Charles Rettig Confirmed as New IRS Commissioner
Charles P. "Chuck" Rettig was confirmed as the new IRS
Commissioner on September 12. The Senate confirmed the nomination
by a 64-to-33 vote. Rettig received both Democratic and Republican
su...
Reaction: Proposed IRS Regs Would Curb SALT Cap Workarounds
New IRS guidance aiming to curb certain state and local tax (SALT)
deduction cap "workarounds" is the latest "hot
topic" tax debate on Capitol Hill. The IRS released proposed
amend...
IRS Proposes to Remove Section 385 Documentation Regulations
The IRS has proposed to remove the Code Sec.
385 documentation regulations provided in Reg. §1.385-2.
Although the proposed removal of the documentation rules will apply
as of the ...
Wolters Kluwer Projects 2019 Inflation Amounts
Wolters Kluwer has projected annual inflation-adjusted amounts for
tax year 2019. The projected amounts include 2019 tax brackets, the
standard deduction, and alternative minimum tax amounts, among
ot...
Inflation adjustments may generate tax savings in 2012
The IRS recently announced that inflation is increasing many dollar
amounts in the Tax Code for 2012. For taxpayers, the
inflation adjustments may help reduce their overall tax liability
in 2012...
Year-end charitable giving can benefit your tax bottom-line
Charitable contributions traditionally peak at the end of the
year-end. While tax savings may not be your prime motivator for
making a gift to charity, your donation could help your tax
bottom-line fo...
How do I? Avoid pitfalls within a flexible spending account?
Under a flexible spending arrangement (FSA), an amount is credited
to an account that is used to reimburse an employee, generally, for
health care or dependent care expenses. The employer must
maintai...
FAQs: When can I deduct job-hunting expenses?
Job-hunting expenses are generally deductible as long as you are
not searching for a job in a new field. This tax benefit can be
particularly useful in a tough job market. It does not matter
whether y...
2011 year-end tax planning for individuals in a changing landscape
2011 year end tax planning for individuals lacks some of the drama
of recent years but can be no less rewarding. Last year,
individual taxpayers were facing looming tax increases as the
calendar...
Committed to Helping You Achieve the Highest Return on Your Investment
Welcome and thank you for visiting the Barbara Y. Gibbs & Associates, Inc. website. In addition to providing you with a profile of our firm and the services we provide, this website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.
As a BYGA client, your business becomes our business. Our goal is to assist our clients in transforming their assets into secure financial futures. Whether is be for accounting, asset management or tax reporting, we are there to provide you with the solutions you need for building your business and personal futures.
As you browse through our website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors (in our Internet Links section).
