BNET Business Dictionary
Business Definition for: Refund
- the reimbursement of the purchase price of a good or service, for reasons such as manufacturing flaws or dissatisfaction with the service provided
Wiktionary Definition for: Refund
- #To return (money) to (someone).
- Ex:''If you find this computer for sale anywhere at a lower price, we'll refund you the difference.''
- #An amount of money returned.
- Ex:''If the camera is faulty, you can return it to the store where you bought it for a refund.''
Additional Resources
- No Prop. 103 refund for big Calif. co.
- No Prop. 103 Refund For Big Calif. Co. A leading California insurer is not required to refund any premiums under Prop. 103 and a second insurer must refund only $17.5 million, according to an administrative law judge. Former Insurance CommissionerNo Prop. 103...
- Research articles 1991-02-04
- Waiting too long to mail in a refund claim can be a costly error.
- Waiting too long to mail in a refund claim can be a costly error. A couple was due a refund, but they held off mailing their return to IRS until two days before the end of the three-year period to claim a refund. The return was received...
- Research articles 2000-09-15
- Apple?s iPhone App Refund Policies Unfair to Developers
- TechCrunch submits: By Leena Rao We reported Wednesday about Apple’s AAPL alleged delay in payments to iPhone app developers, but there is more alarming news from iPhone developers about Apple’s refund policies. Apparently, if iPhone users decide that they want a refund for an...
- External links 2009-03-26
- H&R Block Sued Over 'Rapid Refund' Loan.(Originated from Austin American-Statesman, Texas)
- Feb. 14--H&R Block's refund anticipation loans, also known as "rapid refund," is costing Texas taxpayers millions of dollars each year in unnecessary fees, a Kingsville couple has alleged in a lawsuit. Feb. 14--H&R Block's refund anticipation loans, also known as...
- Research articles 1997-02-14
- IRS treatment of protective refund claims.
- The concept of a "protective claim for refund" is well-established, even though the term does not appear in the Code or regulations. Protective claims are commonly filed when a taxpayer's right to a refund is contingent on future events (su The concept of a "protective claim...
- Research articles 2006-07-01
- H&R Block Program Helps Taxpayers Buy More with Refund.(Knight Ridder/Tribune Business News)
- Jan. 17--CARD HELPS TAXPAYERS BUY MORE WITH REFUND: Get a tax refund, get a fatter rebate on a new GM car? Jan. 17--CARD HELPS TAXPAYERS BUY MORE WITH REFUND: Get a tax refund, get a fatter rebate on a new GM car?
- Research articles 2000-01-17
- U.S. Bankruptcy Court determines tax refund to be a joint asset
- How should a joint income tax refund be distributed where one spouse has filed for bankruptcy and the other has not? Is the bankruptcy estate entitled to one half of the refund or is the refund proportionate to the income earned by each spouse? Judge Carl L....
- Research articles 2004-03-08
- Tax Refund Loans Will Cost You, Consumer Group Warns.
- By Diana McCabe, The Orange County Register, Calif. Knight Ridder/Tribune Business News Mar. 2--Of course, you don't want to wait for Uncle Sam to send your tax refund. You want the money right now. But if you sign up for one...
- Research articles 2003-03-02
- Tax refund checks totaling $322,000 go undelivered in Idaho.
- The Times-News, Twin Falls, Idaho Knight Ridder/Tribune Business News Nov. 16--TWIN FALLS, Idaho -- The Internal Revenue Service is looking for 410 Idaho taxpayers -- including more than 70 in Magic Valley -- whose income tax refund checks were returned from the...
- Research articles 2004-11-16
- Tax Filers Should Read Fine Print before Signing Up for Refund Loan.(Knight Ridder/Tribune Business News)
- Feb. 6--Receiving your tax refund in days instead of weeks sounds appealing -- especially when the nation's top two tax-preparation firms are lowering the fees they charge for this service. But read the fine print before signing up for one of these often-criticized refund anticipation loans....
- Research articles 2000-02-07
- SOL on individuals' refund claims.(statute of limitation)
- Taxpayers lose millions of dollars annually because they do not file returns timely. Generally, taxpayers must file a claim for a credit or refund within three years from the date they filed their original return or two years from the date they paid the tax, whichever is...
- Research articles 2004-10-01
- IRS outlines Bermuda tax refund procedures
- IRS Outlines Bermuda Tax Refund Procedures Under the Bermuda Tax Treaty, federal excise taxes due for premiums paid to certain Bermuda insurance companies were subject to refund. This provision was retroactive to January 1, 1986, and effective until December 31, 1989. On March 20, 1989, the Internal Revenue Service...
- Research articles 1989-05-01
- Tax-refund phishing scams hit an all-time high
- The number of scam emails offering fake tax refunds hit an all-time high last month. According to HM Revenue & Customs, a record 83,000 such phishing attempts were reported in September. The phishing deluge has continued into October, with taxpayers alerting HMRC to 10,000 scam attempts in a single day...
- News items 2009-10-16
- Pacific Capital Bancorp Provides Update on Performance of 2007 Refund Anticipation Loan and Refund Transfer Programs
- SANTA BARBARA, Calif. -- Pacific Capital Bancorp (Nasdaq: PCBC) today announced updated results for the 2007 Refund Anticipation Loan RAL and Refund Transfer RT programs. In the third quarter of 2007, the Company will record a provision for credit losses in the amount of $22.4 million to reflect increased losses...
- Research articles 2007-10-29
- Electric slide: sign up for electric filing, and you could get a tax-penalty refund
- The IRS doesn't often refund penalties, but if you're ready to take the plunge into electronic tax filing, you could be eligible for an employment tax-penalty refund under a new IRS program. To encourage greater use of the Electronic Federal Tax Payment System EFTPS, the IRS will provide an automatic...
- Research articles 2004-11-01
- NSTAR Negotiates $116 Million Refund for Customers
- BOSTON -- Thanks to the efforts of NSTAR (NYSE:NST), the Massachusetts Attorney General's office and other consumer advocates, NSTAR Electric customers will soon receive a refund on their bills. The group successfully negotiated with the owners of the Mystic Power Plant in Everett to refund reliability payments to customers. As...
- Research articles 2007-02-06
- Why Kroger Will Get Your Tax Refund (and Sears Won't)
- Plenty of retailers have focused their ads on the expected wave of economic stimulus checks. Sears and Kroger have taken things a step further, giving shoppers an extra 10 percent cash if they trade their whole check for a Kroger, Sears, or Kmart gift card. Now Kroger, the biggest supermarketer...
- Blog posts 2008-04-17
- Factory owners sued over tax refund
- Byline: Joe Mosley The Register-Guard The Internal Revenue Service has gone to court in an attempt to recover a $1.2 million tax refund from Brent and Lori Lanz of Eugene, owners of a local cabinet factory. A lawsuit filed in U.S. District Court in Eugene...
- Research articles 2004-07-28
- Track Down Your Tax Refund.
- Byline:Kimberly Lankford, Kiplinger Washington Editors I filed my taxes just before the deadline in April. When should I receive my refund? If your tax return and mailing address are accurate, you should receive your refund within six weeks...
- Research articles 2004-05-21
- Some forget phone tax refund
- If you're getting ready to file your taxes, or are paying someone else to prepare them for you, tax pros have some urgent advice: Make sure you don't leave your phone tax refund on the table. The IRS says 10 million taxpayers -- 30% of those...
- Research articles 2007-02-26
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