How Trump's IRS settlement could block tax audits of him, his family and their businesses
Summary
The U.S. Department of Justice settled President Donald Trump’s lawsuit over leaked tax returns, creating a $1.8 billion fund to compensate those unfairly investigated. The settlement includes an addendum that stops the IRS from auditing tax returns filed by Trump, his family, and their businesses before May 19, 2026, blocking some ongoing or potential tax reviews.Key Facts
- President Trump sued the IRS for $10 billion, claiming tax return leaks harmed him and his family.
- The Department of Justice agreed to a settlement with a $1.8 billion compensation fund for affected people.
- An addendum to the settlement bars the IRS from auditing Trump, his family, and their businesses on taxes filed before May 19, 2026.
- The addendum says the U.S. government cannot conduct or continue many IRS tax investigation activities related to those tax years.
- The Justice Department calls this addendum routine to prevent reopening closed cases.
- Some lawmakers and legal experts say the addendum may violate federal law banning interference in IRS audits.
- The addendum was signed by Acting Attorney General Todd Blanche, which could make it legally valid.
- The IRS does not publicly announce audits, so it is unknown what investigations might be affected.
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