The Internal Revenue Service (IRS) building
The IRS may be cracking down on corporations moving profits around different countries to dodge taxes.
  • Microsoft recently revealed that the IRS said it owes nearly $29 billion in back taxes.
  • It's a glimpse into how much companies might be moving profits around to avoid paying taxes.
  • It also comes as the IRS is newly resourced to crack down on enforcement.

The IRS says Microsoft owes nearly $29 billion in back taxes — and it might signal a greater spotlight on how much tech titans are paying in taxes.