IRS to Waive $1 Billion in Penalties for People and Firms Owing Back Taxes for 2020 or 2021
The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’...
If you owe back taxes, it’s important to act quickly and set up a plan to repay them.
Back taxes can be a burden, but there are ways to get help. Here's what some experts suggest.
years to step up the IRS’ enforcement capabilities. While $20 billion was ultimately clawed back in 2023 as part of the... in taxes, ultimately collecting $482 million. The agency said it...
On Wednesday, the Internal Revenue Service (IRS) notified Microsoft that it may owe $28.9 billion in back taxes, plus penalties and interest, from 2004 through 2013. The IRS says it believes that as of Sept. 30, its tax adjustments are correct and will elevate the issue to judicial proceedings, if necessary. Microsoft disputed the claims, saying in a press release that the IRS’ adjustment is not final and does not take into account the Tax Cuts and Jobs Act, which the company says could decrease its financial obligations by up to $10 billion. ...
(AP Photo/Patrick Semansky, File) (ASSOCIATED PRESS) WASHINGTON (AP) — The IRS said Tuesday... failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021....
Microsoft is in a dispute with the IRS over back taxes the agency says it owes for years 2004 through 2013.
hook to pay $28.9 billion in back taxes following an IRS audit. The federal agency has been... 26, the agency sent “Notices of Proposed Adjustments” to Redmond about the owed amount....
The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.