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

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Are You Maximizing Your Small Business Tax Deductions?

The lifeblood of every business activity is money, and small business owners need to hold on to as much of it as possible to keep their companies afloat. The IRS gives small business owners some wiggle room in the form of tax deductions.…
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6 Business Expense Deductions That Could Get You Audited.

While U.S. business taxation rates seem to be the largest for developed countries, these rates are often masked by the numerous tax benefits and write-offs allowed to U.S. business entities. Even though savvy business owners can effectively…
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Problems with Preparing Business Financial Documents

One of the most common misconceptions business owners have about their tax returns is that their liability ends once they hand their financial information to their CPA or tax preparer. This could not be further from the truth. Each year business…
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10 Myths of Worker Misclassification (Independent Contractor or Employee)

As the deadline to file your W-2s for employees approaches at the end of January 2017, many business owners have probably found themselves wondering whether or not certain workers should be labeled as employees or independent contractors. With…
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Employees Vs. Independent Contractors: How Should You Classify?

Have you stopped to ask yourself if you are filing the wrong tax form for your employees? Form W-2’s for each employee are due on January 31, 2017. However, a common mistake made by business owners is classifying a worker as an independent…
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Tax Return Reviews for San Diego Business Owners

Most business owners and entrepreneurs don’t like thinking about taxes. Deductibles and audits would be stressful for anyone, especially an individual with a company on the line. Our San Diego tax attorney at Milikowsky Tax Law offers tax…
What to do if IRS Audits your Business

Do I Really Need to Hire a San Diego IRS Attorney?

This is perhaps one of the most frequently asked questions we hear. For most people, it is easy to think that they can handle their tax law issues on their own—especially when the person who contacted them from the IRS seems friendly. However,…
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IRS Has the Power to Revoke Your Passport

On December 4, 2015, President Obama signed into law the Fixing America’s Surface Transportation Act (“FAST”), which requires the IRS to submit the names of individuals who owe taxes to the Secretary of State to revoke, cancel, or limit…
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The Benefits of Having a CPA and a Tax Attorney

Attorneys and CPAs go through extensive education and state licensing requirements. Both attorneys and CPAs study the tax code (Internal Revenue Code). CPAs are licensed and regulated by their state boards of accountancy and provide many valuable…
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Coca- Cola Owes $3.3 Billion in Taxes From Foreign Licensing

On September 17, 2015, the Coca-Cola Company received a Statutory Notice of Deficiency (“NOD”) from the IRS for $3.3 billion. The NOD is essentially a notice IRS intends to assess Coca-Cola additional taxes, penalties, and interest arising…
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How Can Offers in Compromise Benefit Me?

An Offers in Compromise is a settlement of your tax debt when the IRS is willing to take less money than what is owed by the tax payer and consider their debt fully paid. It can be incredibly helpful in assisting those with tax problems. An…
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How Do I Settle My Tax Debt?

Being in debt can already be stressful, but if you haven’t been able to pay your taxes you may be feeling some added pressure from the IRS. But what can you do when things already feel hopeless and you can’t find a way out of your financial…