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Dec 18, 2024
What are the consequences of failing to report or pay use tax in New Jersey?
Failing to pay use tax can result in severe consequences, including audits, fines, and interest charges. The New Jersey Division of Taxation actively monitors compliance and has the authority to impose penalties for non-payment.
To avoid these issues, individuals and businesses should report and pay use tax promptly. This helps maintain good standing with tax authorities and reduces financial risks.



