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New Jersey Office of the Attorney General
Division of Consumer Affairs
New Jersey State Board of Accountancy
124 Halsey Street, 6th Floor, P.O. Box 45000
Newark, New Jersey 07101
(973) 5046380Peer
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What is what is inactive paid?
Inactive paid refers to income that has been received but is not actively being used or spent.
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Any individual or entity that has received inactive paid income must report it on their tax return.
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To fill out what is inactive paid, you must include the amount of income received and any relevant details on your tax return form.
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The purpose of reporting inactive paid is to ensure all income is accounted for and taxed accordingly by the government.
What information must be reported on what is inactive paid?
You must report the amount of inactive paid income received, the source of the income, and any relevant details for tax purposes.
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