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BRIEF-Service Corporation International receives from IRS office of Appeals fully executed forms 870-AD
March 6, 2017 / 12:52 PM / 5 months ago

BRIEF-Service Corporation International receives from IRS office of Appeals fully executed forms 870-AD

1 Min Read

March 6 (Reuters) - Service Corporation International -

* On March 2,got from IRS office of Appeals fully executed forms 870-AD, settles issues under audit from 1999 to 2005

* Anticipate paying about net $40.0 million in tax, interest within next few months as result of resolution - SEC filing

* Expect to fund the amount using available capacity under bank credit facility - SEC filing

* Expect resolution of tax audits to result in reduction to current reserves for unrecognized tax benefits of about $100 million

* Do not expect payment to impact liquidity,capital deployment plans in 2017 - SEC filing Source text for Eikon: [bit.ly/2lObzcF] Further company coverage:

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