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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What Are Back Taxes and How Do They Affect My Business?

  Back taxes occur when business or personal taxes are not filed and paid in full by their due date each year. They continue to accrue interest for as long as they remain unpaid, and many can incur a number of additional penalties as well.…
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6 Tax Code Updates That Could Affect You

Millions of Americans overpay on their taxes each year, simply because they don't understand how the system works. Since new tax reforms were passed in December 2017, it’s more important than ever to understand how the tax system could affect…
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Get a Head Start on the New Tax Laws for the 2018 Season

The April 2019 deadline for filing your 2018 taxes probably seems far in the future, but if you start preparing for the filing process now, you’ll save yourself a lot of stress closer to the deadline. Here’s a handy guide to the new tax…
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6 Mistakes to Avoid When Filing Your Taxes

Understanding tax rules is complicated. In 2018, the launch of the new tax reform means that US citizens now have a host of unfamiliar rules and regulations to keep up with — beneficial or not, any change in the rules can increase the stress…
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4 Consequences of Unpaid Business Taxes

Millions of dollars in penalties are doled out by the Internal Revenue Service (IRS) each year. With the majority of which are attributed to businesses that failed to file taxes or pay payroll taxes. It’s important to understand compliance…
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5 Common Mistakes Businesses Make When Filing Taxes

We all make mistakes. But in the tax world, even the smallest mistake could cause a huge problem for your business. An error or problem with your tax return could mean late processing — which could result in a delayed refund — an IRS audit,…
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Real Estate Investors: New Yearly Reporting Requirements

California law obligates owners of real estate investment property in California who later acquired non-California property in a 1031 exchange to file an annual informational tax return. [1] California requires this yearly filing to track…
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What is Corporate Tax Compliance?

For any business to succeed, it must follow the laws and regulations associated with it. Your business stays compliant when all employees — from the CEO down — are aware of what laws the company needs to adhere by. It’s essential to…
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What to Expect from Your Upcoming EDD Audit

The State of California’s Employment Development Department (EDD) is responsible for collecting employment payroll taxes to fund and administer unemployment and disability insurance, paid family leave, and other state programs. Beyond tax…

What Is an Offer in Compromise?

When you owe the Internal Revenue Service more than you can reasonably afford to pay, they may be willing to negotiate with you. That’s where an Offer in Compromise (OIC) can help mitigate your financial burden in this situation. An OIC…
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When Do I Need a Tax Attorney and When Do I Need a CPA?

It can be complicated to know when to contact a tax attorney versus when to reach out to a CPA, especially when you need help with your taxes. Both professionals can help you with tax-related issues, but despite their similarities, a tax attorney…
Business owners should be aware of the common mistakes when hiring and working with 1099 independent contractors
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6 Mistakes Businesses Can Make When Hiring and Working With Independent Contractors

Business owners hire independent contractors to help with specialized or contracted work. But, as a business owner, if you find yourself engaging in what may be considered an ‘employer-employee relationship’ with your independent contractor…