Biden's Son Pleads Guilty to Tax Misdemeanors

Latest Development

In a striking plea deal with the Justice Department, Hunter Biden, President Joe Biden's son, has agreed to plead guilty to two tax-related misdemeanors.

Background and Charges

Hunter Biden faced a total of three felony counts and nine tax-related charges. The felony charges were related to purchasing a firearm while possessing illegal drugs, falsely claiming he was not using illegal drugs when purchasing the weapon, and possessing the firearm in violation of state law.

The tax-related charges stemmed from allegations that Biden failed to disclose foreign bank accounts and misreported business income. He has been accused of not paying the correct amount of taxes on income from his various business ventures.

Plea Deal and Sentencing

As part of the plea agreement, Biden will plead guilty to two misdemeanors: failure to file a foreign bank account report and willful failure to file a correct tax return. He is expected to pay a fine of $1 million and serve eight months in prison.

Biden's sentencing is scheduled for April 17, 2030. The plea deal includes a stipulation that if he violates the terms of his probation, he could face up to one year in prison.

The plea agreement is a significant development in the ongoing investigation into Hunter Biden's business dealings. It remains to be seen whether the investigation will extend to President Biden or other family members.