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ARDMORE, OK-- With summer quickly approaching, Texoma pools will be opening their doors soon, but the Consumer Product Safety Commission has a warning for parents. Jenny Kassheimer is a mother of 4-year-oldMore >> ARDMORE, OK-- With summer quickly approaching, Texoma pools will be opening their doors soon, but the Consumer Product Safety Commission has a warning for parents. Jenny Kassheimer is a mother of 4-year-oldMore >> DURANT -- Other than a recent visit, Amber Hart has no ties to Moore, Oklahoma. Still, she says watching the destruction from this week's tornados on television compelled her to help. "I woke up andMore >> DURANT -- Other than a recent visit, Amber Hart has no ties to Moore, Oklahoma. Still, she says watching the destruction from this week's tornados on television compelled her to help. "I woke up andMore >> DENISON, TX -- Since 1990 there has been two Boys and Girls Clubs in Denison with similar goals.Graham Skipsey, the Divisional Director of Boys and Girls Clubs from Dallas, TX says, "Boys and girls clubMore >> DENISON, TX -- Since 1990 there has been two Boys and Girls Clubs in Denison with similar goals. Thursday they became one group.More >> Red Cross Needs: DiapersHand sanitizerWet wipesSoapSunscreenDeodorantWork glovesTooth brush, tooth pasteBaby formulaBottled water and or GatoradeSnack packs Donation Drop Off Locations: Carter County,More >> We're keeping a running list of places you can go across southern Oklahoma and north Texas to donate items to the relief efforts from the recent devastating central Oklahoma tornado.
More >> Looking for an easy and inexpensive way to do a quick weekend room makeover? Brenda Hantsche has a few ideas in this week's Crafty Creations. PAINTING 101!! It's spring cleaning & updating time! Nothing'sMore >> Looking for an easy and inexpensive way to do a quick weekend room makeover? Brenda Hantsche has a few ideas in this week's Crafty Creations. PAINTING 101!! It's spring cleaning & updating time! Nothing'sMore >> Three Valley Museum, The Durant Area Chamber of Commerce and Durant Main Street Program will celebrate the place in time when literally thousands of love birds flocked to Durant to be married on June 8,More >> Three Valley Museum, The Durant Area Chamber of Commerce and Durant Main Street Program will celebrate the place in time when literally thousands of love birds flocked to Durant to be married on June 8,More >> With more than 33,000 people impacted by the tornados in Oklahoma this week, assistance and donations are pouring in. That's a good thing, but did you know, there are certain stages of assistance thatMore >> With more than 33,000 people impacted by the tornados in Oklahoma this week, assistance and donations are pouring in. That's a good thing, but did you know, there are certain stages of assistance thatMore >> ARDMORE, OK-- An Ardmore woman died after being found unconscious in a health center's pool, Wednesday afternoon. It happened just after 4 o'clock at the Chickasaw Nation Wellness Center inMore >> ARDMORE, OK-- An Ardmore woman died after being found unconscious in a health center's pool, Wednesday afternoon. It happened just after 4 o'clock at the Chickasaw Nation Wellness Center inMore >> ARDMORE, OK-- Dozens of Texomans are coming together to raise donations for those affected by the deadly twister that ripped through Moore Oklahoma. Stacey Sisemore Recently moved to Ardmore this yearMore >> ARDMORE, OK-- Dozens of Texomans are coming together to raise donations for those affected by the deadly twister that ripped through Moore Oklahoma. Stacey Sisemore Recently moved to Ardmore this yearMore >> The Durant Area Chamber of Commerce and the Choctaw Casino Resort are excited to announce the dates for the 17th Annual Magnolia Festival of Oklahoma. Family fun begins at the 2013 Magnolia Festival,More >> The Durant Area Chamber of Commerce and the Choctaw Casino Resort are excited to announce the dates for the 17th Annual Magnolia Festival of Oklahoma. Family fun begins at the 2013 Magnolia Festival,More >>
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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