In 2008 the US Internal Revenue Service opened an audit of the Mozilla Foundation. I’m happy to note that we’ve settled the issues raised and the IRS recently closed the audit. We entered into a settlement, under which the Mozilla Foundation paid the IRS US $1.5 million.
As a result of this settlement, $15 million in funds we had held in reserve pending the resolution of the audit are now available to support the Mozilla Foundation’s mission to support innovation and opportunity on the web.
I believe this to be a very positive result. We will now go back through the various documents and will have more details on this audit to share in the future. I expect to do so before the end of this year.