FRAIS DENTIS, the company behind a digital currency called Bitcoin, is paying $2,869,853 in federal tax after being audited by the Internal Revenue Service.
The IRS confirmed that it was reviewing the payments and that FRAisDentis is “currently under audit by the IRS,” according to the Washington Post.
According to the Post, the payment, if verified, would be the first known tax-deductible payment made to FRAiS, and could raise questions about whether the payments were made in accordance with FRA iS guidelines.
The payments were reported by the Post on Sunday, after the publication of a previously undisclosed audit of FRA’s payments by the same IRS.
The paper cited anonymous sources familiar with the audit.FRAiDentes payments were first revealed in February after a tax audit was published by Bloomberg.
Bloomberg reported that the company paid a total of $2 million in federal income taxes on $3.2 billion in payments from 2009 to 2015.
The company then paid $1 million in penalties to the IRS for a similar amount.
FraisDonts tax payments came after the IRS audit, and after a second audit in November, according a company representative.FTAiS did not immediately respond to a request for comment.
The company has received millions of dollars in tax credits in recent years.
In December, FRA said it would pay $250 million in credits to small businesses to make it more attractive to attract new businesses.
But the company was forced to pay back the credit over a three-year period, starting in 2020.
The latest payment comes just weeks after the company said it was filing for bankruptcy and was in the process of shutting down its operations.
The IRS told Axios that it has “no further information on the IRS tax audit of the company.”
In October, the Senate Finance Committee said it is looking into whether FRA has paid any federal taxes since at least 2013.