UnitedHealth Group is disputing proposed tax adjustments from the IRS related to transactions with an unnamed foreign subsidiary between 2017 and 2020. The IRS is seeking to increase the company’s taxable income for those years and could pursue additional adjustments for later periods.
UnitedHealth said it disagrees with the proposed changes and plans to challenge the IRS position through available administrative and legal processes. The company also reported that its existing reserves for uncertain tax positions are sufficient to address the matter.
The issue was disclosed in UnitedHealth’s recent SEC filings, providing additional details on the company’s ongoing tax dispute with the IRS.
Resource: UnitedHealth disputes IRS proposal to boost tax bill