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New Jersey Tax Relief January 2019

The New Jersey Division of Taxation reminds taxpayers to take advantage of the New Jersey Tax Amnesty program as the January 15 deadline is fast approaching. Tax Amnesty provides individuals and businesses with the opportunity to pay back taxes or file past returns with no penalties and reduced interest, but Tax Amnesty payments must be paid no later than January 15.

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The New Jersey Tax Amnesty Program began on November 15, 2018 and ends on January 15, 2019. Tax amnesty is only available for State tax liabilities for tax returns due on or after February 1, 2009, and before September 1, 2017.

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No Penalty and Reduced Interest
The program offers a waiver of most penalties, Referral Cost Recovery Fees, or cost of collection fees and one-half of the balance of the interest that remains due as of November 1, 2018. Civil fraud penalties and criminal penalties will not be waived.

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In order to receive tax amnesty, a taxpayer must pay the outstanding tax due and remaining one-half of the related interest by the end of the amnesty period. In addition, the taxpayer must file all delinquent returns. Payments made through amnesty are not eligible for refund or credit. Taxpayers participating in amnesty will no longer have the right to appeal the amount paid.

“Thousands of New Jersey taxpayers have already taken advantage of the benefits of the Tax Amnesty program but time is running out,” said John Ficara, acting director of the Division of Taxation. “We strongly urge anyone who qualifies for amnesty to take advantage of the program by the January 15 deadline, to avoid incurring greater penalties.”

Taxpayers who do not take advantage of Amnesty before January 15 will incur a five-percent penalty that cannot be waived or abated. This is in addition to all other penalties, interest and other costs authorized by law.

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Eligibility
Most taxpayers with an outstanding New Jersey tax liability for any tax return due on or after February 1, 2009, and before September 1, 2017, are eligible for tax amnesty.

• A taxpayer who has filed an administrative or judicial appeal related to a tax assessment may request tax amnesty, but it will only be granted with the Director’s approval.

• A taxpayer who has been notified by the Office of Criminal Investigation in the Division of Taxation that he or she is under criminal investigation for a State tax matter, or a taxpayer who has been charged with a State tax matter (as certified by a county prosecutor or the Attorney General) is not eligible for tax amnesty unless the Office of Criminal Investigation certifies to the Director that the State tax matter involving that person was resolved.

• A taxpayer is not eligible for tax amnesty for a tax that is not administered and collected by the Division.

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Post Amnesty Penalty
If a taxpayer is eligible for, but chooses not to take advantage of tax amnesty, an additional 5% penalty, which the Division cannot waive or abate, will be imposed on any eligible amount not resolved during the amnesty period.

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Filing for Tax Amnesty
Visit the New Jersey Tax Amnesty website to view your outstanding liability (Amnesty ID and PIN required).

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To obtain tax amnesty, you must:
• File all required tax returns electronically, if available;

• Make full payment for amnesty eligible taxes, plus one-half of the balance of interest due electronically; and

• Acknowledge the payment/waiver statement before January 15, 2019, the end of the Tax Amnesty period.

If your tax returns cannot be filed electronically, you can still make full payment and acknowledge the payment/waiver statement online.

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Mail paper tax returns to:

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New Jersey Division of Taxation
Tax Amnesty
50 Barrack Street
PO Box 286
Trenton, NJ 08695-0286.

All filings delivered by mail must be postmarked by midnight on January 15, 2019, or delivered to the Division of Taxation by the close of business on January 15, 2019.

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