IRS Refuses to Allow Romance Ring Bad Debt Deduction
Dallas salesman Jack Wolfson lost in U S Tax Court after seeking a deduction for a three quarter carat engagement ring and ring guard he gave to Yvonne Gibbs of Houston. A Texas court had ordered repayment but Gibbs had no assets, and the court found the debt did not become worthless in 1976, so the IRS was not required to cover the romance.
MENTIONED IN THIS ARTICLE
Washington
Jack
Yvonne
Jack Wolfson
Dallas
Texas
Yvonne Gibbs
Houston
Internal Revenue Service
Wolfson
U.S
IRS
Treasury
Herbert Chabot
Chabot
Ms. Gibbs
Talk nice and you'll raise more pigs says study
Australian scientist Paul Hemsworth told the University of Illinois Pork Industry Conference that pigs respond to kind handling. Across 12 Dutch farms pigs that were petted and spoken to grew faster and showed better reproduction, while rough treatment cut growth by 5 to 6 percent.
MENTIONED IN THIS ARTICLE
Champaign
Til
Paul Hemsworth
Animal Research Institute
Werribee
Australia
Hemsworth
University of Ilinois
Netherlands
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