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NJ Tax E-News 1/12/21

NJ Tax E-News 1/12/21

2020 TAX FORMS
2020 Income Tax Returns – https://www.nj.gov/treasury/taxation/prntgit.shtml
2020 Partnership Returns – https://www.nj.gov/treasury/taxation/prntgit.shtml
IMPORTANT CHANGES FOR 2020
https://www.nj.gov/treasury/taxation/new2020.shtml
COVID-19 RELATED TAX INFORMATION
All COVID-19 related tax information (this page is updated frequently).
https://www.state.nj.us/treasury/taxation/covid19.shtml
UPDATED GUIDELINES FOR INSURANCE GUIDANCE PROVIDERS AND EMPLOYERS
The New Jersey Health Insurance Market Preservation Act requires most state residents to maintain
health coverage.
https://nj.gov/treasury/njhealthinsurancemandate/
ELECTRONIC FILING MANDATE FOR ALL W-2S AND 1099S
Beginning with Tax Year 2020, The Division of Taxation is requiring mandatory electronic filing for W-2s
and 1099s. The mandate includes Forms NJ-W-3, W-2, W-2G, 1094/1095, and all types of 1099s.
https://www.nj.gov/treasury/taxation/git/efilemand.shtml
CORPORATION BUSINESS TAX
Changes and Corrections to the Corporation Business Tax and Other Taxes/Fees Pursuant
P.L. 2020, c. 118 (Chapter 118), which was signed into law on November 4, 2020, made a series of
technical corrections, clarifications, and changes to legislation affecting the Corporation Business Tax Act
(CBT). This Technical Bulletin summarizes the changes and categorizes them by effective date.
https://www.nj.gov/treasury/taxation/pdf/pubs/tb/tb97.pdf
PROPERTY TAX RELIEF PROGRAMS
SENIOR FREEZE (PROPERTY TAX REIMBURSEMNT)
2019 Senior Freeze Property Tax Reimbursement deadline extended again. The application deadline
was extended to February 1, 2021.
Current program information can be found at:
https://www.state.nj.us/treasury/taxation/ptr/index.shtml
HOMESTEAD BENEFIT
2017 Homestead Benefit payments will be paid to eligible taxpayers beginning in May 2021.
Current program information can be found at:
https://www.state.nj.us/treasury/taxation/homestead/geninf.shtml
PASS-THROUGH BUSINESS ALTERNATIVE INCOME TAX ACT
P.L.2019, c.320 enacted the Pass-Through Business Alternative Income Tax Act, effective for tax years
beginning on or after January 1, 2020. For New Jersey purposes, income and losses of a pass-through
entity are passed through to its owners. However, the law allows pass-through entities to elect to pay
tax due on the owner’s share of distributive proceeds. The owner(s) may then claim a refundable tax
credit for the amount of tax paid by the pass-through entity on their share of distributive proceeds.
https://www.nj.gov/treasury/taxation/baitpte.shtml
https://www.nj.gov/treasury/taxation/baitpte-faq.shtml
LOCAL PROPERTY TAX
Statistical Data: Updated listings under Abstract of Ratables, Average Residential Assessment, Common
Level Ranges (Chapter 123), General Tax Rates by County and Municipality, and Grantor’s Listing
https://www.state.nj.us/treasury/taxation/lpt/statdata.shtml
PUBLIC AUCTIONS
Listings for current Division of Taxation Public Auctions
https://www.state.nj.us/treasury/taxation/auctions.shtml
PLEASE DO NOT REPLY TO THIS MESSAGE.
If you have a question about any of the taxes and programs administered by the Division of Taxation,
click on https://www.state.nj.us/treasury/assets/contact/taxation/contact-taxation.shtml to send an
email.
To view, complete, and print our fill-in forms, Adobe Acrobat Reader Version 8.16 or higher is required
(Version 9.0 or higher recommended). To view and print our publications Adobe Reader Version 4.0 or
higher is required (Version 9.0 or higher recommended). If you do not have Adobe Reader installed on
your computer, use this link to download a free copy now: http://get.adobe.com/reader/otherversions/
NJ Division of Taxation
50 Barrack Street
Trenton, New Jersey 08695

New York State Tax Professional Newsletter 01/15/21

New York State Tax Professional Newsletter 01/15/21


Tax Department response to novel coronavirus

New York State tax implications of the federal CARES Act

The federal Coronavirus Aid, Relief and Economic Security (CARES) Act, and the Consolidated Appropriations Act contained a number of tax provisions that impact the computation of taxable income, modify eligibility for certain tax credits, and provide assistance to taxpayers and businesses affected by COVID-19. Visit New York State tax implications of the federal CARES Act to learn more about the impact on New York State tax returns.

Additional sales tax relief

Sales tax returns and payments for the period September 1 through November 30 were due December 21, 2020. However, penalty and interest may be waived if your client was unable to file and pay on time and is principally engaged in business:

  • as a restaurant or other food service establishment in New York City that had to suspend indoor dining due to Executive Order 202.81, or
  • as a restaurant or other food service establishment that had to suspend indoor dining due to the Governor’s Executive order 202.68 because you are located in an area that was a designated Orange Zone on December 18, 2020.

