Magda Abdo-Gomez, Attorney at Law

June 24

Posted By: Magda Abdo-Gomez
Posted In: Amending Returns , IRS Scam Alerts , Retirement , Tax Laws - Changes , Tax Returns - Filing Deadlines
Date: June 24, 2020
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What has been Going on at the IRS During the COVID Pandemic?

Despite being “closed” during the pandemic, the IRS has not been idle. In addition to sending out billions in stimulus payments, processing 2019 returns and issuing refunds, the IRS has been busy issuing guidance and coming up with new procedures. Here is just some of what has been going on. Ame...

April 25

Posted By: Magda Abdo-Gomez
Posted In: Amending Returns , Net Operating Losses
Date: April 25, 2020
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Net Operating Loss Carrybacks Under the CARES Act

Traditionally a business that generated a loss could either carry the loss back two years in order to reduce the income previously reported or carry the loss forward. The 2017 Tax Cuts and Jobs Act amended the net operating loss rules by eliminating the ability to carry back net operating losses; ne...

September 04

Posted By: Magda Abdo-Gomez
Posted In: Amending Returns , Refunds , Tax Returns
Date: September 4, 2018
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Tips for Amending a Tax Return

If you discover an error after filing your tax return you can correct it by filing an amended return with the IRS. A return can be amended to correct income, credits and deductions and in most cases even changing a filing status. If you find you need to amend a return here are some things […]...