Have they already started using (Microsoft's) AI to process those returns? As they said so.
https://www.cnbc.com/2023/09/12/irs-plan-to-use-ai-may-affec...
https://www.irs.gov/newsroom/irs-announces-sweeping-effort-t...
IRS says Microsoft owes an additional $29B in back taxes
11–20 of 36 posts
Re: IRS says Microsoft owes an additional $29B in back taxes
#12When you are a top 10 company, will the IRS converse & let you know why they think you owe what they say you do? Or is it like the rest of us plebes where we only ever guess why their numbers are different & what fines we might have been dinged by?
The IRS will let you know what they think you owe. They will tell you why. And, AFAIK, tends to waive fines if the mistake was honest and quickly corrected.
This was my experience too. While it takes a good long while to get resolved, because my mistakes were accidental and I talked it through and followed the process, I was dealt with politely and given grace.
All in all a scary but good experience.
Re: IRS says Microsoft owes an additional $29B in back taxes
#13Re: IRS says Microsoft owes an additional $29B in back taxes
#14Government shutdown solved lol. That should cover it for a couple more months.
Re: IRS says Microsoft owes an additional $29B in back taxes
#15When you are a top 10 company, will the IRS converse & let you know why they think you owe what they say you do? Or is it like the rest of us plebes where we only ever guess why their numbers are different & what fines we might have been dinged by?
The IRS will let you know what they think you owe. They will tell you why. And, AFAIK, tends to waive fines if the mistake was honest and quickly corrected.
Wow that's nice. In Holland the government always assumes you did it on purpose even though usually that isn't actually the case.
Re: IRS says Microsoft owes an additional $29B in back taxes
#16Government shutdown solved lol. That should cover it for a couple more months.
based on 2022 outlays (6.27T), it's unfortunately about 40 hours.
Re: IRS says Microsoft owes an additional $29B in back taxes
#17When you are a top 10 company, will the IRS converse & let you know why they think you owe what they say you do? Or is it like the rest of us plebes where we only ever guess why their numbers are different & what fines we might have been dinged by?
> like the rest of us plebes where we only ever guess why their numbers are different & what fines we might have been dinged by? That is not true. The IRS sends letters through U.S. mail when they propose a change to the return you filed, and whether there is a refund or additional balance due, they indicate what numbers differ and what penalties, if any, were applied. You can then either accept the change, or disagr…
While reminding you, interest is accumulating.
Re: IRS says Microsoft owes an additional $29B in back taxes
#18So send the majority shareholders and directors to jail until everything is paid in full, including interest on it.
Corporations are people after all
Re: IRS says Microsoft owes an additional $29B in back taxes
#19So send the majority shareholders and directors to jail until everything is paid in full, including interest on it. Corporations are people after all
I’m baffled by your comment. This wouldn’t benefit the government at all. They just want their money and wouldn’t want to collapse a major American enterprise over money they will collect by any means necessary.
Re: IRS says Microsoft owes an additional $29B in back taxes
#20So send the majority shareholders and directors to jail until everything is paid in full, including interest on it. Corporations are people after all
I’m baffled by your comment. This wouldn’t benefit the government at all. They just want their money and wouldn’t want to collapse a major American enterprise over money they will collect by any means necessary.
It's just a classic social media hot take with no thought behind it, designed to get that instant sweet dopamine from upvotes rather than advance the discussion.
30 years of the web and we still haven't worked out how to discourage this (HN does a better job than most though)