Mo. reissues lost $1M check for tax refund

Monday, March 26, 2012

JEFFERSON CITY, Mo. (AP) — The Missouri treasurer’s office has reissued a $1 million tax refund check that was never cashed.

Treasurer Clint Zweifel (ZWY’-ful) says the refund was destined for a company doing business in Missouri. But the original check was lost because the company’s address had changed.

Zweifel’s office says it’s barred by law from naming the company.

Checks issued by state government become void if they are not cashed within one year. Zweifel says more than 600 expired checks worth more than $2 million have been replaced in the current budget year.

State checks that are not reissued or cashed within three years become unclaimed property. The funds never revert to state government.

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billbrasky 1 year, 1 month ago

Tisk Tisk...

Anyone savvy with numbers clearly understands 1m actually represents 1,000.

JCLifer 1 year, 1 month ago

You are talking to Jefferson City PS grads here. We didn't have that fancy Mathematics instruction until the mid '90s.

online_editor 1 year, 1 month ago

M is used as a Roman numeral to represent 1,000, but if this were a Roman numeral, you wouldn't see a Hindu-Arabic numeral such as 1 paired with it. Thus, we felt the context implies M is an English abbreviation for million.

asb 1 year, 1 month ago

That would be American English, the Brits won't touch the word million. And, sorry Bill I couldn't resist, tisk, tisk is part of a song lyric; tsk, tsk would be more appropriate for calling one on the m

billbrasky 1 year, 1 month ago

I never mentioned roman numerals...

On day one of Accounting 101 you learn that (assets = liabilities + Stockholders equity)

and that 1m equals $1,000 vs 1mm equals $1,000,000

This being an article related to accounting / finance I figured you could have it right. Hopefully those in the Capital understand the difference.

online_editor 1 year, 1 month ago

Is it always a lower case m?

online_editor 1 year, 1 month ago

Fascinating. I did not know this until now. According to the Cambridge dictionary online, million is 1,000,000 in British English, same as American. It's billion and up where American and British definitions diverge. In America, a billion is 1,000,000,000 (a thousand million). Under the "old fashioned" British definition, a billion is 1,000,000,000,000 (a million million).