IRS Seeks $28.9B Plus Penalties From Microsoft

The IRS is seeking $28.9 billion plus penalties and interest from Microsoft over taxes for 2004–2013, mainly tied to intercompany transfer pricing. Microsoft disclosed the figure in its quarterly filing for the period ended Sept. 30.

• IRS seeks $28.9B plus penalties and interest for 2004–2013
• Dispute centers on Microsoft's intercompany transfer pricing
• Microsoft disclosed the figure in its Sept. 30 quarterly filing
• Company warned the final amount could differ