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Why Microsoft’s $29 Billion Tax Bill Could Be the Big Knockout Punch in Fight with the IRS

CPA Practice

By Clint Rainey, Fast Company (TNS) Way back in 2012, the IRS launched the largest-ever audit in history, accusing Microsoft of stashing billions in offshore tax havens to dodge U.S. Former CEO Steve Ballmer got summoned. Microsoft was told that agents had discovered many red flags in their investigation.

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When You Need to Hire a Pro: Online Accounting Service for Small Business

xendoo

They can help you prevent getting audited by the IRS by setting up your bookkeeping system right the first time and preparing and guiding you through an audit, if necessary. . You need to figure out the best legal structure for your SMB. When you have been audited. An audit sounds daunting because it truly is!

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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

You can bet, however, that they take the time to read through communications from tax authorities indicating that they are being audited or that they owe back taxes. Audits may increase as states share data with one another about smaller firms that log sales in several locations. Then the scrambling begins.