve revealed if he made money from Hunter’s deals

I will vote for Biden to pay those taxes about the same time the Rump pays back all the money his Rump Industries charged for all those Vacations. Rump would have to pay back at least 100 million.
Wow, that didn't take long. Yet another incapable of defending Quid Pro without resorting to TRUMP!.
 
Just pointing out the hypocrisy of Trump Humpers, why is it you want to hold everyone else to different standards than you hold Trump?
And I'm pointing out how incredibly rare it is that anyone defends Quid Pro without resorting to TRUMP!. It's like he can't stand on his own two feet or something. Quite frankly, I have no interest in seeing Quid Pro's tax returns because I assume that the IRS has been over them with a fine tooth comb like they did TRUMP!'s, and if they didn't find any illegal activity, I'm for sure not going to either.

Now, if the IRS proves to be corrupt and letting liberal politicians slide on things, then I would like an investigation and housecleaning.
 
And where is the MSM? Oh, right, they are the most useless group in the history of America. Thankfully are in the process of completely self-destructing. Good!


President Biden is likely to avoid an audit that could reveal whether he made money from his son Hunter Biden’s overseas business dealings — because the Internal Revenue Service has rejected a whistleblower complaint that alleged he owes at least $127,000 in taxes, The Post has learned.
The IRS allows people to inform on fellow taxpayers and win a slice of the proceeds — prompting Chris Jacobs, a former Republican staffer on Capitol Hill, to submit complaints against Biden and his accountant, though he said he didn’t want any financial reward.
Jacobs shared with The Post a reply from the IRS titled “denial” that explained that the government didn’t use his information.
Tax law expert Bob Willens, who teaches at Columbia University’s business school, said the rejection means Biden is likely to run out a three-year statute of limitations, meaning Republican claims that Biden owes up to $500,000 in taxes are unlikely to be resolved.
“It looks like the question of whether the president underpaid his Medicare taxes will never be aired,” Willens told The Post.
The dispute concerns more than $13 million that Joe and Jill Biden routed through S corporations in 2017 and 2018 to avoid paying a 3.8 percent Medicare tax on most of the haul by declaring a small part of it as “salary.” Many wealthy people use S corporations to lower their tax bills and the IRS pursues relatively few cases of lowballing the amount of income that counts as taxable.
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Bbbuut Trump's tax returns!!!!!
 
And where is the MSM? Oh, right, they are the most useless group in the history of America. Thankfully are in the process of completely self-destructing. Good!


President Biden is likely to avoid an audit that could reveal whether he made money from his son Hunter Biden’s overseas business dealings — because the Internal Revenue Service has rejected a whistleblower complaint that alleged he owes at least $127,000 in taxes, The Post has learned.
The IRS allows people to inform on fellow taxpayers and win a slice of the proceeds — prompting Chris Jacobs, a former Republican staffer on Capitol Hill, to submit complaints against Biden and his accountant, though he said he didn’t want any financial reward.
Jacobs shared with The Post a reply from the IRS titled “denial” that explained that the government didn’t use his information.
Tax law expert Bob Willens, who teaches at Columbia University’s business school, said the rejection means Biden is likely to run out a three-year statute of limitations, meaning Republican claims that Biden owes up to $500,000 in taxes are unlikely to be resolved.
“It looks like the question of whether the president underpaid his Medicare taxes will never be aired,” Willens told The Post.
The dispute concerns more than $13 million that Joe and Jill Biden routed through S corporations in 2017 and 2018 to avoid paying a 3.8 percent Medicare tax on most of the haul by declaring a small part of it as “salary.” Many wealthy people use S corporations to lower their tax bills and the IRS pursues relatively few cases of lowballing the amount of income that counts as taxable.
...



Clearly the IRS found no evidence of any fraud. The dispute was over how reported income was handled. There is no evidence that Joe Biden had anything to do with Hunter Biden's businesses. Worth noting that Joe Biden has supported raising taxes on the rich.
 

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