TRENTON, NJ - As the 2014 tax season begins, tax preparers are reminded that they are statutorily required to file individual gross income tax returns electronically if they file 11 or more tax returns.
Those preparers must e-file their clients’ NJ-1040 and NJ-1041 returns – including those filed for estates and trusts.
If clients do not want to have their returns filed electronically, they should have their preparer complete an E-File Opt-Out Request – Form NJ-1040-O. The preparer should fill in the NJ-1040-O oval on the tax return (next to their signature) and enclose that form with the client’s return. Tax preparers also must keep a copy of every Opt-Out Request form that they complete for their clients.
There is a $50 penalty for each paper tax return filed without a signed NJ-1040-O. The electronic filing requirement is authorized by N.J.S.A. 54A:8-6.1. The requirements are outlined in N.J.A.C. 18:35-6.4(f).
There are two methods of electronically filing a New Jersey resident tax return: the Federal/State E-File Program or NJ WebFile. Visit www.njtaxation.org for more information.
During the previous filing season, 3,889,090 New Jersey taxpayers enjoyed the convenience of e-filing.
More information on the e-file requirement can be obtained by calling 609-943-5000 or by visiting: