IRS Investigation Puts Meghan and Harry’s Archwell Foundation in Hot Water

In a stunning turn of events, the IRS has launched an investigation into the Archwell Foundation, the nonprofit organization established by Prince Harry and Meghan Markle.

This development could mark a significant chapter in the couple's already tumultuous journey since stepping back from royal duties.

Reports suggest that the investigation is centered around allegations of tax fraud, raising serious questions about the foundation's financial practices.

The Daily Mail broke the news, revealing that the IRS has identified troubling discrepancies in Archwell's tax filings.

In a particularly eyebrow-raising claim, the foundation reported only working one hour a week in 2020, despite raking in over $13 million from various donors.

Such figures have raised suspicions among tax authorities, who are now scrutinizing how the foundation operates.

Adding fuel to the fire is a payment of $63,000 made to James Holt, Archwell's CEO, who also happens to be a close friend and former spokesperson for the couple.

The nature of this payment has led to speculation that Archwell might be acting as a front for other lucrative ventures linked to Harry and Meghan, including their deals with major companies like Spotify and Netflix.

The IRS isn't just stopping at examining Archwell's financials; they're also questioning the couple's reported expenses.

Allegations suggest that personal costs, including security measures and lifestyle choices, may have been improperly deducted, further complicating their financial narrative.

This level of scrutiny indicates that the IRS is taking these allegations very seriously.

To gather more information, the IRS has issued a subpoena demanding access to Archwell's financial records, bank statements, and any relevant correspondence.

This move underscores the gravity of the situation and highlights the agency's intent to get to the bottom of the alleged discrepancies.

But it doesn't end there.

Donors to the foundation are also under the microscope, with the IRS reportedly reaching out to verify contributions and request receipts.

This comprehensive approach signals that the investigation is not limited to the foundation itself but extends to those who have supported it financially.

The stakes are particularly high for Meghan and Harry.

I spoke with a former IRS agent who explained that tax fraud is considered a federal crime, carrying severe penalties.

Offenders can face up to five years in prison and hefty fines of $250,000 for each count.

Given the potential for multiple counts, the consequences could escalate dramatically depending on the findings.

What makes this case even more notable is its high-profile nature.

The IRS is known for aggressively pursuing celebrities and public figures who engage in tax evasion.

The agency wants to send a clear message: no one is above the law, regardless of their status or wealth.

With their controversial reputation, Meghan and Harry may find themselves in an especially precarious position.