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You are at:Home » Trump looks to settle $10 billion lawsuit with IRS – What it means for you?
Trump looks to settle  billion lawsuit with IRS – What it means for you?
Lifestyle

Trump looks to settle $10 billion lawsuit with IRS – What it means for you?

20 April 20262 Mins Read
article

WASHINGTON, DC – APRIL 10: U.S. President Donald Trump (R) and his son Eric Trump (L) walk to Marine One before departing from the White House on April 10, 2026 in Washington, DC. President Trump is traveling to Charlottesville, Virginia. (Photo by A

President Donald Trump and the Internal Revenue Service are in talks to settle a $10 billion lawsuit over his leaked tax returns to the media. 

What we know:

Attorneys asked a federal judge to put the case on hold for 90 days for both parties to “engage in discussions” with the hopes of resolving the matter, according to a report from Reuters. 

There’s also the conflict of interest issue, of the President suing his own government, that the Justice Department hopes they’d be able to resolve during the delay as well. 

RELATED: Trump’s $15B lawsuit against The New York Times tossed

What they’re saying:

“The IRS wrongly allowed a rogue, politically-motivated employee to leak private and confidential information,” Trump’s legal team said in a statement. “President Trump continues to hold those who wrong America and Americans accountable.”

RELATED: ABC, Trump settle defamation lawsuit

The backstory:

Trump filed the lawsuit back in January saying the agency failed to take “mandatory precautions” to stop a former contractor, Charles Littlejohn, from leaking the tax returns of him, his adult sons and his namesake company, along with thousands of other wealthy Americans to the media. 

In a criminal case, Littlejohn pleaded guilty to improper disclosures and was sentenced to five years in prison. 

RELATED: Trump’s $10B Wall Street Journal lawsuit over Epstein ties dismissed by judge

Who will pay the bill?

Why you should care:

Once the two sides come to an agreement on any payout, that money will likely involve taxpayer dollars, according to the report. Trump said he would donate the money to charity. No word on what his adult sons would do with the settlement. 

The Source: This story was written with information provided by Reuters. This story was reported from Orlando. 

 

NewsMoneyU.S.

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