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IRS To Drop Audits Of Trump Family

May 20, 2026 by sd

From The New York Times:

The Justice Department has granted President Trump, his family and businesses immunity from ongoing inquiries into their taxes, a potentially lucrative arrangement that could shield the president from significant financial liability. The provision, quietly inserted on Tuesday as a supplement to a remarkable deal that also created a $1.8 billion fund aimed at benefiting Mr. Trump’s allies, protects the president, his relatives and his businesses from pending audits and tax prosecutions.

The one-page document, signed by the acting attorney general, Todd Blanche, said that the government would be “FOREVER BARRED and PRECLUDED from prosecuting or pursuing” pending tax claims against Mr. Trump, his family members and businesses.

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