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International Business Times UK
International Business Times UK
Robert Gorgonio

Trump DOJ Tax Lawsuit Settlement: IRS Barred From Auditing Trump's Crypto and Business Empire

The Justice Department issued an addendum permanently barring the IRS from auditing President Donald Trump past tax returns. (Credit: The White House/WikiMedia Commons)

President Donald Trump's Justice Department settlement with the Internal Revenue Service, agreed in May and now under scrutiny in Washington, has triggered fresh questions over whether the IRS is effectively barred from auditing not just Trump himself but a wide web of Trump-linked crypto and business ventures.

The news came after senior Senate Democrats, including Elizabeth Warren, Chuck Schumer and Ron Wyden, sent letters on Monday to 11 companies tied to Trump and his family, seeking clarity on the scope of the deal. At issue is a clause in the settlement that appears to block the IRS from pursuing claims tied to past tax returns, not only for Trump and the Trump Organization but potentially for affiliated entities as well.

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