Trump, IRS in talks to resolve $10 billion lawsuit over tax records leak

Headtopics
Donald Trump and the IRS are negotiating a settlement in a $10 billion lawsuit stemming from the leak of Trump's tax records.

Summary

Attorneys for Donald Trump and the Internal Revenue Service are currently engaged in discussions to resolve a $10 billion lawsuit concerning the unauthorized release of Trump’s tax records, as well as those of his sons and the Trump Organization. The lawsuit alleges that the IRS failed to prevent a government contractor, Charles Littlejohn, from sharing the tax information with news outlets. Littlejohn previously pleaded guilty and was sentenced to five years in prison for his actions, which also involved the tax records of other high-profile individuals like Jeff Bezos and Elon Musk. Both parties have requested a 90-day pause in court proceedings to facilitate settlement talks. A bill has been proposed by Democratic lawmakers to prevent presidents and vice presidents from receiving lawsuit settlements from the government, but Trump has stated he would donate any funds received to charity. The leak led to reports detailing Trump’s low federal income tax payments in 2016 and 2017.

(Source:Headtopics)

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