'Does N.J. offer an abatement if taxes are overdue

an abatement if taxes are overdue

Does New

Jersey offer a “first time penalty abatement” for overdue taxes, similar to the IRS?

Depending on your

situation, penalties and interest sure can add up

The IRS considers

requests for relief from penalties if a taxpayer is eligible for first-time abatement, said

To be eligible,

the taxpayer must be compliant, having filed all required returns, and paid all taxes

But New Jersey

does not provide relief from penalties based on a first-time abatement, she said

“For New Jersey

purposes, there must be a good reason for your request like death, serious illness,

Karin Price Mueller

writes the Bamboozled column for NJ Advance Media and is the founder of NJMoneyHelp

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