MicroStrategy's Michael Saylor settles record $40 million DC income tax case

The settlement represents the largest income tax fraud recovery in D.C. history, according to Attorney General Brian Schwalb.

Michael Saylor, the Executive Chairman and co-founder of corporate bitcoin holder MicroStrategy, has agreed to a $40 million income tax case settlement — the largest in District of Columbia history — the attorney general's office announced on Monday.

Despite the settlement, Saylor continues to refute the claims. “Florida remains my home today, and I continue to dispute the allegation that I was ever a resident of the District of Columbia,” Saylor told the New York Times, which first reported the news. “I have agreed to settle this matter to avoid the continued burdens of the litigation on friends, family, and myself.”The District of Columbia sued Saylor and MicroStrategy in August 2022, accusing Saylor of evading over $25 million in D.C.

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