New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

New for 2018

• Surtax: Corporate taxpayers, except for public utilities, with allocated net income in excess of $1 million for New Jersey tax years 2018 and 2019 will be charged a surtax of 2.5%. Such taxpayers with allocated income in excess of $1 million in New Jersey tax years 2020 and 2021 will be charged a surtax of 1.5%
• Sourcing: For tax years beginning after 2018, sales of services will no longer be sourced based upon where the services are performed. Instead, they are based on where the benefit of the service is received.
• Dividend exclusion: For tax years beginning after December 31, 2016, the 100% dividend exclusion for dividends received from subsidiaries owned 80% or more is reduced to a 95% exclusion. Filers subject to this reduction for New Jersey tax year 2017 are required to file Form CBT-DIV 2017 on paper, after having filed their original return. Filers subject to this reduction for New Jersey tax year 2018 will include any necessary adjustments directly on Form CBT-100 when filed.
• The following provisions will become effective for tax years beginning after 2018:
  • Combined reporting: For tax years that begin after 2018, New Jersey will permit and require combined reporting.
  • Deferred Tax Deduction: For tax years that begin after 2018, If combined reporting provisions result in an aggregate increase to a net deferred tax liability or decreases a net deferred tax asset, the group may be entitled to a deduction.

Frequently asked questions

Annual Report

Filing the annual report

Apportionment

Calculating apportionment

Entering 1120 apportionment data for consolidated or combined states

Electronic filing

State Electronic Filing Guide

Confirming a New Jersey corporation number

Electronic filing information

Electronic funds withdrawal

Electronically filing consolidated or combined returns

Electronically filing the New Jersey return for a member of a federal consolidated return

Estimate electronic filing

No acknowledgement received

Officer Social Security number

PDF attachments automatically included with electronic file

PDF attachments required as manual attachments to electronic files

PDF naming conventions

Fiscal years

Fiscal years for Forms CBT-100 and CBT-100S

Forms approval

Viewing forms approval status

General information

Entering state or country of incorporation

Form 1120-IC-DISC

Installment payment / CBT-160-A or CBT-160-B penalty

Using the Installment Payment option

Meals and entertainment deduction

Deducting meals

Preparing CBT-100 or CBT-100S

Preparing a CBT-100

Preparing a CBT-100S

Schedule S

Using straight line depreciation for post-1986 property

S Corporations

Adjustments for Schedule K or NJ-K-1

Calculating NJ distributions on Schedule NJ-K-1

Calculating the New Jersey AAA column

Distributions on Schedule NJ-K-1

Entering S Corporation beginning account balances

Entering shareholder dividend distributions if different from the federal

Including M-2 adjustments on Form CBT-100S

Indicating a shareholder is a nonresident

Underpayment of estimates

Determining whether an underpayment of estimates exists

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