Thursday - November 21, 2024
News Tipoffs - Wyoming Editors Newsletter for Sunday October 27, 2024 ( 2 items )  

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): * * * 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  more

N.Y. State Comptroller Audit: Alden Central School District - Fuel Management
ALBANY, New York, Oct. 26 -- The office of the New York State Comptroller issued the following audit report (No. 2024M-90) on Oct. 25, 2024, entitled "Alden Central School District - Fuel Management." Here are excerpts: * * * Audit Objective Determine whether Alden Central School District (District) officials properly managed fuel operations. * * * Key Findings District officials did not properly manage fuel operations. Specifically, the Superintendent of Schools (Superintendent) and B  more