Magda Abdo-Gomez, Attorney at Law

February 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Returns
Date: February 3, 2024
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Choosing a Reputable Tax Preparer

Tax season is officially here. The IRS began accepting tax returns on January 29 and employers and other payors were required to provide income information by January 31. If you do not have a tax return preparer, and do not want to prepare your own return, now is the time to select a tax preparer. [...

January 02

Posted By: Magda Abdo-Gomez
Posted In: Tax Penalties
Date: January 2, 2024
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IRS Penalty Relief Program but back to Business as Usual

Taxpayers who owe the IRS automatically receive notices regarding the outstanding taxes. However, due to the effects of the pandemic, in February 2022, the IRS suspended the mailing of these automated reminders to taxpayers to pay the delinquent taxes owed for 2020 and 2021. Although the notices wer...

December 01

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes , Tax Planning
Date: December 1, 2023
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Twelve News Items from the IRS

It seems like just yesterday we were celebrating the new year and here we are nearing the end of 2023. Whether it has been a good year for you or not, we still have much to be thankful for, and hopefully the upcoming holidays will give us many reasons to celebrate. In keeping with the […]...

November 01

Posted By: Magda Abdo-Gomez
Posted In: IRS News
Date: November 1, 2023
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What has the IRS been up to?

The IRS has been very busy over the past few weeks. The IRS has announced new programs to address tax abuse and plans to adopt new technology. The following is a summary of some of the things we can expect from the IRS. TAX RETURN FILING PILOT PROGRAM The IRS announced a pilot program which [&hellip...

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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- 400

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. ...