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Magda Abdo-Gomez's Answers (1523)

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Archived

For citizenship purpose do i have to file tax return?

Magda's answer | Answered on April 15, 2016

I always recommend to clients that they file a tax return even though they are not legally required to do so because they fall below the income...

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If I pay property taxes on the land can I have my name put on the title or claim adverse possession?

Magda's answer | Answered on April 15, 2016

Adverse possession is a common law principle for obtaining title to land. In modern times most states have codified the manner in which it applies,...

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He filed taxes but the ex had claimed the baby does he have rights to claim baby and if yes what can he do to correct the taxes

Magda's answer | Answered on April 15, 2016

If the child lived with your son more than 6 months of the year and provided more than 50% of the support he may want to consider claiming the...

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Where do you document the gifted income so my AGI on 1040 shows it or do I add it on the 8962 Form in the Modified AGI for PTC

Magda's answer | Answered on April 14, 2016

A gift is not subject to income tax. Therefore you do not report the gift anywhere on your 1040.

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When can we expect to hear whether or not they are keeping our refund, adjusting our refund, or sending it on through?

Magda's answer | Answered on April 14, 2016

If Alabama is anything like the IRS, or most governments entities. it will take more than 8 days for them to receive it, review it and reach out to...

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Will refinancing with my current mortgage lender negate my rights from chapter 7 BK laws?

Magda's answer | Answered on April 14, 2016

You will be responsible for whatever you borrow. If you fail to stay current your home can be foreclosed upon by the lender. Since this is a...

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What's the maximum # of properties that can be purchased with 1031 exchange proceeds? Is it up to 3 properties?

Magda's answer | Answered on April 14, 2016

The following link addresses 1031 exchanges and should be very helpful: https://www.irs.gov/uac/Like-Kind-Exchanges-Under-IRC-Code-Section-1031 I...

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I formed a legitimate Corporation Sole in California

Magda's answer | Answered on April 14, 2016

If you are making capital contribution to the company you are doing so in exchange for stock. The contribution of capital is not a taxable event to...

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Are state courts allowed to award child dependency exemption without adhering to federal tax law?

Magda's answer | Answered on April 14, 2016

Generally the parties negotiate these matters in family court and make it part of an agreement. A judge enters an order but it usually...

Archived

Is the employer obligated to pay social security and Medicare taxes for undocumented workers in the restaurant?

Magda's answer | Answered on April 14, 2016

It is my understanding that an employer is required to withhold social security and medicare taxes from all employees. However, even though the...