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

CPA Practice

The agency had already been auditing the company, but for the next three years, it took perhaps the boldest, most antagonizing steps it had in decades to inspect the company’s finances. Former CEO Steve Ballmer got summoned. billion in back taxes plus penalties and interest.

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

xendoo

You need to figure out the best legal structure for your SMB. One of the first steps when starting a small business is determining the best legal structure for the business. When you have been audited. Many businesses are required to have a financial statement audit or a review with the IRS at some point.

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

PYMNTS

As Peterson pointed out, 15 months after Wayfair , we’re about to see a slew of new audits, targeting a fresh batch of merchants and examining sales from 2019 – and that’s just for starters. Audits may increase as states share data with one another about smaller firms that log sales in several locations.