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Trump moves to dismiss $10bn lawsuit against IRS amid reports he’s considering settlement

The Guardian · May 18, 2026, 2:14 PM · Also reported by 4 other sources

Why this matters: a developing story that could shape the day's news cycle.

Settlement with the US government would create $1.7bn fund to compensate allies for supposed persecution Sign up for the Breaking News US newsletter email Donald Trump moved to dismiss a $10bn lawsuit against the IRS on Monday, dropping his claims amid reports he is considering a settlement with the federal government that would create a $1.7bn fund to compensate allies for supposed persecution by the government.The Monday filing came just two days ahead of a 20 May deadline in which the judge overseeing the case asked the parties for briefing on whether a legitimate controversy existed – a requirement for any lawsuit – because Trump controls the IRS. Continue reading...

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The Hill Trump moves to dismiss $10B lawsuit against IRS LA Times Trump moves to dismiss $10-billion suit against IRS after reports of a resolution NPR Politics Trump drops IRS lawsuit, paving the way for a settlement Financial Times Trump drops $10bn lawsuit against IRS and Treasury

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Trump moves to dismiss $10bn lawsuit against IRS amid reports he’s considering settlement

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