Businesstaxation News

The latest businesstaxation stories, summarized by AI

H&R Block's Tax Day Outage Causes Frustration for Last-Minute Filers

H&R Block experienced technology outages, affecting last-minute tax filers using desktop software, but not those using web browser or working with tax professionals. The issue started Sunday night and was resolved by Monday afternoon, with the company receiving about 2,000 inquiries related to the outage. The IRS encourages e-filing, warning that processing paper returns takes longer. Meanwhile, the U.S. Treasury Department met its goal of 100,000 taxpayers filing returns as part of the Direct File pilot program, with eligible taxpayers in 12 states able to file simple tax returns using Direct File until the deadline.

1 year ago•Source: Fox Business

Microsoft Fights IRS Demand for $29 Billion in Back Taxes

businesstaxation

2.49 min•2 years ago

Microsoft Fights IRS Demand for $29 Billion in Back Taxes

Microsoft plans to appeal the Internal Revenue Service's (IRS) request for nearly $29 billion in back taxes, stemming from a dispute over transfer pricing arrangements between the company's subsidiaries. The IRS claims that Microsoft underreported its income by billions of dollars, while Microsoft argues that it has complied with all tax laws and regulations. The case is expected to go to court, and the outcome could have significant implications for multinational corporations and their tax practices.

via CNN

"Apple Announces Tax-Free Deals on Select Products for US Sales Tax Holidays"

businesstaxation

2.465 min•2 years ago

"Apple Announces Tax-Free Deals on Select Products for US Sales Tax Holidays"

via 9to5Mac

Featured Businesstaxation Stories

H&R Block's Tax Day Outage Causes Frustration for Last-Minute Filers

Microsoft Fights IRS Demand for $29 Billion in Back Taxes

"Apple Announces Tax-Free Deals on Select Products for US Sales Tax Holidays"

More Businesstaxation Stories