NJ Extends Business Tax Filing Deadlines Again

TRENTON – Gov. Chris Christie has extended tax filing deadlines for businesses struggling to recover from Superstorm Sandy.

At the Governor’s direction, Michael J. Bryan, Director of the Division of Taxation, has postponed to Nov. 26, 2012, the deadlines for tax filings and payments for the period beginning on Oct. 30, 2012, and ending on Nov. 26, 2012. The extension applies to businesses affected by storm damage in all New Jersey counties.

The new deadline applies to taxpayers required to file returns, reports, and related payments, including installment payments of estimated taxes, on or after Oct. 30, 2012, and on or before Nov. 26, 2012. A calendar of filing and payment dates is available on the Division of Taxation’s Web site at: http://www.state.nj.us/treasury/taxation/njtaxcal13.shtml

As announced earlier, Treasurer Andrew Sidamon-Eristoff also has ordered the Division of Taxation to grant hardship waivers for late filers on a case-by-case basis for business taxpayers affected by the storm.

The orders granting relief from deadlines and hardship waivers apply to all 21 counties in New Jersey. Taxpayers who qualify include businesses located in New Jersey, out-of-state businesses with operations here, as well as those whose tax records or tax preparers are located in the State. Nonresident taxpayers with tax filing obligations in New Jersey who are located in other states that suffered Superstorm Sandy damage (e.g., New York, Connecticut) are also eligible for relief.

Deadlines for New Jersey tax filings and payments due after Nov. 26, 2012, have not been extended. The extension for Federal returns and payments announced by the IRS (IR-2012-83) does not apply to New Jersey tax filings.

Those filers who receive a billing notice from the Division for late filing and/or late payment and can show that the delays resulted because of Sandy-related damage may request a waiver of those charges. Taxpayers should respond in writing to the address on the notice, explain the circumstances that prevented them from filing or paying on time, and include documentation that their business, tax records, or tax preparer were located in an affected area.

For answers to additional questions about tax relief for victims of Sandy, taxpayers should call 1-609-292-6400 or e-mail the Division at: https://www.state.nj.us/treas/taxation/contactus_tyttaxa.shtml

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