IRS will not pursue Trump for back taxes under settlement agreement
Summary
The IRS will not go after President Donald Trump, his family, or his businesses for back taxes due to a settlement agreement made with the Justice Department. In return, President Trump dropped a $10 billion lawsuit against the IRS related to leaked tax returns, and a $1.7 billion fund was set up to compensate certain people who feel they were unfairly prosecuted.Key Facts
- The IRS agreed not to pursue tax claims against President Trump, his family, or the Trump Organization as part of a settlement.
- President Trump, his sons Eric and Donald Jr., and the Trump Organization sued the IRS in January seeking $10 billion over leaked tax returns.
- A former IRS contractor pleaded guilty in 2023 for leaking President Trump’s and others’ tax information, receiving a five-year prison sentence.
- President Trump dropped the lawsuit in exchange for creating a $1.7 billion compensation fund for people claiming unfair prosecution under the Biden administration.
- President Trump himself cannot receive money from this "Anti-Weaponisation Fund."
- The settlement states the IRS is "forever barred" from pursuing any tax claims against Trump and related parties pending as of May 18, 2026.
- Acting Attorney General Todd Blanche, who signed the settlement, defended the fund against criticism that it favors Republicans and allies of President Trump.
- President Trump is the first recent US president not to publicly release his tax returns, citing ongoing IRS audits.
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