The Internal Revenue Service is seeking to recover about $1.4 billion in taxes it claims are owed by Silicon Valley Bank, the regional lender that failed last year.
The federal tax agency claims the California-based lender owes both corporate income and employment taxes spanning a four-year period ending in 2023, according to a lawsuit filed Tuesday in Washington federal court. The complaint was brought against the
The complaint comes on the heels of a
The IRS noted in its court filing that the amount sought represents an estimate "because pending examinations of the tax returns were underway."
The agency determined that some of the employment taxes had been paid, according to the filing, which didn't specify how much.