Magda Abdo-Gomez, Attorney at Law

April 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Penalties , Tax Returns - Filing Deadlines
Date: April 3, 2023
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- 185

Tax Filing Deadline is Near Beware of IRS Penalties

It seems hard to believe that April is here. This means that the deadline to file your income tax return is nearing. This year the last date to file your income tax return is April 18, 2023. Failure to file a timely return can subject you to a late filing penalty. WHEN IS THE FAILURE […]...

September 19

Posted By: Magda Abdo-Gomez
Posted In: Tax Penalties
Date: September 19, 2022
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- 207

Act by September 30 to Qualify for Waiver of Certain Penalties

The Internal Revenue Code imposes a penalty for the failure to file returns on a timely basis. In order to avoid the late filing penalty, the taxpayer must prove that the failure to timely file a return was due to reasonable cause. Although it may sound simple, it is actually quite difficult to get ...

May 27

Posted By: Magda Abdo-Gomez
Posted In: Tax Penalties
Date: May 27, 2021
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- 603

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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- 1026

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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- 1171

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...