President Trump first threatened Harvard’s tax status last month. It was not immediately clear if the I.R.S. was in fact moving forward with a change.
Category: Internal Revenue Service
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Trump’s 100-Day Economic Report Card
Market chaos and economic uncertainty has been a feature of the president’s first few months back in office. DealBook breaks down the milestones, and what to expect next.
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Head of I.R.S. Being Ousted Amid Treasury’s Power Struggle With Elon Musk
Treasury Secretary Scott Bessent complained to President Trump that the acting commissioner had been installed without his knowledge.
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With Harvard Threat, Trump Tries to Bend the I.R.S. to His Will
Since the post-Nixon era, the Internal Revenue Service has had a degree of independence from the White House. President Trump is seeking to change that.
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Why Does Harvard Have Tax-Exempt Status and Can the IRS Revoke It? What to Know.
The university, like many colleges and charities, is exempt from federal income and property taxes, saving it billions of dollars. President Trump has questioned whether it should enjoy that status.
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Some Online Scam Victims Can Now Seek Tax Relief on Firmer Ground
The Internal Revenue Service issued a memo last month that said victims of certain impersonation and investment schemes might be eligible for a tax break.
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I.R.S. Audits Are at a Record Low. Trump’s Cuts Could Make Them Even Rarer.
The Biden plan to increase tax revenue through more enforcement is being reversed.
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Federal Workers Walk Into Chaos Amid Return to Office
President Trump has described his new in-office requirement as a way to ensure workers are doing their jobs. He sees potentially leading more employees to quit as an added benefit.
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Tax Tips for Those Who Haven’t Filed Their 2024 Returns
Despite the turmoil at the I.R.S., tax returns are still due on April 15. And, yes, there are still options for lowering last year’s taxable income.
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Inside Trump’s War on the I.R.S.: Dropped Audits and a Skeleton Staff
President Trump is planning to gut the work force while trying to turn the I.R.S. into a more political agency.
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How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.