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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How IRS Criminal Investigations Start

IRS Criminal Investigations, How They Begin and Why IRS Criminal investigations begin with a suspicion of fraud and violations of: Internal Revenue Code Bank Secrecy Act Money laundering statutes ...Among others. When IRS determines there…
International business

New Requirements For IRS Form 5472 (for Foreign Shareholders & Corporations)

Perception of the requirements for IRS Form 5472 for foreign businesses are influenced by the globalization of the economy. In the tech world we currently live in, the internet has almost eliminated country boundaries and has allowed foreign…
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Precision & Attention to Detail Are The Hallmarks of Milikowsky Tax Law

John's level of precision and attention to detail is unmatched. At Milikowsky Tax Law, we partner with CPA firms to provide the highest level of service and support to their clients in case of IRS Audit, EDD investigation or other tax controversy…
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What to Do if You Are Contacted by IRS Criminal or FBI

If an IRS agent shows up at your door what should you do? When IRS or FBI conduct a criminal investigation into a company's taxes they often show up unannounced at that company's place of business or, at the home of the company's controlling…
Ride Share Drivers Are among those who will be impacted by AB-5

AB-5’s Potential Impact

The Potential Consequences of AB-5: The potential impact of AB-5 on workers, employers, and consumers may be far reaching. The US Government requires all employers to verify that employees are eligible to work in the United States. …
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AB-5 Exemptions: Not So Fast!

CA AB-5 Exemptions: Not So fast! California Assembly Bill 5 (AB5) has built in exemptions for many businesses.  We say "Not So Fast"! Even exempted industries have to adhere to the OLD criteria for classifying 1099 contractors. …
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Can Your 1099’s Open You up to an Edd Audit?

If you have multiple 1099s you could find yourself a target of an audit or investigation by California EDD. Businesses with multiple 1099s may have inadvertently opened themselves up to EDD audit or investigation.  AB_5, the "Gig Work…
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Business Tax Rates – What You Will Pay

What You will pay in Corporate or Business Tax Rates is calculated on your company’s profits. Depending on your business entity type your business taxes are due at different times and can be charged at different rates.  Partnerships and…
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Must-Know Tips For International Tax Planning

As an individual working in or earning income from abroad, international tax must be on your mind quite a lot. And understandably so – with the globalization of the market came a more complex taxation system, especially in the domain…
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Do Green Card Holders Pay Taxes?

America was built on immigration, and the promises of our Constitution were written as universal for all people. Even so, immigration into the U.S. has long been a political issue—and lately it has become even more contentious—so it's important…
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Offshore Voluntary Disclosure Program (OVDP)

Offshore Voluntary Disclosure Program (OVDP) There are many different tax provisions that affect international financial transactions. The Internal Revenue Service (IRS) is beginning to pay far closer attention to these matters, leading…

FATCA Reporting And Filing Requirements

[siteorigin_widget class="SiteOrigin_Widget_Image_Widget"][/siteorigin_widget] In 2010, the United States created a federal law to combat foreign asset tax evasion called the Foreign Account Tax Compliance Act (FATCA). FATCA reporting applies…