Upload Data To Legal New Jersey Debt Relief Forms For Free

The process of filing a Corporate Tax Return (Form CBT 100) is very straightforward. You can file the form online by visiting the New Jersey Division of Taxation website. You can also use an accountant or a tax professional to file the form.

Corporations Required to File Every corporation that has elected and qualifies pursuant to Section 1361 of the Internal Revenue Code and has qualified and been accepted as a New Jersey S corporation is required to file a CBT-100S (unless they elect to be part of a combined group).

You (or your spouse/civil union partner) were: 65 or older as of December 31, 2021; or. Actually receiving federal Social Security disability benefit payments (not benefit payments received on behalf of someone else) on or before December 31, 2021, and on or before December 31, 2022.

For Income Tax (GIT) purposes, cancellation of debt (COD) or forgiveness of debt income is not subject to tax. For example, student loan debt forgiveness. Do not include COD or forgiven loan amounts on an Individual Income Tax return.

Late Filing Penalties: 5% per month (or fraction thereof) of the balance of tax liability due at original return due date not to exceed 25% of such tax liability. A penalty of $100 per month (or fraction thereof) for each month the return is late will also be imposed.

Employers use the Form NJ-500 Monthly Remittance of Gross Income Tax Withheld to remit tax for either of the first two months of a quarter whenever the amount due for either month is $500 or more. Form NJ-500 is due on or before the 15th day of the month following the end of the reporting period.