Paul L. Caron
Dean


Tuesday, January 12, 2010

The IRS Is Auditing Harvard

Harvard announced yesterday in a $400 million tax-exempt bond offering that it is one of 40 universities being audited by the IRS as part of its review of the tax-exempt status of nonprofit organizations.

See also E&Y Mines IRS Data on Colleges & Universities.

https://taxprof.typepad.com/taxprof_blog/2010/01/irs-is.html

IRS News, Legal Education, Tax | Permalink

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Comments

Good.

Posted by: Fat Man | Jan 12, 2010 8:09:37 AM

hmmm Does Larry Summers have a direct line to the IRS now?

Pay back is a bitch.

Posted by: Penny | Jan 12, 2010 9:21:25 AM

Larry Summers' payback?

Posted by: apetra | Jan 12, 2010 10:31:18 AM

Schadenfreude. After all, how many Harvard staff, faculty, and students do you think voted for Obama? I guess they finally have figured out who the rubes are.

Posted by: totwtytr | Jan 12, 2010 1:33:38 PM

I think ALL universities should be tax audited on a regular basis. They pay no taxes and throw money around on left wing causes like it's manna from heaven.

They should pay their fair share of taxes, because they don't really "educate" anyone.

Posted by: J. Wells | Jan 13, 2010 6:54:47 AM

Wonder if the auditors will be all Yale grads?

Posted by: Georg Felis | Jan 13, 2010 7:17:44 AM