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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IRS Audit Vs Criminal Investigation: What Business Owners Need to Know

As a business owner, it is essential to understand the difference between an IRS audit and a criminal investigation, as the outcomes of each can have a significant impact on your business. 
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Navigating AB-5: Implications and Solutions for Small Business Owners in California’s Gig Economy

The gig economy has transformed the way we work, creating a workforce of independent contractors who work for businesses on a short-term basis.
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ERC Credits and Your 2023 Tax Filings: A Business Owner’s Guide

ERC Credits and Your 2023 Tax Filings: A Business Owner's Guide
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2023 IRS Dirty Dozen: List of Tax Shelters Identified by IRS

Every year, the Internal Revenue Service (IRS) releases its "Dirty Dozen" list, which comprises the most common tax scams and schemes used by taxpayers to evade taxes. This year is no different, and the IRS has identified twelve tax shelters that it will actively pursue in both criminal and civil audits. 
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Understanding the New IRS Rules for Electric Cars

The use of electric cars is becoming increasingly popular due to its environmentally friendly nature. As a result, the government has put in place new IRS rules aimed at promoting the use of electric cars.
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What to Do If You Receive a Notice of IRS Audit

In this blog post, we’ll discuss what an audit is, why the IRS might audit you, and what you should do if you receive a notice of IRS audit.
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The Consequences of Not Responding to an IRS Audit Notice

Not responding to an IRS audit notice can lead to you losing your rights as a taxpayer.
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Common Myths About IRS Audits and the Truth Behind Them

Despite being a common occurrence, there are many misconceptions about what IRS audits are and how they work. Whether you're a small business owner, freelancer, or a salaried employee, it's important to have a clear understanding of what to expect from an IRS audit so you can approach it with confidence and be prepared to defend your tax return.
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Common Causes of IRS Audits and How to Avoid Them

The Internal Revenue Service (IRS) is responsible for upholding federal tax laws and ensuring that individuals and businesses comply with them
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IRS Audit Checklist: What to Expect and How to Prepare

IRS may select your tax return for various reasons, including random selection, suspicion of incorrect reporting, or because your return is different from others in your demographic.
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What is an IRS Audit and How Does it Work?

An IRS audit is a review of your tax return to ensure that you have accurately reported your income, expenses, and other tax-related information.
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Will There Be More IRS Audits This Year?

 As the tax season approaches, many Americans are wondering what changes they can expect from the IRS, especially given the recent funding allocated to the agency through the Inflation Reduction Act. This bill, passed by Senate Democrats…