Microsoft receives notice from IRS for nearly $29B in back taxes, penalties
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Microsoft (NASDAQ:MSFT) said on Wednesday that it had received a notice from the Internal Revenue Service that it owed $28.9B in back taxes plus interest and fines for the tax years 2004 to 2013.
In an 8-K filing, Redmond, Washington-based Microsoft (MSFT) said it received the notices of proposed adjustment on September 26.

"As of September 30, 2023, we believe our allowances for income tax contingencies are adequate," Microsoft said in the filing. "We disagree with the proposed adjustments and will vigorously contest the NOPAs through the IRSâs administrative appeals office and, if necessary, judicial proceedings."
Microsoft added that it does not expect a final resolution on the matter in the next 12 months, but that it did not expect a "significant" increase or decrease in its tax implications over the same time frame.
Microsoft (MSFT) shares slipped around 0.3% in extended-hours trading on Wednesday.


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