Interest and Penalties NJ-927 and WR-30
The penalties imposed for late filing of the NJ-927 "Employer's Quarterly Report" are:
$10.00 per day for the first five days of delinquency; thereafter, additional penalties of $10.00 per day or 25 percent of the contributions due, whichever is less, shall be assessed.
$10.00 for each day of delinquency, to a maximum of $50.00, shall be assessed on "No Liability Reports."
Interest on any unpaid contributions shall accrue at the rate of 1.25 percent per month from the due date until payment is received.
Employers who fail, without reasonable cause, to comply with reporting requirements will be liable for penalties based upon the number of employees (A) who were not reported, (B) who were not reported completely and accurately, (C) who were reported using invalid media and/or (D) who were reported late.
Such penalties shall be assessed as follows:
For the first invalid media, late, incomplete or inaccurate report: $5.00 per employee. For the second invalid media, late, incomplete or inaccurate report filed within eight consecutive quarters: $10.00 per employee. For the third and any subsequent invalid media, late, incomplete or inaccurate report filed within eight consecutive quarters: $25.00 per employee.