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Microsoft says IRS wants $28.9bn in owed taxes

by usoftax_admin | Oct 12, 2023 | Tax News

The company doesn’t agree with historical adjustments amid a dispute that mainly concerns transfer pricing.

LIVE COVERAGE: Day 8 Of Trump’s NY Civil Fraud Trial

by usoftax_admin | Oct 12, 2023 | Tax News

Law360 is providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general’s civil fraud case. Follow along here.

Debt capacity analysis across Europe: emergence of a new TP reality

by usoftax_admin | Oct 12, 2023 | Tax News

Karolina Ibranyi-Matkovits and Michal Stepien of Deloitte Luxembourg summarise crucial research on how debt capacity is managed across Europe, and outline how taxpayers are building sustainable positions.

IRS Tells Microsoft It Owes $29B In Back Taxes, Penalties

by usoftax_admin | Oct 11, 2023 | Tax News

Microsoft Corp. revealed in a U.S. Securities and Exchange Commission filing Wednesday that it received a notice from the IRS that it owes an additional $28.9 billion in back taxes, but that it plans to “vigorously contest” the bill.

NY Trump Judge Says A Jury Trial Was Never On The Table

by usoftax_admin | Oct 11, 2023 | Tax News

A Manhattan judge on Wednesday sought to put to rest widespread speculation about the lack of a jury in the civil fraud trial of Donald Trump over the New York attorney general’s claims that the former president falsely inflated his net worth by billions of...

Faulty Translation Clouds Bad Faith In $11.6M FBAR Suit

by usoftax_admin | Oct 11, 2023 | Tax News

A man who owns both U.S. and foreign businesses and failed to report foreign bank accounts, leading to an $11.6 million penalty, may have done so because he was confused by a bad translation of the reporting instructions, a Hawaii federal judge said.
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