NJGen
NJ1
NJGen (2015)
New Jersey Corporate Income Tax Return General Information
New Jersey corporation number Initial return (If different from federal) Initial 1120-S return (S Corp) Final return (If different from federal) Date of New Jersey S corp election (S Corp) (If different from date of federal S corp election) Date authorized for business in New Jersey (If different from date of incorporation) Entity code
1 2 3 4 5 6 7
1 = Domestic
4 = Real estate investment company
2 = Foreign
5 = Regulated investment company
3 = Investment company
6 = Affiliated group with payroll exceeding $5 million
Affiliated group schedule of payroll per member Corporation books are: In care of At City, state, zip (Electronic filing only) Foreign country (Electronic filing only) File Schedule I, Certification of Inactivity File Schedule N, Nexus-Immune Activity Declaration General footnote
8
9 10 11
2015 CORPORATION / S CORPORATION
12 14
13 15 16 17 19
NJEst
NJ2
NJEst (2015)
New Jersey Estimates Overpayment Application
Application of current year overpayment
1
1 = Refund 100% of overpayment
5 = Apply amount specified below to estimates until exhausted; refund excess
2 = Apply 100% to next year's estimates; refund excess
6 = Apply to first and second estimates; refund excess
3 = Apply to first estimate; refund excess
7 = Apply 100% of overpayment; no refund
4 = Apply equally to each estimate; refund excess
8 = Apply amount below
Amount for code #5 or #8
2
Estimates
Form CBT-150 - declaration for next year
3
1 = Use current year liability
7 = 100% installment of current year if equal to $500 ($375 for S corps)
2 = Use current year liability adjusted by amount below
8 = Use current year facts at next year's rates
5 = Use amounts entered below, before overpayment
9 = Use amounts entered below (If applying overpayment, only use code 7 or 8)
6 = 50% installment of current year if equal to $500 ($375 for S corps)
10 = Combined 3rd quarter with 2nd quarter
Amount for code #2
4
Amounts for code #5, #9 or next year estimates paid: 1st payment 2nd payment 3rd payment 4th payment Number of estimates desired Amount to round up each estimate
2015 CORPORATION / S CORPORATION
Next Year Estimates Paid
Amounts for Code #5 or #9 5
9
6
10
7
11
8
12 13 14
NJPen
NJ3
NJPen (2015)
New Jersey Penalties and Interest General Information
Date return filed (If different from original due date of return) Prior year entire net income Prior year tax Prior year taxable income base Suppress penalties on CBT-100 or CBT-100S: Underpayment of estimated tax Late interest Failure to file Failure to pay
1 2 3 4
5 6 7 8
Annualized Income Installment Method
Annualized tax: 22.5% 45.0% 67.5% 90.0%
9 10 11 12
2015 CORPORATION / S CORPORATION
NJPmt
NJ4
NJPmt (2015)
New Jersey Payments and Extension Payments
Prior year overpayment Prior year installment payment Total, or Treat calculated amounts as paid Specific payments if unequal or not timely: 1st payment 2nd payment 3rd payment 4th payment 5th payment Paid with extension (For page 1 of the return)
1 2 3 4
Date paid
Amount paid
Calculated amount
5
6
7
8
9
10
11
12
13
14
15
16
17
18 19
Extension
Calculate extension
20
1 = Use 100% of current year liability 2 = Use 90% of current year liability 3 = Use tax on prior year's income using current year's rates
Tax on prior year's income using current year's rates (Option 3 only) Extended due date (For filing instructions, penalties and interest calculations) Total tax and fee due (Force) Balance due on extension (Force)
2015 CORPORATION / S CORPORATION
21 22 23 24
NJBS
2015 NJ5
Overflow #
NJ Schedule B - Balance Sheet † These end of the year force amounts default to federal Assets
#
Class
[§ 1] Subsidiary and corporate stock [Desc (29)]
Beginning of Year
End of Year
Amount [1]
Amount [2]
Class: BN = Bonds, mortgages, notes; CS = Corporate stock (Default), SS = Stock of subsidiaries, X = Excluded Amount [3] # Class [§ 3] NJ and other gov obligations [Desc (29)]
Amount [4]