Your client’s return must be filed and the total amount due must be paid by March 22, 2021, for this relief to apply. This relief does not apply to vendors enrolled in PrompTax for sales and use tax.

 

Visit Tax relief for quarterly and part-quarterly (monthly) sales tax vendors affected by COVID-19 to request relief from penalty and interest.

 


Reminder to verify paid preparer signature

Verify the Paid preparer signature section of your tax professional software. You must enter a New York Tax Preparer Registration Identification Number (NYTPRIN) or an exclusion code for all returns you prepare. (For a list of exclusion codes, view Form IT-201-I, Instructions for Form IT-201 Full-Year Resident Income Tax Return, or Form IT-203-I, Instructions for Form IT-203 Nonresident and Part-Year Resident Income Tax Return.) Do not report an expired NYTPRIN or exclusion code.

 

Visit Tax preparer registration to learn whether you must register as a tax preparer.

 


New forms

Most 2020 forms have been posted to our website, including the following new forms:

  • Form IT-558, New York State Adjustments due to Decoupling from the IRC
  • Forms IT-651 and CT-651, Recovery Tax Credit
  • Forms IT-652 and CT-652, Employer-Provided Childcare Credit

Visit Numerical list by form number for income tax to view the 2020 forms and instructions.

 


Changes to long-term care insurance credit

For tax years beginning on or after January 1, 2020, Form IT-249, Long-term Care Insurance Credit, has been amended to allow a taxpayer (including nonresident and part-year resident taxpayers) to claim the credit only if the taxpayer’s New York adjusted gross income is less than $250,000. In addition, the credit amount cannot exceed $1,500.

 

For more information on this credit, visit Long-term care insurance credit.

 


Notification of underpayment of estimated tax penalty

Your client may receive a Notice and Demand, with rights, if they did not prepay income tax as they earned or received income during the tax year. Your client may be charged a penalty on the amount of estimated tax that was not paid or was paid late during the year (either through estimated tax payments, withholding tax, or a combination of the two).

 

The underpayment penalty applies if your client’s 2020 withholding and estimated tax payments are not at least the smaller of:

  • 90% of the tax shown on their 2020 return, or
  • 100% of the tax shown on their 2019 return (110% of that amount if your client is not a farmer or a fisherman and the New York adjusted gross income [NYAGI] [or net earnings from self-employment allocated to the MCTD] shown on that return is more than $150,000 [$75,000 if married filing separately for 2020]). Your client must have filed a return for 2019 and it must have been for a full 12-month year.

If your client agrees with the assessment, simply pay online or pay using the payment coupon included with the bill. If your client disagrees, respond with all applicable documentation by the date stated on the first page of the bill. Submit the response online, by mail, or by fax.

 

For more information about this penalty, visit Penalty for underpaying your estimated tax.

 


Notification of missing retirement contribution information

Your client may receive a Statement of Proposed Audit Changes (SOPAC) if your client:

  • is a member of a public employee retirement system (such as the New York State and Local Retirement System), and
  • made 414(h) retirement contributions to their retirement plan but did not report the contributions as a New York addition to federal adjusted gross income on their New York State income tax return; or
  • participates in a New York City Flexible Benefits program (IRC 125), and
  • did not report the amount deducted or deferred from their salary under the program as a New York addition to federal adjusted gross income on their New York State income tax return.

For more information about these adjustments, visit Public employee 414(h) retirement contributions and New York City flexible benefits program (IRC 125).

 

If your client agrees with the SOPAC, simply pay online or pay using the payment coupon included with the notice. If your client disagrees, respond with any applicable documentation by the date stated on the first page of the bill. Submit the response online, by mail, or by fax.

 


School Tax Relief (STAR) credit reporting

If your client received a STAR credit in 2020 and will be itemizing deductions, they may be required to report the STAR credit amount on their 2020 income tax return.

 

To learn more, visit How to report your property tax credit. Your clients can also use our Property Tax Credit Lookup to verify they received a check for 2020.

 


Launch of Alcoholic Beverages Tax (ABT) Web File

Beginning with returns due January 20, 2021, if you’re a registered distributor, you can electronically file your alcoholic beverages tax returns and accompanying attachments using our Alcoholic Beverages Tax (ABT) Web File.

 

For general information about ABT, visit our updated page: Alcoholic beverages tax.

 


E-file mandate

If you’re a tax preparer, you are required by law to e-file all New York State personal income tax returns you prepare. For information about New York State’s e-file mandate, visit Tax preparer e-file mandate.

 


Keep up with tax changes

The Tax Professional Newsletter is a monthly summary of recent changes and new information. To receive updates as we announce them, subscribe to new tax topics as we add them to our Subscription Service. We’ll share links to new resources and tax tips as they become available.

