Trump Prepares to Settle With IRS in Huge Lawsuit Over Tax Records

Donald Trump is in “discussions” to settle a $10 billion lawsuit with the Internal Revenue Service over the release of his tax returns in 2022.

The president’s lawyers asked a judge Friday to extend key deadlines on the multibillion lawsuit against his presidential administration, but hidden within the pages of the legal filing was a profound detail: that the president has been in talks with his own government staffers to “avoid protracted litigation.”

“Good cause exists to grant an extension in this matter while the Parties engage in discussions designed to resolve this matter and to avoid protracted litigation,” Trump’s lawyers argued. “This limited pause will neither prejudice the Parties nor delay ultimate resolution. Rather, the extension will promote judicial economy and allow the Parties to explore avenues that could narrow or resolve the issues efficiently.”

Any payment from Trump’s lawsuit against the government would be doled out to him via taxpayer funds.

This is a developing story.