NJ tax

[sasingh90]

What is the name of your state?
New Jersey
For the year 2002, I had income from the state of NY only (though I was a resiedent of NJ). I filed taxes for NY state and the Federal tax. At that time I was unaware of there being a need to file NJ tax. NowI have received a letter from NJ state with the estimated tax liability. The estimated liability is at least 5 times higher than what the actual tax should have been. Is there a way to avoid the penalty etc? (considering that it was my ignorance of the law and that I have always filed taxes on time for NY state and Federal taxes)

[LdiJ]

Originally Posted by sasingh90

What is the name of your state?
New Jersey
For the year 2002, I had income from the state of NY only (though I was a resiedent of NJ). I filed taxes for NY state and the Federal tax. At that time I was unaware of there being a need to file NJ tax. NowI have received a letter from NJ state with the estimated tax liability. The estimated liability is at least 5 times higher than what the actual tax should have been. Is there a way to avoid the penalty etc? (considering that it was my ignorance of the law and that I have always filed taxes on time for NY state and Federal taxes)

Go ahead and get your return filed. Odds are that your final liability will be much less than what is being estimated now.