 

Recently added topics include:

  • Partnerships
  • Tax tips for property owners
  • Online Services for taxpayers
  • Información en Español

Upcoming due dates

 

Today (1/15/21):

  • personal income tax (and MCTMT, if applicable) estimated tax payments for 4th quarter of 2020
  • partnership and LLC estimated tax payments for 4th quarter of 2020 (New York State and MCTMT, if applicable) (for payments required to be made on behalf of nonresident partners and members and C corporations)
  • S corporation estimated tax payments for 4th quarter of 2020 (for payments required to be made on behalf of nonresident shareholders)
  • personal income tax estimated tax payment corrections for shareholders of corporations subject to mandatory S corporation filing

 

01/20/21: Sales tax returns for monthly filers

 

02/01/21:

  • employers’ quarterly MCTMT returns
  • employers’ quarterly combined withholding, wage reporting, and unemployment insurance returns

 

Stay on top of due dates; bookmark our tax calendar.

Visit View demos and videos to watch our demos and to learn more about our online services.

Contact us

Tax Practitioner Hotline: 518-457-5451

Resource center: Tax professionals

New York State Tax Professional Newsletter 12/09/20

Happy holidays!

With the end of the year—and the holidays—just around the corner, we’d like to take this opportunity to thank you for all the great work you do on behalf of the taxpayers of New York State, especially during this unprecedented time.

We also encourage you and your clients to protect personal information during the busy holiday season. Visit Report fraud, scams, and identity theft for resources to safeguard sensitive data while shopping online or donating to charities.

Withholding tax filing reminder

The fourth-quarter wage reporting return (NYS-45) is due January 31, 2021. Remember, do not report cumulative wage totals for the year in Part C on your or your client’s return.

The fourth-quarter amounts you or your client report are only applicable to the amounts paid and withheld in the fourth quarter (October 1–December 31).

  • If you or your clients Web File, report these amounts in the Gross wages or distribution and Total tax withheld fields.
  • If you or your clients use Wage Reporting Upload, report these amounts in the Gross federal wages or distribution subject to withholding and Total NYS, NYC & Yonkers tax withheld fields.

Visit Withholding tax filing methods to learn about all the ways you can file.

Paper carryout bag reduction fee

Albany County began imposing the five-cent paper carryout bag reduction fee on December 1, 2020. Sales tax vendors that sell tangible personal property in this locality must collect the fee when they provide a paper carryout bag to a customer.

For retailers in the locality that opted in, the paper carryout bag reduction fee:

  • is not included in any amount that is subject to sales tax;
  • must be collected in addition to any sales tax due on the transaction; and
  • must be separately stated on the receipt provided to the customer and include the number of bags provided.

For more information about the fee and how to pay it, visit Paper carryout bag reduction fee.

How to avoid common errors when filing a partnership return

A new webpage, Avoiding common partnership return filing errors, is available on the New York State Tax Department’s website to provide guidance on how to avoid common errors made when filing a partnership return.

Tax Preparer Registration application

The 2021 Tax Preparer Registration application is now available. You can register using your Individual Online Services account. If you have not completed the 2021 Registration Education Requirements, you’ll need to complete it before you can register for 2021.

Visit Tax preparer registration and Continuing education requirements for tax return preparers for more information.

ABT Web File demos

Web File is coming for ABT filers in January 2021. If you’re a New York State registered distributor, beginning January 2021, you’ll be able to file your ABT return through your Tax Department Business Online Services account.

For a preview of the application, watch our new ABT Web File demos:

Electronic filing deadline for income tax returns

Electronic filing for partnership and fiduciary income tax will close December 26, 2020; you will not be able to submit e-filed income tax returns until the new filing season opens in 2021. We anticipate the season will open in late January.

Keep up with tax changes

The Tax Professional Newsletter is a monthly summary of recent changes and new information. To receive updates as we announce them, subscribe to new tax topics as we add them to our Subscription Service. We’ll share links to new resources and tax tips as they become available.

Recently added topics include:

  • Partnerships
  • Tax tips for property owners
  • Online Services for taxpayers
  • Información en Español

Upcoming due dates

12/15/20:

Corporation tax (New York C corporation and New York S corporation) estimated tax payments for calendar year filers

12/21/20:

  • Sales tax return for quarterly filers
  • Sales tax return for monthly filers

NJ Tax E-News 10/1/20

NJ Tax E-News 10/1/20

The following information has been posted to NJ Division of Taxation website since 09/30/20:

UPDATED PETROLEUM PRODUCTS GROSS RECEIPTS TAX RATES

The Petroleum Products Gross Receipt Tax rate on gasoline and diesel fuel increased on Oct. 1, 2020.

https://www.state.nj.us/treasury/taxation/excisetaxrate.shtml


COVID-19 RELATED TAX INFORMATION

All COVID-19 related tax information (this page is updated frequently).

https://www.state.nj.us/treasury/taxation/covid19.shtml

PASS-THROUGH BUSINESS ALTERNATIVE INCOME TAX ACT

P.L.2019, c.320 enacted the Pass-Through Business Alternative Income Tax Act, effective for tax years beginning on or after January 1, 2020. For New Jersey purposes, income and losses of a pass-through entity are passed through to its owners. However, the law allows pass-through entities to elect to pay tax due on the owner’s share of distributive proceeds. The owner(s) may then claim a refundable tax credit for the amount of tax paid by the pass-through entity on their share of distributive proceeds

https://www.nj.gov/treasury/taxation/baitpte.shtml 

PASS-THROUGH BUSINESS ALTERNATIVE INCOME TAX ACT FAQ

The purpose of this guidance is to provide answers and clarification to commonly asked questions regarding P.L.2019, c.320 (C.54A:12-1 et al), the Pass-Through Business Alternative Income Tax.

