TLG Managing Partner Jeff Tenenbaum Quoted in NBC News Article, “Trump's social media post targeting Harvard's tax-exempt status could create problems for the IRS”

TLG Managing Partner Jeff Tenenbaum was quoted in an NBC News article, “Trump's social media post targeting Harvard's tax-exempt status could create problems for the IRS: Tax and legal experts say the appearance of Trump directing the IRS to take action could work in Harvard’s favor if a legal battle ensues.”

“Jeffrey Tenenbaum, a Washington, D.C., attorney specializing in nonprofit organizations, said the IRS would face an “uphill climb” if it decided to move ahead against Harvard — one that could potentially take years.”

“Tenenbaum said the Jones case is still “the current court standard for how this has to be done.” The IRS has to conduct an audit, or “examination” of the institution, which can take months or over a year. If it decides the institution’s status should be revoked, the entity can essentially appeal that finding to the IRS, Tenenbaum said. If the institution loses that appeal, its status would be revoked, but it could challenge that finding in the federal court system, where there could be additional appeals. “Presuming the law is followed, that’s the only way for the IRS to revoke the tax-exempt status,” Tenenbaum said. “There’s no shortcut.””