{"data":{"id":"us-nj/n.j.-stat.-54-50-53","jurisdiction":"us-nj","citation":"N.J. Stat. § 54:50-53","heading":"Adjustments after expiration, time extension.","body":"12.\tScope of Adjustments and Extensions of Time.\na.\tUnless otherwise agreed in writing by the taxpayer and the division, any adjustments by the division or by the taxpayer made after the expiration of the N.J.S.54A:9-4, N.J.S.54A:9-8, R.S.54:49-3, or R.S.54:49-14 are limited to changes to the taxpayer's tax liability arising from federal adjustments.\nb.\tThe time periods provided for in this section may be extended:\n(1) Automatically, upon written notice to the division, by 60 days for an audited partnership or tiered partner which has 10,000 or more direct partners; or\n(2) By written agreement between the taxpayer and the division as set forth by the director.\nc.\tAny extension granted for filing the Federal Adjustments Report extends the last day prescribed by law for assessing any additional tax arising from the adjustments to federal taxable income and the period for filing a claim for refund or credit of taxes.\nL.2022, s.133, s.12.","path":["TITLE 54 TAXATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"5af7e0be498623acd5da3b311d6b8cfcfb7873913d9fadb8761f17ff766504a8","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54-50-52","next":"us-nj/n.j.-stat.-54-51a-1"},"notice":"GroundRules: Original legal text. Not legal advice."}