Friday, May 6, 2022

What happens in a one party country...what's his tax rate when you add in the unreported income?

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

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.


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