Milikowsky Tax Law Blog

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Latest from Milikowsky Tax Law Blog

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Why Does IRS Want to Look into Your Bank Account?
Personal checking accounts are private individual accounts people use to hold money received. It’s

What is a CP 2000?
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IRS sends audit letters to taxpayers when tax returns and reported data from employers or banks do not match. This

 
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How much should you pay for a tax attorney? It depends on the issue you’re facing. If you’re a business owner, you can expect to pay a little

 
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California residents and business owners in the state who are audited by IRS have a responsibility to report their IRS audit findings to the California Franchise Tax Board. 

If your business is experiencing an EDD audit, it’s important to know what to expect. Founder and managing attorney at Milikowsky Tax Law, John Milikowsky, breaks down the EDD audit process and the frequently asked questions that come with an EDD audit. 
John explains, “What you can expect from us, whether you have a balance owed to the IRS or

Starting a business rarely begins with a strategic checklist of all of the resources necessary to run and scale successfully. Rather, many, if not most businesses start because the founder has a passion or skill that is exceptional and in-demand and they grow from there.  Because of this, many business owners find themselves at strategic points in their growth with

We are grateful to our client, Vince B., for sharing his story of how we were able to help him weather an EDD audit. This audit could have closed his business and had far-reaching repercussions for his personal finances as well as business finances.
In 2020, Vince was hit with an EDD audit that threatened to not only shut down

Employment Development Department (EDD) and California Contractors State License Board (CSLB) audits both expose your business to fines and penalties if the agency finds you noncompliant with the strict regulations and policies they have in place for classifying 1099 independent contractors. 
Both CSLB and EDD perform site sweeps that can initiate an audit of your construction business.  CSLB is focused

General contractors who hire unlicensed workers and unlicensed subcontractors put themselves at risk for potential criminal action by the local District Attorney (DA) and they risk receiving a stop work order from California Contractor State Licensing Board (CSLB) if and when that agency performs a site sweep.
 
A site sweep occurs when and one of several government agencies, including

The Internal Revenue Services (IRS) works swiftly when taxpayers fail to pay taxes on time, or at all. Failure to pay or late payment of taxes triggers an IRS notification to you or your business of noncompliance, and outlines the necessary steps to rectify that noncompliance. When those warnings are not acted on, further consequences and penalties ensue. Non payment