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NJ Partnership Return Update
Two pieces of news, one good, one bad.

The good: NJ web-based e-filing software for partnerships is
available here:

https://www4.state.nj.us/NASApp/TYTR_BusinessFilings/jsp/common/Login.jsp?taxcode=43

All clubs with 10 or more K-1s must file electronically.

The bad: It appears that the NJ Assembly will not consider
S1770/A2666, the bill to exempt clubs with up to $35K/member
in assets from the $150/partner annual filing fee. This
means that any club with more than $60K in total assets will
have to pay $225 per K-1 issued to NJ when they file their
NJ-1065 (50% advance payment of next year's fee). All NJ
resident club members should call, email or write their
Assembly(wo)men and complain. The bill is stalled in the
Assembly Appropriations Committee.

Ira Smilovitz