Form Nj-630 - Application For Extension Of Time To File New Jersey Gross Income Tax Return Page 2

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NJ-630
Page 2
(06-13, R-24)
Trusts and estates which obtain an automatic 5-month federal extension of time to file the fiduciary return will
receive an automatic extension of time to file in New Jersey for the same period of time provided that at least 80%
of the actual tax liability (as computed on Form NJ-1041 when filed) is paid by the original due date of the return and
a copy of the federal Application for Automatic Extension is enclosed with Form NJ-1041 when filed.
Persons in active service with the Armed Forces of the United States who may be prevented from filing by distance
or injury or hospitalization arising out of such service will automatically receive a 6-month extension by setting forth
the reason therefor on a statement enclosed with their return.
PENALTIES AND INTEREST
If the final return is not received by the extended due date, the computation
of penalty and interest charges will be made as if the extension had not been
granted.
The penalty and interest charges for returns filed late and/or tax paid late are:
1. Late filing penalties of:
a.
5% per month (or fraction of a month), up to a maximum of 25% of the balance of tax due with the return.
b.
$100 per month (or fraction of a month) that the return is late.
2. Late payment penalty of 5% of any tax balance due.
3. Interest at the rate of 3 percentage points above the prime rate for every month (or fraction of a month) the tax is
unpaid, compounded annually. At the end of each calendar year, any tax, penalties, and interest remaining due
will become part of the balance on which interest is charged.
When filing your final income tax return be sure to include:
1. Payment of any tax due,
2. Late payment penalty of 5% of balance of tax due, if any, and
3. Interest computed at the rate of 3 percentage points above the prime rate from the original due date of the
return.
If you need help calculating the interest due, contact the New Jersey Division of Taxation’s Customer Service
Center at 609-292-6400.

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