228 Main St., Lingle, WY 82223 • Ph: 307-837-2255 • Fax: 307-532-2283
E-EDITION LAST UPDATED:
Current E-Edition

Top Stories Sports Community Obits Records Agriculture Home 

Producers get more time to replace livestock sold due to drought - Wyoming, 42 other states qualify for extension

Posted: Tuesday, Oct 9th, 2012




DENVER Farmers and ranchers who previously were forced to sell livestock due to drought have an extended period of time to replace the livestock and defer tax on any gains from the forced sales, the Internal Revenue Service announced Thursday, Sept. 27.

Farmers and ranchers who, due to drought, sell more livestock than they normally would may defer tax on the extra gains from those sales. To qualify, the livestock generally must be replaced within a four-year period. The IRS is authorized to extend this period.



For the complete article see the 10-09-2012 issue.

Click here to purchase an electronic version of the 10-09-2012 paper.











Select Page:
Within:
Keyword:

Google

Entertainment







 

Copyright 2014 News Media Corporation

News    Classifieds    Shoppe    Search    ContactUs    TalkBack    Subscribe    Information    E-Edition    Business Portal