| Tipoffs for Orangeburg, South Carolina (City) Newsletter for Sunday October 27, 2024 ( 2 items ) |
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IRS Issues Notice No. 2024-70 Entitled 'Extension of Replacement Period for Livestock Sold on Account of Drought'
WASHINGTON, Oct. 21 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following notice (No. 2024-70) in Internal Revenue Bulletin (No. 2024-43):
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SECTION 1. PURPOSE
This notice provides guidance regarding an extension of the replacement period under Sec. 1033(e) of the Internal Revenue Code for livestock sold on account of drought in specified counties.
SECTION 2. BACKGROUND
.01 Nonrecognition of Gain on Involuntary Conversion of Livestock. Section 1033(a) ge
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Public Assistance Available for 31 Counties and the Catawba Indian Nation in South Carolina
WASHINGTON, Oct. 26 -- The U.S. Department of Homeland Security Federal Emergency Management Agency issued the following news release:
Governmental agencies and certain nonprofits (including faith-based organizations) in South Carolina that were affected by Hurricane Helene may be eligible for FEMA Public Assistance. This assistance can help cover costs for debris removal, protective measures, public buildings and equipment, public utilities, and more.
The Public Assistance Program is FEMA's
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