Special Alert: NJ Tax Amnesty Program 
Don Kaiser, CPA
Focused on You. Dedicated to Your Success.
December 5, 2018

New Jersey has a special gift for taxpayers this holiday season. Qualified taxpayers who have failed to pay any state tax that is due may pay the full amount of tax and 50% of the interest due without penalty or associated fees. The program offers a waiver of most penalties, Referral Cost Recovery Fees, or cost of collection fees and one-half of the balance of the interest that remains due as of November 1, 2018. Civil fraud penalties and criminal penalties will not be waived.

In order to receive tax amnesty, a taxpayer must pay the outstanding tax due and remaining one-half of the related interest by the end of the amnesty period (January 15, 2019). In addition, the taxpayer must file all delinquent returns. Payments made through amnesty are not eligible for refund or credit. Taxpayers participating in amnesty will no longer have the right to appeal the amount paid.

The time frame for the Amnesty’s application for state tax liabilities are for those due on or after February 1, 2009, and prior to September 1, 2017. The program ends on January 15, 2019.

More information is available from the NJ Department of Treasury.

Feel free to contact any member of our team at 610-828-1900 (PA) or 732-341-3893 (NJ) with questions. You can also contact Don Kaiser, CPA at Donald.Kaiser@MCC-CPAs.com or me anytime at Marty.McCarthy@MCC-CPAs.com . We are always happy to help.
Martin C. McCarthy, CPA, CCIFP
Managing Partner
McCarthy & Company, PC

Disclaimer This alert is for informational purposes only and does not constitute professional advice. Information contained in this communication is not intended or written to be used as tax advice, and cannot be used by the recipient to avoid penalties that may be imposed under the Internal Revenue Code. We strongly advise you to seek professional assistance with respect to your specific issue(s).