Trump and his sons ‘forever’ exempt from tax audits under IRS addendum
The Department of Justice has released a settlement that permanently exempts President Donald Trump and his sons from IRS tax audits related to past returns. This agreement follows Trump's dismissed lawsuit against the IRS over the leak of his tax records. The settlement also establishes a compensation fund for individuals who claim to have been unfairly targeted by previous administrations.
- ▪The IRS is permanently barred from auditing Trump's past tax returns under a new settlement agreement.
- ▪The settlement was reached after Trump dismissed a $10 billion lawsuit against the IRS regarding leaked tax records.
- ▪The Trump Organization and his sons benefit from this exemption as they were plaintiffs in the case.
Opening excerpt (first ~120 words) tap to expand
The Department of Justice released a settlement addendum Tuesday permanently barring the IRS from auditing the past tax returns of President Donald Trump and his adult sons, just one day after the administration unveiled a $1.776 billion “Anti-Weaponization Fund” geared toward alleged victims of government abuse. Acting Attorney General Todd Blanche signed the one-page order, which states the IRS “releases, waives, acquits” any pending claims against Trump, his family, or the Trump Organization and is “forever barred and precluded” from pursuing claims tied to tax returns filed before Monday’s settlement agreement.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
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