Magda Abdo-Gomez, Attorney at Law

March 31

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes
Date: March 31, 2020
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Update on Stimulus Payment

The IRS announced last night that stimulus payment distribution will begin in the next three weeks. The checks will be distributed automatically. Those who are not generally required to file returns, such as social security recipients and low-income taxpayers, will need to file a return in order to ...

March 30

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes , Tax Returns - Filing Deadlines
Date: March 30, 2020
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Impact of Recent Legislation on your Taxes

I must start by hoping that as you read this, you and your loved ones are in good health and remain in good spirits during what has been a very difficult time for all of us here at home, throughout our country, and the world. Over the course of the last two weeks Congress has […]...

March 02

Posted By: Magda Abdo-Gomez
Posted In: Tax Returns
Date: March 2, 2020
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Errors to Avoid when Filing your tax Return

The best way to avoid errors on your tax return is to file your return electronically instead of filing a paper return. An electronically filed return is less likely to have math errors or missing information as the tax preparation software does the math, flags common errors and prompts a user to en...

February 03

Posted By: Magda Abdo-Gomez
Posted In: Retirement , Tax Laws - Changes , Tax Planning
Date: February 3, 2020
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New Tax Law May Affect Your Retirement

On December 20, 2019 the SECURE Act became law. The goal of the new law is to encourage more Americans to begin saving for retirement or to boost already established retirement plans. What does this new tax law mean for you? IRA CONTRIBUTIONS Starting in 2020 individuals may contribute to a traditio...

January 06

Posted By: Magda Abdo-Gomez
Posted In: Tax Planning , Tax Returns
Date: January 6, 2020
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Tips for Tax Season

Welcome to 2020! While it may seem as if April 15 is a long way off, now is the time to start preparing for tax season. Below are some helpful tips which may help filing your tax return less stressful. Gather your records. You should develop a recordkeeping system that keeps all your important infor...

December 02

Posted By: Magda Abdo-Gomez
Posted In: Year End Tax Planning
Date: December 2, 2019
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End of Year Tax Planning

It does not seem that long ago we were ringing in the new year and yet here we are facing the end of another year. This means that April 15, 2020 will be here before you know it. There is still time to plan for tax season, but time is quickly running out. Here are […]...

November 01

Posted By: Magda Abdo-Gomez
Posted In: IRS Scam Alerts
Date: November 1, 2019
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Scam Alert Regarding IRS Liens

As the public has become more aware that phone calls demanding payment of delinquent taxes are a fraudulent scheme, the scammers had to change their game plan. Although it has been used in the past, the IRS has found a resurgence in the scam involving IRS tax liens. In this scam the taxpayer will re...

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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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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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...