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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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…
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Law Offices of John D. Milikowsky Rebranded As: Milikowsky Tax Law

SAN DIEGO, CALIFORNIA, September 8, 2015 - Law Offices of John D. Milikowsky, a tax controversy law firm, has been rebranded and is now officially operating as Milikowsky Tax Law. The firm's founder, John Milikowsky, Esq., changed the firm's…
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John Milikowsky Selected As One of the Top 5 Best Tax Lawyers in San Diego

SAN DIEGO, CALIFORNIA, September 8, 2015 - John D. Milikowsky, Esq., Founder of Milikowsky Tax Law, a tax controversy law firm, was recently selected by the Union Tribune's San Diego Reader's Poll as one of the "Top Five Best Tax Lawyers in…
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How to Apply for New Tax Credit Awards

In the 2014-2015 period, the Governor’s Office of Business and Economic Development (GO-Biz) is authorized to award more than $151 million to taxpayers through the California Competes Tax Credits. Over two separate application periods, nearly…
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The Process of Appealing an IRS Audit

Finding out that you are facing an IRS tax audit can be overwhelming and frightening, even if you are confident that you have nothing to hide. Knowing the IRS may blow the smallest of mistakes out of proportion can instantly leave your stomach…
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IRS Assesses Penalty 40% Greater than the Account Balance

An 87 year old man who has a secret Swiss bank account with $1.5M faces penalties of $2.2M for failure to disclose his bank account to the IRS. This is the first case made public where an individual's penalties associated with failing to report…
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Can the IRS Give Your Information To Collection Agencies?

The new bill, S. 2260 (Senate Bill), would require IRS to turn over delinquent accounts of taxpayers to private collection agencies. This provision was inserted into the tax extenders bill currently being considered in Congress. The bill, if…
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Are You Liable for Your Employer’s Past Due Payroll Tax?

If an employer fails to collect and pay employment taxes, the owners and executives (generally the CEO, CFO, and Secretary) who are responsible for paying and withholding wages and employment taxes may be personally liable for their company's…
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IRS May Not Let You Exclude Gains from Selling A Home

Houses are considered a capital asset and therefore subject to capital gains tax; however, most homeowners are exempt and can exclude gains from selling their homes.  The 2014 case of Marvin E. Debough v. Commissioner of Internal Revenue displayed…