1120-NJ: Fiscal years for Forms CBT-100 and CBT-100S

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The state of New Jersey’s 2018 forms apply to taxable years ending July 31, 2018, through June 30, 2019. However, the current federal application applies to taxable years ending December 31, 2018, through November 30, 2019. Therefore, there is an update in the application fall that processes the New Jersey 2019 forms.

  • The application version released in January 2019 processes state returns for clients with taxable years ending on or after December 31, 2018, and before July 1, 2019.
  • The application update released in the fall of 2019 processes state returns for clients with taxable years ending after June 30, 2019, and before December 1, 2019. This version is sent out as an update in the fall of 2019 after New Jersey releases the 2019 version of its forms.

If you enter data for clients with a July 31, 2019, through November 30, 2019, fiscal year-end in the application version prior to the fall update for the 2019 New Jersey forms, the return prints on 2018 New Jersey forms and is not submittable. A submittable 2019 New Jersey return for fiscal years ending July 31, 2019, through November 30, 2019, can be printed after receiving the fall update to the application. Note that New Jersey now mandates that all corporate returns be filed electronically, and therefore, even the submittable versions of Form CBT-100 and CBT-100S should not be submitted to the New Jersey Division of Taxation on paper.

Related topic: 1120 New Jersey frequently asked questions

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