President-elect Joe Biden’s son, Hunter, made headlines in the wake of November’s election when he acknowledged he was the subject of a federal investigation into what he dubbed his “tax affairs.” Now, things just got worse for the soon-to-be first son.
According to The Washington Times, new evidence indicates the younger Biden faced an IRS bill that climbed into six-figure territory.
Accountant cites “miscommunication”
The Times article cited an email from his certified public accountant that referenced a “miscommunication” regarding his true tax liability.
Also included in the message was a warning that the total amount he owed in back taxes as of October 2018 was “substantial.”
The emails went on to reveal that the IRS would be assessing late fees. Among the amount determined to be in arrears was around $600,000 in personal taxes plus another $204,000 owed by his law firm.
Reports involving these emails stem from the discovery of a trove of communications to and from Hunter Biden found on a laptop he reportedly abandoned at a compute repair shop in Delaware.
In a statement last month, Hunter Biden publicly referenced his tax-related issues in a statement published on his father’s presidential transition website.
“Legally and appropriately”
“I learned yesterday for the first time that the U.S. Attorney’s Office in Delaware advised my legal counsel, also yesterday, that they are investigating my tax affairs,” the younger Biden said on December 9.
Hunter Biden also asserted that he was taking “this matter very seriously” while expressing confidence “that a professional and objective review of these matters will demonstrate that [he] handled [his] affairs legally and appropriately, including with the benefit of professional tax advisors.”
A related comment from the transition team declared: “President-elect Biden is deeply proud of his son, who has fought through difficult challenges, including the vicious personal attacks of recent months, only to emerge stronger.”
In September, a report from GOP members of the Senate Finance Committee found that Hunter Biden was involved in a confusing array of foreign financial dealing with former business partner Devon Archer.
“Hunter Biden and Devon Archer engaged in numerous financial transactions with Chinese nationals who had deep connections to the Communist Chinese government,” the report explained. “There exists a vast web of corporate connections and financial transactions between and among the Biden family and Chinese nationals.”