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Report: Newly discovered Hunter Biden email details $400K in unreported income from Burisma
Hunter Biden did not report “approximately $400,000” in income he received from his role on the board of a Ukrainian energy firm, according to an attorney for his firm who remarked that his tax returns needed to be amended, an email obtained by Fox News shows.
Last week, President-elect Joe Biden‘s son confirmed that he was under federal investigation for his “tax affairs.”
The email from January 16, 2017, which was first reported by NBC News on Friday, detailed Hunter Biden’s income for the years 2013 through 2015 for tax purposes. The unreported $400,000 comes from 2014, the year he joined the Ukrainian firm Burisma Holdings, according to reports.
RELATED: Biden says ‘I’m proud of my son’ to reporter who asked if Hunter committed a crime
The email was supposedly sent to Hunter Biden from Eric Scherwin, who at the time served as president of Rosemont Seneca, an investment and advisory firm which Biden helped found. Fox News writes on Monday that it could not verify its authenticity.
“In 2014, you joined the Burisma board and we still need to amend your 2014 returns to reflect the unreported Burisma income,” Scherwin wrote to Hunter Biden. “That is approximately $400,000 extra so your income in 2014 was closer to $1,247,328.”
The email stated that in 2013 Hunter Biden’s taxes reported “$833,614 in income,” in 2014 “your taxes reported $847,328 in income. (To be amended at $1,247,328),” and in 2015 reported $2,478,208 in income.”
Scherwin characterized Hunter Biden’s income in 2013 and 2014 as “normal years” when his income “was based pretty much solely on income from Rosemont Seneca and Boies.”
Furthermore, Scherwin then explained that Hunter Biden’s “increased income in 2015,” noting that he collected “$166,666 from Burnham (for RSA), $216,000 from Boies, $365,403 from Owasco (for RSA), $300,000 one time payment from Eudora (for the 1/3 of CitizensRx).”
“The above represents all the cash you received directly,” Scherwin wrote. “In addition, you reported $1,000,000 of income that all went to RSB and you reported $188,616 in income that also went to RSB.”
“You didn’t receive this in cash and it is in reality ‘phantom income,’” he added.
Want more information about this story? Read the full original Fox News report here.
You can follow Douglas Braff on Twitter @Douglas_P_Braff.
In a significant development, Hunter Biden, the son of President Joe Biden, was indicted on Thursday on federal gun charges as part of Special Counsel David Weiss’ ongoing investigation. The indictment alleges that Hunter Biden made false statements during the purchase of a firearm, among other charges.
The charges against Hunter Biden include:
• Making a false statement in the purchase of a firearm
• Making a false statement related to information required to be kept by a federal firearms licensed dealer
•Possession of a firearm by a person who is an unlawful user of or addicted to a controlled substance
According to the indictment, the alleged incident occurred on or about October 12, 2018, in the District of Delaware. Hunter Biden is accused of knowingly making a false and fictitious written statement during the acquisition of a Colt Cobra 38SPL Revolver. According to reports from Fox News, the statement, submitted on Form 4473, falsely certified that he was not an unlawful user of, and addicted to, any stimulant, narcotic drug, or controlled substance.
Furthermore, the indictment further states that between October 12, 2018, and October 23, 2018, in the District of Delaware, Hunter Biden knowingly possessed the same firearm despite being an unlawful user of and addicted to controlled substances. This marks the first set of charges brought by Special Counsel David Weiss against Hunter Biden since being granted special counsel status.
The investigation came to public attention when it was reported by Fox News in 2021 that police had responded to an incident in 2018 involving a gun owned by Hunter Biden.
Reports state that, Hallie Biden, the widow of President Biden’s late son, Beau, who was in a relationship with Hunter at the time, discarded the gun. Hunter’s gun was thrown away in a dumpster near a market, located close to a school. It was subsequently revealed that Hunter Biden had purchased a gun earlier that same month.
Hunter Biden’s legal troubles do not end with the gun charges. Earlier in July, an original plea agreement collapsed, which would have seen him plead guilty to two misdemeanor tax counts for willful failure to pay federal income tax, thus avoiding jail time on a felony gun charge. Instead, he pleaded not guilty to two misdemeanor tax charges and one felony gun charge.
Attorney General Merrick Garland appointed David Weiss as special counsel to oversee the Hunter Biden investigation and related matters. The White House has declined to comment on these developments, which continue to draw significant public and media attention.
Follow Alexander Carter on Twitter @AlexCarterDC for more!
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