Sprint-Nextel says SEC probe follows NY tax suit

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Sprint-Nextel says SEC probe follows NY tax suit

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ALBANY, N.Y. (AP) - Sprint-Nextel Corp. says it's cooperating with a Securities and Exchange Commission investigation into its collection and remittance of state and local sales taxes, saying it follows the flawed lawsuit filed by New York Attorney General Eric Schneiderman.

Sprint says it recently received an SEC subpoena regarding tax collections and payments, including those in New York.

The telecommunications company has asked a judge to dismiss the New York suit claiming $100 million in unpaid sales taxes and seeking treble damages.

Schneiderman says Sprint should collect taxes on the full amount of monthly access fees for mobile calling plans, while it has withheld about 25 percent based on the theory it doesn't owe them on the interstate portion.

Overland Park, Kan.-based Sprint says Thursday that the suit is without merit.

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Sprint-Nextel says SEC probe follows NY tax suit - NEWS10 ABC: Albany, New York News, Weather, Sports

Sprint-Nextel says SEC probe follows NY tax suit

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Rensselaer County Clerk seals pistol permit records

Rensselaer County Clerk seals pistol permit records

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Young crash survivor gets special day

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Teen gets probation, community service in death of 21-year-old friend

Three women arrested in Schenectady prostitution sweep

Three women arrested in Schenectady prostitution sweep

Missing Saratoga Springs man, 91, may be traveling Florida

Missing Saratoga Springs man, 91, may be traveling Florida

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Mayor: Schenectady $3.5 million in the black

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New ways to get resources to Guardian House

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Northway Twin Bridges construction coming to a close

Albany PD hold annual bike rodeo Saturday

Albany PD hold annual bike rodeo Saturday

Boston Symphony Orchestra names new music director

Boston Symphony Orchestra names new music director

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