Taxpayers who did not file a tax return in 1998 have until April 15 to get their share of $3.2 billion in unclaimed refunds. The law gives taxpayers three years to claim a refund, meaning that those who did not file a return in 1998 must do so by April 15. About 1.7 million taxpayers are affected. The Internal Revenue Service does not impose any late penalty for a return that qualifies for a refund.
Teltone Corp., a Bothell company that designs and makes telecommunication testing equipment and related voice systems, came close to breaking even last quarter, according to financial results released Wednesday. The firm lost $61,300 on sales of $2.1 million in the quarter that ended Dec. 31. That compares with a loss of $197,000 in the previous quarter and $521,200 in the same quarter of the prior year. Even though the company’s bottom line looked better, sales were down 14 percent from the same quarter a year ago because of the telecommunication industry’s slowdown. Teltone’s stock, which traded at 40 cents a share in March 2001, closed on Wednesday at 12 cents per share – down 40 percent from the previous day.
Walt’s Radiator &Muffler, a Fife-based chain that has 22 retail stores in the Puget Sound area, including several in Snohomish County, filed for bankruptcy protection Wednesday while it attempts to reorganize. The company has 134 employees. CEO Steven Dwinal said the bankruptcy filing will allow the company to restructure its debt and streamline its operations “to adjust to the demands of the market, the escalating costs of operations and the difficulty in providing timely services to customers with our traffic congestion in the Puget Sound region.”
William T. “Wind Tunnel” Hamilton, a Boeing Co. engineer who went from building a dog-carrying box kite to pioneering wing designs and work on a space telescope, is dead at age 84. Hamilton, who directed key tests on U.S. warplanes during World War II, died Feb. 16 after a seven-year battle with Alzheimer’s disease. Hamilton began a lifelong fascination with box kites while growing up in Mount Vernon. He and a friend launched a kite carrying a neighbor’s small dog, then landed it safely, and repeated the feat with a kite carrying a lantern. After earning a bachelor’s degree in engineering from the University of Washington in 1941, he found work at the National Advisory Committee for Aeronautics wind tunnel at Moffett Field, Calif., south of San Francisco. Hamilton tested almost every new military plane that was designed during World War II and worked out the aerodynamic kinks in the P-51, which became the nation’s premier fighter.
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