Thursday, July 31, 2008

Tax Class

Here's yet another post I've been meaning to make for an eternity, but am just now getting around to doing! :)

In my tax textbook, (I told you it was old!!) Prentice Hall's Federal Taxation 2008 for Individuals, it has a paragraph on the bottom of page 13-7 that reads:

Step 3: If a net Sec. 1231 gain is the result of Step 2, determine if the taxpayer has any nonrecaptured net Sec. 1231 losses. Nonrecaptured net Sec. 1231 losses are the excess of aggregate net Sec. 1231 losses for the preceding five years over losses previously recaptured as ordinary income due to the recapture provision of Sec. 1231. Net Sec. 1231 gains to the extent of any nonrecaptured net Sec. 1231 losses are treated as ordinary income. Sec. 1231 gain that is unrecaptured Sec. 1250 gain is first treated as ordinary income to the extent of nonrecaptured net Sec. 1231 losses. Any net Sec. 1231 gain in excess of nonrecaptured net Sec. 1231 loss is treated as a LTCG.

And now you know why I had a semester-long headache!

Hope you're week is going well!

Saturday, July 26, 2008

It's amazing what people can find....

when Google leads them to me!

I have a site meter on this here blog, and one of my favorite Saturday morning pass times is to look through the "referral pages" to see how people got to my blog. One of my other favorite Saturday morning pass times is eating the delicious breakfast my husband made! But, that's neither here nor there.

Since I haven't blogged in MONTHS, the majority of those referrals come from people who have googled in hopes of finding something useful.

For instance, one person googled "Christmas Trees 2007" and saw this! I'm sure that person has added my family to their prayer list.

Others have googled "tile floor" and have been greeted with a tile floor picture I posted for you all as an example of what I was wanting. This is kind of funny to me, because I got that picture through a Google image search, and it's humorous to think that now I've stolen the traffic that someone else used to be getting.

Then there are things I find that really hit home. Like, this post about 1 Corinthians 15. It's such an encouragement to my heart.

I hope you all are encouraged this Saturday morning with whatever it is you're up to!

I'm off to clean my disorderly house, but before I do: does anyone else find it funny that we can now use the word "google" as a verb and no one thinks anything of it?! :)