Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 290

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 290
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-2020 with no material adjustments identified, this includes the Alon June 30, 2017 tax return. Alon USA Partners, LP is currently under audit by the IRS for tax year 2019. Delek is currently under audit in various states for tax years 2016 through 2019.  No material adjustments have been identified at this time.ASC 740 provides a recognition threshold and guidance for measurement of income tax positions taken or expected to be taken on a tax return. ASC 740 requires the elimination of the income tax benefits associated with any income tax position where it is not "more likely than not" that the position would be sustained upon examination by the taxing authorities. Increases and decreases to unrecognized tax benefits, which includes interest and penalties, were as follows (in millions): Year Ended December 31,202420232022Balance at the beginning of the year$10.9 $7.0 $14.1 Additions based on tax positions related to current year0.2 4.3 0.9 Additions for tax positions related to prior years and acquisitions0.4 0.2 0.1 Reductions for tax positions related to prior years(0.1)(0.2)(6.5)Reductions for tax positions related to lapse of applicable statute of limitations(4.5)(0.4)(0.4)Reductions for tax positions related to settlements with taxing authorities— — (1.2)Balance at the end of the year$6.9 $10.9 $7.0 The amount of the unrecognized benefit above, that if recognized would change the effective tax rate, is $6.0 million and $6.1 million as of December 31, 2024 and 2023, respectively. The Company expects none of the 2024 ending reserve to no longer be uncertain and rolled out of the reserve within the next twelve months.Delek recognizes accrued interest and penalties related to unrecognized tax benefits as an adjustment to the current provision for income taxes. We recognized interest expense of $0.2 million, $0.2 million, and $0.1 million related to unrecognized tax benefits during the years ended December 31, 2024, 2023 and 2022, respectively. The total recognized liability for interest was $1.3 million and $1.3 million as of December 31, 2024 and 2023, respectively. Uncertain tax