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

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