13638 Return-Path: Received: from ?IPv6:2601:193:4080:3190::9? ([2601:193:4080:3190::9]) by smtp.gmail.com with ESMTPSA id x5sm66974558qtc.43.2019.01.21.08.45.06 for (version=TLS1_2 cipher=ECDHE-RSA-AES128-GCM-SHA256 bits=128/128); Mon, 21 Jan 2019 08:45:07 -0800 (PST) From: Hunter Biden Content-Type: multipart/alternative; boundary="Apple-Mail=_85956A3A-2D98-438B-AC80-B430C4E73206" Mime-Version: 1.0 (Mac OS X Mail 12.2 \(3445.102.3\)) Subject: Fwd: Income Message-Id: References: <129EDE68-3048-41AA-A14B-AC5643680813@rosemontseneca.com> To: "George R. Mesires" Date: Mon, 21 Jan 2019 11:45:06 -0500 X-Mailer: Apple Mail (2.3445.102.3) --Apple-Mail=_85956A3A-2D98-438B-AC80-B430C4E73206 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=utf-8 Please get my accountant to send you returns from 17/18 > Begin forwarded message: >=20 > From: Eric Schwerin > Subject: Income > Date: January 16, 2017 at 3:11:11 PM EST > To: Hunter Biden >=20 > In 2013, your taxes reported $833,614 in income. =20 >=20 > In 2014, your taxes reported $847,328 in income. (To be amended at = $1,247,328) >=20 > In 2015, your taxes reported $2,478,208 in income. >=20 > 2013 and 2014 were normal years where your income was based pretty = much solely on income from Rosemont Seneca and Boies. In 2014 you = joined the Burisma board and we still need to amend your 2014 returns to = reflect the unreported Burisma income. That is approximately $400,000 = extra so your income in 2014 was closer to $1,247,328. =20 >=20 > The reason for the increased income in 2015 was that your income broke = down as follows: >=20 > $166,666 from Burnham (for RSA) > $216,000 from Boies > $365,403 from Owasco (for RSA) > $300,000 one time payment from Eudora (for the 1/3 of CitizensRx) >=20 > The above represents all the cash you received directly. >=20 > In addition, you reported $1,000,000 of income that all went to RSB = and you report $188,616 in income that also went to RSB. You didn=E2=80=99= t receive this in cash and it is in reality =E2=80=9Cphantom income=E2=80=9D= . =20 >=20 > So, of the approximately $2.5m in income you never really received = almost $1.2m of it. (My numbers are approximate but you get the idea.) >=20 > Of the $1,300,000 in cash you received you had to pay $751,294 in = taxes. Since you couldn=E2=80=99t have lived on approximately $550,000 = a year you =E2=80=9Cborrowed=E2=80=9D some money from RSB in advance of = payments. =20 >=20 > FYI, in 2014 and 2015 you also had expenses beyond the norm because = you renovated the house. Across 2014 and 2015 the renovation payments = totaled approx. $200,000. =20 >=20 > The numbers for 2016 haven=E2=80=99t been finalized yet but you made = at least the following: >=20 > $1,295,000 from Owasco, P.C. (representing Burisma and any Romania = payments) > $216,000 from Boies Schiller >=20 > Unlike the prior years you actually received the above cash but the = total income for 2016 won=E2=80=99t be close to 2015. =20 >=20 > Hope this makes sense. >=20 >=20 > Eric D. Schwerin > Rosemont Seneca Advisors, LLC > 1010 Wisconsin Ave., NW > Suite 705 > Washington, DC 20007 > (202) 333-1880 > eschwerin@rosemontseneca.com > P Consider the environment before printing this email. >=20 --Apple-Mail=_85956A3A-2D98-438B-AC80-B430C4E73206 Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Please get my accountant to send you returns from 17/18

Begin forwarded message:

From: = Eric Schwerin <eschwerin@rosemontseneca.com>
Subject: = Income
Date: = January 16, 2017 at 3:11:11 PM = EST
To: = Hunter Biden <hbiden@rosemontseneca.com>

In 2013, your = taxes reported $833,614 in income.

In 2014, your taxes reported $847,328 = in income. (To be amended at $1,247,328)

In 2015, your taxes reported $2,478,208 = in income.

2013 = and 2014 were normal years where your income was based pretty much = solely on income from Rosemont Seneca and Boies. In 2014 you = joined the Burisma board and we still need to amend your 2014 returns to = reflect the unreported Burisma income. That is approximately = $400,000 extra so your income in 2014 was closer to $1,247,328. =

The = reason for the increased income in 2015 was that your income broke down = as follows:

$166,666 from Burnham (for RSA)
$216,000 = from Boies
$365,403 from Owasco (for RSA)
$300,000 one time payment from Eudora (for the 1/3 of = CitizensRx)

The = above represents all the cash you received directly.

In addition, you = reported $1,000,000 of income that all went to RSB and you report = $188,616 in income that also went to RSB. You didn=E2=80=99t = receive this in cash and it is in reality =E2=80=9Cphantom income=E2=80=9D= .

So, = of the approximately $2.5m in income you never really received almost = $1.2m of it. (My numbers are approximate but you get the = idea.)

Of the = $1,300,000 in cash you received you had to pay $751,294 in taxes. = Since you couldn=E2=80=99t have lived on approximately $550,000 a = year you =E2=80=9Cborrowed=E2=80=9D some money from RSB in advance of = payments.

FYI, in 2014 and 2015 you also had expenses beyond the norm = because you renovated the house. Across 2014 and 2015 the = renovation payments totaled approx. $200,000.

The numbers for 2016 = haven=E2=80=99t been finalized yet but you made at least the = following:

$1,295,000 from Owasco, P.C. (representing Burisma and any = Romania payments)
$216,000 from Boies = Schiller

Unlike = the prior years you actually received the above cash but the total = income for 2016 won=E2=80=99t be close to 2015.

Hope this makes = sense.

Eric D. Schwerin
Rosemont Seneca = Advisors, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) = 333-1880
eschwerin@rosemontseneca.com
P Consider the environment = before printing this email.

= --Apple-Mail=_85956A3A-2D98-438B-AC80-B430C4E73206-- conversation-id 35959 date-last-viewed 1639616871 date-received 1548089107 flags 8623750145 remote-id 314439