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

Taxpayer reviewing types of IRS audits with their tax professional
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The 4 Types of IRS Audits, and How to Navigate Them

There are 4 types of IRS audits that taxpayers should be prepared to navigate. Each type has different requirements and effective strategies to correctly respond to the audit and resolve the issue.   Read on to learn about the procedures…
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The IRS Audit Process: What to Expect

You’ve just found out you’re being audited by the IRS, and you’re probably feeling overwhelmed. Fortunately, at Milikowsky Tax Law, we know that having a clear idea of how an audit works greatly improves your chances of it going smoothly. We’ve…
Man holding a receipts

When Can the IRS Come After a Business Personally?

Tax season can be an impersonal, bureaucratic nightmare for many business owners. But there’s a personal side to taxes, too. That’s because when you're a business owner, there can be a high level of personal risk involved. Your time,…
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5 Tax Tips for New Entrepreneurs

  It’s never too early to get a head start on planning your taxes — especially if you’re an entrepreneur starting a business of your own. Taxes for entrepreneurs work differently than those for full-time employees receiving annual W-2…
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The Top 5 Ways to Reduce Your Risk of a Tax Audit

If there is anything business owners dread more than tax season, it’s being audited by the IRS. There are many reasons why the IRS or the state may come knocking on your door for an audit. These reasons can include: Accidentally (or deliberately)…
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Can’t Afford Your Tax Burden? Here’s What to Do

Come tax season, many individuals and businesses find that they are unable to pay their full tax burden on time. Despite how common this predicament is, a sizable portion of taxpayers don’t know what options are available in these circumstances.…
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Five Common Reasons the IRS May Audit Your Business

Every business owner fears the dreaded tax audit. It can be a headache, requiring a lot of precious time to retrace your steps the previous year and provide documentation to support the information on your tax forms. No one can predict an…
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The IRS Is Coming after My Closed Business. What Do I Do?

When businesses close, they sometimes do not file taxes for their last year in operation. These taxes are still owed, and if any business has not closed its doors in accordance with state and federal laws, California’s Franchise Tax Board…
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Tax Compliance Tips for California Businesses

Whether or not you owe any sales and use tax, California mandates that any business holding a seller’s permit routinely file sales tax returns. Depending on the situation, this may be every month, quarter, or year. Considering the extensive…
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Sales Tax Audits: What to Know and How to Prepare

When businesses fail to pay taxes in California, the state does not hesitate to aggressively pursue what it’s owed. Most California businesses will have to endure an audit at some point. Even if your business has kept meticulous records and…
California Tax Attorneys

Understanding EDD Obligations as a California Employer

  All employers in California have certain state tax requirements on top of their federal tax obligations. Read on to learn more about these requirements, including how they can affect your business and what happens in the case of an Employment…
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How to Prepare for a Payroll Tax Audit

Like most California business owners, you’ve likely kept diligent financial records and have never tried to defraud the government on your taxes. However, if the state targets you for a payroll tax audit, it may understandably cause you…