Need a rescue from the penalties of unpaid taxes?
If your business is sinking into debt from accruing penalties of unpaid State taxes, let New Jersey Tax Amnesty come to your rescue. Now through June 15, you can wipe the slate clean and settle your State tax debt with no penalties, and with less interest.
It’s a program that has the potential to save your business thousands of dollars in 2009.
But if you want to take advantage of this offer, you’ll have to act fast, because when the Tax Amnesty period ends, additional fees, interest and collection costs will be imposed, and the New Jersey Division of Taxation will pursue these outstanding debts aggressively, as authorized by law.
Getting started
To learn more about New Jersey Tax Amnesty, as well as finding all the necessary paperwork to get started, visit the New Jersey Tax Amnesty Web site, TaxAmnesty.nj.gov. You can also get specific questions answered at our toll-free Tax Amnesty Hotline, 800-781-8407. Hotline hours of operation are 8:00 AM to 8:00 PM, Monday through Friday, and 8:00 AM to 4:00 PM on Saturdays.
Virtually everyone throughout the country is impacted by the current tough economic environment. More and more, businesses and individuals are struggling to stay afloat with the accrual of high penalties and interest because of unpaid State taxes. That is one of the main reasons for this limited Tax Amnesty—to bring relief to those experiencing economic anxiety and uncertainty.
Below are the answers to some New Jersey Tax Amnesty Frequently Asked Questions:
What tax periods are included?
Tax liabilities incurred for tax returns due on or after January 1, 2002 and prior to February 1, 2009, are eligible for Amnesty.
If I participate in Tax Amnesty, do I become an audit target or do my chances for audit increase?
No. Participation in Tax Amnesty neither increases nor decreases your chances for audit selection.
How do I obtain Amnesty?
You must read and execute a Payment/Waiver Statement and file any outstanding tax return(s) and pay the Amnesty Amount Due (all taxes and required interest) on or before June 15, 2009. The Payment/Waiver Statement is your agreement that you owe the tax and acknowledges understanding that you waive your right to appeal.
What taxes are not eligible for Amnesty?
Any tax not administered and collected by the Division of Taxation is not eligible for Amnesty. Some examples of taxes not eligible for Amnesty are:
- SOIL (Set-Off of Individual Liability) debts from agencies other than the Division of Taxation
- Local Property Taxes
- Fees imposed by the Secretary of State’s Office, such as the annual fee for corporations, and reinstatement fees
- Payroll taxes owed to the Department of Labor [Note: Although employers report Unemployment Insurance (UI), Disability Insurance (DI), Healthcare Subsidy (HC) and Workforce Development (WF) payroll taxes on the Employer’s Quarterly Report (NJ-927), these payroll taxes are owed to the Department of Labor and are not eligible for NJ Tax Amnesty. The only employer-withheld payroll tax for which liabilities are Amnesty-eligible is the New Jersey Gross Income Tax (reported on line 7 of NJ-927).]
- Federal Liabilities
- Motor Carriers Road Use Taxes
- Realty Transfer Fee
Our mailing address is:
New Jersey Division of Taxation
50 Barrack Street
Trenton, New Jersey 08695
