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.

Why IRS is Redirecting Their Focus Towards Cryptocurrency Tax Evasion
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Why IRS is Redirecting Their Focus Towards Cryptocurrency Tax Evasion

In mid-May, the U.S Treasury Department announced that they would require any transfer of $10,000 or more to be reported to the Internal Revenue Service (IRS). This update comes in response to growing concerns with regard to cryptocurrency compliance.  While…
Group of business people meeting, discussing, analyzing graphs, financial data, and planning a marketing project together.
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Other Tax Law Matters

Aside from our primary focus areas, we also specialize in helping companies resolve tax issues involving: Tax Collections, FBAR Reporting Compliance, Corporate Reorganization & Cross Border Transactions.
Corporate Tax Changes Under Biden: What to Know

Biden Administration Revokes Employer Friendly Independent Contractor Test

In early May of this year, the Biden Administration officially made the decision to revoke the previously adjusted Trump era ruling on independent contractor classification.    Earlier this year, in January 2021, the Trump administration…
Chain Reaction In Business Concept, Businessman Intervening Dominoes Toppling
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Tax Collections

Whatever problem you face with the IRS, we are prepared to fight for you. We can put our negotiation skills to work in an attempt to lower the taxes and penalties you face.
Do you know how to Respond to IRS Letter CP 2000
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How to Respond to IRS Letter CP 2000

What is a CP 2000? Watch our video below: .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute;…
PPP Loan Applications are Closed as Fraudulent Cases Emerge
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PPP Loan Applications are Closed as Fraudulent Cases Emerge

  Over the past year businesses flocked to the Small Business Administration (SBA) to submit applications to receive their share of the federally allocated Paycheck Protection Program funding.    PPP loans were distributed to businesses…
What to Know About Tax Evasion and Avoidance

What to Know About Tax Evasion and Avoidance

While nobody wants to be responsible for paying any more taxes than is absolutely necessary, it’s critical to remain aware of the fine line between getting creative with your tax responsibilities in a legal way, and taking it too far into…
Messy load of ring binders that contain tax documents and forms, accounting and payments concept
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Unfiled Tax Returns

Here at Milikowsky Tax Law, we know that facing IRS penalties can be overwhelming. Time and time again, we've helped clients make swift, accurate action in filing overdue returns, halting any further penalty and helping them move on with their lives. We're ready to do the same for you and your unfiled return matters.
Corporate Tax Changes Under Biden: What to Know

Corporate Tax Changes Under Biden: What to Know

In March 2021, the current administration and congress were able to enact the American Rescue Plan, the plan provides cash payments to individuals and included tax law changes benefitting lower-income individuals and families. The American Rescue…
Operating a Law Office Under the Tax Cuts and Jobs Act of 2017

Operating a Law Office Under the Tax Cuts and Jobs Act of 2017

Originally published by GP Solo Magazine for the American Bar Association. Written by Lauren Suarez and Allison D.H. Soares. April 15 symbolizes a lot of things to various lawyers, depending on whether you are a solo practitioner, a midsize…
IRS & EDD AUDITS Concept image for filing federal income taxes online and being audited. Computer keyboard, calculator and pen are placed on income tax form 1040. The 'word' AUDIT is stamped on the form 1040.
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IRS & EDD Audits

If you recently received a letter from IRS, there are few important steps you need to take to protect yourself. While IRS will occasionally audit businesses randomly, they usually audit an individual or business because your tax return contains an error or a transaction that is inconsistent with other businesses in your industry.
ppp fraud
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PPP Fraud: IRS Vows to Crackdown

2020 was a challenging year for many business owners. The ongoing global pandemic not only brought on a health crisis, but an economic crisis to match. While many companies were able to stay open because they were deemed to be essential workers,…