US government agrees to drop tax claims against Trump in broadening of IRS lawsuit settlement
The agreement ends Trump’s $10 billion tax suit and creates a $1.8 billion fund for people who claim political prosecution, officials said.
- The U.S. government agreed to permanently drop tax claims and audits involving President Donald Trump, his sons and the Trump Organization as part of an expanded settlement over Trump’s lawsuit against the IRS.
- The settlement resolves Trump’s $10 billion lawsuit accusing the IRS and Treasury Department of failing to protect his confidential tax records after they were leaked by a contractor.
- The agreement also includes the creation of a nearly $1.8 billion “Anti Weaponization Fund” intended to compensate people who claim they were unfairly targeted by the government.
- Critics including Democratic lawmakers and ethics watchdogs condemned the deal as politically motivated and questioned whether the arrangement is legal because Trump oversees the agencies involved in the settlement.
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IRS to Drop Tax Claims Against Trump as Part of Settlement
The acting head of the U.S. Department of Justice said on May 19 that the agency added new terms favorable to President Donald Trump to the settlement of the president’s lawsuit over alleged IRS leaking of his tax returns. In a one-page addendum to the settlement, Acting U.S. Attorney General Todd Blanche said on May 19 that the IRS would no longer pursue claims against Trump, members of his family, or his businesses over allegedly unpaid taxes.…
U.S. government agrees to drop tax claims against Trump
WASHINGTON — The U.S. government will permanently drop tax claims against President Trump, according to a settlement document that is part of a deal to resolve Trump’s $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns.
New settlement term bars IRS from investigating Trump, his family for past tax issues
The Internal Revenue Service can’t bring claims against President Donald Trump, his family or businesses for past tax issues, according to additional terms added Tuesday to the settlement the Justice Department reached with Trump to resolve his $10 billion lawsuit against the IRS.
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