Alternate Routes due to Hwy 231 Closure

Highway 231 coming up the mountain from Huntsville to Arab is temporarily closed due to damage from flooding. The normal 21 minute drive from the Wavaho Fuel and Food on Highway 231 at Lacey’s Spring at the foot of the…

Update on Income Tax Withholding Rules

The U.S. Department of the Treasury and the Internal Revenue Service today issued proposed regulations updating the federal income tax withholding rules to reflect changes made by the Tax Cuts and Jobs Act (TCJA) and other legislation. In general, the…

Revised 2019 Form 1040 includes Virtual Currency Questions

In 2019, taxpayers who engaged in a transaction involving virtual currency will need to file Schedule 1, Additional Income and Adjustments To Income. The Internal Revenue Code and regulations require taxpayers to maintain records that support the information provided on…

Electronic Filing now available to Charities

The Internal Revenue Service has revised Form 1023 to allow electronic filing for the first time starting later this month. To help charities apply for Section 501(c)(3) tax-exempt status, the IRS has revised Form 1023, Application for Recognition of Exemption…