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New
Jersey's e-file Program for individual income tax returns is
open to all tax practitioners. Registration with the Internal
Revenue Service is required.
Changes
to the e-file Program for the 2008 tax period are:
- NJ EITC credit will equal 22.5 percent of the Federal EIC Amount the maximum for NJ is $1085.40.
- If the taxpayer claims any dependents they MUST answer the question regarding insurance coverage.
- A new checkoff was instituted #8 'NJ Verterans Haven Program' if selected it would be for the Designated Checkoff.
Additional
changes for the tax period include:
- Practitioners
who filed 25 or more NJ-1040 resident returns in TY07 must e-file in TY08.
A $50 penalty for each return not e-filed will be imposed.
- ERO/Practioners
are required to have a valid EFIN issued by the IRS. They no longer
are required to register with New Jersey
Details of these changes
are described in the Practitioner's Handbook.
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