IRS Probes UnitedHealth Group Over Foreign Money Transfers – HEALTH CARE un-covered
News Source
EXCERPT:
In a big scoop this week, STAT’s Bob Herman revealed that the Internal Revenue Services is investigating UnitedHealth Group over what the agency says was an underpayment of taxes between 2017 and 2020 involving transfers of money to a foreign subsidiary.
According to STAT, the IRS is “seeking to significantly increase taxable income” reported by the company during those four years, and the dispute could extend to tax years after 2020. UnitedHealth disclosed in a recent regulatory filing that it received notices from the IRS in March.
