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.
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.
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.