Questions answered by Magda Abdo-Gomez

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IL DEPT OF REVENUE TAX LIEN

Magda's answer | Answered on May 19, 2016

I recommend that you discuss this with an attorney who can review the settlement documents with the IL Dept of Revenue. Some questions you would...

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What would be the best thing to do with $30,000. so as not to get raped by the IRS?

Magda's answer | Answered on May 19, 2016

I recommend that you speak to a tax or financial professional to discuss your options. The sooner the better.

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Is it too late to file an amendment to my 2010 federal tax return?

Magda's answer | Answered on May 19, 2016

Assuming you filed your 2010 timely on April 15, 2011 the time to amend the return expired on April 15, 2014. If you did not file the return timely...

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Should the irs pay for this mistake?How do I find out who done this and file charges against them? what should I do about this?

Magda's answer | Answered on May 19, 2016

If the IRS is investigating and are aware that you identity has been stolen then it seems they are not pursuing you for the $1100. The process in...

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Can I pay promissory note payments to the seller as a business expense avoiding tax implications?

Magda's answer | Answered on May 19, 2016

You are the purchaser of the company and as such the purchase price (which you are paying in installments) is your responsibility. This purchase...

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On the SOFA, question 5, is an income tax return considered income?

Magda's answer | Answered on May 19, 2016

Question 4 refers to income from employment or operation of business Question 5 refers to income other than from employment or operation of...

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Can withdrawals from inherited IRAs be made payable directly to educational institute or loan payment for any tax advantage?

Magda's answer | Answered on May 19, 2016

I am not clear on exactly what tax advantage you think. A withdrawal is still a withdrawal whether you receive it personally and then make a loan...

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Is the inheritance tax levied according to the beneficiaries' state of residence or the decedent's state of residence?

Magda's answer | Answered on May 19, 2016

The decedent's estate will file an estate tax return, if such is required, with the state in which the decedent resided at the time of death. If a...

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Other then filing for a divorce which I am considering what can I do to protect myself from his lie. Please help I am low income

Magda's answer | Answered on May 19, 2016

Luckily for you he filed his return as single and not jointly. Whatever he has done on his return will be his problem to deal with against the IRS...

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Can I claim mileage on my taxes if I travel a certain amount of miles to an from work?

Magda's answer | Answered on May 19, 2016

You cannot take a deduction for commuting to and from work.

Magda Abdo-Gomez's Answers (1523)

IL DEPT OF REVENUE TAX LIEN

What would be the best thing to do with $30,000. so as not to get raped by the IRS?

Is it too late to file an amendment to my 2010 federal tax return?

Should the irs pay for this mistake?How do I find out who done this and file charges against them? what should I do about this?

Can I pay promissory note payments to the seller as a business expense avoiding tax implications?

On the SOFA, question 5, is an income tax return considered income?

Can withdrawals from inherited IRAs be made payable directly to educational institute or loan payment for any tax advantage?

Is the inheritance tax levied according to the beneficiaries' state of residence or the decedent's state of residence?

Other then filing for a divorce which I am considering what can I do to protect myself from his lie. Please help I am low income

Can I claim mileage on my taxes if I travel a certain amount of miles to an from work?