Rivero CPA

September 17, 2018

Don’t let the government catch you by surprise. The following IRS deadlines are ahead: Sept. 17 – Third-quarter estimated income tax payments Sept. 17 – Income tax returns for calendar year partnerships and S corporations on extension Sept. 20 – New York second-quarter sales tax ...

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The 2019 New Jersey budget that Governor Phil Murphy recently agreed to contains changes and tax increases for businesses. The reforms are quite complex. A few key highlights: An increase in the income tax rate to 10.75 percent for taxpayers with income of $5 million and ...

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The IRS plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season. The new 1040 – about half the size of the current version – would replace the current Form 1040 as well as the Form 1040A and the Form 1040EZ.    This new approach will simplify the 1040 so that ...

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Last year, the President signed legislation that repealed the “penalty tax” for not having health insurance for tax years beginning on or after Jan. 1, 2019.   On May 31, Governor Murphy signed into law the “New Jersey Health Insurance Market Preservation Act,” which establishes a “shared ...

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