https://www.nj.gov/treasury/taxation/baitpte-faq.shtml

CORPORATION BUSINESS TAX

2019 Corporation Business Tax: 30-Day Penalty Relief For Extended Returns
2019 Corporation Business Tax calendar year returns being filed under extension have the same return due date as the federal return, October 15, 2020. Some filers receive an extension to file their federal return and need slightly more time to file their New Jersey return.

https://www.nj.gov/treasury/taxation/cbt/2019penalty-relief.shtml

PROPERTY TAX RELIEF PROGRAMS

Funding for the Homestead Benefit and/or Senior Freeze program will be determined by the new budget proposed by the Governor and agreed to by the Legislature, which is scheduled to go into effect October 1.

Information about credits/payment availability will be posted after October 1, 2020.

2017 HOMESTEAD BENEFIT

Current program information can be found at:
https://www.state.nj.us/treasury/taxation/homestead/geninf.shtml

SENIOR FREEZE (PROPERTY TAX REIMBURSEMNT)

Current program information can be found at:
https://www.state.nj.us/treasury/taxation/ptr/index.shtml


LOCAL PROPERTY TAX

Statistical Data: Updated listings under Abstract of Ratables, Average Residential Assessment, Common Level Ranges (Chapter 123), General Tax Rates by County and Municipality, and Grantor’s Listing

https://www.state.nj.us/treasury/taxation/lpt/statdata.shtml

PUBLIC AUCTIONS

Listings for current Division of Taxation Public Auctions

https://www.state.nj.us/treasury/taxation/auctions.shtml

PLEASE DO NOT REPLY TO THIS MESSAGE.

If you have a question about any of the taxes and programs administered by the Division of Taxation, click on https://www.state.nj.us/treasury/assets/contact/taxation/contact-taxation.shtml to send an email.

To view, complete, and print our fill-in forms, Adobe Acrobat Reader Version 8.16 or higher is required (Version 9.0 or higher recommended). To view and print our publications Adobe Reader Version 4.0 or higher is required (Version 9.0 or higher recommended). If you do not have Adobe Reader installed on your computer, use this link to download a free copy now: http://get.adobe.com/reader/otherversions/

NJ Division of Taxation

50 Barrack Street

Trenton, New Jersey 08695

609-292-6400

Facebook: https://www.facebook.com/njtaxation/

YouTube: https://www.youtube.com/channel/UCtN4NzI6i32MmP8Z2pdlD4Q

Twitter: https://twitter.com/nj_taxation

Instagram: https://www.instagram.com/nj_taxation
LinkedIn: https://www.linkedin.com/company/njtaxation/

NJ Tax E-News 8/20/20

COVID-19 RELATED TAX INFORMATION

All COVID-19 related tax information (this page is updated frequently) – https://www.state.nj.us/treasury/taxation/covid19.shtml


TAXATION REGIONAL INFORMATION CENTERS

The Trenton Regional Information Center is open to the public by appointment only.

Visitors must wear a face covering and follow social distancing guidelines.

https://www.state.nj.us/treasury/taxation/organization/ts-regional.shtml

SALES TAX

Sales Tax and Surcharges for COVID-19 Precautions
Some businesses have begun to include a surcharge for COVID-19 precaution and prevention costs (e.g., COVID-19 Fee, Coronavirus Fee, PPE Fee, Sanitation Fee, Cleaning Fee, etc.) on customers’ invoices. Determining if the surcharge to cover COVID-19 costs, such as masks, gloves, and cleaning supplies, is subject to Sales Tax depends on whether the service provided or the product sold by a business is taxable.
https://www.state.nj.us/treasury/taxation/SalesTaxSurchargesCOVID-19Precautions.shtml


HOMESTEAD BENEFIT

Because the COVID-19 pandemic is anticipated to negatively impact the State economy, the New Jersey Department of the Treasury has frozen a portion of spending in order to ensure the State can meet its emergency and statutorily required obligations. Regrettably, this includes freezing funding to support the 2017 Homestead Benefit program.


2017 Homestead Benefit Program Information

https://www.state.nj.us/treasury/taxation/homestead/geninf.shtml


SENIOR FREEZE (PROPERTY TAX REIMBURSEMNT)

The unprecedented impact COVID-19 has had on the economy has forced the state to freeze funding for many worthy programs, including Senior Freeze, and prompted the extension of the budget deadline from June 30 to September 30. Therefore, funding for Senior Freeze reimbursements that typically occur during mid-summer is unavailable at this time.

