New Jersey Stuff

[Snaggletooth]

Not sure posting this is going to solve anything except blow off steam.

My largest C Corp has 170 employees in 9 states, one of them being NJ. NJ has a complex reporting which combines SIT, SUTA, and Disability but I've been living with it for 5 years. Client had a changeover in payroll clerks last fall and I had to go in and train someone to do all their payroll taxes.

NJ quarterly reporting has a website, where your taxes may be electronically filed. A portion of SUTA and Disability is always due, so unless you've screwed up there will always be a balance due. The website was operable ONLY if you agreed to EFT the money AND you had a password. If you didn't put in your bank's EFT document control number, the website was INOPERABLE.

After hours and hours trying to reach someone in NJ, being put through telephone menus and on hold, we gave up, and filed a hard copy with a paper check.

New Jersey is now responding with a $235 penalty for filing a paper return and not using their website (which wouldn't work).

I told the C corp people yesterday I would REFUSE to pay this stupid penalty. Is there no end to what these avaricious arbitrary-minded states will come up with to harass taxpayers simply trying everything they can to pay their taxes?? Out-of-state companies don't vote, and they seldom know anyone of sufficient influence in that state to reign in these idiots who want to make YOU pay for their own inefficiencies.

[bullroot]

more stuff

Out-of-state companies don't vote, and they seldom know anyone of sufficient influence in that state to reign in these idiots who want to make YOU pay for their own inefficiencies.

Non-residents don't vote either so it's not surprising what Maryland and other states do to non-residents selling real estate. See here.

http://business.marylandtaxes.com/taxinfo/withholding/sale_property.asp

It does not take hyper imagination to come up with a senario where the tax payment required at the time of sale will greatly exceed that actually due on the sale when the basis is ultimately factored-in

I wonder how many taxpayers get throw into the AMT as a result of this crap.

[Uncle Sam]

New Jersey Stuff

Snaggletooth -
I'm going to give you contact information of a CPA that lectures annually for the National Conference of CPA Practitioners (Westchester/Rockland Chapter) in White Plains, NY on New Jersey income tax/corporation tax update issues. He MIGHT be able to help you and refer you to the proper party to remedy your situation. You can mention that you heard him lecture there.
Alan J. Preis, CPA
(973)-660-0444
ajpcpa2000@aol.com

If that won't help, I have a few pages of names and contact information for a number of New Jersey Tax officials that might help you.

[Snaggletooth]

Uncle Sam

Uncle Sam, thanks a bunch. We have a waiver form being executed by the client, and will await its disposition before trying to contact anyone else. If you are from New York, I believe the revenue war with NJ is well-known, and may be approaching the status of the Hundred Year War with Britain and France.

Bull - this idea of withholding upon real estate sale proceeds is infectious. Maryland is now the latest state that I've heard of doing it. I guess my question is, with less proceeds coming from a sale, doesn't that hurt the ability to buy another house/property? Depressing the selling value of a home should be something that a state thinks twice about in today's economy.

Does anyone remember the furor in the '80s when IRS was going to require banks to withhold on savings account interest?? Boy, that one went away in a hurry when the banks ganged up on Congress big time!! And to my knowledge, it hasn't even been mentioned since.

[bullroot]

I guess my question is, with less proceeds coming from a sale, doesn't that hurt the ability to buy another house/property? Depressing the selling value of a home should be something that a state thinks twice about in today's economy.

Does anyone remember the furor in the '80s when IRS was going to require banks to withhold on savings account interest?? Boy, that one went away in a hurry when the banks ganged up on Congress big time!! And to my knowledge, it hasn't even been mentioned since.

Good point, Snag. For state and local governments, it's short term pain for long term gain.
As the value of real estate taxes drop, the tax rates will increase to keep the tax revenue at least level. Then when the market rebounds, there will be higher tax rates on the increased value. What part of that plan don' t you understand?

Don't forget the luxury tax that the Congress imposed on large boats a couple of decades ago. It has a devastating impact on boat builders and cost loss of tax revenue, a twofer. That tax disappeared too, but not before a lot of damage was done to some really hard working Americans.

[barbara]

Good Luck

I have a clients who file sales tax for NJ. On their website all we need is the sales tax number (which is the ein with 3 zeros), a password or company name to gain access to the forms. Also you need the bank account number and routing number just like direct deposit and whether it is a checking or saving account. You must file electronically in NJ or you will be fined. I would fight the fine based on the fact that you could not gain access to the site, but you should get it straighten out before the next quarterly or NJ will fine you again. Good luck trying to get it straight. Not all people who answer the phone in NJ tax are helpful. Years ago it took almost 5 years to straighen out at decimal point error on their part (standard refund was $65 and they sent $6.50).

[Greenbriar]

Try these phone numbers

Practitioners' hotline 609-633-6905
Client business problems 609-292-6400

Good luck.

[Greenbriar]

NJ site for paying p/r taxes

Try this site. You only need the federal id number plus 3 zeros and the business name.

https://www1.state.nj.us/TYTR_BusinessFilings/servlet/Giter/ProcessingMenu

[Snaggletooth]

Thanks

Thanks to all who have posted. It's great that this forum is nationwide and full of people willing to help.

Snag

[Burke]

Non-residents don't vote either so it's not surprising what Maryland and other states do to non-residents selling real estate. See here.http://business.marylandtaxes.com/ta...e_property.aspIt does not take hyper imagination to come up with a senario where the tax payment required at the time of sale will greatly exceed that actually due on the sale when the basis is ultimately factored-in I wonder how many taxpayers get throw into the AMT as a result of this crap.

I had one of these a couple of years back in SC, I believe it was, and they allowed the seller to file a form calculating the basis and estimated tax on the NET gain to reduce the amt of actual withholding at sale. If the form was not completed, the tax was withheld on the gross proceeds. Note this is done on non-residents, and the reason is that so many never filed at all in the state of sale, and the IRS only reports income to the state of residence.