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Providing actionable insights and valuable information to help you navigate the complexity of tax law for your business.

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Irs Sends Money Instead of Receiving Money This April 15th

April 15th Takes on New Meaning in 2020 For most Americans, April 15th is no day for celebration.  We pay our taxes, dutifully (if somewhat begrudgingly from time to time) and get on with the business of, well, business.  Today, many of…
Tax fraud

What Is the Difference between Criminal Tax Evasion and Civil Tax Penalties?

In the eyes of the federal government, there is a vast difference between a criminal tax fraud offense and a civil fraud offense. These differences focus primarily on the different burdens of proofs, penalties, statues of limitations, and…
Woman writing on a notepad
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Is IRS Still Auditing? [video]

If you are currently being audited by IRS or EDD, be certain that you get a delay or postponement in writing.  IRS and EDD are still auditing. The outbreak is not stopping work at CA EDD or IRS. Despite the chaos caused by the recent…
contractors files

Can I Hire 1099s to Stay in Business During COVID-19?

As many companies work to reorganize their business model in light of COVID-19, hiring a 1099 to replace your full-time employees might be a great solution.  However, there are a few things to consider before taking the step in hiring these…
Small Business Owner Resources

COVID-19 Business Owner Resources

As business owners, and former business owners, we at Milikowsky Tax Law know how challenging these times can be.  Here are resources specifically focused on the Small to Mid-Sized Business Owner (under 500 employees).  If you find yourself…
2018 form

IRS Is Limiting Certain Enforcement Actions

In a surprising turn of events, IRS is limiting certain enforcement actions. To read the entire article visit IRS.gov "The new IRS People First Initiative provides immediate relief to help people facing uncertainty over taxes," Rettig added…
International Tax Law

International Tax Audits

The area of international taxation is incredibly complex. It requires a detailed understanding of the laws of the countries involved in the transactions, as well as how various treaties impact the tax consequences of business operations. At…
AB-5 can it stand?

Will AB-5 Withstand Coronavirus?

As we look forward from April into the second quarter of 2020 the question on many business owner's minds is: will the rules outlined in AB-5 stand in the face of coronavirus? At the start of 2020, business owners' level of concern about California…
Business and tax law

The Coronavirus Impact on Tax Law

The full scope of the coronavirus impact on tax law (and all other areas of business in the US and around the globe) has yet to be determined, but we can already see some of its major effects on tax laws in the United States. Just a few months…
COVID-19

Unemployment Claims Spike: So May EDD Audits

Unemployment claims are in the millions as a result of the coronavirus epidemic and the ensuing quarantine and lockdown. Small businesses are being deeply impacted by the downturn and many are having to lay off over half their workforce. Since…
Unemployemnt Benefits for Business Owners

Coronavirus: Business Owners Can File for Unemployment

As the greater impact of coronavirus COVID-19 continues to worsen, it is important to stay up-to-date with the potential repercussions as a business owner. This year’s tax filing deadlines have been extended to July 15th which will offer…
IRS Delays Tax Payments

IRS Extends Deadline to Pay [and File as of 3/18] Taxes to July 15, 2020

This article was edited on 3/18 to reflect the update from IRS that businesses now have an extension not only pay but also to file taxes. IRS Extends deadline to PAY AND FILE taxes to July 15 for most individuals and businesses. The…