Trump Drops $10 Billion Lawsuit Against IRS—But He Could Be Looking For Billion-Dollar Payday
Donald Trump has dropped his $10 billion lawsuit against the IRS. Reports suggest he may be seeking a settlement that includes a $1.7 billion fund for his political allies. This development comes as Trump continues to navigate complex legal and financial challenges.
- ▪Trump voluntarily dropped his lawsuit against the IRS on May 18, 2026.
- ▪He is reportedly looking to settle for a $1.7 billion fund for his political allies.
- ▪The lawsuit was originally for $10 billion.
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BreakingBusinessTrump Drops $10 Billion Lawsuit Against IRS—But He Could Be Looking For Billion-Dollar PaydayByAlison Durkee,Forbes Staff. Alison is a senior news reporter covering US politics and legal news.Follow AuthorMay 18, 2026, 09:51am EDTMay 18, 2026, 09:52am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplinePresident Donald Trump voluntarily dropped his $10 billion case against the Internal Revenue Service Monday amid reports he intended to settle in exchange for the U.S. creating a $1.7 billion fund for his political allies.President Donald Trump speaks to reporters aboard Air Force One on May 15.Copyright 2026 The Associated Press.
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