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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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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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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IRS ERC Audits & Voluntary Compliance Program

What Is the Voluntary Compliance Program (VCI)? The IRS has introduced the Voluntary Compliance Program (VCI) for businesses that filed for the Employee Retention Credit (ERC) and believe their claim was inaccurate. This program allows companies…
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IRS Strategic Plan: Increased Audits on Wealthy Taxpayers, Corporations, and Partnerships

The Internal Revenue Service (IRS) is making a significant shift in its approach to tax audits, focusing more intensively on high-income earners, large corporations, and complex partnerships. This new direction is outlined in the IRS's updated…
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5 Tips for CPAs to Minimize Audit Risk for Their Clients

For CPAs: Once Tax Season is Over, Audit Season Begins (We’ve Got You)

As a Certified Public Accountant (CPA), you know that the end of tax season doesn’t mean a break from the action. Just as the dust settles from tax filings, audit season kicks off. At this important time, having a robust strategy and support…
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IRS ERC Crackdown: 9 Red Flags Business Owners Must Review

The IRS is intensifying audits of Employer Retention Credit (ERC) claims. With over a million ERC applications received, totaling $86 billion in credits, the IRS is carefully scrutinizing each claim. Here are nine red flags that could trigger…
EDD Employee Misclassification Audit
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How to Prepare for an EDD Misclassification Audit

As a business owner the best way to prepare for, or avoid entirely, an audit from the Employment Development Department (EDD), is to make sure that you’re correctly classifying your employees. Whether your employees W-2 or 1099 employees or…
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Can SBA Audit a PPP Loan That is Already Forgiven?

Recently, businesses have experienced an increase in inquiries from the Small Business Administration (SBA) regarding the forgiveness of Paycheck Protection Program (PPP) loans that were previously forgiven. This raises a critical question:…