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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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…
man on phone going over statement

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…
SSN and green cards

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…
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Infographic: Contractor vs Employee What is the Difference?

Employee vs Contractor: How You can be sure your 1099s are correctly classified. How you hire a worker determines whether they are a W-2 wage earner or a 1099 contractor. Among the criteria used to determine employee vs contractor status…
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Business Tax Rates: What Should You Expect To Pay?

Corporate or Business Tax is a tax charged on a company’s profits. Depending on your business entity type your taxes are due at different times.  Partnerships and S-corporations are due 3/15 while individual taxes and C-corps are…
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1099 Worker Misclassifications

Paying all the fringe benefits necessary to hire a W-2 employee is a heavy burden for many small business owners.  And while it is the law, many small business owners will intentionally misclassify workers as 1099s to avoid those payroll…
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YOUR DEFINITIVE GUIDE TO California EDD Audits, The Dynamex Case and Independent Contractor Classification

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taxpayer reviewing IRS audit

OFFERS IN COMPROMISE

Government collection activity can hurt a company’s credit and ability to borrow funds needed to operate a business. Understanding your legal rights and taking correct and immediate action may be the difference between a business that…