CAUTION
These forms are for reference only.
DO NOT mail to the Division of Taxation.
Form CBT-100S and all related forms and
schedules must be filed electronically. See
our website for more information.
|
CAUTION
These forms are for reference only.
DO NOT mail to the Division of Taxation.
Form CBT-100S and all related forms and
schedules must be filed electronically. See
our website for more information.
|
|
2021 – CBT-100S – Page 1
2021 DO NOT MAIL THIS FORM
New Jersey Corporation Business Tax Return
CBT-100S For Tax Years Ending On or After July 31, 2021 Through June 30, 2022
Tax year beginning _________, ____, and ending __________, ____
The surtax enacted under P.L. 2018, c.48 does not apply to New Jersey S corporations.
FEDERAL EMPLOYER I.D. NUMBER N.J. CORPORATION NUM-
BER Date of NJ S Corporation election
CORPORATION NAME State and date of incorporation
Date authorized to do business in New Jersey
MAILING ADDRESS Federal business activity code
Corporation books are in the care of
CITY STATE ZIP CODE at
Phone Number ( )
Check if applicable (see instructions):
Check applicable return type: Initial Amended Professional Corporation Qualified Subchapter S Subsidiary
Enter Amended code: If code 10, enter reason: Claiming P.L. 86-272 Parent ID#:
1. Taxable net income subject to federal corporate income taxation from Schedule A, Part II, line 5 (if a
net loss, enter zero). ................................................................................................................................. 1. XXXXXXXXXXXXXXXXXXXXX
2. AMOUNT OF TAX – Multiply line 1 by the applicable tax rate (see instructions) ..................................... 2. XXXXXXXXXXXXXXXXXXXXX
3. Tax Credits (from Schedule A-3, Part I, line 28) (see instructions) ........................................................... 3. XXXXXXXXXXXXXXXXXXXXX
4. TAX LIABILITY – Subtract line 3 from line 2 or enter the minimum tax from Schedule A-GR, whichever is
greater (see instructions) ............................................................................................................................ 4. XXXXXXXXXXXXXXXXXXXXX
5. Installment Payment (only applies if line 4 is $375 or less – see instructions) ......................................... 5. XXXXXXXXXXXXXXXXXXXXX
6. Professional Corporation Fees (Schedule PC, Part II, line 7) .................................................................. 6. XXXXXXXXXXXXXXXXXXXXX
7. TOTAL TAX AND PROFESSIONAL CORPORATION FEES (add lines 4, 5, and 6) ................................ 7. XXXXXXXXXXXXXXXXXXXXX
8. a. Payments and Credits (see instructions) .............................................................................................. 8a. XXXXXXXXXXXXXXXXXXXXX
b. Payments made by Partnerships on behalf of taxpayer (include copies of all NJK-1s) ....................... 8b. XXXXXXXXXXXXXXXXXXXXX
c. Refundable Tax Credits (from Schedule A-3, Part II, line 5) (see instructions) ..................................... 8c. XXXXXXXXXXXXXXXXXXXXX
d. Total Payments and Credits – Add lines 8a, 8b, and 8c ....................................................................... 8d. XXXXXXXXXXXXXXXXXXXXX
9. Balance of Tax Due – If line 8d is less than line 7, subtract line 8d from line 7 ........................................ 9. XXXXXXXXXXXXXXXXXXXXX
10. Pro Rata Share of S Corp Income for nonconsenting shareholders (from Schedule K, Part VII, line 6,
column C or Schedule K Liquidated, Part VII, line 6 columns C plus E) .................................................. 10. XXXXXXXXXXXXXXXXXXXXX
11. Gross Income Tax paid on behalf of nonconsenting shareholders (see instructions) .............................. 11. XXXXXXXXXXXXXXXXXXXXX
12. Penalty and Interest Due (see instructions).............................................................................................. 12. XXXXXXXXXXXXXXXXXXXXX
13. Total Balance Due – Add lines 9, 11, and 12 ............................................................................................ 13. XXXXXXXXXXXXXXXXXXXXX
14. Amount Overpaid – If line 8d is greater than the sum of lines 7, 11, and 12, subtract lines 7, 11, and 12
from line 8d ............................................................................................................................................... 14. XXXXXXXXXXXXXXXXXXXXX
15. Amount of line 14 to be Refunded ............................................................................................................ 15. XXXXXXXXXXXXXXXXXXXXX
16. Amount of line 14 to be Credited to 2022 Tax Return ............................................................................... 16. XXXXXXXXXXXXXXXXXXXXX
17. Amount of line 14 to be Credited to a Combined Group and tax year to Unitary ID Number
which it is to be applied 2021 or 2022 ................................. NU 17. XXXXXXXXXXXXXXXXXXXXX
If the corporation is inactive, page 1, the Annual General Questionnaire, and Schedules A (parts I and II), A-2, A-3, A-4, and A-GR must
be completed. A corporate officer must sign and certify below:
By marking the check box to the left, I certify that the corporation did not conduct any business, did not have any income, receipts, or
expenses, and did not own any assets during the entire period covered by the tax return.
