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First Day of Spring Brings Cool Weather to Arab, Alabama
Thursday, March 20, 2025 marks the official first day of spring, known as the vernal equinox, when day and night are roughly equal in length. In Arab, Alabama, residents woke up to crisp temperatures signaling that winter’s chill hasn’t fully released its hold quite yet. With a predicted high of just 46 degrees Fahrenheit, today…
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A Lot of Excitement this Week
The Ides of March: A Day of Betrayal and History The Ides of March, falling on March 15, is most famously remembered as the day Julius Caesar was assassinated in 44 BCE. The term “Ides” comes from the Roman calendar, marking the middle of the month, often falling on the 13th or 15th depending on…
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Spring Forward
Today is the 2nd Sunday in March Daylight Saving Time (DST) is the practice of setting clocks forward by one hour in the spring and back by one hour in the fall to make better use of natural daylight. Originally proposed by Benjamin Franklin and later adopted by several countries during World War I to…
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What If March Comes in Like a Lamb?
Does that mean it will go out like a Lion? Well, that may be the case with the weather, however, if we are talking about our workload, March is definitely coming in like a Lion and we expect it to go out like a Lion as well. We have prepared 889 tax returns by the…
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My Sunday Morning Blog Post
What a Week! Thursday morning began with snowfall here in Arab, Alabama, which is a rarity. The roads were clear and everyone exercised caution. We started off the week with a high temperature of 49° and each day thereafter the temperature decreased, reaching only 23° as the high on Thursday. We even saw some light…
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New Deadline of March 21, 2025
For BOI Filings with FinCen Corporate Transparency Act Reporting Requirements Back in Effect with Extended Reporting Deadline; FinCEN Announces Intention to Revise Reporting Rule Following the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336, the…
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Tax News
As of February 2025, several significant tax law changes are under consideration or have been implemented across various jurisdictions: United States International Developments These developments reflect ongoing debates and legislative efforts aimed at overhauling tax systems to address economic disparities, revenue needs, and social equity concerns.
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Installment Sale Income
IRS Form 6252 Purpose: IRS Form 6252 is used to report income from an installment sale using the installment method. An installment sale occurs when you sell property and receive at least one payment after the tax year in which the sale took place. This form helps taxpayers determine the taxable portion of each payment…
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Office Open on Presidents Day
Tax Filing Season in Full Swing The 2025 income tax filing season is officially underway, running from February 1st to April 15th. As we assist clients with their returns, we want to remind everyone of our extended office hours during this busy period: We are making steady progress, having already completed 439 of the 2,100…
