Justice Department Bars Future IRS Audits of President Trump
The Justice Department reached a settlement that ends pending IRS audits of President Trump and his business. The agreement also resolves a $10 billion lawsuit filed by Mr. Trump over the leak of his tax returns.
axios.comThe Justice Department reached a settlement with President Trump that bars the IRS from pursuing any pending tax audits or related matters involving the president and his business. The agreement states the government is "forever barred" from pursuing those cases. It covers tax returns filed before the effective date and extends to all government agencies.
Blanche signed the agreement one day after President Trump agreed to dismiss his $10 billion lawsuit against the IRS. The suit alleged the agency leaked his confidential tax information. The document was released hours after Mr. Blanche appeared on Capitol Hill, though he did not mention the settlement during that appearance.
Democratic Response Democrats criticized the agreement. Oregon Sen.
Ron Wyden, the top Democrat on the Senate Finance Committee, called it a violation of the law that prohibits executive branch interference in IRS audits. He urged future administrations not to honor the deal.
“Not only is this another heinously corrupt act by the most corrupt administration in history; it’s clearly a violation of the law that prohibits interference by executive branch officials in IRS audits.”
President Trump has said he was the victim of targeting by the government. The leak of his tax information occurred during his first term when an anti-Trump IRS contractor gave the data to The New York Times.
Trump broke decades of precedent by refusing to release his tax returns as the GOP nominee in 2016 and later as president. He initially cited an ongoing IRS audit as the reason. Some of his tax returns were obtained by the House and released to the public in 2022.
Key Facts
Story Timeline
3 events- May 18, 2026
President Trump agreed to dismiss his $10 billion lawsuit against the IRS.
2 sourcesThe New York Times · The Washington Times - May 19, 2026
Acting Attorney General Todd Blanche signed the settlement agreement.
2 sourcesThe New York Times · The Washington Times - May 19, 2026
The agreement was released hours after Mr. Blanche appeared on Capitol Hill.
1 sourceThe Washington Times
Potential Impact
- 01
The IRS will not pursue pending tax audits involving President Trump.
- 02
Future administrations may face pressure to honor or reject the agreement.
Transparency Panel
Related Stories
BBC NewsTrump Meets Advisers to Decide on Iran Ceasefire Extension
President Trump said he is holding a Situation Room meeting to make a final decision on a possible deal with Iran. The proposed agreement would extend the ceasefire by 60 days and reopen the Strait of Hormuz.
Trump to Decide on Iran Deal in Situation Room Meeting
President Trump said Friday he is heading into the Situation Room to make a final determination on a potential agreement with Iran. The proposed deal would reopen the Strait of Hormuz without tolls and require destruction of Iran's highly-enriched uranium.
realitytea.comTrump Says U.S. Will Lift Iran Naval Blockade After Nuclear and Hormuz Pledges
President Trump stated the U.S. will end its naval blockade of Iran once Tehran commits to forgoing nuclear weapons and opens the Strait of Hormuz to unrestricted shipping. The announcement came via Truth Social and a live statement.