FB is being examined by the IRS, Billion of TAX credits at stake

٨ يونيو ٢٠١٥

The IRS has a rule about Tax loss carry forward and change of ownership of a Corporation. The tax credits that FB has taken since the IPO will likely be denied. We are talking Billions of Dollars here. So instead of being a high pe stock. it could become a no pe stock. Losses instead of earnings. This information is in the 10K for 2014. Hidden in notes to financial statements under Income tax. Good Luck