Taxation

Intestate succession in California refers to the probate process that distributes property and assets when someone dies without a will or when someone passes away and hasn’t included certain assets in the will or another estate planning instrument. When an estate becomes intestate, that estate is subject to intestacy laws, which are also known as California next-of-kin laws. In

Receiving a denial letter for the Employee Retention Credit (ERC) from the IRS can be stressful, but taking immediate and strategic action can help minimize potential financial consequences. 

Here are the steps you should follow to address the situation effectively.

1. File an Appeal Within 30 Days

The first and most urgent step is to file an appeal. The IRS

When a loved one passes away, navigating the legal and financial maze of settling their estate can be overwhelming. Whether someone has named you an executor or an estate administrator, both roles have significant responsibilities. However, while many people use these terms interchangeably, there are key differences about an estate administrator vs. executor, particularly when it comes to when and

In 2021, a new anti-money laundering law introduced the Beneficial Ownership Information (BOI) Requirement, mandating certain companies to disclose information about their ownership and control to the Financial Crimes Enforcement Network (FinCEN). 

John Milikowsky, Founder of Milikowsky Tax Law, weighs in on what businesses need to know to stay compliant and avoid hefty penalties:

The BOI requirement aims to combat

When Mykel R., founder of Create the Lab, found himself facing an EDD audit, he quickly realized that the process was more complex than he initially thought. The stakes were high, and it was clear that expert help was needed. With the support of Milikowsky Tax Law, Mykel’s experience became far more manageable and less intimidating than he had imagined.

Create the Lab, an event and film production studio in Hawthorne, California, was audited by the California Employment Development Department (EDD), founder Mykel feared a significant financial blow. But with the expert guidance of Milikowsky Tax Law, the experience turned into an opportunity to improve his business operations.

Watch the video below to hear Mykel’s firsthand account of navigating the

Facing an audit from the California Employment Development Department (EDD) can be daunting for any business owner, especially when it involves potential 1099 worker misclassifications. The process is complex, the stakes are high, and the regulations are difficult to navigate without expert guidance.

That’s why it’s critical to take swift action when the EDD comes knocking. Watch the video below

The 2024 1099 filing deadline is January 31, 2025. Preparing and submitting these forms accurately is not just about compliance—it’s about safeguarding your business from significant penalties and potential audits.

Understanding who needs to file, what transactions are reportable, and the common pitfalls can help you stay on track.
Why Filing 1099s is Important
Filing 1099s is a regulatory requirement

Dealing with an IRS letter can be stressful, but understanding the process and responding appropriately can help resolve the issue quickly. Let’s break down how to handle a correspondence audit, one of the most common types of IRS audits, step by step.

Types of IRS Audits

The IRS conducts three types of audits:

  • Correspondence Audit: Conducted by mail, this is
  • When a loved one dies, managing their estate can be complex and emotional. Depending on the circumstances, one of the critical roles involved in this process can be the estate administrator. The administrator of an estate is appointed by a local probate court to oversee the estate administration and manage the estate through the probate process. But what does an