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IRS Delivers $3-$5 Billion Notice of Deficiency To Facebook

The Internal Revenue Service has delivered a Notice of Deficiency to Facebook for $3-5 billion as reported by Bloomberg. A Notice of Deficiency (or CP3219A Notice) is a document from…

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IRS Investigates Facebook Over Asset Transfer

The US Internal Revenue Service(IRS) is investigating Facebook over a transfer of assets to an Irish subsidiary. In 2010, Facebook Inc sold the rights to exploit the social media platform…

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IRS Hacked, 100K Taxpayers Data Taken

Yesterday, The IRS announced that they had shut down an online service for obtaining tax records after they had determined that “unusual activity had taken place on the application, which…