Milikowsky Tax Law is available to help with your business tax concerns ranging from defending your business in an IRS or California state tax audits to resolving your tax balance. Aside from our primary focus areas, we also specialize in helping companies resolve tax issues involving:
Collections: Levies, Wage Garnishments, Asset Seizures
Collections refer to the process where IRS collects money or assets from your business to pay your tax balance. Common collection methods include:
- Levy: IRS seizes property (bank accounts or money owed by your business clients)
- Wage garnishment: Your wages are taken to contribute to tax payments
- Asset seizure: IRS seize your house or other property
If the IRS sends you a seizure or collection notice relating to any of the above topics, contact Milikowsky Tax Law and speak with a tax attorney immediately. We will work to protect your assets and ensure your business stays in business.
Is your business spanning geographical borders?
While global expansion can be excellent for the growth of your company, it also exposes you to new tax concerns. To avoid having either the IRS or an alternate authority dictate your intercompany pricing policies, you’ll need to establish your own pricing standards.
At Milikowsky Tax Law, we help you provide documentation to IRS that highlights the financial structure of your cross-border organizations to keep your business in compliance.
FBAR Reporting Compliance
If you or your company has assets beyond your immediate geographical borders, you may have bank accounts in different countries. These accounts must be declared by filing an FBAR, which refers to Form 114, or Report of Foreign Bank and Financial Accounts. You must file Form 114 with the Financial Crimes Enforcement Network (FinCEN) to remain compliant with the IRS.
The FBAR filing deadline is separate from your overall tax return and the filing doesn’t go directly to IRS, although it is crucial in keeping compliant with IRS. At Milikowsky Tax Law, we help you ensure you remain in compliance with the Bank Secrecy Act (BSA).
Contact us to talk about options to resolve your FBAR reporting issues.
As your company grows, you might decide to pursue a merger or acquisition that will help you unlock new opportunities. This will mean adjusting the structure of your enterprise, which is a complicated process from a tax perspective. You may also need to resolve a tax balance or issue relating to the company you are looking to acquire.
There are various forms to complete and declarations to be made to ensure that you remain on the right side of the tax law when reorganizing your business through a merger, acquisition, or otherwise. The team at Milikowsky Tax Law is well-versed in small business tax matters — most of us have been small business owners ourselves, so we speak from experience. Call our expert team to help you prepare for the next stage in your company’s future.
Tax Planning (Partnerships, Corporations, and Individuals)
Tax law involves many intricacies and everyone can benefit from the specialized knowledge of an experienced tax attorney. Milikowsky Tax Law offers tax planning services for partnerships, corporations and individuals to help guide you through the nuances of tax law management.
Using our proprietary system, we’ll make sure that you don’t miss anything that could disrupt your estate plans, mergers, acquisitions, growth strategies, or future business plans.. No matter what your role or stake in a business venture, we’ll give you the guidance you need to handle taxes with confidence and navigate IRS communications.
Reach out to Milikowsky Tax Law for trusted legal tax support every step of the way.