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The final bill by the IRA for back taxes could be lowered by $10 billion in taxes paid by Microsoft under the Tax Cuts and Jobs Act (TCJA).
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
Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years.
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Microsoft said the IRS notified the company it owes an additional $28.9 billion in back taxes.
Coca-Cola announced Friday it will pay $6 billion in back taxes and interest after a ruling... dating back nearly 20 years with the IRS. The dispute covers fiscal years 2007-09, which is...
Service (IRS). The IRS announced penalty relief in December for... failure-to-pay waiver provision The penalty relief is automatic for taxpayers who owe back taxes, though it’s limited to...
On Tuesday, the software giant announced it’s currently on the hook to pay $28.9 billion in back taxes following an IRS audit. The federal agency has been examining Microsoft’s finances...
The IRS says it's going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 a year for tax years 2020 or 2021.