Trump, IRS in talks to resolve $10 billion lawsuit over tax records leak
NBC News • • nation
Key Points:
- Attorneys for President Donald Trump and the IRS are in talks to resolve a $10 billion lawsuit over leaked tax records involving Trump, his sons, and his company, requesting a 90-day pause in court proceedings.
- Trump sued the IRS and Treasury Department, alleging they failed to prevent the unauthorized release of his tax documents by a government contractor, Charles Littlejohn, who pleaded guilty and was sentenced to five years in prison.
- Littlejohn admitted to stealing tax records of thousands of wealthy individuals, including Jeff Bezos and Elon Musk, actions condemned by the IRS as “unacceptable.”
- The lawsuit claims reputational and financial harm from the leak, which revealed Trump paid only $750 in federal income taxes in 2016 and 2017, and includes Trump’s sons and the Trump Organization as plaintiffs.
- Democratic lawmakers introduced a bill to ban the president, vice president, and their families from collecting lawsuit settlement payments from the government, aiming to prevent abuse of power and corruption.
