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Tag: IRS

U.S. IRS demands $28.9 billion in back taxes from Microsoft

Thursday, October 12, 2023 3:50 pm11 Comments

Microsoft has been hit with a demand for $28.9 billion in back taxes from the U.S. IRS which the MacOS knockoff-peddler intends to contest…

Former Apple employee sentenced to prison for defrauding Apple of more than $17 million

Thursday, April 27, 2023 9:16 am10 Comments

Dhirendra Prasad was sentenced to serve three years in prison and ordered to pay $19,270,683 in restitution for conspiring to defraud Apple …

Former Apple employee admits defrauding company out of more than $17 million

Wednesday, November 2, 2022 3:27 pm2 Comments

A former Apple employee pleaded guilty Tuesday to defrauding the tech giant out of more than $17 million over seven years, federal…

When all U.S. coronavirus stimulus payments should arrive

Monday, April 20, 2020 9:16 am20 Comments

More than 80 million Americans were slated to receive their coronavirus stimulus payments via direct deposit this week, but with a total of 171 million Americans…

Dow rebounds by 1,000 points as President Trump reportedly seeks $1 trillion coronavirus stimulus package

Tuesday, March 17, 2020 3:33 pmTuesday, March 17, 20203 Comments

Stocks surged in volatile trading Tuesday as Wall Street cheered reports of White House coronavirus stimulus plans and new actions by the Fed…

U.S. postpones April 15 tax payments for 90 days for most Americans

Tuesday, March 17, 2020 3:07 pm1 Comment

In an unprecedented move, the U.S. government will postpone the April 15 deadline for tax payments for millions of individuals, giving Americans…

New scam: Student puts $1,762 on iTunes cards to pay IRS

Monday, September 26, 2016 9:59 amMonday, September 26, 201647 Comments

Maggie Passino, 20, received a string of frantic calls on her first day of college that scared her into throwing away $1,762 in savings…

Is the Apple Watch tax deductible in the U.S.?

Monday, May 11, 2015 5:25 pmMonday, May 11, 201520 Comments

I know many of you die-hard Apple fans have already been to an Apple Store…

Apple’s offshore accounting vs. the SEC, Congress and the IRS

Friday, April 11, 2014 5:33 pmFriday, April 11, 201495 Comments

The Security and Exchange Commission is serious about going after Apple’s off-shore cash…

New Rumsfeld book applauds late Steve Jobs for ‘standing up to Obama’

Monday, May 13, 2013 5:30 pmMonday, May 13, 2013158 Comments

Tea Party and conservative constitutional groups may be the new targets of the IRS…

U.S. Apple investors, beware looming expiration of Bush era tax cuts

Thursday, March 22, 2012 4:09 pmThursday, March 22, 2012164 Comments

What’s better? Capital gains and dividend income, or just capital gains?

Does Apple really pay its fair share of U.S. taxes?

Tuesday, November 22, 2011 11:09 amTuesday, November 22, 201143 Comments

Apple has been able to book a large share of its foreign profits in low-tax jurisdictions…

Senator John McCain eyes Apple’s $54 billion overseas cash pile

Thursday, November 3, 2011 11:07 amThursday, November 3, 2011111 Comments

Some $54bn of the lucre Apple’s reaped from its iPods, iPhones and iPads is outside the US…

IRS opens investigation into Google tax practices

Thursday, October 20, 2011 3:42 pmThursday, October 20, 201114 Comments

The U.S. Internal Revenue Service is auditing how Google Inc. avoided federal income taxes…

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