Class: OO= Other obligations (Default), SO = State obligations, X = Excluded
Assets #
Class [§ 5] Patents/copyright/goodwill/other intang [Desc (29)]
Beginning of Year Amount [5]
Accountant computed Amounts
End of Year Amount [6]†
Class: DC = Deferred charges, GW = Goodwill, OI = Other intangible personal property (Default), PA = Patents and copyrights, X = Excluded Amount [8] Amount [9]† # Class [§ 8] Accumulated amortization [Desc (29)] Class: DC = Deferred charges, GW = Goodwill, OI = Other intangible personal property (Default), PA = Patents and copyrights, X = Excluded
#
[§ 11] Land (net of any amortization) [Desc (29)]
Amount [11]
Amount [12]†
Class: I = Include (Default), X = Exclude
Capital Assets
Beginning of Year
Accountant computed Amounts
End of Year
#
Class [§ 14] Bldg/improvements, machinery/equipment[Desc (29)]
Amount [14]
Amount [15]†
#
Class
[§ 17] Accumulated depreciation [Desc (29)]
Amount [17]
Amount [18]†
#
Class
[§ 20] Depletable assets [Desc (29)]
Amount [20]
Amount [21]†
#
Class
[§ 23] Accumulated depreciation [Desc (29)]
Amount [23]
Amount [24]†
Class: AB = A/D bldgs, AM = A/D machinery, BG = Bldgs & other improvements, DA = Depletable assets net, Me = Machinery & equip (Default), X = Exclude
#
Class
[§ 26] Other Assets [Description (29)]
Amount [26]
Amount [27]†
Class: OI = Other intangible personal property, OT = Other tangible property (default), X = Excluded
NJ Schedule C - Reconciliation of Income and Books Net income (Loss) per books (Force) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [28] #
*Code: I= Include (Default), X = Exclude
Description (29)
Federal Amount
Taxable income not on books . . . . . . . . . [§ 29] Book expenses not deducted . . . . . . . . . . [§ 30] Income on books not on return . . . . . . . . . [§ 31] Return deductions not on books . . . . . . . . [§ 32] NJ Adjustment Force. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [33] .
NJ Federal S Corp Filing CBT-100 Schedule C-1 Other increases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [34] Distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[35] Other decreases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[36] NJ Adjustment (Force) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [37]
5CNJADJ1
01
01/04/16
CORPORATION
ExacTax, Inc.
NJ5
NJAdj
2015 NJ6
Overflow #
NJ Schedule A - Entire Net Income
1120S contributions carryover (S Corp) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [1] #
Description (29)
Amount [2]
#
Description (29)
Amount [3]
#
Description (29)
Amount [4]
Other deductions and additions . . . . . . . . . . . . . . . [§ 2]
Tax state refunds . . . . . . .. . . . . . . . . . . . . . . . . . . . [§ 3]
Investment Expenses . . . . . . . . . . . . . . . . . . . . . . . [§ 4]
LIFO recapture income (For CBT-100S, Schedule A, line 43 only) (S Corp) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[5] Deduction for IRC Section 78 gross up (S Corp) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [6] Calculated Amount
Force
[7]
Gain/loss reported separately from federal Sch K, line 17d (S Corp) . . . . . . . . . . . . . Section 179 included in gain/loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
NJ Schedule E - General Information
NJAdj2
Change to taxable income determined by IRS and not reported to NJ? . . . . . . . . . . . . . . .(1 = Yes, 2 = No (Default)) [1] [§ 2] Did one or more corporations own or control a majority of the stock? (C Corp) If so enter Name of Controlled Corporation (36) % of Stock (xxx.xxxx) # Code*
* Code I = Include (Default), X = Excluded
By Whom Controlled (26)
If capital stock of taxpayer listed on exchange, list exchanges on Form EXP {90} . . . . . . . . . . . . . . . . . . . . . . . . . . [3] [§ 4] Licensed professional corp owners, s/h, employees as of first day of privilege period Name (26) Address (26) City (20) #
ST
ZIP
FID or SSN
