Facebook Could be Slammed with Multi-Billion Dollar Tax Bill

Facebook could get hit with a massive tax bill from the IRS that would have a material impact on the company.
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Facebook  (FB) - Get Report  could get hit with a massive tax bill from the IRS. Facebook said in a filing that it could be facing a $3 to $5 billion dollar tax bill and that would have a material impact on the company.  The IRS is investigating Facebook's tax payments for the years 2008 thru 2013, according to the filing. Facebook says it plans to challenge the IRS in tax court.