Trump-IRS settlement 'forever' bars audits into tax claims for Trump and his family

Trump-IRS settlement 'forever' bars audits into tax claims for Trump and his family

By Dan Rosenzweig-Ziff

Reuters

WASHINGTON, May 19 (Reuters) - The U.S. Justice Department has "forever ‌barred" the Internal Revenue Service ‌from pursuing any audits into past tax claims ​for President Donald Trump, his relatives and his companies, according to a one-page document released Tuesday.

The sweeping document, ‌signed by ⁠acting Attorney General Todd Blanche, said the U.S. government could ⁠not audit Trump's tax returns filed before Monday or any matters "that ​were raised ​or could have ​been raised."

Advertisement

The order ‌expanded the settlement agreement Trump reached Monday with the IRS in which he agreed to drop his $10 billion lawsuit over the leak of his tax ‌returns. As part ​of the settlement, Justice ​Department created a ​nearly $1.8 billion fund to ‌compensate victims of political "weaponization."

Blanche faced ​repeated ​questions Tuesday over that fund in his first congressional testimony since ​taking over ‌as acting attorney general.

(Reporting by Dan ​Rosenzweig-Ziff; Editing by Michael Learmonth ​and Alistair Bell)

Post a Comment

Previous Post Next Post