Source link : https://todaynewsgazette.com/2025/05/10/economy/article30147/
Getting into Harvard University is hard, and so is getting rid of its charitable status. Scott Eisen/Getty Images
President Donald Trump has repeatedly threatened to revoke Harvard University’s tax-exempt status, and some media outlets have reported that the Internal Revenue Service is taking steps in that direction.
Harvard President Alan Garber says this would be “highly illegal.” Several U.S. senators, all Democrats, have urged the IRS inspector general to see whether the IRS has begun auditing Harvard or any nonprofits in response to his administration’s requests or whether Trump has violated any laws with his pressure campaign.
The Conversation U.S. asked Philip Hackney, a nonprofit law professor who previously worked in the office of the chief counsel of the IRS, and Brian Mittendorf, an expert on nonprofit accounting, to explain what it would take for the federal government to revoke a university’s tax-exempt status.
Can Trump order the IRS to strip Harvard of its…
Source link : https://usa365.info/can-trump-strip-harvard-of-its-charitable-status-scholars-of-nonprofit-law-and-accounting-describe-the-obstacles-in-his-way/
Author : USA365
Publish date : 2025-05-09 17:40:00
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Author : TodayNewsGazette
Publish date : 2025-05-10 09:56:00
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