WASHINGTON (AP) — A tax on the endowments of America's wealthiest colleges began during President Donald Trump's first administration, collecting 1.4% of their investment earnings. Under ...

It also said it was canceling two grants to the school totaling $2.7 million.By taking action against international students and the school's tax status, the administration struck at two pillars ...

The IRS is the only entity with the power to change an organization’s tax status—Trump could not do it on his own. The Trump administration accused Harvard in a letter last week of failing to ...

The Trump administration is planning to end the free tax filing service developed during the Biden administration, The Associated Press reported, citing two people familiar with the decision.

Washington — President Trump said Friday that his administration will be rescinding Harvard University's tax-exempt status, further escalating the ongoing feud with the Ivy League school.

The eventual 1983 Supreme Court ruling in that case would likely serve as the legal precedent for the Trump administration in a case against Harvard, says Michael Graetz, a professor of tax law at ...

President Trump on Friday said he is stripping Harvard University of its tax exempt status — escalating a showdown with the Ivy League school after it defied his administration’s efforts to ...

writing “tax exempt status is totally contingent on acting in the PUBLIC INTEREST!” The Trump administration on Monday froze $2.2 billion in federal funding and a $60 million federal contract ...

All told, taxpayers spent an estimated 7.1 billion hours dealing with the tax code this year. Fortunately, the Trump administration is renewing its push to clean up the clutter. A new effort to ...

WASHINGTON (AP) — A tax on the endowments of America’s wealthiest colleges began during President Donald Trump’s first administration, collecting 1.4% of their investment earnings.