Donald Trump and his sons have received immunity from ongoing tax audits as part of a settlement with the Internal Revenue Service, according to multiple reports. The agreement effectively shields them from existing tax investigations and potential penalties.

The IRS had been pursuing the Trump Organization over claims that the company attempted to claim the same business losses twice, which could have resulted in penalties of approximately $100 million. The tax service's audit focused on whether the organization had improperly duplicated deductions in its filings.

Trump previously characterized the audit as a "disgrace" and has consistently denied any wrongdoing in his tax filings. The settlement appears to resolve the dispute without admission of liability from either party.

The immunity agreement covers Trump and his sons in their roles within the Trump Organization's business operations. The specific terms of the settlement, including any financial arrangements or conditions, have not been publicly disclosed.

This development comes as Trump faces various legal challenges across multiple jurisdictions. The tax settlement represents a significant resolution of one of the financial investigations that had been ongoing during and after his presidency.