Magda Abdo-Gomez, Attorney at Law

May 27

Posted By: Magda Abdo-Gomez
Posted In: Tax Penalties
Date: May 27, 2021
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Beware of IRS Penalties

Hard to believe that May is here. Although the deadline for filing the 2020 tax return has been extended to May 17, 2021, it is important that you file your return on time since failure to do so will trigger a late filing penalty. The penalty for late filing a tax return is 5% of […]...

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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- 788

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 […]...

February 04

Posted By: Magda Abdo-Gomez
Posted In: Tax Penalties , Tax Withholding
Date: February 4, 2019
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- 887

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...