IRS continues relief to drought-stricken farmers and ranchers in 44 states, other regions

IRS continues relief to drought-stricken farmers and ranchers in 44 states, other regions

IR-2022-166, September 28, 2022

WASHINGTON — The Internal Revenue Service is reminding farmers and ranchers in applicable regions forced to sell livestock because of drought conditions that they may have more time to replace their livestock and defer tax on any gains from the forced sales.

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