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.

Artificial Intelligence May Help IRS Close the Tax Gap | U.S. GAO

Hundreds of billions of dollars are potentially missing from what should be collected in taxes each year. Known as the “tax gap,” this money is the difference between what is owed and what is paid...

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 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.

Owe IRS more in business tax than expected? These are the next steps

and owe more taxes than they have in the past few years. Tax law changes in 2022 are also... File even if you can’t pay the whole IRS bill. Some small businesses may not have filed their...

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...

Gap between U.S. income taxes owed and paid is set to keep growing, IRS says : N

unpaid taxes pile up each year — and tax gap estimates keep getting bigger. IRS Commissioner Danny Werfel said that the rising tax gap estimates "underscores the importance" of more...

How to Find Out How Much You Owe in IRS Back Taxes - TurboTax Tax Tips & Videos

Not sure if you owe back taxes to the IRS? There are several ways to find out and steps you can take to determine the amount.

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...

The IRS got $80 billion to beef up and target rich tax evaders

The vast majority of ordinary wage earners already pay the taxes they owe. They don't have much choice, since their income is reported directly to the IRS. Wealthy people have more...