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The IRS just dropped approximately $29 billion in back taxes on Microsoft. Oops.

Microsoft has been under audit from the IRS for the years 2004-2013. The federal agency has said that Microsoft owes an additional $29 billion in back taxes on top of the $10 billion the company had already paid.

October 12, 2023 · 1 min · 42 words · Elizabeth Garrett

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Microsoftissued a statementregarding the proposed adjustments and declaring its intentions to contest the notices.

The process could ultimately take several years to reach a resolution.

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