Hunter Biden took out a loan pay off more than $1million in back taxes after a federal investigation was launched into his tax affairs in late 2020.
Associates close to the president’s son confirmed the payment to the New York Times, alleging Biden financed the federal tax liability in recent months. The exact amount of his loan or date of payment was not made public.
Biden’s tax payment was made as a grand jury in Delaware continues to investigate his international business dealings, with critics saying he was only offered such opportunities because his father Joe Biden was vice president at the time.
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