New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 7 - CORPORATION BUSINESS TAX ACT
Subchapter 11 - RETURNS
Section 18:7-11.17A - Federal returns, forms, schedules, and extracts mandatory to include as part of a full and complete New Jersey corporation business tax return

Universal Citation: NJ Admin Code 18:7-11.17A

Current through Register Vol. 56, No. 6, March 18, 2024

(a) For privilege periods ending on and after July 31, 2020, as part of a full and complete New Jersey corporation business tax return, a taxpayer or managerial member of a combined group must submit copies or pertinent extracts of its Federal income tax returns, or of any other tax return filed with any agency of the Federal government, or of this State or any other state, or of any statement or registration made pursuant to any state or Federal law pertaining to securities or Securities Exchange Commission regulations. The following Federal returns, forms, schedules, and extracts are necessary to include:

1. A copy of the Federal return (or returns of each member in the case of a combined group) that was filed with the Internal Revenue Service for the privilege period (for example, Forms 1120, 1120-F, 1120-S, etc., as applicable);

2. Form 8993;

3. Form 8992;

4. Form 8990;

5. Form 5471;

6. Form 1125-A;

7. Form 851;

8. Form 1125-E;

9. Form 8858;

10. Form 4562;

11. Form 5472;

12. Form 1118;

13. Schedule M-3;

14. Schedule D;

15. Form 4797; and

16. Schedule UTP.

(b) Failure to include a copy of the Federal return and the above forms and schedules (if the taxpayer attached said forms or schedules as part of their original or amended Federal return) filed with the Internal Revenue Service, shall result in an incomplete New Jersey corporation business tax return and the taxpayer may be assessed penalties and interest for noncompliance.

(c) In lieu of completing certain riders for certain parts of the New Jersey corporation business tax return or certain schedules of the New Jersey corporation business tax return, where the taxpayer completed and filed certain forms or schedules for Federal purposes, other than the forms and schedules required to be included as prescribed at (a) above, that contain identical or substantially similar information, the taxpayer may include such Federal forms or schedules.

(d) If the taxpayer was not required to complete a form or schedule listed at (a) above as part of their full and complete Federal tax return filed with the Internal Revenue Services, then the taxpayer is not required to attach said form or schedule with their New Jersey corporation business tax return.

(e) All Federal forms and schedules not required pursuant to this section must be made available to the Division of Taxation, upon request.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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