Is income from outside the US included in entire net income? . . . . . . . . . . . . (1 = Yes , 2 = No, Blank = N/A (Default)) [5] Detail of foreign income, deductions and taxes for part (b) . . . . [6] Did taxpayer acquire or dispose of a controlling interest in certain comm prop? . . . . . . . . (1 = Yes , 2 = No (Default) [7]
NJ Schedule F - Officer Compensation ** Pos D = Director, P = President, V = Vice-President, S = Secretary, T = Treasurer [§ 8] Officer Compensation Name (25) Address (25) City #
SSN
Pos**
Date From
Date To
Name (25)
# SSN
Pos**
Common % Owned (xxx.xx)
Prefered % Owned (xxx.xx)
Address (25) Date From
Date To
Common % Owned (xxx.xx)
State
City
Zip Amount [8]
State
Prefered % Owned (xxx.xx)
Zip Amount [8]
Less: Compensation of officers claimed elsewhere on return (S Corp) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [9]
NJ Schedule H - Taxes #
Loc† Code
Class†† Code
Amount
[§ 10] Taxes (Description is from Federal Form IncDed {20})
Enter the corresponding line number from Federal Form IncDed [20] (ZIP 16). The description and amount are automatically retrieved. † Loc:
†† Class:
O = Out of state F = Federal I = Instate (Default) R = Foreign L = City and Local X = Excluded S = Sales/use tax
CR = Income tax paid to both NJ & other state that qualifies for credit GT = Other/general tax (Default) OT = Occupancy tax
P1 = Payroll tax PT = Local property tax
FT =Corporation Franchise tax
NJ Schedule M - Investment Companies (C Corp Only) Registration number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [11] Date registered with SEC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [12] Has the taxpayer satisfied the requirements of IRC Section 852(a)? . . . . . . . . . . . . . . .(1 = Yes (Default), 2 = No) [13] 5CNJADJ2
01
01/04/16
CORPORATION
ExacTax, Inc.
NJ6
NJAdj3
2014
Overflow #
NJ Schedule O
NJ7
Part I - Total nonoperational Income ( C Corp). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [1] . Part I, Line 34 - Current period nonoperational activity (S Corp). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [2] Part III, Line 31 - Allocated nonoperational income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [3]
NJ Schedule P/P-1 - Investment Analysis [§ 4] Subsidiary investment analysis (Schedule P) Name of Subsidiary (24) Voting Percent (xxx.xxxx) Non-Voting % (xxx.xxxx) #
[§ 5] Partnership investment analysis (Schedule P-1) Partnership Name LLC or Other (22) Date Org # Tax Acct Method** #
New Jersey Nexus†
#
Payment by Partnership [6]
Partnership Name LLC or Other (22)
Tax Acct Method**
New Jersey Nexus†
New Jersey Nexus†
Date Org
Date Org
Pct Owned (xxx.xx)
Type of Partner*
Federal ID #
Pct Owned (xxx.xx)
Type of Partner*
** Tax Accounting Method codes: F = Flow-through, S = Separate accounting
State Org
Payment by Partnership [5]
Federal ID #
Dividend Income [4]
* Type of Partner codes: G = General Partner, L = Limited Partner
State Org
Payment by Partnership [6]
Partnership Name LLC or Other (22)
Tax Acct Method**
State Org
Book Value
Federal ID #
Pct Owned (xxx.xx)
Type of Partner*
† New Jersey Nexus codes: N = No, Y = Yes
NJ Schedule PC - Licensed Professional Fee Number of resident and nonresident professionals with physical nexus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [6] Number of nonresident professionals without physical nexus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [7] Prior year installment payment and credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [8]
NJ Schedule Q – Qualified Subchapter S Subsidiaries [§ 9] Parent corporation’s name address and FID # if a QSSS (S Corp) Name (36) Address (34) #
Federal ID No
NJ QSSSS Election
Activity in Return
Federal ID No
NJ QSSSS Election
Activity in Return
[§ 10] QSSS’s names, address and FID # if corporation owns any QSSS Name (36)
#
Address (34)
NJ Schedule R – Dividend Exclusion Dividend income included in Schedule A (Fed S Corp filing CBT-100 or CBT-100S) . . . . . . . . . . . . . . . . . . . . . . . [11] Dividend income from investment owning less than 50% stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [12]
5CNJADJ3
01
01/04/16
CORPORATION
ExacTax, Inc.
