Now that the April filing deadline has passed, small business owners may be asking: what’s next? Insert EDD audit season. As tempting as it may be to put off thinking of taxes until next year, some small business owners may be required to respond to an audit from the California… [Read more]
Why We Implemented Entrepreneurial Operating Systems
John Milikowsky, Founder of Milikowsky Tax Law, often hears the question: “why do you do what you do?” and “why are you a tax attorney?” To him, the answer is simple, “I really enjoy keeping businesses in business.” Listen to John Milikowsky, founder of Milikowsky Tax Law explain why he… [Read more]
Get to Know Local San Diego California Tax Attorney John Milikowsky
Meet John Milikowsky John Milikowsky is the owner, founder, and managing attorney of Milikowsky Tax Law in La Jolla, CA. As an attorney, he is passionate about representing business owners in the face of government audits, specifically EDD, IRS, SBA, and CSLB audit cases. A former business owner himself with… [Read more]
IRS Wants to Look at Your Bank Account
Bank accounts serve as a tool for personal and private finances. In the past, bank accounts were not typically investigated or monitored by the Internal Revenue Service (IRS) unless a taxpayer experienced an audit. However, following a proposal by the Biden Administration, IRS can now look into your bank account. … [Read more]
How to Respond to IRS Letter CP 2000
What is a CP 2000? Watch our video below: IRS sends audit letters to taxpayers when tax returns and reported data from employers or banks do not match. This specific letter is IRS letter CP 2000. It is not a formal audit letter notice. However, it does notify the taxpayer… [Read more]
What Should You Pay for a Tax Attorney?
How much should you pay for a tax attorney? It depends on the issue you’re facing. If you’re a business owner, you can expect to pay a little bit more because these cases tend to have more complicated issues. Sometimes, cases can cost $2,000 to $3,000, but it depends… [Read more]
Article Review: Tougher than IRS? California Franchise Tax Board
California residents and business owners in the state who are audited by IRS have a responsibility to report their IRS audit findings to the California Franchise Tax Board. While IRS will send the results of your audit to the state agency, it is in your best interest to self-report… [Read more]
What to expect in an EDD Audit?
If your business is experiencing an EDD audit, it’s important to know what to expect. Founder and managing attorney at Milikowsky Tax Law, John Milikowsky, breaks down the EDD audit process and the frequently asked questions that come with an EDD audit. “What you can expect from us, whether you… [Read more]
What Every Business Owner Needs to Know
Starting a business rarely begins with a strategic checklist of all of the resources necessary to run and scale successfully. Rather, many, if not most businesses start because the founder has a passion or skill that is exceptional and in-demand and they grow from there. Because of this, many business… [Read more]
Vince B. EDD Audit Case Study
We are grateful to our client, Vince B., for sharing his story of how we were able to help him weather an EDD audit. This audit could have closed his business and had far-reaching repercussions for his personal finances as well as business finances. In 2020, Vince was hit with… [Read more]