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PARIS, TX -- Authorities say the investigation into the murder of a man led to two arrests early this morning.More >> PARIS, TX -- Authorities say the investigation into the murder of a man led to two arrests early this morning.More >> SHERMAN, TX -- There was a startling sight on a busy roadway this morning, where a rollover accident sent two people to the hospital.
More >> SHERMAN, TX -- There was a startling sight on a busy roadway this morning, where a rollover accident sent two people to the hospital.
More >> SHERMAN, TX -- Bond has been set for a man accused of attacking two people with a knife in a wooded field behind a church. More >> SHERMAN, TX -- Bond has been set for a man accused of attacking two people with a knife in a wooded field behind a church.More >> DENISON, TX -- It was a beautiful day to run for a good cause, and that's just what a lot of people did in Denison.More >> DENISON, TX -- It was a beautiful day to run for a good cause, and that's just what a lot of people did in Denison.More >> CARTER COUNTY, OK -- Troopers say an Ardmore man is in critical condition after being thrown from the motorcycle he was riding this morning.
More >> CARTER COUNTY, OK -- Troopers say an Ardmore man is in critical condition after being thrown from the motorcycle he was riding this morning.
More >> DENISON, TX -- The clock turned back about 50 years in the Denison High School parking lot today.More >> DENISON, TX -- The clock turned back about 50 years in the Denison High School parking lot today.More >> SHERMAN, TX -- The Battle of the Axe usually plays out on the football field, but not today.
More >> SHERMAN, TX -- The Battle of the Axe usually plays out on the football field, but not today.
More >> SHERMAN, TX -- A young girl and her boyfriend are hospitalized after being attacked by a man with a knife. Police say the stabbing happened on a wooded lot that serves as a shortcut through a neighborhood.More >> SHERMAN, TX -- A young girl and her boyfriend are hospitalized after being attacked by a man with a knife. Police say the stabbing happened on a wooded lot that serves as a shortcut through a neighborhood.More >> TEXOMA - Emergency officials say it's been a late starting season for severe weather in Texoma, but that doesn't mean people shouldn't be prepared. Officials say this week's severe weather may have takenMore >> TEXOMA - Emergency officials say it's been a late starting season for severe weather in Texoma, but that doesn't mean people shouldn't be prepared. Officials say this week's severe weather may have takenMore >> SULPHUR, OK-- Excitement is growing in the city of Sulphur as the Chickasaw Nation prepares to officially open the new Artesian hotel more than 50 years after the original burned to the ground. From movieMore >> SULPHUR, OK-- Excitement is growing in the city of Sulphur as the Chickasaw Nation prepares to officially open the new Artesian hotel more than 50 years after the original burned to the ground. From movieMore >>
OKLAHOMA CITY (AP) - Ranchers who sold livestock in 2012 because of drought may qualify for a delay in paying some taxes.
Nathan Kemper of the Southern Risk Management Education Center says some ranchers sold because of water shortages, poor grazing, or other drought-related conditions. He says ranchers must meet three conditions to qualify for delayed tax payments. They must use the cash method of accounting; show they would not have sold except due to drought; and the drought must have resulted in the area being eligible for federal assistance.
Ranchers who qualify may postpone reporting taxable gains - or may postpone and avoid taxes on the sale of breeding, draft or dairy animals if the animals are replaced within a specific time frame.
Ranchers are encouraged to discuss options with a tax professional
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