PARSIPPANY, N.J.—Lodging company Wyndham Worldwide Corp. said Wednesday it expects to pay $145 million in the third quarter to the Internal Revenue Service to resolve certain tax liabilities.
The settlement is the result of an audit of Wyndham's former parent company, Cendant Corp., for federal income tax returns for 2003 through 2006. Wyndham was included on Cendant's tax returns before it was spun off in August 2006.
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