Joe Biden impeachment inquiry

#652
#652
According to the U.S. Code, that figure is $10,000. It’s referred to as the “de minimis exception” — referring to small loans from the tax agency’s perspective. The person receiving the money must not use the loan to generate income: As the U.S. Code states, “De minimis exception not to apply to loans attributable to acquisition of income-producing assets.” So, if you’re planning to lend loved ones some financial support, keeping it under $10,000 (and making sure the loan funds are not set to generate income) is wise.

If you want to loan more than $10,000, then there are some specific rules you have to follow. You’ll want to charge interest and it should be at least the same amount (or greater) than the current applicable federal rate (AFR) of the month during which you begin the loan agreement. The interest rate set should be reflective of the length of the loan term (short, mid or long) that you set up with your beneficiary, as noted by Pigeon, a peer-to-peer app that helps establish formal loan agreements. A record of AFRs appears on the official IRS.gov website, here.

The gansta Capone was imprisoned on tax fraud. Just a thought.
 
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#653
#653
#654
#654

EXCLUSIVE: Former White House Ethics Lawyer says Joe Biden MUST Produce Proof of His $200K Loan To Brother James after Republicans revealed Personal Check they claim is evidence of Biden family's influence peddling​


  • James Biden took money from his health care business Americore and sent it directly to Joe Biden, according to bankruptcy court documents
  • James was able to receive the loans based upon 'representations' that his last name, 'Biden,' could 'open doors'
Ex-White House ethics lawyer Richard Painter is demanding Joe Biden release proof of a $200,000 loan to his brother, after a bombshell check was published by Congress today.

The House Oversight Committee published evidence on Friday that the President's brother James Biden received a $200,000 loan from a healthcare company he was working with in March 2018 – and the same day wrote a check for the same amount to Joe, marking it as a 'loan repayment'.

It is the first evidence of large direct payments to the President from Biden family members involved in shady overseas deals, and was obtained via a Congressional subpoena of James and First Son Hunter Biden's bank records.

In an exclusive interview with DailyMail.com, Bush administration White House ethics chief Painter said that the President could face serious consequences if he can't produce evidence the supposed loan is real, and demanded his aides show the receipts.


'What is absolutely critical here is to find documentation of the original loan from the President to his brother, and the President should produce that,' Painter said.

'If there was no loan, there are serious questions about whether this was income for tax purposes in 2018. That's really a huge problem.

Painter also questioned why payments on the alleged loan were not reported on Joe's government ethics forms.

When he announced his bid for President in 2019, he was required to file a statement with the Office of Government Ethics (OGE) listing his income, assets and liabilities dating back to 2017.

OGE rules say Joe did not have to report the loan itself on his disclosure forms. But Painter said interest earned on the loan could be reportable as an income source for the then-presidential candidate.

www.dailymail.co.uk

Ex-White House ethics lawyer says Joe Biden MUST produce proof of loan

Ex-White House ethics lawyer Richard Painter is demanding Joe Biden release proof of a $200,000 loan to his brother, after a bombshell check was published by Congress today.
www.dailymail.co.uk www.dailymail.co.uk
 
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#655
#655
Franklin Pierce said:

EXCLUSIVE: Former White House Ethics Lawyer says Joe Biden MUST Produce Proof of His $200K Loan To Brother James after Republicans revealed Personal Check they claim is evidence of Biden family's influence peddling​


  • James Biden took money from his health care business Americore and sent it directly to Joe Biden, according to bankruptcy court documents
  • James was able to receive the loans based upon 'representations' that his last name, 'Biden,' could 'open doors'
Ex-White House ethics lawyer Richard Painter is demanding Joe Biden release proof of a $200,000 loan to his brother, after a bombshell check was published by Congress today.

The House Oversight Committee published evidence on Friday that the President's brother James Biden received a $200,000 loan from a healthcare company he was working with in March 2018 – and the same day wrote a check for the same amount to Joe, marking it as a 'loan repayment'.

It is the first evidence of large direct payments to the President from Biden family members involved in shady overseas deals, and was obtained via a Congressional subpoena of James and First Son Hunter Biden's bank records.

In an exclusive interview with DailyMail.com, Bush administration White House ethics chief Painter said that the President could face serious consequences if he can't produce evidence the supposed loan is real, and demanded his aides show the receipts.


'What is absolutely critical here is to find documentation of the original loan from the President to his brother, and the President should produce that,' Painter said.

'If there was no loan, there are serious questions about whether this was income for tax purposes in 2018. That's really a huge problem.

Painter also questioned why payments on the alleged loan were not reported on Joe's government ethics forms.

When he announced his bid for President in 2019, he was required to file a statement with the Office of Government Ethics (OGE) listing his income, assets and liabilities dating back to 2017.

OGE rules say Joe did not have to report the loan itself on his disclosure forms. But Painter said interest earned on the loan could be reportable as an income source for the then-presidential candidate.

www.dailymail.co.uk

Ex-White House ethics lawyer says Joe Biden MUST produce proof of loan

Ex-White House ethics lawyer Richard Painter is demanding Joe Biden release proof of a $200,000 loan to his brother, after a bombshell check was published by Congress today.
www.dailymail.co.uk www.dailymail.co.uk
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i assumed his brother was well off..why a loan for 200K
 
#658
#658
evillawyer said:
Whomp whomp goobers.

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Context literally never mattered in any situations regarding Trump so why should it matter to your side now? Throw sh1t to the wall and make wild headline accusations while knowing the evidence isn’t there is the Dem playbook. Reps just decided to use it too so you should be good with it.
 
