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Important Tax Issues that Affect Immigration Applications and Businesses

In this episode, host Kaushik Ranchod is joined by John Milikowsky. John is the Founder and Senior Attorney at Milikowsky Tax Law. Prior to that John was a manager and owner of several small businesses for 20 years. John was named one of the top 3 San Diego tax attorneys by the San Diego Tribune.

What are the tax implications for immigrants, and what are some common mistakes people make in tax preparation?

Listen in this week as Kaushik Ranchod and John Milikowsky talk about what immigrants can do if they have a foreign bank account, how recent changes in the Trump Administration affects the tax laws, and some common mistakes that happen around tax preparation.

Here’s a glimpse of what you’ll learn: 

  • [2:52] What to do when an immigrant has a foreign bank account
  • [5:18] Foreign banks are required to report US bank accounts to the US Treasury
  • [6:57] What made John want to be a tax attorney?
  • [10:09] How Trump Administration changes affect the tax laws for immigrants
  • [15:15] The National Interest Waiver and taxes
  • [18:06] Mistakes small businesses make in tax preparation
  • [20:49] Information shared with a CPA is not protected
  • [22:24] People often don’t report their income

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Sponsor for this episode

Ranchod Law Group has a mission to provide freedom and prosperity for immigrants and help more businesses to connect to top talent. The Ranchod Law Group believes that immigrants add tremendous value to the US economy seek to help companies grow with help from the immigrant talent that can contribute to their bottom line. 

They also help immigrants navigate the complicated immigration process today. Ranchod Law Group has been in business for nearly 20 years in Northern California and serves clients nationwide. Contact Ranchod Law Group today for details on how the firm can help you to solve your immigration challenges. You can visit Ranchod Law Group or call 916-613-3553 or email info@ranchodlaw.com.


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