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Providing actionable insights and valuable information to help you navigate the complexity of tax law for your business.

IRS Audit common causes
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Common Causes of IRS Audits and How to Avoid Them

The Internal Revenue Service (IRS) is responsible for upholding federal tax laws and ensuring that individuals and businesses comply with them
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IRS Audit Checklist: What to Expect and How to Prepare

IRS may select your tax return for various reasons, including random selection, suspicion of incorrect reporting, or because your return is different from others in your demographic.
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What is an IRS Audit and How Does it Work?

An IRS audit is a review of your tax return to ensure that you have accurately reported your income, expenses, and other tax-related information.

Will There Be More IRS Audits This Year?

 As the tax season approaches, many Americans are wondering what changes they can expect from the IRS, especially given the recent funding allocated to the agency through the Inflation Reduction Act. This bill, passed by Senate Democrats…
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Should You File Delinquent Returns If You Can’t Afford to Pay?

One common question that clients often ask is whether they should file their delinquent tax returns if they can't afford to pay the taxes owed. The answer is always yes. It is better to file your tax return and work out a payment plan with…
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Your Checklist to Prepare for IRS Audits in 2023

What To Do If You Receive an IRS Audit Letter If you receive an audit letter from the Internal Revenue Service (IRS), it can be a stressful and daunting experience. However, there are several things you can do to prepare for the audit and…
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The CPA’s Guide to Helping a Client with an SBA PPP Loan Forgiveness Denial

When the COVID-19 pandemic wreaked havoc on small businesses, the U.S. government stepped in to offer some relief in the form of SBA PPP (Paycheck Protection Program) loans. Those loans were designed to help businesses keep their doors open…
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Where Have All the CPAs Gone?

The United States is currently experiencing a severe shortage of certified public accountants (CPAs) due to a rising trend of accountants leaving their positions at both corporations and audit firms. This trend is coupled with a decline in…
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What Triggers an IRS audit in 2023?

Are you worried about getting audited by the IRS? It can be a daunting prospect, but there are certain things you can pay attention to that might help you avoid an audit or at least be better prepared for one. According to John Milikowsky,…
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SBA PPP LOAN FORGIVENESS DENIAL APPEALS

The team at Milikowsky Tax Law has successfully appealed numerous Paycheck Protection Program Loan Forgiveness denials and we are ready to help you bring your case to the SBA for consideration. WHAT TO DO IF YOU RECEIVE A LETTER OF DENIAL…
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How Far Back Can IRS Audit You?