IRS says pilot can’t claim his prized WWII plane as a business tax deduction – The veteran U.S. Navy and commercial pilot wasn’t turning a profit and. wasn’t convinced there was a good faith plan’ to make a profit on the plane’s sale. The judge looked at it from many angles.
REAL ESTATE WOES FORCE CONNALLY BANKRUPTCY – Mr. Connally, who is 70 years old, filed the personal bankruptcy petition in the United States Bankruptcy Court in Austin seeking protection from creditors under Chapter 11 of the Federal Bankruptcy.
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