Joe Biden's son Hunter Biden tax-related federal investigations: All you need to know

US President Joe Biden's son Hunter Biden has lately been a subject of extensive scrutiny and investigations into his financial dealings. He also recently reached a plea deal regarding tax-related federal misdemeanor counts and a deferred prosecution agreement on a felony gun charge after a five-year investigation by the Justice Department, however, he may avoid jail time if judge signs off the deal.

The Justice Department probe, led by U.S. Attorney David Weiss, a Trump-era appointee, began in 2018 and focused on potential tax evasion and allegations of falsifying information on a gun application. However, it gained public attention in December 2020 — at the same time when Joe Biden won the election to become the US President — and Hunter Biden acknowledged the probe into his "tax affairs."

Authorities have been examining whether he paid the correct taxes on his substantial income, including earnings from foreign business ventures. They also explored claims that he misrepresented his drug use on a gun application. Reports also suggest that Hunter Biden borrowed $2 million to settle tax debts owed to the Internal Revenue System.


During the investigation, a grand jury in Delaware heard testimony from several witnesses, including Hunter Biden's business associates and the mother of his child. Hunter Biden has maintained his cooperation with investigators and remained “100% certain” of eventual acquittal.

Biden Denies Any Involvement

President Biden has repeatedly asserted that he and his son never discussed Hunter's foreign business dealings, and there is no indication that the federal investigation involves the president in any wrongdoing. The White House has also distanced President Biden from the probe.

At the same time, congressional Republicans have initiated their own investigation into Hunter Biden and his father. The House Oversight Committee issued a subpoena to the FBI, requesting records related to an alleged criminal scheme involving Joe Biden and a foreign national in exchange for policy decisions. The Biden administration has dismissed the accusation as “anonymous innuendo”.

Internal Revenue System supervisor alleges of ‘mishandling’

In addition, an IRS supervisor alleged possible mishandling of the Hunter Biden investigation by the administration, leading to concerns about conflicts of interest and preferential treatment. Attorney General Merrick Garland, however, has defended the integrity of the investigation.

Despite these investigations, President Biden has downplayed their significance. The Biden administration maintains that the investigations are politically motivated, and the president's focus remains on governing and addressing pressing national issues.

FAQs

Q1. What is the net worth of Hunter Biden?
A1. As per reports, Hunter Biden, who is a lawyer by profession, has a net worth of $230 million.

Q2. Where is Hunter Biden from and how old is he?
A2. Hunter Biden is 53-year-old, as of June 2023. He was born in Wilmington, Delaware, United States.