Trump drops IRS lawsuit, paving the way for a settlement
President Trump has decided to dismiss his $10 billion lawsuit against the IRS regarding the leak of his tax returns. This move may lead to a settlement with the government, despite concerns from ethics watchdogs and congressional Democrats. Legal experts have pointed out the weaknesses in Trump's case, particularly regarding the source of the leak and potential statute of limitations issues.
- ▪Trump is moving to dismiss a lawsuit he filed against the IRS over the leak of his tax returns.
- ▪The lawsuit sought $10 billion and was filed in January.
- ▪Legal experts have described the case as weak due to the leak being attributed to a federal contractor.
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Law Trump drops IRS lawsuit, paving the way for a settlement May 18, 202610:58 AM ET Carrie Johnson The Internal Revenue Service building is seen in February 2025 in Washington, D.C. Tasos Katopodis/Getty Images hide caption toggle caption Tasos Katopodis/Getty Images President Trump is moving to dismiss a $10 billion lawsuit he filed against the IRS over the leak of his tax returns, according to a court filing. That could pave the way for a big settlement with the government he leads even as ethics watchdogs and Democrats in Congress are trying to intervene. Trump and the Trump Organization sued the Internal Revenue Service and the Treasury Department in January demanding $10 billion over the leak of his tax returns years ago.
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