IRS Issues Notice No. 2021-55 on Extension of Replacement Period for Livestock Sold on Account of Drought
October 08, 2021
October 08, 2021
WASHINGTON, Oct. 8 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following notice (No. 2021-55), which appeared in IRS Internal Revenue Bulletin No. 2021-41 on Oct. 12 2021:
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 Nonreco . . .
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 Nonreco . . .