• Microsoft revealed on Wednesday that the IRS is attempting to collect $28.9 billion in back taxes but says it will appeal, a process expected to take years.
• The revelation comes after an IRS audit into Microsoft that spanned from 2004 to 2013. The IRS determined that the tech giant owes an additional $28.9 billion in taxes, plus penalties and interest, according to a press release put out by Daniel Goff, the company’s corporate vice president of worldwide tax and customs.
• Goff said that Microsoft has been working with the IRS on the audit for nearly a decade. The audit was meant to address questions about how the company allocated its income and expenses during those years.

Tagged: IRS