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IRS to Symantec: $1 billion please [04/18/2006]
SAN FRANCISCO (UPI) -- The Internal Revenue Service said Monday that California's Symantec Corp. owes more than $1 billion in taxes.

The maker of the widely used Norton family of anti-virus and security software said that it received a notice from the IRS claiming the company owes $1 billion in additional taxes, mostly related to Veritas Software Corp., MarketWatch reported.

Symantec, which acquired Veritas last July, said it will fight the claim.

Copyright 2006 by United Press International

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