Microsoft just disclosed the Internal Revenue Service (IRS) has asked for a hefty sum of taxes that it believes the tech company has not paid.
The funds, sought through notices of proposed adjustments, totalled $28.9 billion not including penalties and interest, according to a Securities and Exchange Commission (SEC) filing submitted Wednesday by Microsoft. The IRS apparently believes the company owes that amount for tax years 2004 to 2013.
Microsoft said the IRS sent the notices late last month.
“We disagree with the proposed adjustments and will vigorously contest the NOPAs through the IRS’s administrative appeals office and, if necessary, judicial proceedings,” the tech company said.
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Microsoft, while disclosing the situation to the SEC, attached a blog post to its filing.
In it, the company explained the “main disagreement” as being over how it “allocated profits during this time period among countries and…
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