Reuters logo
3 个月前
BRIEF-PRA Group agrees to settle with IRS
2017年5月15日 / 中午12点15分 / 3 个月前

BRIEF-PRA Group agrees to settle with IRS

May 15 (Reuters) - PRA Group Inc:

* PRA Group agrees to settle with IRS

* Reached a settlement with irs in regards to notices of deficiency for tax years ended December 31, 2005 to December 31, 2012

* PRA Group-under deal,subject to court approval, will utilize a new tax methodology to recognize net finance receivable revenue effective tax year 2017

* Company will not be required to pay any interest or penalties related to prior periods

* PRA Group -settlement should have no direct impact on reported earnings as co not required to pay interest or penalties related to prior periods

* Do not expect this to have any material impact on ability to purchase nonperforming loans Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below