Platkin LLP

Treasury Secretary Scott Bessent declined to confirm whether President Donald Trump and his family retain IRS audit immunity after the administration canceled a $1.776 billion compensation fund. Democratic lawmakers criticized Bessent for avoiding the issue during a Senate Finance Committee hearing, while a federal judge reopened Trump’s lawsuit against the IRS to investigate claims of abandoned scrutiny of the settlement.

Treasury Secretary Scott Bessent declined to confirm whether President Donald Trump and his family retain IRS audit immunity after the administration abandoned a $1.776 billion compensation fund. The decision to scrap the fund faced bipartisan backlash, and the status of Trump's audit immunity remains unclear amid ongoing litigation.