Storyline
Trump-affiliated companies IRS settlement investigation
One page that accretes the verified record as the story develops. Every fact keeps its date and its sources.
1 DAYS
12 FACTS
1 EVENTS
1 SOURCES
FIRST ENTRY JUL 07
JUL 07 · Day 1
Senate Democrats seek answers from Trump-affiliated companies on IRS settlement
A Justice Department spokesperson said the IRS routinely provides releases as part of resolving taxpayer reviews and audits and that the settlement follows that same standard practice.
The senators also asked the Trump Organization in a separate letter if it believes it has immunity from all audits, civil penalties, or federal prosecution for any crimes that could have occurred before the settlement.
The settlement was struck in May by the Justice Department and permanently bars the IRS from pursuing claims against Trump, his sons Don Jr. and Eric, and the Trump Organization based on prior tax returns.