The State of New Jersey has announced a tax amnesty program. The program will run through January 15, 2019. Taxpayers with unpaid liabilities can their pay back taxes and New Jersey will waive all penalties and half of the interest on the past-due balances.
Amnesty only applies to outstanding tax filings or payments that are reportable on a tax return due on or after February 1, 2009 and prior to September 1, 2017.
The full principal and half of the interest balance must be paid in order to have the State waive the penalties. They will NOT accept installment agreements to waive penalties and interest.
Any unpaid balances as of January 15, 2019 will be subject to an additional 5% penalty that cannot be abated.
All unfiled returns must be filed before New Jersey will accept any payments.
If you think you may have unfiled returns or have outstanding liabilities with New Jersey, please contact us so we can assist you with the amnesty program.