Vernoia, Enterline + Brewer, CPA LLC

NJ E-filing regulation issued

The New Jersey Division of Taxation has issued a new electronic filing and payment regulation affecting tax preparers and taxpayers who file corporation business tax (CBT) returns. For tax years beginning on or after January 1, 2015, tax preparers who file corporation business tax returns must e-file such returns and (if instructed by the taxpayer) must also e-file all payments of corporation business tax, including estimated payments. For tax years beginning on or after January 1, 2016, taxpayers that are subject to the corporation business tax and submit their own returns must e-file such returns. Payments of corporation business tax liabilities, including estimated payments, must be made electronically whether remitted directly by the taxpayer or by the tax preparer as instructed by the taxpayer. N.J.A.C. 18:7-11.19, New Jersey Division of Taxation, effective January 20, 2015.

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