The IRS is considering whether to rescind Harvard University's tax-exempt status. This consideration follows a request from Treasury Department officials. Acting chief counsel Andrew De Mello received the request.
A final decision has not yet been made. Harvard, as a 501(c)(3) organization, is currently exempt from paying taxes.
A White House spokesperson stated that any IRS actions will be independent of the president. Investigations into tax status violations began before Mr. Trump's comments on the matter.
Harvard maintains there is no legal basis to revoke its tax-exempt status. The university argues the exemption supports its educational mission.
Bloomberg News estimates Harvard saves nearly $500 million annually through its tax exemption. This development is part of an ongoing dispute between Harvard and Mr. Trump's administration.
The IRS has experienced numerous changes recently. Steep workforce cuts are expected in the coming months.
Gary Shapley replaced Melanie Krause, the former acting commissioner. Krause resigned after an agreement to share immigrant tax data.