AssetID: 55721926
Headline: UNCAPTIONED: Trump IRS Settlement Sparks Concerns Over Future Tax Audits
Caption: Trump IRS Settlement Sparks Concerns Over Future Tax Audits. The US Justice Department has announced a controversial settlement linked to a lawsuit filed by President Donald Trump over leaked tax returns. An addendum to the deal could prevent the Internal Revenue Service from reviewing past tax filings connected to Trump, his family and their businesses. Trump and his two eldest sons sued the IRS earlier this year, accusing the agency of unlawfully leaking their personal and business tax information. As part of the settlement, the government agreed to create a compensation fund worth nearly 1.8 billion dollars for people who claim they were unfairly investigated. A separate document released after the deal says the government is “forever barred” from carrying out certain audit actions related to tax filings made before May nineteenth, twenty twenty-six. The Justice Department says the clause is a standard legal waiver used to fully resolve lawsuits. But some lawmakers and legal experts argue the agreement could violate federal laws designed to protect the independence of IRS investigations. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Donald Trump,US Justice Department,controversial settlement,leaked tax returns,elder sons sued,IRS,banned,reviewing,past tax filing,business tax information,family,unlawfully
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