Tag: livestock_replacement_period

IRS Extends Drought Tax Relief for Farmers and Ranchers in 49 States

15 Sep 2026 3:51 p.m.

IRS Notice 2026-54 extends livestock replacement deadlines for drought-hit farmers and ranchers across 49 states, letting them defer tax on forced sales of breeding, dairy and draft animals.

Politics and Government Business Agriculture Federal Government Economy Environment Legal IRS drought tax relief farmers and ranchers livestock replacement period Notice 2026-54 Frank J. Bisignano capital gains deferral
IRS Extends Drought Tax Relief for Farmers and Ranchers in 49 States

15 Sep 2026 3:50 p.m.

IRS Notice 2026-54 extends the livestock replacement period for farmers and ranchers in 49 states and other regions hit by drought, letting them defer tax on forced sales.

Politics and Government Business Agriculture Federal Government Economy Environment Legal IRS drought tax relief farmers and ranchers livestock replacement period Notice 2026-54 Frank J. Bisignano capital gains deferral