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IRS Escapes Facebook’s $7B Suit Over Blocked Tax Appeal

Law360, Los Angeles (May 15, 2018, 3:49 PM EDT) -- A California federal judge has granted the Internal Revenue Service’s motion to dismiss a $7 billion lawsuit brought by Facebook Inc. that alleged the IRS unjustly denied the social media company’s right to appeal the agency’s decision to adjust its taxes after an audit of its returns.

U.S. Magistrate Judge Laurel Beeler said in an opinion Monday that Menlo Park, California-based Facebook was incorrect in claiming a right to contest in the IRS Office of Appeals an IRS finding that undervalued intangible property the company transferred to...
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Case Information

Case Title

Facebook, Inc. and Subsidiaries v. Internal Revenue Service et al


Case Number

3:17-cv-06490

Court

California Northern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Judge

Laurel Beeler

Date Filed

November 8, 2017

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