NJ7
NJAB
2015 NJ8
Overflow #
NJ Schedule G, Part I – Interest Addback
Related member (35) . . . . . . . . [1] Federal ID number . . . . . . . . . . [2] Relationship to taxpayer (16) . . . [3] Amount deducted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[4] [§ 5] Additional related members Related member (35) #
Federal ID No
Relationship to Taxpayer (16)
Amount Deducted [5]
NJ Sch G-2, Pt I, Exception 1 – Payee Member in Foreign Nation Related member (35) . . . . . . . . [6] Name of foreign nation (14) . . . . [7] Description of treaty (13) . . . . . . [8] Amount deducted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [9] [§ 10] Additional related members Related member (35) #
Foreign Nation (14)
Description of Treaty (13) Amount Deducted [10]
NJ Sch G-2, Pt I, Exception 2 – Payee Member Taxed Elsewhere Related member’s tax liability must be greater than jurisdiction’s statutory minimum
Related member (35) . . . . . . . .[11] Federal ID number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [12] Fiscal period of related member (Defaults to tax year end) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (mm/dd/yy) [13] State or nation related member is subject to tax on income or receipts (23) . . . . . [14] Amount of net interest income subject to tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [15] Amount of interest claimed as deductible . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [16] Tax rate of other state (Enter as fractional rate, e.g. 0.05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (x.xxxx) [17] Apportionment factor of other state . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (x.xxxxxx) [18] [§ 19] Additional related members Related member (19)
#
Amount deducted
Federal ID No
Other State Tax Rate (x.xxxx)
Fiscal Period
State Subject to Tax (17)
Income Subject to Tax
Other State Apportionment Factor (x.xxxxxx)
NJ Sch G-2, Pt I, Exception 3 – Payee Member Files Return in New Jersey Related member’s tax liability must be greater than jurisdiction’s statutory minimum
Related member (35) . . . . . . . .[20] Federal ID number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [21] Fiscal period of related member (Defaults to tax year end) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (mm/dd/yy) [22] Amount of interest claimed as deductible . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [23] Related member NJ entire net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [24] Related member NJ allocation factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (x.xxxxxx) [25] Related member NJ tax rate (Enter as fractional rate, e.g. 0.05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (x.xxx) [26] [§ 27] Additional related members Related member (35) #
Federal ID No
Fiscal Period
Factor Amount deducted NJ Entire Net Inc Alloc (x.xxxxxx)
NJ Rate (x.xxxx)
NJ Sch G-2, Pt I, Exception 4 – Independent Lender Payee Taxpayer must guarantee debt upon which the interest is required
Name of Independent Lender (35) [28] Amount of indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [29] Amount deducted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [30] [§ 31] Additional Independent Lenders Independent Lenders (35) #
5CNJAB1
01
01/04/16
Amount of indebtedness
CORPORATION
Amount Deducted [31]
ExacTax, Inc.
NJAB2
2015 NJ9
NJ Schedule G, Part II – Intangible Expenses and Costs Overflow #
Related member (35) . . . . . . . . . . . . . . . . . . . . [1] Federal ID number . . . . . . . . . . . . . . . . . . . . . .[2] Relationship to taxpayer (19) . . . . . . . . . . . . . . [3] Type of intangible expense deducted (19) . . . . [4] Amount deducted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[5] [§ 6] Additional related members intangible expense Related member (35) Federal ID No #
Relationship to Taxpayer (16)
Type of intangible expense deducted (16)
Amount Deducted [6]
NJ Sch G-2, Pt II, Exception 1 – Payee Member in Foreign Nation Related member (35) . . . . . . . . [7] Name of foreign nation (14) . . . . [8] Description of treaty (13) . . . . . . [9] Amount of intangible expenses and costs claimed as deductible . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [10] [§ 11] Additional related members intangible expense Related member (35) #
Foreign Nation (16)
Description of Treaty (13) Amount Deducted [11]
NJ Sch G-2, Pt II, Exception 2 – Payee Member Files Return in New Jersey Related member (35) . . . . . . . .[12] Federal ID number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [13] Fiscal period of related member (Defaults to tax year end) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (mm/dd/yy) [14] Intangible expenses and costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [15] Related member NJ entire net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [16] Related member NJ allocation factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (x.xxxxxx) [17] Related member NJ tax rate (Enter as fractional rate, e.g. 0.05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (x.xxxx) [18] [§ 19] Additional related members Related member (35) #
5CNJAB2
01
01/04/16
Federal ID No
Fiscal Period
Factor Intan exp & costs NJ Entire Net Inc Alloc (x.xxxxxx)
CORPORATION
ExacTax, Inc.