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#660
#660
Orangeburst said:
Goldman lied

oversight.house.gov

Comer Releases Evidence of Direct Payment to Joe Biden - United States House Committee on Oversight and Accountability

United States House Committee on Oversight and Accountability
oversight.house.gov oversight.house.gov

Even if this was a personal loan repayment, it’s still troubling that Joe Biden’s ability to be paid back by his brother depended on the success of his family’s shady financial dealings.
Click to expand...

Would ever hire these lawyers on VolNation? Most have terrible instincts when you see them use an X, formerly Twitter, post as unverified fact. Maybe it's willful ignorance or being a useful idiot. Either way, they don't make them like they used to.
 
#661
#661
BreatheUT said:
Jose is a crook and you know it. Maybe him knowing he's in deep dodo and Hunter will get jail time will age him another 5 years in 6 months.
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Just for context here. Rudy Giuliani was mayor of New York. He left office and went back into private practice. He immediately becomes a named equity partner at Bracewell Giuliani, but does no real legal work. He was there solely because of his status and contacts. He had lots of contacts from his time as mayor and as head of the SDNY. This is what famous political figures do after they leave office and government employment. If you wanna create a law preventing this, fine, do it, but until then, you're just screaming into the void.
 
#662
#662
evillawyer said:
Just for context here. Rudy Giuliani was mayor of New York. He left office and went back into private practice. He immediately becomes a named equity partner at Bracewell Giuliani, but does no real legal work. He was there solely because of his status and contacts. He had lots of contacts from his time as mayor and as head of the SDNY. This is what famous political figures do after they leave office and government employment. If you wanna create a law preventing this, fine, do it, but until then, you're just screaming into the void.
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For the record, I'm not specifically addressing the $200k. There is a lot more transactions to be concerned about with crooked Joe.
 
#664
#664
evillawyer said:
So what else do you got?
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It's an ongoing investigation. There are a numerous shell companies and foreign bank accounts to get through which is a staple of money laundering and criminal activity.


oversight.house.gov

Evidence of Joe Biden’s Involvement in His Family’s Influence Peddling Schemes - United States House Committee on Oversight and Accountability

United States House Committee on Oversight and Accountability
oversight.house.gov oversight.house.gov

The FBI’s June 30, 2020 FD-1023 form contains allegations that then-Vice President Joe Biden allegedly engaged in an extortion scheme where he was paid $5 million in exchange for certain actions.
 
#669
#669

EXCLUSIVE: Joe Biden Paid nearly $2.75 Million CASH for Rehoboth Beach house within weeks of Hunter sending 'threatening' text to Chinese business partner Demanding to close $10 Million deal​

  • DailyMail.com can reveal that Joe Biden bought his six-bedroom Rehoboth Beach house in June 2017 for $2,744,001 cash
  • The transaction was within weeks of a questionable text that Hunter Biden sent to a Chinese associate demanding to seal a deal worth $10million a year
  • 'I am sitting here with my father and we would like to understand why the commitment made has not been fulfilled,' Hunter wrote on WhatsApp
It's Joe Biden's favorite place – his summer home in Delaware where he has decamped dozens of times during his 1,000 days as Commander-in-Chief.

As DailyMail.com revealed on Tuesday he has spent at least 300 of those days either in the country's second smallest state or on vacation.

He bought the home at a time that it appeared his political career was over – five months after his Vice-Presidency had ended he was well into his 70s and after all he had decided to forgo a 2016 run for the top job.

DailyMail.com has discovered that then-private-citizen Biden, who had spent virtually all his adult life in public service, bought the home for slightly under $2.75 Million – in cash.


And making the transaction even stranger it was within weeks of a highly questionable text that Hunter had sent to Henry Zhao, an associate at Chinese oil giant CEFC asking to seal a deal worth $10 million a year.

1697903491696.png

www.dailymail.co.uk

Joe Biden paid nearly $2.75million in CASH for his Rehoboth Beach home

DailyMail.com can reveal that Joe Biden bought his six-bedroom Rehoboth Beach house in June 2017 for $2,744,001 cash.
www.dailymail.co.uk www.dailymail.co.uk
 
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#671
#671
First, Joe Biden wasn't a public official of any kind in 2018. Second, family members seldom prepare receipts for loans to other direct family members, even for large sums. Biden is not obligated to produce a receipt, even if he got one. And if there was a receipt, it was probably trashed 5 or more years ago as there would be no reason to keep it after repayment. It's a /family/ loan. Biden is not obligated to account for every check he wrote or received as a private citizen just because a bunch of GOP yahoos want to smear him.
 
#672
#672
turbovol said:
First, Joe Biden wasn't a public official of any kind in 2018. Second, family members seldom prepare receipts for loans to other direct family members, even for large sums. Biden is not obligated to produce a receipt, even if he got one. And if there was a receipt, it was probably trashed 5 or more years ago as there would be no reason to keep it after repayment. It's a /family/ loan. Biden is not obligated to account for every check he wrote or received as a private citizen just because a bunch of GOP yahoos want to smear him.
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LOL A $200k loan has serious tax implications so only a fool makes such a large loan without documentation.
 
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#673
#673
James Biden's attorney, Paul Fishman...

"The Oversight Committee's description of the $200,000 check is highly selective and misleading," Fishman said. "The Committee has the bank documents that show both the loan Jim received from his brother in January 2018 and the repayment by check six weeks later. At no time did Jim involve his brother in any of his business relationships."
 
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