By Jeffery Leon
The tax fight between Facebook and the IRS, which could leave the tech giant on the hook for upwards of $9 billion, will resume in late August, the U.S. Tax Court announced.
The trial will start again August 22, in person, at the Phillip Burton Federal Building and U.S. Courthouse in San Francisco, the Tax Court said in an order released Thursday.
Facebook is fighting a $1.76 million tax bill it received for its 2010 tax year. The IRS argues the tech giant undervalued intangible assets, including marketing materials, trademarks, and technologies, that it transferred to an Irish subsidiary, and …
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