NJ Rate (x.xxxx)
NJ9
NJ8903
NJ10
New Jersey Domestic Production Activities Deduction
NJ8903 (2015)
Domestic Production Activities Deduction Complete federal Screen 8903 or federal Screen 8903S Disallowed Activities
Domestic production gross receipts Simplified deduction method or Section 861 method: Allocable cost of goods sold Directly allocable deductions, expenses or losses Indirectly allocable deductions, expenses or losses Small business simplified overall method: Total cost of goods sold and deductions (Only if using the small business simplified overall method) Qualified production activities income from pass-through entities Income limitation Form W-2 wages Form W-2 wages from pass-through entities Domestic production activities deduction from cooperatives
1
2 3 4
5 6 7 8 9 10
Domestic Production Activities (S Corp)
Income limitation (Force) (If not New Jersey amount on Form 501, Line 9)
2015 CORPORATION / S CORPORATION
11
NJDepr2
NJ11
NJDepr2 (2015)
New Jersey Depreciation Adjustments, Page 2 Depreciation Reconciliation With Federal * Enter only when not using detailed asset data entry
Section 179 deduction, Part I, Form 4562 Special depreciation allowance for property acquired after 9/10/01 MACRS for assets placed in service in accounting periods beginning on or after 7/7/93 MACRS for assets with bonus and excess section 179 depreciation MACRS for assets placed in service in accounting periods beginning prior to 7/7/93 ACRS Other depreciation, after 12/31/80 Other depreciation, prior to 1/1/81 Listed property on or after 7/7/93 Listed property before 7/7/93
*1 *2 *3 *4 *5 *6 *7 *8 *9 * 10
State Modifications * Enter only when not using detailed asset data entry
Federal depr on bonus assets placed in service in periods 1/1/02 or later (Includes bonus depreciation) *11 ACRS and MACRS from a partnership 12 IRC Section 168(f)(8): Interest 13 Rent 14 Amortization of transactional costs 15 Other deductions 16 * 17 Section 179 depreciation in excess of $25,000 New Jersey depreciation from Schedule S - Part II(A) * 18 New Jersey depreciation from Schedule S - Part II(B) * 19 Recomputed depreciation from partnerships 20 Income included due to IRC Section 168(f)(8) 21 Depreciation allowable if there was no Safe Harbor Lease election 22 Excess ACRS and MACRS over accumulated New Jersey depreciation at disposal *23 Part II
Use detail worksheet to complete Schedule S - Part II(A) Use detail worksheet to complete Schedule S - Part II(B)
* *
Depreciation for Utilities * Enter only when not using detailed asset data entry
Federal depreciation after 1/1/98 Total adjusted federal depreciable basis as of 12/31/97 Excess book depreciable basis over federal tax basis as of 12/31/97 Accumulated federal basis for all single asset account property disposed of to date
2015 CORPORATION / S CORPORATION
* 26 27 28 29
24 25
NJDepr
NJ12
New Jersey Depreciation Adjustments
NJDepr (2015)
Adjustments for State Differences in Depreciation
Depreciation and disposition adjustments
1
Adjustments for GIT-DEP Worksheet (S Corp)
Depreciation and disposition adjustments Section 179 recapture adjustment
2015 CORPORATION / S CORPORATION
2 3
NJNOL
NJ13
NJNOL (2015)
New Jersey Net Operating Loss High Technology Net Operating Loss Preceding Tax Year
1998 1999 2000 2001
High Technology (NOL)
Tax Year
(Not included in income)
(If different from federal)
(Tax years beginning on or after July 1, 1998 only)
1
Prior Year High Technology NOL Utilized
2
3
4
5
6
7
8
9
10
11
12
Net Operating Loss Preceding Tax Year
7th 6th 5th 4th 3rd 2nd 1st
Tax Year (If different from federal)
Taxable Income (Loss)
New Jersey Adjustments
Prior Year Regular (Income Offset) NOL Utilized
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
Net operating loss footnote
41
2015 CORPORATION / S CORPORATION
NJCr
NJ Schedules A-3 - Credits
Overflow #
2015 NJ14
Angel investor tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [1] Grow New Jersey credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [2] Wind energy facility credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [3] Urban transit hub credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [4] Business retention and relocation tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[5] Neighborhood revitalization state tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [6] Film production tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [7] Sheltered workshop tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [8] Alternative minimum assessment tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[9] Economic recovery tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [10] Effluent equipment tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [11] Health maintenance organization assistance fund tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [12] Small NJ-based high-technology business investment tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[13] New jobs investment tax credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [14] Manufacturing equipment and employment investment tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[15] Research and development tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[16] Recycling equipment tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[17] Redevelopment authority project tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[18] Urban enterprise zone employee tax credit/investment tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [19] #
Description (29)
Amount [20]
Other tax credits . . . . . . . . . . . . . . . . . . . . . . . . . . [§ 20]
Refundable Credits Refundable tax credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [. 21]
NJKey
NJ Key Corporation Election
If AMA/Throw Out payment is being paid by a key corporation: Name of elected key corporation (35) . . . . . . . . . . . . . . [1] Employer identification number of key corporation . . . . [2]
NJ Form 401 - Key Corp and Affiliates Claiming AMA Threshold Limit (C Corp) [§ 3] Schedule of affiliates liability # Name of Affiliate (35)
5CNJCR
01
01/04/16
Federal ID Number
CORPORATION
CBT Liability [3]
Excess AMA Liability [4]
ExacTax, Inc.
