A. This required page reports numbers from other pages of the return in a format that is mandated by the New Jersey Division of Taxation. The numbers on this page will sometimes be presented in a format different expressed on the pages of the return where the numbers originate. For instance, apportionment decimals will be expressed as 7 digit whole numbers, and commas will never print. We recommend you ignore this page and review the other pages where the data appears in a more understandable format.
A. The state Division of Taxation has mandated this print format for scannable returns, as it makes it easier for their scanner to read the amounts. This format is only used on Pages 1-6 of the CBT-100 and CBT-100S. Amounts on the other pages of the return should print normally.
A. Form CAR-100-M, the annual report form, must now be filed and paid electronically via the website http://www.state.nj.us/treasury/revenue/dcr/programs/ann_rpt.html. This form is no longer filed with the corporate return, and the due dates for the annual report may have changed for your corporation. Form CAR-100-M may still be processed by forcing it to print on
A. The 2D barcode is mandatory.
A. Make an entry in the "X for CBT-100" box. This is required to produce the CBT-100 when the federal return is an S corporation.
A. New Jersey corporation returns are due on the fifteenth day of the fourth month following the close of the corporations tax year. Calendar year corporations are due April 15th.
A. The late payment penalty is computed at 5% of the balance due paid after the due date for filing.
The late filing penalty is computed as 5% per month or fraction thereof on the amount due with the return, not to exceed 25% of the liability.
A. The version of CBT-100/100S that gets produced is based on when your accounting period ends, based on your calendar or fiscal year entries on the federal return. Unlike the federal forms, which are based on a January through December year, the CBT-100/100S is based on a July through June year. If your corporation is using a calendar year (ending December 31), the CBT-100/100S will be the 2013 forms. If you are using a fiscal year that ends after June 30, 2014, the CBT-100/100S will print on the 2014 forms. For example, a tax year beginning on 9/1/13 and ending on 8/31/14 will be filed on the 2013 federal Form 1120S; the same tax year must be filed on a 2014 NJ CBT-100S.
The 2014 forms are expected to become available during early fall of the preceding year.
A. For years beginning in 2007 and later, the rate on entire net income is 0%. Only corporations subject to federal S corporation taxes pay tax based on income.
If the corporation is a New Jersey corporation, rather than a New Jersey S corporation, entire net income is taxed at 9%. If the entire net income (page 1, line 1) is less than $100,000, we compute the tax based on the reduced rate for small corporations of 7.5%. If the entire net income is less than $50,000, the tax is based on a rate of 6.5%
A. You may give an answer to the question in the form of a phrase such as, "corporate address" rather than repeat the entire address, city, state and zip code. If you prefer that the information print in a statement. Answer the question with "see statement" and attach your own statement with the information.
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