New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 33 - CLOSING AGREEMENTS AND COMPROMISES
Subchapter 2 - COMPROMISES
Section 18:33-2.10 - Allocation of tax, penalty, and interest
Universal Citation: NJ Admin Code 18:33-2.10
Current through Register Vol. 56, No. 18, September 16, 2024
Allocation of tax, penalty, and interest in case of payments made pursuant to offers accepted in compromise of taxes will be made as specified in the agreement. If no allocation is specified in the offer or agreement, or if no agreement has been accepted and the amount of the offer exceeds combined tax and penalties, payments received (whether installment or lump sum) will be applied to tax, penalty, and interest in that order, beginning with the earliest period.
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