Thread via Will Scharf
He’s making a list, deducting it twice, gonna find out which stripper he likes.
Hunter Biden’s coming to town!
A thread of my favorite lines from the new Hunter Biden tax fraud indictment.
Hunter spent money on literally “everything but his taxes.”
luxury hotels ✅
“items of a personal nature ✅
Hunter spent over twice as much on porn and strippers (adult entertainment) than he did on rehab.
I pity the AUSA or agent who had to decipher Hunter’s text messages.
This is one where he excoriates his assistant after he failed to notice his tax return sitting on his own desk for over a month:
Hunter makes the absolute worst excuses for everything.
When his ex-wife found unfiled two year old tax returns sitting in the trunk of his car, he tried to claim they were copies, even though there were literally checks attached to them.
Hunter told his ex-wife that he couldn’t pay alimony because he had to pay his taxes.
But then didn’t pay his taxes either.
With the IRS and his accountant breathing down his neck, and hundreds of thousands in tax payments due, Hunter takes care of what’s really important:
His boat payment.
Hunter *forgets* to tell his accountants about his forthcoming memoir that contradicts literally everything he is telling them about his business life and expenses:
An excerpt from Hunter’s memoir paints a picture of his actual entourage at a time when he was supposedly racking up hundreds of thousands of “business expenses” —
An “ant trail of dealers and their sidekicks . . . [and] [t]heir stripper girlfriends”:
Hunter pays $1,500 to a stripper, purportedly for “artwork.”
But Special Counsel Weiss has now confirmed that the stripper did not in fact provide hunter with any artwork.
Hunter’s secretary gets very upset when she finds out that Hunter is paying random girlfriends and ex-girlfriends as much as he is paying her.
Hunter also loses track of which girlfriends he’s paying, and how much he is paying them.
Now some practical advice:
It’s important to note that “bacchanal” expenses are not deductible business expenses.
Flying a stripper out to see you is not a deductible business expense.
Membership fees for a “sex club” are not deductible business expenses, even if you call the money a “golf membership deposit.”
$27,316 in payments to a porn site are not deductible business expenses, even if you use a business line of credit to make the payments.
Post your favorites if I missed any good ones!