Magda Abdo-Gomez, Attorney at Law

October 22

Posted By: Magda Abdo-Gomez
Posted In: Dependents , Divorce and Taxes
Date: October 22, 2019
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Tax Issues in a Divorce

Divorce has many legal implications for divorcing spouses. Included in these is the effect a divorce will have on taxes. Although a divorce gives rise to several tax issues I will focus on only two. The first is whether paying or receiving child support affects the divorcing spouses and the second i...

October 01

Posted By: Magda Abdo-Gomez
Posted In: Tax Deductions
Date: October 1, 2019
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- 1619

Claiming a Home Office Deduction

Technology has changed the way people do business. Devices and connectivity allow us to work without actually having to go into the office. Business owners and employees may have the option to work from home. Taxpayers who work from home may be able to claim a home office deduction and reduce their ...

September 03

Posted By: Magda Abdo-Gomez
Posted In: IRS Scam Alerts
Date: September 3, 2019
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- 1536

IRS Warns of Latest Scam

In late August the IRS announced that a new scam had been detected which targeted taxpayers and tax professionals throughout the nation. The latest attempt by scammers to divest you of your money involves unsolicited e-mails. The subject line of the e-mail varies, but will say something like “Auto...

August 04

Posted By: Magda Abdo-Gomez
Posted In: Tax Planning - Natural Disasters
Date: August 4, 2019
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Planning for Natural Disasters

It is that time of the year when we become all too familiar with brewing storms and hurricane tracking models. Let us hope that we are once again spared from a hurricane this season. Although hurricanes provide us with the ability to plan, there are other disasters which can occur without much warni...

July 01

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes , Tax Withholding
Date: July 1, 2019
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- 1681

IRS Releases Draft of new form W-4

An employer is required to withhold federal income tax from an employee’s wages. The employee is responsible for providing IRS Form W-4 to the employer so that the employer will know how much tax to withhold from the employee’s income. Once provided, the Form W-4 is effective until the employee ...

June 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Planning , Tax Returns
Date: June 3, 2019
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- 1649

Tax Considerations when Selling your Home

Whether you are planning for retirement and downsizing, or are in the process of upgrading to a larger home, it is important that you take into consideration the tax effect of selling your home. With proper planning it is possible for you to save taxes upon the sale of your home. Despite the many ch...

May 01

Posted By: Magda Abdo-Gomez
Posted In: IRS Scam Alerts
Date: May 1, 2019
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- 1756

Tips for Protecting Yourself when Making Charitable Contributions

When disaster strikes we tend to come together and open up our wallets to help the victims. Scammers know this well and use it as an opportunity to take advantage of our generosity. The IRS lists fake charities as one of its “Dirty Dozen” tax scams for 2019. By using the promise of a tax [&helli...

April 01

Posted By: Magda Abdo-Gomez
Posted In: Tax Penalties , Tax Returns , Tax Returns - Filing Deadlines
Date: April 1, 2019
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Tax Filing Deadline is Approaching Beware of Penalties

It seems hard to believe that April is here which means that the tax return filing deadline is fast approaching. This year the last date to file your income tax return is April 15, 2019. It is important that you file your return on time since failure to do so will trigger a late filing […]...

March 02

Posted By: Magda Abdo-Gomez
Posted In: IRS Audits , IRS Collection , IRS Scam Alerts , Taxpayer Rights
Date: March 2, 2019
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- 1694

Will the IRS come to my home or Business?

In the past I have warned about scammers who impersonate the IRS. I address this issue again because just a few weeks ago a friend called me saying an individual claiming to be from the IRS walked into the office, without prior notice, demanding income tax returns for the business and the business o...

February 04

Posted By: Magda Abdo-Gomez
Posted In: Tax Penalties , Tax Withholding
Date: February 4, 2019
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- 1887

IRS Waives Estimated Tax Penalty for Certain Taxpayers

The US tax system is pay-as-you-go meaning that taxpayers are required to pay their taxes during the year. Employees satisfy this obligation by having taxes withheld from each paycheck. The self-employed make estimated tax payments four times a year. The law provides for the imposition of an estimat...