State and Local Tax Alert - March 2014

March 2014

On February 20, 2014, the New Jersey Division of Taxation issued a revised Intangible Asset Nexus Initiative and a new Partnership Tax and Partner Fees Initiative as part of its voluntary disclosure program.1 Each initiative runs from March 15, 2014, through May 15, 2014, and may offer tax and penalty benefits beyond what New Jersey typically offers as part of its standard voluntary disclosure program.