2019 Senior Freeze (Property Tax Reimbursement) Program Information
https://www.state.nj.us/treasury/taxation/ptr/index.shtml

LOCAL PROPERTY TAX

Statistical Data: Updated listings under Abstract of Ratables, Average Residential Assessment, Common Level Ranges (Chapter 123), General Tax Rates by County and Municipality, and Grantor’s Listing

https://www.state.nj.us/treasury/taxation/lpt/statdata.shtml

PUBLIC AUCTIONS

Listings for current Division of Taxation Public Auctions

https://www.state.nj.us/treasury/taxation/auctions.shtml


PLEASE DO NOT REPLY TO THIS MESSAGE.

If you have a question about any of the taxes and programs administered by the Division of Taxation, click on https://www.state.nj.us/treas/taxation/contactus_tyttaxa.shtml to send an email.

To view, complete, and print our fill-in forms, Adobe Acrobat Reader Version 8.16 or higher is required (Version 9.0 or higher recommended). To view and print our publications Adobe Reader Version 4.0 or higher is required (Version 9.0 or higher recommended). If you do not have Adobe Reader installed on your computer, use this link to download a free copy now: http://get.adobe.com/reader/otherversions/

NJ Division of Taxation

50 Barrack Street

Trenton, New Jersey 08695

609-292-6400

Facebook: https://www.facebook.com/njtaxation/

YouTube: https://www.youtube.com/channel/UCtN4NzI6i32MmP8Z2pdlD4Q

Twitter: https://twitter.com/nj_taxation

Instagram: https://www.instagram.com/nj_taxation
LinkedIn: https://www.linkedin.com/company/njtaxation/

NJ Tax E-News 7/20/20

COVID-19 RELATED TAX INFORMATION

All COVID-19 related tax information (this page is updated frequently) – https://www.state.nj.us/treasury/taxation/covid19.shtml

COVID-19 EXTENSION OF TIME TO FILE AND PAY

Individual Gross Income Tax, Partnership, and Corporation Business Tax calendar year filers had until July 15 to file and pay these taxes, including estimated tax payments due on April 15. All other returns and payments are due on their original due date.

TAXATION REGIONAL INFORMATION CENTERS

The Trenton Regional Information Center is open to the public by appointment only. Our other centers around the State will re-open the week of August 3.

Visitors must wear a face covering and follow social distancing guidelines.

SALES TAX

Sales Tax Rate Change For Sales of Medical Marijuana
P.L. 2019, c. 153 phases out the Sales Tax imposed on sales of medical marijuana over the next two years. Beginning July 1, 2020, the current 6.625% Sales Tax rate imposed on sales of medical marijuana will be reduced.
https://www.state.nj.us/treasury/taxation/marijuanasalestaxchangenotice.shtml

Streamlined Certificate of Compliance and Taxability Matrix Update June 22, 2020
http://sst.streamlinedsalestax.org/otm/

HOMESTEAD BENEFIT

Because the COVID-19 pandemic is anticipated to negatively impact the State economy, the New Jersey Department of the Treasury has frozen a portion of spending in order to ensure the State can meet its emergency and statutorily required obligations. Regrettably, this includes freezing funding to support the 2017 Homestead Benefit program.

2017 Homestead Benefit Program Information
https://www.state.nj.us/treasury/taxation/homestead/geninf.shtml

SENIOR FREEZE (PROPERTY TAX REIMBURSEMNT)

The unprecedented impact COVID-19 has had on the economy has forced the state to freeze funding for many worthy programs, including Senior Freeze, and prompted the extension of the budget deadline from June 30 to September 30. Therefore, funding for Senior Freeze reimbursements that typically occur during mid-summer is unavailable at this time.

2019 Senior Freeze (Property Tax Reimbursement) Program Information
https://www.state.nj.us/treasury/taxation/ptr/index.shtml

LOCAL PROPERTY TAX

Statistical Data: Updated listings under Abstract of Ratables, Average Residential Assessment, Common Level Ranges (Chapter 123), General Tax Rates by County and Municipality, and Grantor’s Listing

https://www.state.nj.us/treasury/taxation/lpt/statdata.shtml

PUBLIC AUCTIONS

Listings for current Division of Taxation Public Auctions

https://www.state.nj.us/treasury/taxation/auctions.shtml

PLEASE DO NOT REPLY TO THIS MESSAGE.

If you have a question about any of the taxes and programs administered by the Division of Taxation, click on https://www.state.nj.us/treas/taxation/contactus_tyttaxa.shtml to send an email.

To view, complete, and print our fill-in forms, Adobe Acrobat Reader Version 8.16 or higher is required (Version 9.0 or higher recommended). To view and print our publications Adobe Reader Version 4.0 or higher is required (Version 9.0 or higher recommended). If you do not have Adobe Reader installed on your computer, use this link to download a free copy now: http://get.adobe.com/reader/otherversions/

NJ Division of Taxation

50 Barrack Street

Trenton, New Jersey 08695

609-292-6400

Facebook: https://www.facebook.com/njtaxation/

YouTube: https://www.youtube.com/channel/UCtN4NzI6i32MmP8Z2pdlD4Q

Twitter: https://twitter.com/nj_taxation

Instagram: https://www.instagram.com/nj_taxation
LinkedIn: https://www.linkedin.com/company/njtaxation/

NJ Tax E-News 6/17/20

NJ Tax E-News 6/17/20

COVID-19 RELATED TAX INFORMATION

All COVID-19 related tax information can be found at https://www.state.nj.us/treasury/taxation/covid19.shtml (this page is updated frequently).

