{"id":3396,"date":"2018-12-07T03:23:51","date_gmt":"2018-12-07T03:23:51","guid":{"rendered":"https:\/\/www.ua-cpas.com\/blog\/?p=3396"},"modified":"2019-01-10T04:28:02","modified_gmt":"2019-01-10T04:28:02","slug":"nj-tax-amnesty-program","status":"publish","type":"post","link":"https:\/\/www.ua-cpas.com\/blog\/index.php\/2018\/12\/07\/nj-tax-amnesty-program\/","title":{"rendered":"NJ Tax Amnesty Program -Running Now!"},"content":{"rendered":"

\u00a0<\/span><\/p>\n

The Clock is Ticking\u2026<\/b>NJ Tax Amnesty<\/b>\u00a0<\/b>Program Runs Through Jan<\/b>. 15, 2019<\/b>\u00a0\u00a0<\/span><\/p>\n

\"\"
Gift from State of NJ<\/figcaption><\/figure>\n

Businesses and individuals\u00a0with\u00a0unpaid\u00a0NJ\u00a0tax liabilities may be able to get a break on penalties\u00a0under the\u00a0Amnesty Program\u00a0 which is in effect from\u00a0November 15, 2018<\/b><\/span>\u00a0through\u00a0\u00a0January 15,<\/span> 2019<\/span><\/b><\/span>.<\/span>\u00a0\u00a0The measure\u00a0applies\u00a0to all state taxes including\u00a0 gross income,\u00a0\u00a0 corporate business tax and sales and use tax.\u00a0\u00a0However, it does not apply to unemployment\u00a0 type taxes\u00a0administered by the Department of Labor.\u00a0\u00a0\u00a0<\/span><\/p>\n

\u00a0W<\/b><\/span>hy should I do this now?<\/span>\u00a0<\/b>Because under this limited-time offer the Division of Taxation will\u00a0forgive all penalties, and one-half of the accrued interest due\u00a0at\u00a0Nov.\u00a01, 2018.\u00a0<\/span><\/p>\n

\u00a0<\/span>Here are some\u00a0<\/b>of the\u00a0<\/b>details<\/b>\u00a0<\/span><\/p>\n

    \n
  • NJ Amnesty will provide relief for 2008\u00a0\u2013 2016 delinquent individual or business tax return filers.\u00a0<\/span><\/li>\n
  • Requests for amnesty\u00a0must\u00a0be filed electronically\u00a0<\/span><\/li>\n
  • The Division of Taxation recently mailed\u00a0a letter to all taxpayers who are known to have amnesty-eligible deficient and\/or delinquent accounts\u00a0<\/span><\/li>\n<\/ul>\n
      \n
    • If you didn\u2019t receive a letter and you want to participate, you will need to register or self-report through the Non-Outreach Portal\u00a0<\/span><\/li>\n
    • Federal tax liabilities are not included under the program\u00a0<\/span><\/li>\n<\/ul>\n

      \u00a0<\/span>Is there a hitch?<\/span>\u00a0<\/b>Sort of.\u00a0The bad news\u00a0is that if a\u00a0taxpayer is eligible for amnesty and does not take advantage of it, an additional 5%\u00a0penalty will be added to the already imposed penalties and interest\u00a0on the original\u00a0tax liability.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n

      To see if this program might be right for you,\u00a0please contact our Tax Manager, Steven Citron.\u00a0\u00a0\u00a0<\/span><\/p>\n

      \u00a0<\/span><\/p>\n

      \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

      \u00a0 The Clock is Ticking\u2026NJ Tax Amnesty\u00a0Program Runs Through Jan. 15, 2019\u00a0\u00a0 Businesses and individuals\u00a0with\u00a0unpaid\u00a0NJ\u00a0tax liabilities may be able to get a break on penalties\u00a0under the\u00a0Amnesty Program\u00a0 which is in effect from\u00a0November 15, 2018\u00a0through\u00a0\u00a0January 15, 2019.\u00a0\u00a0The measure\u00a0applies\u00a0to all state taxes including\u00a0 gross income,\u00a0\u00a0 corporate business tax and sales and use tax.\u00a0\u00a0However, it does not apply […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,14,39,20,23,24],"tags":[113,149,167],"class_list":{"0":"post-3396","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-small-business-forum","7":"category-medical-practices","8":"category-payroll-taxes","9":"category-staffing-agencies","10":"category-taxes","11":"category-taxes-medical-practices","12":"tag-individual-income-taxes","13":"tag-nj-income-taxes","14":"tag-payroll-taxes","15":"entry"},"_links":{"self":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/3396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=3396"}],"version-history":[{"count":6,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/3396\/revisions"}],"predecessor-version":[{"id":3428,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/3396\/revisions\/3428"}],"wp:attachment":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=3396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=3396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=3396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}