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To: Sarkie who wrote (16082)	7/12/2002 5:13:52 PM
From: marcos	Respond to of 32907

Me too .... always i have identified far more with Tarzan <bawk> ... betcha that's a refund they expect to get back on payroll tax, of which their accountants [ahem] are telling them they paid too much in a previous period ..... ?

To: Sarkie who wrote (16082)	7/12/2002 6:03:10 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 32907

Sarkie, Direct from the horse's mouth, so to speak... Payroll Tax Receivable. As of March 31, 2001, our balance sheet had $13.2 million recorded as a tax receivable due from the Federal government. In October 2000, one of our executives exercised non-qualified stock options and remitted $12.6 million for federal income tax based on the market price of the stock on the day of exercises and we remitted the employer payroll tax of $620,000. Due to the affiliate lock-up period from the Go2Net merger, the executive did not have the ability to sell the stock until February 2001. A tax ruling states, however, that the tax valuation and remittance is not required until the affiliate has the ability to sell the stock. We, therefore, refunded the executive the payroll tax remitted and filed an amendment to our payroll tax return to reflect the tax credit. I found this in the Management Discussion area of one of INSP's earlier filings (sometime in 2001, I think)... KJC