NJ14
NJAMA
NJ15
NJAMA (2015)
New Jersey Alternative Minimum Assessment Schedule A-GR and Schedule AM, Part I - NJ Gross Receipts Enter amounts only if different from amounts allocated and apportioned to New Jersey Force
Default gross receipts to (1 = Sale of tangible personal property, 2 = Services) (Nonapportioning corporations only) Sales of tangible personal property shipped to points within New Jersey Services performed in New Jersey Rentals of property situated in New Jersey Royalties for the use in New Jersey of patents and copyrights All other business receipts earned in New Jersey
1 2 3 4 5 6
Schedule AM, Part III - Current and Prior Year (C Corp) Third Prior Year
Not required to file New Jersey CBT return New Jersey gross receipts New Jersey cost of goods sold
Second Prior Year
7
Prior Year
10
13
8
11
14
9
12
15
Schedule AM, Part VI - Alternative Minimum Tax (C Corp)
Method of AMA computation (1 = Gross receipts method, 2 = Gross profits method) (If not initial year of return) Privilege period that computation option was chosen Exclude from AMA calculation (If not an investment company)
2015 CORPORATION / S CORPORATION
16 17 18
NJ1377
NJ16
NJ1377 (2015)
New Jersey IRC 1377(a)(2) Election General Information
Calculate New Jersey 1377(a)(2) election Date of shareholder termination
1 2
13
Income (Loss) Allocations
Gain/(loss) on 179 property allocated to New Jersey Other S Corporation income allocated to New Jersey Gain/(loss) on 179 property not allocated to New Jersey Other S Corporation income not allocated to New Jersey
3
14
4
15
5
16
6
17
Shareholder's New Jersey Accumulated Adjustments Account
New Jersey other income (loss) Non-New Jersey other income (loss) New Jersey other reductions Non-New Jersey other reductions
7
18
8
19
9
20
10
21
Shareholder's New Jersey Earnings and Profits Account
Additions and adjustments
11
22
Health Enterprize Zone Deduction
Health enterprise zone deduction
12
2015 CORPORATION / S CORPORATION
23
NJPOA
NJ19
NJPOA (2015)
New Jersey Power of Attorney General Information
No notices to representative Copies of notices to be sent to second representative (1 = Yes, 2 = No) NOT revoking prior power of attorney
1 2 3
Appointee Information
Representative #1 PTIN, EIN or SSN Representative name Representative address City, state, zip code Telephone number Fax number Representative #2 PTIN, EIN or SSN Representative name Representative address City, state, zip code Telephone number Fax number
5 6 7 8
9
10 11 12
14 15 16 17
18
19 20 21
Tax Matters Information
All tax matters Type of tax Year(s) or period(s) Type of tax Year(s) or period(s)
22 23 24 25 26
2015 CORPORATION / S CORPORATION
NJK1
NJ24
New Jersey Shareholders' Share of Income and Deductions
NJK1 (2015)
Schedule K and K-1 Information
Taxes paid on behalf of shareholders (For Schedule K part 2 line 4b and Schedule A line 35) Losses included in line 3 under NJSA 54A:6-14 and 6-14.1 Tax-exempt interest Gains included in line 3 under NJSA 54A:6-14 and 6-14.1 Schedule K other additions Schedule K other subtractions New Jersey AAA beginning balance (If different from amounts entered in View > Shareholder Information) Non-New Jersey AAA beginning balance (If different from amounts entered in View > Shareholder Information) New Jersey other reductions Non-New Jersey other reductions New Jersey E&P beginning balance New Jersey E&P additions and adjustments Health enterprise zone deduction
1 2 3 4 5 6 7 8 9 10 11 12 13
Schedule K Liquidate Information
Corporation completely liquidated during taxable year Date assets were fully disposed Date shareholders' stock was fully disposed Short-term gain or (loss) from disposition of assets in complete liquidation Long-term gain or (loss) from disposition of assets in complete liquidation Gain or (loss) under sections 1231 and 179 from dispositions in complete liquidation Other income from disposition of assets in complete liquidation Other Schedule K additions upon disposition of assets in complete liquidation Other Schedule K subtractions upon disposition of assets in complete liquidation Depreciation adjustment from GIT-DEP worksheet upon disposition of assets Current non-operational activity upon disposition of assets in complete liquidation Non-operational income or (loss) on disposition of assets in complete liquidation New Jersey CBT reported on CBT-100S
