UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): November 15, 2010

Symantec Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware (State or Other Jurisdiction of Incorporation)		000-17781 (Commission File Number)		77-0181864 (IRS Employer Identification No.)

350 Ellis Street, Mountain View, CA (Address of Principal Executive Offices)		94043 (Zip Code)

Registrant’s Telephone Number, Including Area Code (650) 527-8000

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 8.01		Other Events

On December 10, 2009, the U.S. Tax Court issued its opinion in Veritas Software Corp v. Commissioner, 133 T.C. No. 14 (“Veritas”), finding that Symantec Corporation’s transfer pricing methodology, with appropriate adjustments, was the best method for assessing the value of the transaction at issue between Veritas and its international subsidiary. In June 2010, we reached an agreement with the Internal Revenue Service (“IRS”) concerning the amount of the adjustment related to the U.S. Tax Court opinion. On August 10, 2010, the Tax Court issued the final decision order. Under the Tax Court’s decision, we owe no further taxes, interest or penalty for Veritas’ 2000 and 2001 tax years. The time period for the IRS to initiate an appeal in Veritas expired on Monday, November 8, 2010. On November 10, 2010, the IRS confirmed that it had chosen not to appeal the U.S. Tax Court’s decision. Accordingly, the matter has now been closed.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.