Facebook Ireland Holdings Unlimited and Facebook are receiving the IRS stink-eye. The social network is under the microscope of agent Nina Wu Stone. Agent Stone has been trying to hunt down documentation related to the valuation and characterization of assets transferred to Ireland by Facebook. For months Agent Stone has attempted to retrieve the documents and has even hand delivered six summonses to Facebook’s CFO David Wehner as the DoJ Petition notes:
“In furtherance of the examination for 2010 and in accordance with 26 U. S. C. 7602, on June 1, 2016, Revenue Agent Stone issued six IRS summonses directing Facebook to appear at 55 South Market Street, 6th floor, San Jose, California, 95113 on June 17, 2016, at 1:00 p.m. and to produce for examination books, records, papers and other data as described in the summonses. Stone Decl. 6 & Exs. 1-6“
This post was published at Zero Hedge on Jul 7, 2016.
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