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The Latest Breaking News from IRS

Trump’s $1.776 billion IRS settlement sparks debate as critics question legality of the compensation fund

A major legal settlement involving Donald Trump and the IRS faces scrutiny. A $1.776 billion fund for alleged "weaponization" and a ban on auditing Trump's taxes are part of the deal. Legal experts believe challenging this agreement will be difficult. Opponents, including police officers and congressional Democrats, have voiced concerns.

The Economic Times

US Capitol police sue to stop Trump ‘slush fund’

WASHINGTON - Two police officers have filed a lawsuit seeking to block the Trump administration from creating a compensation fund that could provide payouts to the president’s supporters who attacked the US Capitol on January 6, 2021.

Bangkok Post

Police sue to block Jan 6 rioters from payouts via Trump's 'Anti-Weaponization Fund'

Two police officers who defended the US Capitol from a pro-Trump mob on January 6, 2021, filed suit Wednesday to block those who took part in the violence from receiving payouts from a new fund totaling nearly $1.8 billion. The fund, destined for Trump allies claiming political prosecution, was created…

France 24

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Don’t Let Taxes Dim Your Retirement: How to Plan Ahead With Your 'Tax Bucket List'

Whether you realize it or not, your money is sitting in three different tax “buckets.” To save on taxes throughout retirement, make sure to fill up your tax-free bucket. Here are two ways to do that.

Kiplinger

When a president settles his own lawsuit to create a fund for allies, fundamental questions about justice arise

Thomas Hobbes took a very dim view of rebels and insurrectionists. He believed that insurrectionists relinquish their status as citizens the moment they seek to overthrow the government and should never be rewarded for doing so.

The Conversation

Trump acquired stock in companies like Disney and Netflix when he made public threats against them

The president has also purchased stocks from companies with business before the administration

The Independent UK

Trump’s ‘slush fund’ faces first lawsuit after two Jan. 6 officers sue

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The Independent UK

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Did Todd Blanche Give Donald Trump Tax Amnesty? Secret IRS Deal Discovered

A quietly filed Justice Department document has granted Donald Trump and his businesses sweeping protection from IRS audits, as part of a settlement that also created a $1.776 billion fund for alleged 'weaponization' of tax data.

International Business Times UK

Jan. 6 cops sue to block Trump’s $1.8B ‘slush fund for insurrectionists’ after IRS bail out

Harry Dunn and Daniel Hodges say the fund illegally rewards rioters for violence against law enforcement

The Independent UK

Jimmy Kimmel on Trump’s IRS settlement: ‘Most brazenly corrupt move by any president ever’

Late-night hosts discussed the president’s lawsuit against his own government and his latest ballroom updates

The Guardian - US

Trump’s newest deal with the IRS could save his family about $100 million in tax penalties: report

Under the terms of the deal, the federal government will be ‘forever barred’ from pursuing IRS-related claims against Trump

The Independent UK

IRS settlement blocks tax audits targeting Trump and his family members

The US Department of Justice has released an additional filing linked to the Trump-IRS settlement, preventing the federal agency from pursuing existing tax audits involving the US president, his family and affiliated businesses.

Euronews

First Thing: Trump critic Thomas Massie defeated in Kentucky Republican House primary

Seven-term incumbent had spoken out against Iran war, government spending and Jeffrey Epstein files. Plus, Trump’s ‘board of peace’ receives just $23m to rebuild Gaza

The Guardian - UK

A Half-Million Dollar Fine for a Tax Paperwork Oversight

Too many courts ignore the Eighth Amendment’s ban on excessive fines.

Reason

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We Got This Covered

Department of Justice says United States ‘FOREVER BANNED’ from prosecuting Donald Trump and his family for not paying tax

Huh, I guess you can beat the IRS after all.

International Business Times UK

IRS Is 'Forever Barred' From Examining Trump's Taxes Under New DOJ Settlement That Also Creates $1.8 Billion Fund

A new DOJ addendum permanently blocks the IRS from examining Trump's past tax returns, shielding him and his family from audits that could have cost over $100 million.

The National (Scotland)

Donald Trump granted 'forever' immunity from ongoing tax audits

Donald Trump, his business and his eldest sons have been granted immunity from ongoing investigations from US tax authorities

International Business Times UK

Trump's Former Lawyer, Now Acting Attorney General, Signs Order Shielding Trump Family From IRS Audits

Acting AG Todd Blanche signed an order shielding Trump and his family from IRS audits, sparking legal and ethical concerns. The settlement includes a £1.3 billion fund for alleged victims of government weaponisation

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The Economic Times

Donald Trump settles tax case, unlocks 'forever immunity' clause

The US government has dropped all tax claims against Donald Trump, his sons, and the Trump Organization. This move is part of a settlement resolving Trump's lawsuit against the IRS. The government will not examine or prosecute their current tax matters. A new fund will compensate individuals who believe they…

AAP

Audits into tax claims for Trump and his family barred

The US Justice Department has barred the Internal Revenue Service ⁠from ever pursuing audits into tax claims for Donald Trump, his relatives and companies.

Bangkok Post

Acting US attorney general defends fund for prosecuted Trump allies

WASHINGTON (UNITED STATES) - Acting US Attorney General Todd Blanche on Tuesday defended the creation of a nearly $1.8 billion fund to compensate political allies of President Donald Trump who believe they were unfairly prosecuted under the Biden administration.

International Business Times UK

Donald Trump Lawsuit: Democrats Cry Foul Over DOJ's New Settlement Agreement Preventing Tax Investigation of POTUS

Donald Trump settles with the DOJ for $1.776 billion, preventing IRS claims over tax liabilities. The agreement impacts taxpayers alleging lawfare, sparking criticism from Democratic Senators.

The Economic Times

Did Trump's IRS settlement permanently shield his past tax matters? New clause sparks outrage- here's what the new clause is

A new settlement term bars the IRS from investigating President Trump, his family, and businesses for past tax issues. This extraordinary addition to a $10 billion lawsuit resolution permanently prevents claims or examinations arising from tax returns filed before the agreement. Critics have labeled the move "self-dealing" and "corruption."

France 24

IRS will not pursue Trump for back taxes under settlement agreement

The US Internal Revenue Service will not pursue President Donald Trump, his family or the Trump Organisation for back taxes under an agreement announced by the Justice Department on Tuesday. Trump, his sons Eric and Donald Jr., and the Trump Organisation sued the IRS in January over leaked tax returns,…

The Independent UK

Trump’s DOJ promises that Trump’s IRS will no longer investigate Trump and his companies over unpaid taxes

IRS is ‘forever barred and precluded’ from investigating the president, his family and companies as part of lawsuit settlement

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