Connect with us

Hi, what are you looking for?

fortunateinvestments.comfortunateinvestments.com

World News

Hunter Biden sues IRS over disclosures

President Biden’s son Hunter Biden filed a lawsuit Monday against the Internal Revenue Service, charging that when agents who were investigating him told Congress and news reporters about their concerns that the case was not being managed properly, they violated his privacy rights as a taxpayer.

The lawsuit comes amid criminal charges and escalating legal battles surrounding the younger Biden, a failed plea deal and a nearly five-year investigation into his finances, taxes and a gun purchase.

Biden’s lawsuit says that while he has “all the same responsibilities as any other American citizen,” he also “has no fewer or lesser rights than any other American citizen, and no government agency or government agent has free reign to violate his rights simply because of who he is.”

Biden charges in the lawsuit that when two IRS agents went to Congress and news organizations complaining of alleged mishandling of the investigation by Justice Department officials, they disclosed information about the investigation, and about Biden’s taxes, that the law aims to keep secret.

“This assault on Mr. Biden’s rights involved the public disclosure of his confidential tax information during more than 20 nationally televised and non-congressionally sanctioned interviews and numerous public statements,” the lawsuit charges.

The disclosures included “detailed allegations regarding the specific tax years under investigation, the amounts of deductions, the nature of those deductions, and allegations of liability regarding specific tax years and the amount thereof, that could only be known to them based on a review of the physical tax returns themselves,” the lawsuit contends.

In recent months, Biden’s legal team has fired a number of legal salvos at those who have accused him of committing crimes and tried to implicate his father, President Biden, in the alleged wrongdoing.

The IRS lawsuit is Biden’s most aggressive move yet on that front, but it also comes at a time when he is besieged by legal issues.

He was indicted last week on gun charges — charges that were supposed to be resolved in a diversion agreement over the summer. The diversion deal and a related agreement to plead guilty to misdemeanor tax charges fell apart when the two sides could not agree on whether such a deal gave Biden immunity from additional possible criminal charges from the same period.

Special counsel David Weiss may soon file a new indictment against Hunter Biden in another federal court — potentially in California — over alleged tax crimes that the agents say they found in reviewing his finances from 2014 to 2019.

Also Monday, Biden’s lawyer Abbe Lowell fired off an angry letter to Rep. Jason T. Smith (R-Mo.), arguing that one of the improper disclosures about his client’s taxes in 2018 does not account for what Biden eventually paid later.

Biden previously paid more than $900,000 to the IRS as he tried to resolve the investigation, Lowell said. Biden’s lawyers and accountants believe he “overstated certain items of taxable income” for that year and is now, in fact, owed a refund.

“Mr. Biden will take all necessary steps to secure the refund of any and all overpayments of tax,” Lowell wrote.

This post appeared first on The Washington Post

You May Also Like

Stock News

The month of August has come to an end, and that means a focus on long-term trends, using monthly Relative Rotation Graphs in combination...

Stock News

And just like that, the tech stocks are now in full distribution mode. The bull market in stocks took a snooze to start the...

Business News

Workers at Mack Trucks have gone on strike Monday after rejecting a proposed contract between the company and the United Auto Workers union. The...

Stock News

September’s strong labor market—336,000 jobs added—initially shocked investors. Treasury yields and the US Dollar Index ($USD) spiked higher, while equity futures dropped. But a...