secwatch.observer — SEC 8-K summary
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Issuer:     MICROSOFT CORP (MSFT)
CIK:        0000789019
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001193125-23-254151
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IRS seeks $28.9B additional tax from Microsoft for 2004-2013 transfer pricing
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- IRS issued Notices of Proposed Adjustment (NOPAs) on Sept 26, 2023, seeking $28.9B plus penalties and interest.
- Microsoft says it has paid over $67B in U.S. taxes since 2004 and will vigorously contest the NOPAs.
- Potential reduction of up to $10B from taxes paid under the Tax Cuts and Jobs Act not reflected in the NOPAs.
- Company expects no final resolution within 12 months; believes current tax contingency allowances are adequate.
- Dispute centers on intercompany transfer pricing and cost-sharing arrangements for intellectual property.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789019/000119312523254151/0001193125-23-254151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789019/000119312523254151/d530324d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-254151

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