Legal experts have long warned that Hunter Biden, the son of former Vice President Joe Biden, faces a real chance of jail time if convicted on the new tax felony charges brought against him in late October. The charges, filed by U.S. Attorney General William Barr, include one count of filing false federal income tax returns, one count of failing to file a suspicious activity report related to money laundering, and one count of making a false statement related to a bank account.
Experts claim that the decision of the Department of Justice to charge Hunter Biden with felonies is a sign of the severe consequences those accused of serious tax violations can face. Given the severity of the charges, jail time is a very real possibility upon conviction – especially considering Hunter Biden’s significant wealth.
Though Hunter Biden has denied the tax charges, the allegations have put him in a precarious position. Even those who have the means to pay high legal fees risk not only incarceration, but also hefty fines and restitution if convicted on tax-related charges as serious as these.
Because tax law seldom provides much in the way of mitigating circumstances, it is important for wealthy individuals such as Hunter Biden to take the necessary steps to abide by the law to avoid such severe consequences as these. Typically, this includes hiring reputable tax attorneys and accountants who can provide the advice and guidance needed to stay within the law.
It is important to note, however, that the charges against Hunter Biden have yet to be proven in a court of law. Thus, whatever the outcome is, whether or not he faces jail time, is yet to be seen.