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New Jersey: Not Tax Amnesty

  • Sep 22, 2014 | Gail Cole

 Pay your delinquent New Jersey taxes.

New Jersey needs more revenue. It brought in approximately $1.3 billion less than expected in FY 2013-14 and it anticipates another revenue shortfall in the next fiscal year. As a result, people with outstanding tax liabilities are being given a break.

This is not a tax amnesty program. Repeat: this is not a tax amnesty program. Governor Chris Christie (R) “opposes using an amnesty program to get a shot of revenue.”

However, a program announced on September 17, reduces penalties for participating taxpayers who pay the taxes they owe (plus interest) in full by November 17, 2014.

The New Jersey Division of Taxation has a new page on its website: Looking for an Easy and Convenient Way to Resolve Unpaid Tax Liabilities with New Jersey? It explains that for a limited time only, “the New Jersey Division of Taxation is offering businesses and individuals that have unpaid tax liabilities from tax periods 2005 through 2013 an easy way to request and enter into a closing agreement with the Division in order to satisfy outstanding tax liabilities” (emphasis theirs).

Certain taxpayers have been sent letters from the Division of Taxation “with a Schedule of Liabilities showing a REDUCED AMOUNT...” (emphasis theirs). These taxpayers “are ready to move ahead and resolve" their debt. Taxpayers who did not receive such a letter are advised to visit a regional office of the Division of Taxation to inquire if they are eligible to reduce their debt.

Taxpayers who do not pay the balance due in full by November 17, 2014, will not be able to benefit from the program’s advantages:

  • Reduced penalties
  • Eliminated costs of collection
  • Recovery fees

In addition, further collection activity may be pursued.

See the Division of Taxation for additional information. Then consider adding automated sales tax software to your business. Learn more.

photo credit: StockMonkeys.com via photopin cc

Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Gail Cole
Avalara Author
Gail Cole
Gail Cole
Avalara Author Gail Cole
Gail began researching and writing about sales tax in 2012 and has been fascinated with it ever since. She has a penchant for uncovering unusual tax facts, and endeavors to make complex sales tax laws more digestible for both experts and laypeople.