Microsoft Announced Receipt Of Notices Of Proposed Adjustment From Internal IRS For Tax Years 2004-2013; Says NOPAs Were Received On Sept. 26, 2023, IRS Says Co. Owes An Additional $28.9B In Tax Plus Penalties And Interest
Portfolio Pulse from Bill Haddad
Microsoft has received Notices of Proposed Adjustment (NOPAs) from the Internal Revenue Service (IRS) for tax years 2004-2013. The IRS claims that Microsoft owes an additional $28.9 billion in tax, plus penalties and interest.
October 11, 2023 | 8:21 pm
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Microsoft is facing a significant tax claim from the IRS, which could impact its financial position and potentially its stock price.
The IRS's claim for an additional $28.9 billion in tax, plus penalties and interest, is a significant financial burden for Microsoft. This could potentially impact the company's financial position and its ability to invest in growth initiatives, which could in turn affect its stock price. The news is highly relevant to Microsoft as it directly involves the company's tax obligations.
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