N.J.A.C. 18:5-8.2 - Arbitrary Assessment for Withheld Reports

(a) If any taxpayer fails to make any report or return required by the Act, the Director may make an estimate of the taxable liability of such taxpayer from any information he or she may obtain, and according to such estimate so made by him or her:

1. Assess the taxes, fees, penalties, and interest due from such taxpayer;

2. Give notice of such assessment to the taxpayer; and

3. Make demand for payment.