Donald Trump's administration is moving to block the Internal Revenue Service from ever pursuing past audits against the President, his family, or his businesses, a maneuver that could spare him a tax bill estimated at up to $100 million.
A newly expanded settlement bars the IRS from pursuing any pending investigations into Donald Trump's tax returns.
The provision was tacked onto an agreement reached earlier this week, when the Justice Department resolved a $10 billion lawsuit the President had brought against the agency by establishing a $1.8 billion fund for his political allies.
The one-page order was signed by Acting Attorney General Todd Blanche, Trump's former personal attorney, and quietly posted to the Justice Department's website, according to the New York Times.
A prior IRS audit in 2024 on Trump's tax filings could have cost Trump more than $100 million. It remains unclear whether that examination has concluded, or whether Trump, his family members, or affiliated entities are subject to any other audits.
Current IRS procedures mandates an annual audit of President's tax returns.
Federal law prohibits the president, vice president, and other White House officials from instructing the IRS on audits.
Justice Department, however, appears to be using a loophole that allows the attorney general to halt existing tax investigations.
Donald Trump's administration is moving to block the Internal Revenue Service from ever pursuing past audits against the President, his family, or his businesses, a maneuver that could spare him a tax bill estimated at up to $100 million
A prior IRS audit in 2024 on Trump's tax filings could have cost Trump more than $100 million
The one-page order was signed by Acting Attorney General Todd Blanche, Trump's former personal attorney, and quietly posted to the Justice Department's website