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Posted on 05/19/2026 2:24:23 PM PDT by Kleon
WASHINGTON, May 19 (Reuters) - The U.S. Justice Department has "forever barred" the Internal Revenue Service from pursuing any audits into past tax claims for President Donald Trump, his relatives and his companies, according to a one-page document released Tuesday.
(Excerpt) Read more at reuters.com ...
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That alone is enough for Congress to bury it.
Trump never drew a salary as President. The vermin who did everything they could to destroy Trump and his family and his friends, They should all be brought to justice, punished. They damaged many of Trump’s businesses.
Trump deserves much more compensation.
How do you compensate 2 assassination attempts. (and was shot in one of them) There are more attempts, even Iran paid to have Trump killed.
Has Iran recently given Cuba a ballistic missile
I think it justifies a consolidation of power.
The statute of limitations on taxes is only 3 years.
“How do you compensate 2 assassination attempts. (and was shot in one of them) There are more attempts, even Iran paid to have Trump killed.”
____________________________________________________________
How much to Reagan scam from the Treasury after he was shot?
Answer: Zero
I don’t think it’s a bill for Congress to consider. It’s probably more like a consent decree to settle a dispute. In exchange for dropping the lawsuit, the IRS will pay the other defendants some of that $1.7 billion and Trump and family will have no audits from prior years.
Seems fair as far as settlements go.
The IRS generally has 10 years – from the date your tax was assessed – to collect the tax and any associated penalties and interest from you. This time period is called the Collection Statute Expiration Date (CSED).
Your account can include multiple tax assessments, each with their own CSED. Examples may include:
Original tax amounts you owe when you file your federal tax return
Additional taxes you owe when you amend your return
Substitute for return tax balances
Additional tax we find that you owe due to an audit
Civil penalty amounts
Certain penalties and interest
A variety of laws affect the CSED. More than one action or situation can change the collection period. See Examples of situations that add to the 10-year expiration date.
https://www.irs.gov/filing/time-irs-can-collect-tax
The Reuters piece is misleading. They are barred from prosecuting up to a certain date. If he commits fraud tomorrow he’s liable.
This article makes more sense.
Darn. I have been operating on the principle that it was three years after the taxes were due and I just shredded a bunch of old return records.
“and I just shredded a bunch of old return records.”
No problem. IRS has them.
He’s nicer to treasonous seditious conspirators than I would be.
But maybe there’s more surrender terms that he’s going to get when he finally wins the war his govt started against him when he came down an escalator.
HE WAS FORCED TO TAKE THE QUARTERLY PAYMENTS-—BUT HE DONATED EVERY PENNY TO VARIOUS CHARITIES.
I just shredded a bunch of old return records.
—
I have all my old tax records going back to 1967. you can never be too careful.
(I actually kept them as a sort of written record of my various careers where and when I worked, what I was doing at the time. Had a number different careers and lived in a number of different places, and just out of habit I guess)
EVERYTHING I EVER LEARNED:
THEY CAN GO BACK 3 YEARS ON YOUR RETURNS-—BUT IF YOU GET CAUGHT CHEATING-—THEY CAN GO BACK TO YOUR VERY FIRST RETURN.
AL CAPONE NEVER GOT JAIL FOR BOOTLEGGING-—HE GOT JAILED FOR INCOME TAX CHEATING
Remind me, when did the IRS illegally release Regean’s tax returns?
L
As if they hadn’t already been subjected to audits with a fine tooth comb. The US Treasury are not all MAGA.
Typical purposefully misleading headline from Reuters. They know it will be quoted as written so that misinformed people believe it is a forever rule for Trump instead of dealing with the past when he’s already been audited and even exposed illegally.
3 years if there is no business income/expenses on the return.
5 years if the return had business income.
If a tax return underreported income by at least 25%, 6 years of returns are open to audit.
The IRS has 10 years to collect taxes but this 10 year time limit has a lot of rules for the 10 year start date.
A taxpayer has 3 years from the filing due date to claim a refund.
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