WASHINGTON, Oct. 7 -- The U.S. Department of the Treasury Internal Revenue Service issued the following news on Oct. 6, 2025: * * * IRS announces leadership change, Jarod Koopman to lead agency's enforcement efforts The Internal Revenue Service today named Jarod Koopman as its Acting Chief Tax Compliance Officer, overseeing IRS employees in its enforcement divisions. In this acting role, Koopman will oversee IRS compliance operations including in LBI, the Small Business/Self Employed divisio  more

WASHINGTON, Oct. 7 -- The Internal Revenue Service issued the following notice (No. 2025-52) on Oct. 6, 2025, entitled "Extension of Replacement Period for Livestock Sold on Account of Drought". * * * 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 Livest  more