No one is safe from the IRS this tax season — and the multi-billion dollar corporation Walgreens just got a big audit from the government.

According to a file with The US Securities and Exchange Commission on February 29, Walgreens Boots Alliance was hit with a $2.7 billion bill from the IRS after audits conducted by the agency allegedly found problems with Walgreens' transfer pricing between 2014 and 2017.

“The company intends to vigorously defend its position on the transfer pricing issue through the IRS administrative appeals office and, if necessary, court proceedings and is confident in its ability to prevail on the merits,” it said. SEC filing on behalf of Walgreens.

Walgreens Boots Alliance oversees Walgreens in the US and Boots pharmacies in the UK

“We believe we will prevail at the conclusion of the audit,” a Walgreens spokesman said Chicago Tribune.

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According to Investopediatransfer pricing is defined as an “accounting practice that represents the price that one division in a company charges another division for goods and services provided,” which is often used to help reduce the overall “tax burden of the parent company.”

The IRS is seeking additional tax payments, interest and penalties on its total refund from Walgreens.

The audit could take anywhere from two to seven years to complete, according to Bloomberg.

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Walgreens Boots Alliance joins other major corporations, including Meta, Apple and Microsoft that are also facing IRS audits over transfer pricing issues.

Last fall, Walgreens unfold a plan to reduce costs by $1 billion after reporting a weak fiscal 2023 that resulted in an operating loss of $6.9 billion for the year due to opioid-related lawsuits and other litigation.

Amid losses, Walgreens is now unveiling an aggressive cost-cutting plan, including closing 60 of its clinics, Axios reported.