WELCOME TO THE MILIKOWSKY TAX LAW BLOG

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

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What to Do If You Receive an ERC Denial Letter from the IRS

Receiving a denial letter for the Employee Retention Credit (ERC) from the IRS can be stressful, but taking immediate and strategic action can help minimize potential financial consequences.  Here are the steps you should follow to…
Beneficial Ownership Reporting Requirements

What You Need to Know About Beneficial Ownership Reporting Requirements

In 2021, a new anti-money laundering law introduced the Beneficial Ownership Information (BOI) Requirement, mandating certain companies to disclose information about their ownership and control to the Financial Crimes Enforcement Network (FinCEN).  John…
edd audit testimonial

EDD Audit: A Testimonial with Business Owner Mykel R. “Commitment & Dedication”

When Mykel R., founder of Create the Lab, found himself facing an EDD audit, he quickly realized that the process was more complex than he initially thought. The stakes were high, and it was clear that expert help was needed. With the support…
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How to Navigate an EDD Audit: A Client’s Journey with Milikowsky Tax Law

Create the Lab, an event and film production studio in Hawthorne, California, was audited by the California Employment Development Department (EDD), founder Mykel feared a significant financial blow. But with the expert guidance of Milikowsky…
EDD audit testimonial

1099 Misclassification Audit Testimonial: How Milikowsky Tax Law set Realistic Expectations

Facing an audit from the California Employment Development Department (EDD) can be daunting for any business owner, especially when it involves potential 1099 worker misclassifications. The process is complex, the stakes are high, and the regulations…
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How to Prepare for the 2024 1099 Filing Deadline

The 2024 1099 filing deadline is fast approaching—are you ready? Filing 1099s can feel overwhelming, but understanding the process and key requirements can save you from costly penalties.  Below, we break down three critical steps…
irs audit letter 2025

How to Respond to an IRS Letter in 2025

Dealing with an IRS letter can be stressful, but understanding the process and responding appropriately can help resolve the issue quickly. Let’s break down how to handle a correspondence audit, one of the most common types of IRS audits,…
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How to Prepare for an IRS Audit in 2025: A Comprehensive Guide

Preparing for an IRS audit can be a daunting task, but with the right strategies and tools, you can navigate the process smoothly and confidently. As we approach 2025, it’s important to stay ahead of potential changes in tax regulations and…
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2025 Tax Audits: What to Expect

Tax audits are evolving as we enter 2025. Changes in technology, tax laws, and enforcement practices are reshaping how audits are conducted. Whether you’re an individual taxpayer, a business owner, or a financial professional, staying informed…
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What Should You Pay for a Tax Attorney?

How much should you pay for a tax attorney? It depends on the issue you’re facing. If you’re a business owner, you can expect to pay a little bit more because these cases tend to have more complicated issues. Sometimes, cases can cost $2,000 to $3,000, but it depends on the complexity of the case itself.
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ERC Credit Explained: 3 Requirements IRS Will Look For

The Employee Retention Credit (ERC) was designed to support businesses affected by government and business closures during COVID-19. To qualify, businesses must meet three main requirements: being a qualified business, having qualified wages,…
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Your Guide to California and Federal Tax Evasion Penalties

The law imposes significant tax evasion penalties to deter activities that could lead to a conviction for evasion or fraud. In addition to financial penalties, a tax fraud conviction can result in several years of jail time, depriving you of…