COVID-19 EXTENSION OF TIME TO FILE AND PAY

Individual Gross Income Tax, Partnership, and Corporation Business Tax calendar year filers now have until July 15 to file and pay these taxes, including estimated tax payments due on April 15. Penalties and interest will not be imposed on the balance of tax due between the original due date and the extended due date for returns and/or payments submitted by July 15, 2020. All other returns and payments are due on their original due date (including 2nd quarter estimated tax payments for calendar year filers).

CORPORATION BUSINESS TAX RETURN DUE DATES

Certain 2019 Corporation Business Tax returns (Forms CBT-100, CBT-100U, BFC-1, and CBT-100S) have been extended. – https://www.state.nj.us/treasury/taxation/cbt/2019cbtduedates.shtml


TAXATION REGIONAL INFORMATION CENTERS

Division of Taxation regional and Trenton offices are closed through at least July 3rd as a precaution to safeguard public health.

CORPORATION BUSINESS TAX

Combined Group Managerial Member Procedures
To register as the managerial member of a combined group for corporation business tax purposes, login to Online Registration Change Service using the taxpayer’s current New Jersey identification number and corporation business tax PIN. Check the box “Register as the Managerial Member of a Unitary Combined Group,” and follow the onscreen prompts. Note: Your corporation business tax PIN is printed on the Welcome Letter you received when you first registered your business. In most cases, it is the same 4-digit PIN used to submit other New Jersey tax payments and returns either online or by phone (e.g., withholding tax returns (Forms NJ-927/NJ-500 or Form NJ-927-W) or sales and use tax returns (Forms ST-50/51)). If you need help obtaining your PIN, Contact Us – https://www.state.nj.us/treasury/assets/contact/taxation/contact-cbt.shtml.

HOMESTEAD BENEFIT

2017 Homestead Benefit Program Information
https://www.state.nj.us/treasury/taxation/homestead/geninf.shtml

SENIOR FREEZE (PROPERTY TAX REIMBURSEMNT)

2019 Senior Freeze (Property Tax Reimbursement) Program Information
https://www.state.nj.us/treasury/taxation/ptr/index.shtml

LOCAL PROPERTY TAX

Statistical Data: Updated listings under Abstract of Ratables, Average Residential Assessment, Common Level Ranges (Chapter 123), General Tax Rates by County and Municipality, and Grantor’s Listing

https://www.state.nj.us/treasury/taxation/lpt/statdata.shtml

PUBLIC AUCTIONS

Listings for current Division of Taxation Public Auctions

https://www.state.nj.us/treasury/taxation/auctions.shtml

PLEASE DO NOT REPLY TO THIS MESSAGE.

If you have a question about any of the taxes and programs administered by the Division of Taxation, click on https://www.state.nj.us/treas/taxation/contactus_tyttaxa.shtml to send an email.

To view, complete, and print our fill-in forms, Adobe Acrobat Reader Version 8.16 or higher is required (Version 9.0 or higher recommended). To view and print our publications Adobe Reader Version 4.0 or higher is required (Version 9.0 or higher recommended). If you do not have Adobe Reader installed on your computer, use this link to download a free copy now: http://get.adobe.com/reader/otherversions/

NJ Division of Taxation

50 Barrack Street

Trenton, New Jersey 08695

609-292-6400

Facebook: https://www.facebook.com/njtaxation/

YouTube: https://www.youtube.com/channel/UCtN4NzI6i32MmP8Z2pdlD4Q

Twitter: https://twitter.com/nj_taxation

Instagram: https://www.instagram.com/nj_taxation
LinkedIn: https://www.linkedin.com/company/njtaxation/

NJ Tax E-News 4/24/20

COVID-19 RELATED TAX INFORMATION

All COVID-19 related tax information (this page is updated frequently) – https://www.state.nj.us/treasury/taxation/covid19.shtml


2019 RETURN DUE DATES

On April 14, 2020, Governor Murphy signed into law the “COVID-19 Fiscal Mitigation Act” (P.L. 2020, c.19) that automatically extends the due date to July 15, 2020 –  https://www.state.nj.us/treasury/taxation/duedates.shtml


COVID-19 FISCAL MITIGATION ACT

On April 14, 2020 Governor Murphy signed into law the “COVID-19 Fiscal Mitigation Act” (P.L. 2020, c.19) that automatically extends the due date to July 15, 2020, for certain taxpayers to file and make payments originally due on April 15, 2020. Individual Gross Income Tax, Partnership, and Corporation Business Tax calendar year filers now have until July 15th to file and pay these taxes, including 1st quarter estimated tax payments. – https://www.state.nj.us/treasury/taxation/covid-19-fiscal-mitigation-act.shtml

CORPORATION BUSINESS TAX RETURN DUE DATES

Certain 2019 Corporation Business Tax returns (Forms CBT-100, CBT-100U, BFC-1, and CBT-100S) have been extended. – https://www.state.nj.us/treasury/taxation/cbt/2019cbtduedates.shtml


