Tuesday, May 01, 2007

crime and punishment

There’s a free-standing, real estate-like sign along Gallows Road near the Dunn Loring Metro that advertises the following


I was passing by on the bus and caught it briefly as we turned into the lot. As you’d expect, I thought to myself “Well, day care without the use of cages is certainly holistic. We can put labels on the kids’ clothing saying that they were raised ‘cage-free’ and ‘organic’.” Not only that, apparently there’s no long-term commitment like other day care centers – a nice, convenient drop-off service in case the little button needs a few days or hours of romping the fields while mom and dad work overtime. It did take me a second to register the Day Boarding bullet as an indicator that it’s probably pets they’re looking to book at the inn. Suddenly I started thinking about X’s legal writing or legal editing professor and I began to think how one would advertise a horrific pet kennel...



As an aside, If you happen to be forced to purchase a like business property after your current business is destroyed, here's what you need to keep in mind. Take your insurance payment and deduct the (book)value of the old business to determine your realized gain. If you don't spend all the insurance money on the new business then you'll compare the realized gain with the monies that you didn't spend on the new business and take the lesser of the two - that's your recognized gain. Remember, your new basis for the business is the value of the old business, plus any additional cash or credit you used to buy the new business, plus any money received, minus any recognized gain. Voila! You can review this information in Section 1033 ofr the U.S. Tax Code.

Such a life.

T.

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