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To: Sarkie who wrote (16089)7/12/2002 6:23:15 PM
From: EL KABONG!!!  Respond to of 32912
 
Sarkie,

I wonder why they aren't pursuing the refund more vigorously. If it is still on the books that is more than sufficient time for the IRS to issue a refund.

An educated guess would be that all of the refund, or some portion thereof, is in dispute with the Feds. But that is just a guess. It could also be that the executive in question hasn't yet taken some action (perhaps actually realizing gains/losses), and until that action is taken, INSP carries the credit on their books. But gain, I'm just guessing. It most certainly isn't to the advantage of INSP to have this credit, because they surely would like the cash back to be able to invest it elsewhere (yet another guess on my part <g>).

KJC