I started from scratch to make it simpler. Attached is a spreadsheet showing all income received by RSB on Hunter’s behalf for 2014 and 2015. In addition, I have listed all payments received by Hunter from RSB for the same time periods.
If you look at these numbers for 2015, Hunter received $1,021,946.56 in income that he has not yet accounted for for taxes purposes. This includes 10 Burisma payments of $83,333 a month and a distribution of $188,616.56 (that we had not discussed previously) from “Rosemont Realty” which were the proceeds from an equity interest that Hunter owned and which he “contributed to RSB”.
In 2015, RSB paid Hunter $414,479.00. As a result, Hunter is owed $607,467.56 from RSB.
However, of that $607,467.56, $277,775 was paid to Alex as a Finders Fee (I was told that Alex’s payments went through October 2015 not August as I originally thought). That money has already left RSB and gone to Alex. It would be impossible to have Alex return that money to RSB so that it could go back to Hunter and then have Hunter pay it directly. I did confirm with our personal accountant that those payments to Alex could be treated as an expense. Just not sure how to handle from a moving money around perspective.
If we deduct the Alex payments from what Hunter is owed, there should be $329,692.56 in RSB that could be paid to Hunter to make him whole. I am confirming that this money is in the account but we need to be prepared for the fact that it may not be.
So, based on all of the above and minus the payments made to Alex, Hunter should ultimately have $744,170.56 in reportable income that passed through RSB and he should be owed $329,692.56 from RSB which could be used to pay any taxes on this.
I am putting off 2014 for now but the numbers are included on the attached spreadsheet.
Let me know if you have any questions or I did anything erroneously.
Thanks,
Eric