TELECOMMUTER COVID-19 EMPLOYER AND EMPLOYEE FAQ

As our Federal and State governments continue to react to the COVID-19 pandemic in real-time with a primary focus on limiting travel, large gatherings and the movement of our citizens, many businesses are executing contingency plans which require their employees to work remotely where possible. The reassignment of work locations and/or the displacement of workers due to health safety precautions raises many employer and employee concerns. – https://www.state.nj.us/treasury/taxation/covid19-payroll.shtml


TAXATION REGIONAL INFORMATION CENTERS

All walk-in services at Division of Taxation regional and Trenton offices will be closed to the public as a precaution to safeguard public health. We anticipate reopening on May 4th.

EXTENSION OF TIME TO FILE ADMINISTRATIVE PROTESTS AND TAX COURT APPEALS

New Jersey Supreme Court Chief Justice Stuart Rabner issued an order on March 19, 2020, followed up by a more extensive Order on March 27, 2020 and a clarifying Order on April 6, 2020 , which extends the statutory 90-day timeframe within which individuals or businesses may file a N.J. Tax Court or N.J. County Boards of Taxation appeal, or an administrative protest with the N.J. Division of Taxation pursuant to the State Uniform Procedure Law (N.J.S.A. 54:49-18) until the later of May 1, 2020, or 30 days after a determination by the Governor that the State of Emergency declared under Executive Order No. 103 has ended. – https://www.state.nj.us/treasury/taxation/taxcourtextention.shtml

INFORMATION ABOUT THE FEDERAL ECONOMIC IMPACT PAYMENT – STIMULUS CHECK

This payment is from the federal government.  The payments, also referred to by some as stimulus payments, are automatic for most taxpayers. No further action is needed by taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees. New Jersey cannot provide any information about the amount or when you may receive a payment. Please visit the IRS website at: 
www.irs.gov.

CORPORATION BUSINESS TAX

The Corporation Business Tax Special Adoption Regulations have been finalized and were sent to the Office of Administrative Law (OAL) on April 8 for publication in the NJ Register on May 4, 2020. Note that these regulations were immediately effective on April 8, 2020. – https://www.state.nj.us/treasury/taxation/pdf/SpecialAdoptionNotice042020.pdf

HOMESTEAD BENEFIT

2017 Homestead Benefit Program Information
https://www.state.nj.us/treasury/taxation/homestead/geninf.shtml

SENIOR FREEZE (PROPERTY TAX REIMBURSEMNT)

2019 Senior Freeze (Property Tax Reimbursement) Program Information
https://www.state.nj.us/treasury/taxation/ptr/index.shtml

LOCAL PROPERTY TAX

Statistical Data: Updated listings under Abstract of Ratables, Average Residential Assessment, Common Level Ranges (Chapter 123), General Tax Rates by County and Municipality, and Grantor’s Listing

https://www.state.nj.us/treasury/taxation/lpt/statdata.shtml

PUBLIC AUCTIONS

Listings for current Division of Taxation Public Auctions

https://www.state.nj.us/treasury/taxation/auctions.shtml

PLEASE DO NOT REPLY TO THIS MESSAGE.

If you have a question about any of the taxes and programs administered by the Division of Taxation, click on https://www.state.nj.us/treas/taxation/contactus_tyttaxa.shtml to send an email.

To view, complete, and print our fill-in forms, Adobe Acrobat Reader Version 8.16 or higher is required (Version 9.0 or higher recommended). To view and print our publications Adobe Reader Version 4.0 or higher is required (Version 9.0 or higher recommended). If you do not have Adobe Reader installed on your computer, use this link to download a free copy now: http://get.adobe.com/reader/otherversions/

NJ Division of Taxation

50 Barrack Street

Trenton, New Jersey 08695

609-292-6400

Facebook: https://www.facebook.com/njtaxation/

YouTube: https://www.youtube.com/channel/UCtN4NzI6i32MmP8Z2pdlD4Q

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NJ Tax E-News 02/01/20

The following information has been posted to New Jersey Division of Taxation website since 02/01/20:
CORPORATION BUSINESS TAX

2019 Corporate Business Tax Forms
https://www.state.nj.us/treasury/taxation/prntcbt.shtml

Electronic Filing and Payment Mandate for Corporation Business Tax N.J.A.C. 18:7-11.19
https://www.state.nj.us/treasury/taxation/efilemandatecbt.shtml

Online (Forms CBT-100 and CBT-100S only) Now Available
https://www.njportal.com/taxation/CBT

Corporation Business Tax Reform Information
https://www.state.nj.us/treasury/taxation/cbt/cbtreform.shtml

Corporation Business Tax – Licensed Professional Fees
https://www.state.nj.us/treasury/taxation/licensedprofessionalfees.shtml

PARTNERSHIPS

Approved Software Vendors – Partnership Tax
https://www.state.nj.us/treasury/taxation/partnershiptax2019.shtml


