Word: refundable
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...MAIL. For Los Angeles County residents who still haven't received their federal income tax refund, it's time to get on the phone. Last week the IRS shredded 8,642 uncashed checks worth nearly $5 million because they had been returned as undeliverable. The checks will not be reissued unless the taxpayers call in. Failure to contact the IRS could cost one Beverly Hills resident $229,015 -- the largest shredded refund...
Harvard's decision last month to withdraw $500,000 in indirect cost requests was only a first step. Like the University's decision this winter not to participate in the financial aid overlap group (which is the target of a Justice Department inquiry), the refund was preemptive, designed to shed the appearance of impropriety. Sixteen other universities have similiarly admitted improper billings in order to avoid paying fines...
...grief. Some $15,000 later, the Scientologists discovered that her house was debt free. They arranged a $45,000 mortgage, which they pressured her to tap for more auditing until Baker's children helped their mother snap out of her daze. Last June, Baker demanded a $27,000 refund for unused services, prompting two cult members to show up at her door unannounced with an E-meter to interrogate her. Baker never got the money and, financially strapped, was forced to sell her house in September...
...return showed that the first family, which pays taxes quarterly, was due for a $14,129 refund--of which $10,000 was to be applied to 1991 taxes...
Latest example: Citibank, which last week announced "Citibank Price Protection" for its 30 million MasterCard and Visa holders. The program guarantees that if you buy something with a Citibank card and see the item advertised at a lower price within 60 days, Citibank will refund the difference...