Magda Abdo-Gomez, Attorney at Law

October 02

Posted By: Magda Abdo-Gomez
Posted In: Businesses , Tax Laws - Changes
Date: October 2, 2023
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New Filing Requirements for Many Businesses

In Florida, the formation of a business as a corporation or limited liability company is a matter of public record. However, while the public record contains information about the registered agent, officers/directors and manager/members, no disclosure is required regarding the ownership of the entit...

September 01

Posted By: Magda Abdo-Gomez
Posted In: IRS Collection , Tax Laws - Changes
Date: September 1, 2023
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Will the IRS show up at my door unannounced?

Scammers impersonating the IRS use mail, phone, and electronic means to take advantage of taxpayers. Some scammers have been brave enough to appear at a taxpayer’s home or place of business in person. The unscheduled appearance at the taxpayer’s home or office by someone claiming to be a col...

August 01

Posted By: Magda Abdo-Gomez
Posted In: IRS Scam Alerts
Date: August 1, 2023
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IRS Warns of Numerous Scams

Scam artists and identity thieves never rest. The IRS has issued a warning regarding a marked and notable increase in schemes targeting unsuspecting taxpayers. Although some of the schemes have been around for a while, others are new. Here is what you need to know about each scheme: The Delivery Ser...

July 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Credits
Date: July 3, 2023
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Home Energy Credits

The Inflation Reduction Act of 2022 expanded the amount of available energy credits and the type of expenses that qualify for the credits. The two credits available are the Energy Efficient Home Improvement Credit and the Residential Clean Energy Credit. The following information will help you deter...

June 02

Posted By: Magda Abdo-Gomez
Posted In: IRS Scam Alerts
Date: June 2, 2023
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IRS’s Dirty Dozen for 2023

Each year the IRS issues a list of scams it refers to as the Dirty Dozen. The purpose of publishing the list is to alert taxpayers to schemes that may cause them not only financial harm, but which may also result in identify theft. This year’s list includes scams for which alerts have been previou...

May 25

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes
Date: May 25, 2023
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Taxation of Nonfungible Tokens (NFT)

The Internal Revenue Service has issued a notice that it intends to issue guidance regarding the tax treatment of certain nonfungible tokens (NFT) as collectible assets. To understand what this means, one must understand capital gains, collectibles and how the sale of these assets are taxed. ...

April 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Penalties , Tax Returns - Filing Deadlines
Date: April 3, 2023
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Tax Filing Deadline is Near Beware of IRS Penalties

It seems hard to believe that April is here. This means that the deadline to file your income tax return is nearing. This year the last date to file your income tax return is April 18, 2023. Failure to file a timely return can subject you to a late filing penalty. WHEN IS THE FAILURE […]...

March 03

Posted By: Magda Abdo-Gomez
Posted In: IRS Scam Alerts
Date: March 3, 2023
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IRS Issues Alert on Newly Detected Scams

The Internal Revenue Service issued a consumer alert today warning taxpayers of new scams. In one scheme, circulating on social media, taxpayers are encouraged to use tax software to manually fill out Form W-2 and make up large income and withholding amounts along with the employer the income is com...

March 01

Posted By: Magda Abdo-Gomez
Posted In: Tax Credits
Date: March 1, 2023
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Understanding the Saver’s Credit

The Saver’s Credit is an incentive for low and moderate income taxpayers to contribute to a retirement plan by providing a tax credit of up to $2,000. Taxpayers who qualify for the credit have until April 18, 2023 to earn the credit by making contributions to an IRA or Roth IRA. The saver’s cred...

February 02

Posted By: Magda Abdo-Gomez
Posted In: Tax Records
Date: February 2, 2023
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Tax Planning Includes Good Recordkeeping

An important part of tax planning is recordkeeping. Although we seem to focus on documents/records at tax time, good records should be maintained throughout the year. A good recordkeeping system can make it easier when it comes to filing a tax return, but it also helps you address any communication ...