IRS says Microsoft owes an additional $29 billion in back taxes

Microsoft said the IRS notified the company it owes an additional $28.9 billion in back taxes.

IRS recovers $1B in crackdown on taxes owed by millionaires - Federal News Network

The IRS has collected $1 billion in overdue tax revenue, after launching a crackdown on millionaires not paying what they owe. ; The agency last fall announced it was going after 1,600 wealthy individuals with more than $1 million in annual income and more than $250,000 in tax debt. ; IRS Commissioner Danny Werfel told reporters that audit rates for high-wealth individuals and complex partnerships fell over the last decade and have been at “historic lows.” ; But the IRS is tapping into tens of billions of multi-year modernization funds in the Inflation Reduction Act to rebuild its workforce and beef up its enforcement operations.

How to get help with IRS tax debt, according to experts - CBS News

Miscalculating and underreporting your income, for example, is a common reason many people owe the IRS. Similarly, underestimating self-employment taxes or being unaware of new income tax...

IRS tells Microsoft it owes $29 billion in back taxes - The Verge

Microsoft is in a dispute with the IRS over back taxes the agency says it owes for years 2004 through 2013.

IRS puts 125,000 high-income individuals not filing tax returns on notice, to re

IRS enforcement is prioritizing cases that involve millionaires who owe at least $250,000 in taxes. Werfel said that audit rates for high-income earners have “fallen sharply over the last...

IRS may still owe you money from 2020 taxes. How to amend your return.

their taxes, the IRS said it would make the corrections for people. Earlier this month... the IRS? Here's what you might owe on your benefits Companies can deduct full cost of business...

EXCLUSIVE: IRS claims Rudy Giuliani owes $550k in unpaid taxes and places a LIEN

The IRS claims Rudy Giuliani owes $549,435.26 in unpaid income taxes for 2021, DailyMail.com can reveal.

Biden pushes bigger budget for IRS to collect $700B in taxes owed - Federal News Network

the taxes they already owe.” The White House is also calling on Congress to pass legislation that would give the IRS the authority to regulate paid tax preparers. The spending plan Biden...

Joe Biden could owe up to $500,000 in back taxes to the IRS after avoiding to pa

A non-partisan government report indicates that President Joe Biden could owe as much as $500,000 in back taxes to the IRS after he avoided paying for Medicare for years

IRS says Microsoft owes $28.9 billion in tax plus penalties and interest for 200 - MSPoweruser

“We believe we have always followed the IRS’ rules and paid the taxes we owe in the U.S. and around the world. Microsoft historically has been one of the top U.S. corporate income...