2015 CORPORATION / S CORPORATION
14 15 16 17 18 19 20 21 22 23 24 25 26
NJ2553
NJ28
NJ2553 (2015)
New Jersey S Corp and QSSS Election Corporate Information
Initial S Corporation election Unauthorized foreign entity electing New Jersey S Corporation status New Jersey QSSS election Change in S or QSSS Corporation shareholders (S Corp) Corporation has changed name or address in past 12 months Legal representative if not corporate officer Name 6 Telephone number Federal S Corporation election has been applied for Effective date of federal S Corporation election Initial tax period for which New Jersey S Corporation or QSSS election shall be effective: Tax year beginning Tax year ending Accounting period is for a 52-53 week tax year
1 2 3 4 5
7 8 9
10 11 12
QSSS Corporate Parent Information
Corporate parent: Name Address City, state, zip EIN Corporate parent officer title
13 14 15
16
17 18
19
Retroactive Election
Date requested to begin retroactive election Number of calendar or fiscal periods included
2015 CORPORATION / S CORPORATION
20 21
NJBank
NJ29
NJBank (2015)
New Jersey Electronic Funds Withdrawal Account Information
Name of financial institution Routing transit number Account number Type of account (1 = Checking, 2 = Savings) Non-US financial institution
1 2 3 4 6
2015 CORPORATION / S CORPORATION
NJELF
NJ30
NJELF (2015)
New Jersey Electronic Filing General Information
Suppress New Jersey electronic file(s) when filing federal return or extension electronically Suppress return and extension electronic files when only filing other returns electronically Electronic funds withdrawal for balance due returns: Requested payment date (Mandatory if using the electronic funds withdrawal method) Amount of tax payment (Force) Electronic funds withdrawal for extension: Requested payment date (Mandatory if using the electronic funds withdrawal method) Credit card: Return balance due Estimated tax payments
1 2
3 4
5
6 22
Calculated Value
Name control
7
Force 8
Estimate Information
Suppress estimate electronic file(s) Electronic funds withdrawal for Form CBT-150 / CBT-150S estimated payments: Withdrawal dates for Form CBT-150 / CBT-150S (If different from due date) Create Electronic File 1st payment 10 2nd payment 12 3rd payment 14 4th payment 16
9
Withdrawal Date 11 13 15 17
Annual Report Information
Suppress annual report when only filing other returns electronically Electronic funds withdrawal for annual report balance due returns: Requested payment date (Mandatory when filing annual report)
2015 CORPORATION / S CORPORATION
18
21
NJKSep
NJ35
NJKSep (2015)
New Jersey Shareholders' Separately Stated Items Section A Description
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
2015 CORPORATION / S CORPORATION
NJAmend
NJ36
NJAmend (2015)
New Jersey Amended Return General Information
Explanation of changes
1
Amounts as Previously Reported
Transfer original information Tax paid with (or after) original return Overpayment on original return
2 3 4
Amended Amounts
Penalty and interest Overpayment to be applied
5 6
2015 CORPORATION / S CORPORATION
NJAR
NJ37
NJAR (2015)
New Jersey Annual Report General Information
Principal business address in New Jersey: (If different from corporate address) Address City, state, zip 2 Officer / director information Agent information: (If different from officer information on federal Screen 1120) Corporation is changing registered agent or office Agent name Address City, state, zip 9 Foreign country Due date of annual report (If other than calculated due date) Annual report fee (If other than calculated amount) Payment years (Use format 20XX) (If other than current year)
2015 CORPORATION / S CORPORATION
1 3
4 5
6 7 8 10
11
12
13 14 15 16