The IRS has found Microsoft owed nearly $29 billion in taxes

Microsoft has announced that it has received a notification from the U.S. Internal Revenue Service (IRS) for an additional tax payment of $28.9 billion. Microsoft announced in a statement to the U.S. Securities and Exchange Commission (SEC) that it has received a notification from the IRS for the 2004-2013 tax period. The statement stated that the notification was related to an ongoing dispute with the IRS regarding how the company distributes its profits among different countries and regions, and that within this scope, the IRS has requested that Microsoft pay $28.9 billion in additional taxes, as well as penalties and interest. The statement reported that Microsoft does not agree with the IRS's request for additional taxes, and that the situation will be objected to by judicial authorities if necessary. The statement emphasized that Microsoft has always complied with IRS rules and paid its taxes in the U.S. and worldwide, and that over $67 billion in taxes have been paid to the U.S. since 2004. The statement emphasized that the company's income tax contingency provisions were sufficient as of September 30.