Magda Abdo-Gomez, Attorney at Law

July 01

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes , Tax Withholding
Date: July 1, 2019
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IRS Releases Draft of new form W-4

An employer is required to withhold federal income tax from an employee’s wages. The employee is responsible for providing IRS Form W-4 to the employer so that the employer will know how much tax to withhold from the employee’s income. Once provided, the Form W-4 is effective until the employee ...

February 04

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

May 02

Posted By: Magda Abdo-Gomez
Posted In: Tax Laws - Changes , Tax Withholding
Date: May 2, 2018
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What you Need to Know About Tax Withholding Under the New Tax Act

Our income tax system is known as a pay-as-you-go system. This means that as taxpayers we pay our income tax liability for the year as the income is earned. For employees, the income tax is withheld from wages as the income is earned. For self-employed persons estimated tax paym...