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

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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.

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NJ Division of Taxation

50 Barrack Street

Trenton, New Jersey 08695

609-292-6400

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