IRS seeks to recover $355 million tax break claimed by Meta for Mark Zuckerberg, report says
Meta classified Mark Zuckerberg as a researcher to claim a $355 million tax break on his 2013 compensation, and the IRS is now seeking to recover the funds, according to The New York Times.
Meta classified Mark Zuckerberg as a "researcher" to claim a $355 million tax break connected to his $4 billion compensation package in 2013, according to a report from The New York Times.[1][2][3]
The Internal Revenue Service is now attempting to recover the $355 million in tax savings that Meta secured through the classification.[1]
Key facts
- Meta classified Mark Zuckerberg as a researcher to secure a $355 million tax break, according to The New York Times.
- The $355 million deduction was tied to Zuckerberg's $4 billion compensation package in 2013.
- The IRS is attempting to claw back the $355 million in tax savings from Meta.
Sources · 3 sources
- WG
Watcher.Guru@WatcherGuruPost on X ·
🇺🇸 $META classified Mark Zuckerberg as a "researcher" to claim a $355,000,000 tax break on his $4 billion compensation in 2013, NYT reports. The IRS is now trying to recover the $355 million in tax savings. https://t.co/Cs32ngEBOR
Open source - PM
Polymarket Money@PolymarketMoneyPost on X ·
JUST IN: Meta reportedly classified Mark Zuckerberg as a “researcher” to claim a $355,000,000.00 tax break tied to his compensation in 2013.
Open source - UW
unusual_whales@unusual_whalesPost on X ·
BREAKING: Meta, $META, took a $355 million tax break on Mark Zuckerberg’s $4 billion compensation by classifying him as a researcher, per the NYT
Open source