Magda Abdo-Gomez, Attorney at Law

October 02

Posted By: Magda Abdo-Gomez
Posted In: IRS Scam Alerts , Security
Date: October 2, 2026
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Scam Alert Cryptocurrency Owners Beware

The IRS is warning cryptocurrency owners of a scam directed at them. How does the scam work? The taxpayer, a cryptocurrency owner, receives a letter which looks as if it is coming from the IRS. The letter advises the taxpayer that he/she must enroll in a “Digital Asset Compliance Portal” by a ce...

September 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Penalties , Tax Returns
Date: September 3, 2026
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- 136

Reporting Foreign Financial Accounts

The Bank Secrecy Act and its accompanying regulations require US persons to disclose interests in foreign financial accounts. The duty to disclose these accounts begins with the taxpayer’s income tax return which asks whether the taxpayer had, at any time during the year, a financial account locat...

August 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Deductions , Tax Returns
Date: August 3, 2026
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Tax Benefits of Home Ownership

Home ownership can provide tax benefits to: Individuals who own a home which is their principal residence, Individuals who own a vacation home, in addition to their principal residence, and Individuals who own a home which they rent out. This article will focus solely on the tax benefits available t...

July 14

Posted By: Magda Abdo-Gomez
Posted In: Tax Credits , Tax Deductions
Date: July 14, 2026
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Education Credits and Deductions

The cost of a university education continues to rise. There are tax credits and deductions available which may help reduce these costs. A tax credit directly reduces the tax owed. A deduction is a reduction to income which could result in a lower tax. Following is a list of the most common education...

June 01

Posted By: Magda Abdo-Gomez
Posted In: Amending Returns
Date: June 1, 2026
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Amending your tax Return

If you discover an error or omission on your tax return you may have to file an amended return to correct the error. However, in certain circumstances it may not be necessary to file the amendment. The following will provide you additional information regarding amended returns. When should I file an...

May 01

Posted By: Magda Abdo-Gomez
Posted In: Tax Returns - Filing Deadlines
Date: May 1, 2026
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Steps to take if you Missed the April 15 tax Filing Deadline

Things do not always go as planned and it is possible that you did not file your federal income tax return by the April 15 tax filing deadline. The following should help you determine what steps you need to take: If you filed an extension to file your tax return: If you filed an extension […]...

April 01

Posted By: Magda Abdo-Gomez
Posted In: IRS Scam Alerts
Date: April 1, 2026
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- 459

IRS’s Dirty Dozen for 2026

Each year the IRS issues a list of scams it refers to as the Dirty Dozen. The purpose of publishing the list is to warn taxpayers about scams. The IRS continues to see some of the same scams year after year, but it is never a bad idea to be reminded of the threats presented […]...

March 02

Posted By: Magda Abdo-Gomez
Posted In: Tax Returns
Date: March 2, 2026
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Get Ready for Tax Filing Season

While it seems hard to believe, we are but six weeks away from the income tax filing deadline for individuals. Below are some simple steps you can take now to make sure you are ready for filing season. Electronic Banking The President signed an executive order in March 2025 (“Modernizing Payments ...

February 02

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes , Tax Planning
Date: February 2, 2026
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Changes to law for Health Savings Accounts

A health savings account (HSA) allows a taxpayer to pay for medical expenses with tax free dollars. In order to qualify for an HSA a taxpayer must be enrolled in a high-deductible health care plan. You can read more about health savings accounts at: https://magdaabdogomezlaw.com/a-health-savings-acc...

January 05

Posted By: Magda Abdo-Gomez
Posted In: Retirement , Tax Laws - Changes
Date: January 5, 2026
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- 797

New IRA Accounts for Children

The 2025 tax act established a new deferred tax savings account specifically for children (26 USC 530A) and referred to as a “Trump account”. Under the law the account is to be treated as an individual retirement account. As with all new laws, many questions remain and regulations have yet to be...