The New Jersey Division of Taxation has extended the filing date for corporation business tax returns by one month. The division will automatically waive the late filing penalty for a corporate taxpayer with a properly extended federal return due date of Oct. 15, 2018, if the return is filed by Nov. 15, 2018, for extended calendar year corporations (or filed within an additional month of the extended due date for 2017 returns for fiscal year corporations).
The division will consider elections made timely, if the elections are made on a 2017 New Jersey corporation business tax return filed by Nov. 15 (or within an additional month for an extended 2017 return for a fiscal year corporation). Interest and penalties for late payment of the tax may still apply. Failure to file by Nov. 15, 2018, unless abated, will result in the imposition of a late filing penalty based on the Oct. 15, 2018 due date.