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Tuesday, May 19th

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You are here News Politics New deal bars IRS from tax audits of Trump, his family and businesses

New deal bars IRS from tax audits of Trump, his family and businesses

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Todd BlancheThe Justice Department agreement with President Donald Trump over his leaked tax returns includes a guarantee that the tax agency will no longer pursue any claims over tax liabilities it may have against Trump, his family members and his companies.

The nine-page settlement agreement made public by the Justice Department May 18, set up a $1.776 billion fund for "victims of lawfare and weaponization," did not include any mention of the government's efforts to go after Trump, his family and his companies over longstanding tax disputes.

On May 19, DOJ posted a separate one-page document on its website – signed by acting Attorney General Todd Blanche – with the new details. It includes what appears to be an all-inclusive release in which the Internal Revenue Service is “FOREVER BARRED and PRECLUDED” from “prosecuting or pursuing” any and all efforts to determine if Trump and the other parties are liable for non- or under-payment of taxes, interest, attorney’s fees or expenses incurred by the government.

Trump sued the IRS in January for $10 billion for a contractor leaking his returns, even though he had been promising since 2014 that he would release the returns to the public if he ran for president.

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