Magda Abdo-Gomez, Attorney at Law

January 05

Posted By: Magda Abdo-Gomez
Posted In: Retirement , Tax Laws - Changes
Date: January 5, 2026
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New IRA Accounts for Children

The 2025 tax act established a new deferred tax savings account specifically for children (26 USC 530A) and referred to as a “Trump account”. Under the law the account is to be treated as an individual retirement account. As with all new laws, many questions remain and regulations have yet to be...

November 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes
Date: November 3, 2025
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- 165

New Tax Law Provisions

With 2025 winding down, it is time to start preparing for tax filing season The new tax bill signed in July 2025 contains some provisions which apply to the 2025 tax return. You should be aware of these changes so that you can take advantage of them if they apply to you. No Tax on […]...

October 01

Posted By: Magda Abdo-Gomez
Posted In: Tax Credits , Tax Deductions , Tax Laws - Changes
Date: October 1, 2025
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- 226

Expiring Tax Credits and Deductions

They say all good things must come to an end. While we do not think of taxes as a good thing, tax credits certainly are as they reduce tax liability dollar for dollar. Several tax credits and deductions will be expiring soon. The following information will help you determine if any of these credits ...

February 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes
Date: February 3, 2025
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- 516

IRS Announces Changes for 2025 Filing Season

Last year the IRS announced the creation of a task force to combat scams aimed at defrauding taxpayers. See: https://magdaabdogomezlaw.com/irss-efforts-to-combat-tax-scams/ Two weeks ago the IRS and the task force announced changes for the 2025 tax filing season. The goal of the changes is to help p...

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 […]...

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...

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. ...

January 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes
Date: January 3, 2023
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Tax Law Changes for the 2022 Filing Season

There have been some changes to the tax laws which you need to be aware of as you prepare for the tax filing season. THIRD-PARTY NETWORK TRANSACTIONS Taxpayers who receive money from third party networks, PayPal for example, must report all funds received as income on their return, unless the taxpay...

April 09

Posted By: Magda Abdo-Gomez
Posted In: Tax Deductions , Tax Laws - Changes
Date: April 9, 2021
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- 1472

Changes to Meal Expense Deduction

When the Consolidated Appropriations Act was passed on December 27, 2020 everyone’s focus was on the additional stimulus payment and the extension of many of the credits which had been included in the CARES Act. One provision seems to have gone under the radar, but it affects many who incur expens...