Free Consultation: 858.450.1040 Payment | Client Login

MENUMENU
  • EDD
  • IRS
    • IRS Notices – What They Mean
  • About Us
    • MEET THE TEAM
    • PRACTICE AREAS
    • CONTACT US
  • TAX LAW & EDD RESOURCES
    • SMALL BUSINESS OWNERS TAX LAW GUIDE
    • EDD & IRS AUDITS
    • CRIMINAL TAX
    • SAN DIEGO TAX ATTORNEY
    • Orange County Tax Attorney Services
    • TAX BALANCE
    • INNOCENT SPOUSE RELIEF
    • OTHER TAX LAW MATTERS
    • SALES TAX AUDITS
    • UNFILED TAX RETURNS
    • OFFERS IN COMPROMISE
    • CALIFORNIA INCOME TAXES
    • INTERNATIONAL TAX
    • TAX COLLECTIONS
    • CORPORATE | BUSINESS TAX
    • PAYROLL TAX AUDITS
    • TAX LEIN
    • FAQs
  • SBA Loan Resources
    • PPP FORGIVENESS DENIAL APPEAL
    • SBA Criminal Defense
    • FAQs
  • RESOURCES
    • Blog
    • VIDEO LIBRARY
Home > Archives for Accounting

Minimize the Risk of an IRS or CA Tax Audit

August 21, 2020

EO Accelerator

EO Lunch & Learn: Minimize the Risk of an IRS or California Tax Audit Before Filing Your Tax Return “The hardest thing in the world to understand is the income tax.” — Albert Einstein Founder, John Milikowsky presents to the EO Accelerator group on common red flags, tax filing do’s… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Accounting, CARES, COVID-19, Economy, Tax Preparation

How to resolve an IRS tax balance

July 29, 2020

How to resolve an IRS tax balance

Owing Back Taxes: How to resolve an IRS tax balance: Does your business owe taxes to IRS – payroll taxes, income taxes? Did IRS file a federal tax lien against your business that is preventing you from getting a loan? Founder, John Milikowsky discusses your options:

Filed Under: Blog, COVID-19, CSLB, News Tagged With: Accounting, CARES, COVID-19, Economy, Tax Preparation

Chamber of Commerce Tax Credits and Changes

July 27, 2020

Attorney sharing legal advice

What Tax Credits and Changes Could Affect Your Businesses 2020 Tax Filing? The U.S government works to pass legislation to help reduce the damage caused by the shut down of our global economy in the face of this novel coronavirus. The CARES Act and the FFRCA are in place to… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Accounting, CARES, COVID-19, Economy, Tax Preparation

Small Businesses Set to Receive Funding from the Main Street Loan Program!

July 23, 2020

attorney and client

Coronavirus has caused companies of all sizes to take a hit. To help your businesses that need extra funds, the federal government came out with a few funding options. The Main Street Loan Program was intended to serve larger businesses like the SBA PPP served smaller businesses. But, as of… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Accounting, CARES, COVID-19, Economy, Tax Preparation

Were Your Finances in Line When you Applied for SBA Loans?

July 16, 2020

W-2

Organization is Key: Were Your Finances in Line Before You Applied for Your SBA PPP Loan? The SBA relaxes the loan forgiveness criteria in mid June allowing you 24 weeks to use SBA funds and to allocate 60% of funds to payroll. This is replacing the previous amount equal to… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Accounting, CARES, COVID-19, Economy, Tax Preparation

Will SBA Relief Funds Meant for Small Businesses be Returned?

July 13, 2020

Cash transactions

Small businesses continue to struggle to acquire SBA PPP funds, as a few larger companies refuse to return the funds they have received. Though these larger publicly traded companies could face severe consequences, the threat is not causing any movement towards these companies returning their funds. While the Trump Administration… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Accounting, CARES, COVID-19, Economy, Tax Preparation

Will SBA Audits Result in Criminal Exposure for Business Owners?

July 9, 2020

Milikowsky Tax Law

What Criminal Exposure Could You Be Subject to Because of your SBA PPP Loan? After Mnuchin, the Treasury Secretary announced that all SBA PPP loans of $2 million are guaranteed an audit, and smaller loans may be audited as well, there has been concern surrounding potential criminal exposure. How can… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Accounting, CARES, COVID-19, Economy, Tax Preparation

Signs the IRS is Looking for to Prove Criminal Content

July 6, 2020

SBA loan audit

The potential penalties that arise when borrowers apply for the SBA PPP loan has business owners questioning whether or not they should keep their loan funds. Borrowers must consider their individual circumstances to make this decision, but there can be adverse consequences if you do not utilize the loan funds… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Accounting, CARES, COVID-19, Economy, Tax Preparation

Steps to Reduce Being Considered for Fraud in an Audit

July 3, 2020

Tax fraud

The SBA PPP loan is to help support small businesses that would otherwise disappeared due to COVID-19. Now that these funds have been widely disbursed, the federal government is stepping it. They are taking action to check on the recipients. Furthermore, their actual need and whether or not their applications… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Accounting, CARES, COVID-19, Economy, Tax Preparation

One major red flag to watch out for if you take cash out of your IRA under the CARES Act

June 29, 2020

Taxes

Heads up — while you are now allowed to take up to $100,000 out of your IRA and pay it back within three years with no tax hit, doing so may have some hidden consequences that you likely have overlooked initially. The Internal Revenue Code calls these tax-favored withdrawals “coronavirus-related… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Accounting, CARES, COVID-19, Economy, Tax Preparation

  • 1
  • 2
  • 3
  • Next Page »

Search

Categories

Questions About
Tax Audit/Controversies?

A representative will be in contact within 1 business day
PRIVACY POLICY

Get Monthly Updates on Important Tax Law Matters



Milikowsky Tax Law is located at: 4250 Executive Square, Ste. 650, La Jolla, CA 92037
o. (858) 450-1040 | m. (858) 212-0542 |
Privacy Policy

DISCLAIMER:
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

Milikowsky Tax Law © All Rights Reserved. Clear1099.com | Cal1099.com | California1099.com © All Rights Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT