What does it mean to be tax-exempt? Tax-exempt means not being required to pay taxes on certain types of income. Find out what type of income is included.

Fund-level leverage is only attractive when carry or capital gains potential is high; current tight spreads and an inverted yield curve make it less appealing. For tax-exempt CEFs, higher yields often ...

The Trump administration is escalating its battle against Harvard University, reportedly threatening to revoke its federal tax-exempt status and costing the institution potentially a billion dollars ...

President Donald Trump has set his sights on Harvard University after it rebuffed his calls for policy changes regarding antisemitism, and he has reportedly directed the IRS to look into removing its ...

"It's less likely the revocation would be retroactive in a normal case but there's been a lot of upheaval at the IRS right now," said Adam Young, a partner in Fox Rothschild's taxation and wealth ...

WASHINGTON — President Trump on Friday re-upped his threat to strip Harvard University of its tax-exempt status, escalating a showdown with the first major college that has defied the administration’s ...

President Donald Trump has said he is going to take away Harvard's tax-exempt status. "We are going to be taking away Harvard's Tax Exempt Status," he wrote in a post on Truth Social on Friday. "It's ...

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. President Donald Trump on Friday reiterated his plans to revoke Harvard University’s ...

The IRS may revoke Harvard University's tax-exempt status after the Ivy League university refused to meet President Donald Trump's wide-ranging demands for changes in its policies, CNN and the ...