Uber states the Internal Revenue Service is analyzing its income tax return

Uber verified that the Internal Revenue Service is having a look at its 2013 and 2014 income tax return. The business, which lets you hail a flight through an app on your phone, launched the info Tuesday in a regulative filing, including that “various state and foreign tax authorities” are likewise checking out its taxes.

Uber stated it isn’t sure just how much any changes will total up to or when they’ll be made, however the business stated it’s scheduled “adequate amounts” to cover any expenses.

Uber decreased to comment beyond what remains in the filing.

The filing comes a week after the business revealed its first-quarter revenues as a public business, which consisted of a $1 billion loss however a small increase in earnings. The ride-hailing service had a rough launching on Wall Street in May and has actually had a hard time ever since. Its shares were trading a little up on Tuesday, at around $42 per share, however they’re still listed below its IPO cost of $45 per share.

In its initial S-1 filing to end up being a public business, Uber discussed that the Internal Revenue Service was checking out its income tax return. It’s not uncommon for the federal government company to analyze big business’ taxes. The Internal Revenue Service has actually pursued Apple and Amazon in the past.

Uber stated in the filing Tuesday that its significant tax jurisdictions are the United States, Brazil, the Netherlands, Mexico, Australia, Singapore, India and the UK.

Originally released June 4, 12: 22 p.m. PT.
Update, 3: 30 p.m.:  Adjusts phrasing in heading to clarify the Internal Revenue Service is carrying out an audit.