Microsoft received Notices of Proposed Adjustment from the Internal Revenue Service for an additional tax payment of $28.9 billion, the company said in an 8K…
received Notices of Proposed Adjustment from the Internal Revenue Service for an additional tax payment of $28.9 billion, the company said in an
Microsoft said the dispute concerns the company's allocated profits between countries and jurisdictions between 2004 and 2013. The company said up to $10 billion in taxes that the company has already paid are not reflected in the proposed adjustments made by the IRS. Microsoft plans to contest the notices through the IRS's administrative appeal and is willing to go to judicial proceedings, if necessary.
"Microsoft disagrees with these proposed adjustments and will pursue an appeal within the IRS, a process expected to take several years," the company said in its filing."We believe we have always followed the IRS's rules and paid the taxes we owe in the U.S. and around the world."SBF was very concerned about his image, including big hair, ex-girlfriend Ellison says
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IRS says Microsoft owes an additional $29 billion in back taxesMicrosoft received Notices of Proposed Adjustment from the IRS for an additional tax payment of $28.9 billion, the company announced in an 8K filing Wednesday.…
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IRS notifies Microsoft it owes an additional $29 billion in back taxesJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
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