With Trump’s Deal, a Possible $100 Million I.R.S. Penalty Melts Away
Donald Trump's tax audit concerning a $72.9 million refund has been resolved, potentially avoiding a $100 million penalty from the IRS. The Trump Organization was accused of attempting to claim the same losses multiple times. Trump has criticized the audit process as a 'disgrace.'
- ▪The IRS argued that the Trump Organization tried to claim the same losses twice.
- ▪The audit dates back to a tax refund claimed by Trump starting in 2010.
- ▪Trump has publicly denounced the audit as a 'disgrace.'
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#masthead-section-label, #masthead-bar-one { display: none }Trump AdministrationliveUpdatesMay 20, 2026, 9:53 p.m. ETImmunity From Tax AuditsFund for Trump’s AlliesAbortion Pill LawsuitGas PricesApproval RatingAdvertisementSKIP ADVERTISEMENTYou have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.Supported bySKIP ADVERTISEMENTWith Trump’s Deal, a Possible $100 Million I.R.S. Penalty Melts AwayThe tax service argued that the Trump Organization tried to claim the same losses twice. The president said the audit was a “disgrace.”Listen · 5:34 min Share full articleThe audit dated back to a $72.9 million tax refund that Donald J.
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