SYNOPSYS INC: Still Disputes 2002-2004 Income Tax Return Matters

Synopsys, Inc. continues to dispute matters arising from the Internal Revenue Service’s examination of the Company’s federal income tax returns for the years 2002 through 2004.

In the third quarter of 2006, the IRS started the examination.

In July 2008, the IRS…

SYNOPSYS INC: Decreases Liability by $41M on June 30 Settlement

Synopsys, Inc., during the third quarter of 2008, decreased its FIN 48 liabilities by US$41 million as a result of a June 30, 2008 Internal Revenue Service ruling on a net tax deficiency for fiscal years 2000 and 2001.

On June…

SYNOPSYS INC: Final Closing Agreement with IRS Executed in June

Synopsys Inc. and the Internal Revenue Service, on June 30, 2008, executed a final Closing Agreement under which substantially all of the proposed assessment was eliminated.

On June 8, 2005, the Company received a Revenue Agent’s Report in which the IRS…

SYNOPSYS INC: To Seek Resolution of IRS’s 2002-2004 Adjustments

Synopsys Inc., in its Form 10-Q dated Sept. 9, 2008, disclosed that it will seek resolution of Internal Revenue Service’s proposed adjustments to the Company’s 2002 through 2004 taxes through the IRS Appeals Office.

In the third quarter of 2006,…