Anti-virus software provider Symantec said that the Internal Revenue Service is seeking roughly $1 billion in additional taxes, with the majority of that figure coming from Veritas Software Corp. -- a business that Symantex acquired in July.
Specifically, the IRS wants $900 million in added taxes from Veritas for the 2000 and 2001 tax years, as well as another $100 million from Symantec's 2003 and 2004 tax years.Symantec paid $10.2 billion to acquire Veritas, a manufacturer and marketer of data storage software. According to a federal filing, the revenue claims are centered on Veritas products that were shipped to foreign units. Symantec said that it would fight the claims.
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