Carolyn Schenck Weighs in on DOJ Settlement with Trump in MarketWatch

Earlier this week, the Justice Department settled President Donald Trump’s case over his leaked tax returns by establishing a $1.776 billion “anti-weaponization fund” and forbidding the IRS from pressing audits against Trump, his relatives and related businesses.

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“This is the kind of agreement that will likely be analyzed and discussed for years within the tax, administrative law and constitutional law communities,” said Carolyn Schenck, an attorney with Caplin & Drysdale and former senior IRS official. “I suspect the broader implications of this settlement — particularly as they relate to executive authority and the future operation of tax administration — will remain part of the legal and policy conversation for a very long time,” Schenck said.

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It may be too soon to determine if the Trump deal has long-term impacts on white-collar enforcement for the IRS, said Schenck.

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