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.

Golden Screw

The Golden Screw

The story of the golden screw. I’d like to set the scene... Come back in time with me, if you will. Back in the Day It’s 1987 and I’m 10 years old. I’m sitting in a windowless supply room in the back of my parents’ lighting store…
EO Accelerator

Minimize the Risk of an IRS or CA Tax Audit

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…
What is the Average Jail Time for Tax Evasion?

What Is the Average Jail Time for Tax Evasion?

The threat of a tax audit is not news to most business owners. While some may be willing to risk the chance of ignoring their tax responsibilities when the outcome is simply fees and financial penalties, that may change when they realize that…
calculator and a pen

Tax Avoidance vs Tax Evasion

What is Tax Avoidance vs Tax Evasion exactly? There are two things you can be sure of.  Death & Taxes.  No one likes either.  The US Tax system was predicated on the idea that every tax paying citizen would accurately and fairly assess…
person holding financials

Entity Formation and Business Planning

The decision about what business entity to select for a new venture has critical implications for liability and tax consequences. This can affect the stakeholders of the entity as well.  There are different rules and regulations that apply…
Court of Law
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How Could My PPP Loan Have Exposed My Company to Criminal Liability?

How could my PPP loan have exposed my company to criminal liability?  Now that your small business has a PPP Loan, it is time to consider how this may have exposed your company to criminal liability. Since the US government does not give out…
How to resolve an IRS tax balance
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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…
Attorney sharing legal advice

Chamber of Commerce Tax Credits and Changes

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…
attorney and client

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

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…
Woman doing paperworks

Paula Brunoro Discusses International Tax Challenges & Techniques For Corporations

SAN DIEGO, CALIFORNIA, UNITED STATES, June 18, 2019 /EINPresswire.com/ — Leading international tax attorney, Paula Brunoro-Borokhov, of Brunoro Law, APC.,  conducted a live international tax challenges webinar for tax…
W-2

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

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…
Cash transactions

Will SBA Relief Funds Meant for Small Businesses Be Returned?

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…