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.
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.
Apple has released details for the first six US states participating in sales tax holidays, where consumers can enjoy tax-free shopping on eligible Apple products. The dates and maximum spend limits vary by state, with categories including computers, accessories, iPads, and more. Additional states are expected to join the sales tax holiday, offering further opportunities for savings on Apple products.
