Further nuances of the tax code:
- You can trade a bull for a stallion without paying tax, but not a cow for a bull.
- You can trade a computer for a printer without paying tax, but not a truck for a hatchback.
- You can get a deduction if your husband accidentally flushes your diamond ring down the toilet, but not if your house gets washed away by a torrential downpour that isn't a "hurricane".
- Truck-pulling is an income-generating activity, but mud-racing is not.
It may not come through in the above, but I'm on B- territory right now and I don't see any sign of that changing...
That said, I got some Foley love in the mail yesterday. Too bad it was in the form of barely-baked, butter-icing holiday cookies -- but I'll leave them at the altar of Roommate and hopefully I'll still get karma for that.
I also interviewed w/ ABC's Law and Justice Unit yesterday, which seems like a much more fun place to work than all law firms that are not Foley. Hopefully they like me. It'd be a much easier 3 or 4 credits than Environmental Law has been, the soul-sucking demon it is.
- You can trade a bull for a stallion without paying tax, but not a cow for a bull.
- You can trade a computer for a printer without paying tax, but not a truck for a hatchback.
- You can get a deduction if your husband accidentally flushes your diamond ring down the toilet, but not if your house gets washed away by a torrential downpour that isn't a "hurricane".
- Truck-pulling is an income-generating activity, but mud-racing is not.
It may not come through in the above, but I'm on B- territory right now and I don't see any sign of that changing...
That said, I got some Foley love in the mail yesterday. Too bad it was in the form of barely-baked, butter-icing holiday cookies -- but I'll leave them at the altar of Roommate and hopefully I'll still get karma for that.
I also interviewed w/ ABC's Law and Justice Unit yesterday, which seems like a much more fun place to work than all law firms that are not Foley. Hopefully they like me. It'd be a much easier 3 or 4 credits than Environmental Law has been, the soul-sucking demon it is.
I disagree with your analysis of the tax consequences in the case of the house being washed away in a torrential downpour. I mean, how SUDDEN was this downpour? I think the issue of whether it is a hurricane or a downpour is more determinative for insurance issues. section 165 does say losses of property that arise from...storm" and I think that torrential downpour could count as storm, but I guess we need more facts.
Posted by
Anonymous |
9:08 PM
ABC's Law and Justice Unit?
Is that a new television series?
Hot!
Posted by
Anonymous |
2:16 AM
To IRS Commissioner: you just want more money for the government!
To Ken: the Unit is actually the research wing for ABC News and other network news magazine programs (e.g. Nightline, 20/20, etc.) Not a new show.
Posted by
Daphne |
9:10 AM