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Trump Drops $10 Billion IRS Lawsuit Over Leaked Tax Returns Amid Reports of Settlement Talks

Quiver Data Analyst

President Donald Trump on Monday moved to withdraw a $10 billion lawsuit against the Internal Revenue Service tied to the 2019 and 2020 leak of his tax returns by former IRS contractor Charles Littlejohn. The lawsuit, filed earlier this year by Trump, his sons, and the Trump Organization, accused the IRS of failing to prevent the disclosure of confidential tax records to media outlets including The New York Times and ProPublica.

  • A court filing in federal court in Florida requested voluntary dismissal of the lawsuit.
  • The filing did not disclose whether a settlement was reached or provide additional terms.
  • ABC News reported last week that discussions involved a potential $1.7 billion fund for Trump allies who say they were wrongly investigated or prosecuted.
  • Former IRS contractor Charles Littlejohn pleaded guilty in 2023 to leaking Trump's tax records and was sentenced to prison.
  • The leaked returns showed Trump paid little or no federal income taxes in several years, according to reporting published in 2020.

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Editor’s Note: This is a developing story. This article may be updated as more details become available.

About the Author

Matthew Kerr is a data analyst at Quiver Quantitative, with a focus on single-stock research and government datasets. Prior to joining Quiver, Matthew was an analyst intern at BlackRock.

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