Taxpayers with farms or ranches in certain California counties, cities, or districts that suffered from “exceptional, extreme or severe drought conditions” between September 1, 2015, and August 31, 2016, are being provided tax relief by the Internal Revenue Service in the form of deferred taxes on the gains from forced sales of livestock. Many will have an extra year to replace any livestock held for specific purposes, such a draft or dairy, and sold during the drought outside of their normal sales cycle. For details, including a list of specific designated counties, click here.