Magda Abdo-Gomez, Attorney at Law

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...

June 03

Posted By: Magda Abdo-Gomez
Posted In: Tax Planning , Tax Returns
Date: June 3, 2019
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Tax Considerations when Selling your Home

Whether you are planning for retirement and downsizing, or are in the process of upgrading to a larger home, it is important that you take into consideration the tax effect of selling your home. With proper planning it is possible for you to save taxes upon the sale of your home. Despite the many ch...

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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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 […]...

January 09

Posted By: Magda Abdo-Gomez
Posted In: Government Shutdown , Tax Returns , Tax Returns - Filing Deadlines
Date: January 9, 2019
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Effect of Government Shutdown on Tax Filing and Tax Refunds

With the government shutdown in effect during the tax filing season, there is a lot of misinformation regarding the filing of income tax returns and the issuance of tax refunds. I thought it was important that you get the right information . Late on January 7 the IRS issued an announcement providing...

December 21

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes , Tax Returns
Date: December 21, 2018
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The New IRS Form 1040 is Ready in Time for Tax Season

The new 1040 has been approved in time for the upcoming tax season. Forms 1040A and 1040EZ will no longer be available. Click https://www.irs.gov/pub/irs-pdf/f1040.pdf for a view of the new form. Do not be fooled by the”postcard” 1040. You will find that you may also need to fill out t...

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 […]...

August 04

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes , Tax Returns
Date: August 4, 2018
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Will you be Filing your 2019 Tax Return on a Postcard?

The IRS has issued a draft of the new Form 1040 for 2019. This form, much shorter than the one we are accustomed to, will be replacing not only the current Form 1040, but also Forms 1040A and 1040EZ. All US taxpayers (approximately 150 million) will be required to use the same form. The IRS [&hellip...