IRS Whistleblowers and Devon Archer - House Oversight

[Anonymous]

Anonymous wrote:

2018

[Anonymous]

Anonymous wrote:

Since you posted this, what is the crime?

[Anonymous]

Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

[Anonymous]

Anonymous wrote:Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

i.e., Joe did not GAIN anything from this transaction.

[Anonymous]

even if he had...it was in 2018 when he wasn't in office.

[Anonymous]

Anonymous wrote:Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

I thought they were looking for the documentation on the loan from Joe to Jim Biden. Has this already been found?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

I thought they were looking for the documentation on the loan from Joe to Jim Biden. Has this already been found?

We loaned my sister a significant amount without any documentation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

I thought they were looking for the documentation on the loan from Joe to Jim Biden. Has this already been found?

We loaned my sister a significant amount without any documentation.

I thought you needed loan documentation for IRS purposes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

I thought they were looking for the documentation on the loan from Joe to Jim Biden. Has this already been found?

We loaned my sister a significant amount without any documentation.

I thought you needed loan documentation for IRS purposes.

Not if you don’t charge interest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

I thought they were looking for the documentation on the loan from Joe to Jim Biden. Has this already been found?

We loaned my sister a significant amount without any documentation.

I thought you needed loan documentation for IRS purposes.

Not if you don’t charge interest.

The AFR is used by the IRS as a point of comparison versus the interest on loans between related parties, such as family members.3 If you were giving a loan to a family member, you would need to be sure that the interest rate charged is equal to or higher than the minimum applicable federal rate.

https://www.investopedia.com/terms/a/applicablefederalrate.asp

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

I thought they were looking for the documentation on the loan from Joe to Jim Biden. Has this already been found?

We loaned my sister a significant amount without any documentation.

I thought you needed loan documentation for IRS purposes.

Not if you don’t charge interest.

The AFR is used by the IRS as a point of comparison versus the interest on loans between related parties, such as family members.3 If you were giving a loan to a family member, you would need to be sure that the interest rate charged is equal to or higher than the minimum applicable federal rate.

https://www.investopedia.com/terms/a/applicablefederalrate.asp

Not if there is no interest. I can give someone $5,000 and they can give me $5,000 back in the future. There is no need to keep a record of that transaction.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

I thought they were looking for the documentation on the loan from Joe to Jim Biden. Has this already been found?

We loaned my sister a significant amount without any documentation.

I thought you needed loan documentation for IRS purposes.

Not if you don’t charge interest.

The AFR is used by the IRS as a point of comparison versus the interest on loans between related parties, such as family members.3 If you were giving a loan to a family member, you would need to be sure that the interest rate charged is equal to or higher than the minimum applicable federal rate.

https://www.investopedia.com/terms/a/applicablefederalrate.asp

Not if there is no interest. I can give someone $5,000 and they can give me $5,000 back in the future. There is no need to keep a record of that transaction.

If you loan money between family members and don’t charge interest, then the amount of the forgone interest at the AFR rate is considered to be imputed income and taxed accordingly. Those rules don’t apply for $5k loan, but do for $200k loan.

[Anonymous]

I suppose one of the benefits of watching the GOP self-immolate is the fact that we don't have to listen to Comer saying "any day now..."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

I thought they were looking for the documentation on the loan from Joe to Jim Biden. Has this already been found?

We loaned my sister a significant amount without any documentation.

I thought you needed loan documentation for IRS purposes.

Not if you don’t charge interest.

The AFR is used by the IRS as a point of comparison versus the interest on loans between related parties, such as family members.3 If you were giving a loan to a family member, you would need to be sure that the interest rate charged is equal to or higher than the minimum applicable federal rate.

https://www.investopedia.com/terms/a/applicablefederalrate.asp

Not if there is no interest. I can give someone $5,000 and they can give me $5,000 back in the future. There is no need to keep a record of that transaction.

If you loan money between family members and don’t charge interest, then the amount of the forgone interest at the AFR rate is considered to be imputed income and taxed accordingly. Those rules don’t apply for $5k loan, but do for $200k loan.

So the big crime here is that Biden did not report about $1000 in interest income that he could've had had he charged interest?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Apparently the committee is being selective in what they are releasing — they conveniently forgot the bank records that showed Joe Biden actually loaned James Biden money in January 2018. I guess James paid Joe back when Americore LLC paid James for whatever. In other words, Joe did not benefit in any way.

I thought they were looking for the documentation on the loan from Joe to Jim Biden. Has this already been found?

We loaned my sister a significant amount without any documentation.

I thought you needed loan documentation for IRS purposes.

Not if you don’t charge interest.

The AFR is used by the IRS as a point of comparison versus the interest on loans between related parties, such as family members.3 If you were giving a loan to a family member, you would need to be sure that the interest rate charged is equal to or higher than the minimum applicable federal rate.

https://www.investopedia.com/terms/a/applicablefederalrate.asp

Not if there is no interest. I can give someone $5,000 and they can give me $5,000 back in the future. There is no need to keep a record of that transaction.

If you loan money between family members and don’t charge interest, then the amount of the forgone interest at the AFR rate is considered to be imputed income and taxed accordingly. Those rules don’t apply for $5k loan, but do for $200k loan.

So the big crime here is that Biden did not report about $1000 in interest income that he could've had had he charged interest?

While he wasn’t President, and he wasn’t Vice President, and he wasn’t running for President?