New Jersey extends filing and payment deadlines for personal income and corporate business tax

April 20, 2020

 

On April 14, Governor Murphy signed into law “COVID-19 Fiscal Mitigation Act” (S-2338/A-3918), legislation that extends the April 15 personal income tax and corporate business tax filing and payment deadlines to July 15.

The New Jersey Division of Taxation has published a complete list of 2019 return due dates that can be accessed here.  

 

Highlights of the legislation include:

 

Images of Signatures & Electronic Transmission of Documents

The Division of Taxation will accept images of scanned or photographed signatures and digital signatures on documents related to the determination or collection of tax liability. Division employees will be allowed to accept documents via email and to transmit documents to taxpayers established through secured messaging systems.

 

Deadlines Extended for:

  • 2019 gross income tax returns and payments, including trusts
  • 2019 corporate business tax returns and payments
  • First quarter 2020 GIT/CBT estimated tax payments
  • First quarter 1041 estimates
  • Partnership returns and payments
  • Partnership filing fees and licensed professional fees

 

Penalties and Interest

Penalties and interest will not be imposed on the balance of 2019 income tax due between the original due date and July 15.

 

Deadlines NOT Extended for:

  • Second quarter 2020 estimated tax payments
  • Sales and use tax filings and remittances
  • Payroll tax remittances (including those imposed by the New Jersey Department of Labor and Workforce Development)
  • Inheritance taxes

 

Please contact your Bederson tax professional with any questions. We are committed to helping you manage risk and achieve optimal outcomes.