Bloomberg Tax: Trump Agreements With IRS, But Not Tax Returns, Must Be Released
December 6, 2021
Information tied to any compromise agreements that former President Donald Trump made with the IRS over his personal and business tax returns must be released, even though the underlying returns are protected, a federal court ruled.
The decision included partial wins for both the IRS and the Electronic Privacy Information Center, a nonprofit that requested personal and business tax records tied to Trump under the Freedom of Information Act. The center argued that an exception under tax code Section 6103(k)(1) to the general law protecting tax return privacy applied pertaining to return information that is necessary to allow for an inspection of any accepted offer-in-compromise between a taxpayer and federal tax authorities.
Read more HERE.
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