IRS weighed Hunter Biden felony charge for raiding daughter’s college fund of $40K after he spent most of it on drugs, hookers
By Josh Christenson
Published Oct. 6, 2023, 6:12 p.m. ET
The IRS considered hitting first son Hunter Biden with felony tax charges over his removal of nearly $40,000 from his daughter’s college fund and failure to report it as additional income on his 2019 returns — while still using much of the windfall to pay for crack cocaine and hookers.
IRS Special Agent Joseph Ziegler told the House Ways and Means Committee that federal tax investigators uncovered “approximately $39,820” that Hunter Biden, now 53, looted from his high school-aged daughter Maisy’s 529 college savings plan.
The Daily Mail first reported on the ill-advised decision to empty the account.
A few weeks prior, Hunter had dodged a family intervention and instead holed up in a hotel to smoke crack, according to his 2021 memoir “Beautiful Things.”
After liquidating Maisy’s college savings, he went even deeper into the throes of his addiction in the coming months, sending payments to his drug dealer, a webcam service and prostitutes in the following weeks, emails on his laptop show.
The IRS also found “personal distributions he had claimed as business deductions totaling approximately $12,791,” according to Ziegler’s affidavit to the House panel on the five-year federal probe into the first son’s finances.
But after having recommended felony charges for the $52,611 in unreported income, federal prosecutors pursued a misdemeanor tax count for failing to pay $22,860 in taxes on it.
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https://nypost.com/2023/10/06/irs-sought-charges-for-hunter-biden-raiding-40k-from-his-daughters-college-fund-for-drugs-hookers/