PERSONAL INCOME TAX

NJ 1040 Charitable Funds
https://www.state.nj.us/treasury/taxation/1040charitablefunds.shtml

Child and Dependent Care Credit (P.L. 2018, c.45)
https://www.state.nj.us/treasury/taxation/depcarecred.shtml

HOMESTEAD BENEFIT

2017 Homestead Benefit Program Information
https://www.state.nj.us/treasury/taxation/homestead/geninf.shtml

SENIOR FREEZE (PROPERTY TAX REIMBURSEMNT)

2019 Senior Freeze (Property Tax Reimbursement) Program Information
https://www.state.nj.us/treasury/taxation/ptr/index.shtml

LOCAL PROPERTY TAX

Statistical Data: Updated listings under Abstract of Ratables, Average Residential Assessment, Common Level Ranges (Chapter 123), General Tax Rates by County and Municipality, and Grantor’s Listing

https://www.state.nj.us/treasury/taxation/lpt/statdata.shtml

PUBLIC AUCTIONS

Listings for current Division of Taxation Public Auctions

https://www.state.nj.us/treasury/taxation/auctions.shtml

MISCELLANEOUS ITEMS

Cigarette/Tobacco & Vapor Products Tax Prohibited Use of Coupons, Price Reduction Promotions & Price Rebates
https://www.state.nj.us/treasury/taxation/cigcoupons.shtml

PLEASE DO NOT REPLY TO THIS MESSAGE.

If you have a question about any of the taxes and programs administered by the Division of Taxation, click on https://www.state.nj.us/treas/taxation/contactus_tyttaxa.shtml to send an email.

To view, complete, and print our fill-in forms, Adobe Acrobat Reader Version 8.16 or higher is required (Version 9.0 or higher recommended). To view and print our publications Adobe Reader Version 4.0 or higher is required (Version 9.0 or higher recommended). If you do not have Adobe Reader installed on your computer, use this link to download a free copy now: http://get.adobe.com/reader/otherversions/

NJ Division of Taxation

50 Barrack Street

Trenton, New Jersey 08695

609-292-6400

Facebook: https://www.facebook.com/njtaxation/

YouTube: https://www.youtube.com/channel/UCtN4NzI6i32MmP8Z2pdlD4Q

Twitter: https://twitter.com/nj_taxation

Instagram: https://www.instagram.com/nj_taxation
LinkedIn: https://www.linkedin.com/company/njtaxation/

 

NJ Tax E-News 1/23/20

CORPORATION BUSINESS TAX

Notice: Automatic Extension for 2019 Corporation Business Tax Returns for Certain Fiscal Tax Year Filers

https://www.state.nj.us/treasury/taxation/cbt/automaticextension2019.shtml

EMPLOYER WITHHOLDING

New Jersey Income Tax Withholding Instructions (Rev. 12/19)

https://www.state.nj.us/treasury/taxation/pdf/current/njwt.pdf

Notice: Electronic Filing Mandate for Employer Year-End Filings and Statements

https://www.state.nj.us/treasury/taxation/git/efilemand.shtml

GROSS INCOME TAX

Information for the 2019 Tax Year Including Links to 2019 Income Tax Forms

https://www.state.nj.us/treasury/taxation/individuals.shtml

Many New Jersey Taxpayers are Eligible for 2019 Earned Income Tax Credits

https://www.state.nj.us/treasury/taxation/pdf/eitcstatement.pdf

Specifications for Reporting W-2 Information Via Electronic Filing

https://www.state.nj.us/treasury/taxation/pdf/current/2019nj_efw2.pdf

LOCAL PROPERTY TAX

Statistical Data: Updated listings under Abstract of Ratables, Average Residential Assessment, Common Level Ranges (Chapter 123), General Tax Rates by County and Municipality, and Grantor’s Listing

https://www.state.nj.us/treasury/taxation/lpt/statdata.shtml

SALES AND USE TAX

Notice: Manufacturing Exemption for Bakery Racks

https://www.state.nj.us/treasury/taxation/bakeryracks.shtml

PUBLIC AUCTIONS

Listings for current Division of Taxation Public Auctions

https://www.state.nj.us/treasury/taxation/auctions.shtml

PLEASE DO NOT REPLY TO THIS MESSAGE.

If you have a question about any of the taxes and programs administered by the Division of Taxation, click on https://www.state.nj.us/treas/taxation/contactus_tyttaxa.shtml to send an email.

To view, complete, and print our fill-in forms, Adobe Acrobat Reader Version 8.16 or higher is required (Version 9.0 or higher recommended). To view and print our publications Adobe Reader Version 4.0 or higher is required (Version 9.0 or higher recommended). If you do not have Adobe Reader installed on your computer, use this link to download a free copy now: http://get.adobe.com/reader/otherversions/

NJ Division of Taxation

50 Barrack Street

Trenton, New Jersey 08695

609-292-6400

Facebook: https://www.facebook.com/njtaxation/

YouTube: https://www.youtube.com/channel/UCtN4NzI6i32MmP8Z2pdlD4Q

Twitter: https://twitter.com/nj_taxation

Instagram: https://www.instagram.com/nj_taxation