CERTIFICATION OF INACTIVITY (See instructions) (Date) (Signature of Corporate Officer) (Title)
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules, forms, and statements, and to the
best of my knowledge and belief, it is true, correct, and complete. I understand that pursuant to N.J.S.A. 54:10A-14(a), I must include copies
of the federal return(s), forms, and schedules with my New Jersey return. If prepared by a person other than the taxpayer, this declaration is
based on all information of which the preparer has any knowledge.
(Date) (Signature of Duly Authorized Officer of Taxpayer) (Title)
VERIFICATION (See instructions) (Date) (Signature of Individual Preparing Return) (Address) (Preparer’s ID Number)
SIGNATURE AND (Name of Tax Preparer’s Employer) (Address) (Employer’s ID Number)
|
|
2021 – CBT-100S – Page 2
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
ANNUAL GENERAL QUESTIONNAIRE (See instructions)
All taxpayers must answer the following questions. Riders must be provided where necessary.
1. Type of business
Principal products handled
2. State the location of the actual seat of management or control of the corporation
3. Did one or more other corporations own beneficially, or control, a majority of the stock of taxpayer corporation or did the same interests own
beneficially, or control, a majority of the stock of taxpayer corporation and of one or more other corporations?
Yes No
If yes, provide a rider indicating the name and FEIN of the controlled corporation, the name and FEIN of the controlling/parent corporation, and the
percentage of stock owned or controlled.
4. These questions must be answered by corporations with a controlling interest in certain commercial property.
a. During the period covered by the return, did the taxpayer acquire or dispose of directly or indirectly a controlling interest in certain commercial
property?
Yes –Answer question 4b below. No
b. Was the CITT-1, Controlling Interest Transfer Tax, filed with the Division of Taxation?
Yes. Provide a rider indicating the information and include a copy of the CITT-1.
No. Provide a rider indicating the name and FEIN of the transferee, the name and FEIN of the transferor, and the assessed value of the
property.
5. Does this corporation own any Qualified Subchapter S Subsidiaries (QSSS)?
Yes No
If yes, provide a rider indicating the name, address, and FEIN of the subsidiary, whether the subsidiary made a New Jersey QSSS election, and
whether the activities of the subsidiary are included in this return.
6. Did the taxpayer receive any deemed repatriation dividends reported under IRC §965 from a subsidiary in the taxpayer’s federal tax year 2017 or 2018
for which the taxpayer files a New Jersey 2017, 2018, or 2019 tax return?
Yes No
If yes, provide a rider indicating the name and FEIN of the subsidiary, the amount of deemed repatriation dividends, and indicate on which New Jersey
return the income was included.
7. If the taxpayer is a unitary subsidiary of a combined group filing a New Jersey combined return from which the taxpayer is excluded, did the taxpayer
distribute dividends or deemed dividends in the current tax year?
Yes No
If yes, provide a rider indicating the name and FEIN of the entity to which the dividends were paid (deemed), the amount of dividends, and unitary ID
number of the combined group.
8. Is the taxpayer an intangible holding company or is the taxpayer’s income, directly or indirectly, from intangible property or related service activities
that are deductible against the income of members of a combined group?
Yes No
If yes, provide a rider indicating the names and ID numbers of the combined group or the related members and detail the taxpayer’s income that is
deductible against their income.
9. Is income from sources outside the United States included in taxable net income on Schedule A?
Yes No NA
If yes, provide a rider indicating such items of gross income, the source, the deductions, and the amount of foreign taxes paid. Enter on Schedule A,
Part I, line 37b, the difference between the net of such income and the amount of foreign taxes paid not previously deducted (include a rider).
10. Does the taxpayer have related parties or affiliates that file combined returns in New Jersey?
Yes No
11. Is the taxpayer part of a group that files a New Jersey combined return but is excluded from the combined return?
Yes No
If yes, name of the managerial member of the combined group:
12. Has the taxpayer or the preparer completing this return on the taxpayer’s behalf taken any uncertain tax positions when filing this return or their
federal tax return? For more information see Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740-10,
formerly FASB Interpretation No. 48 (FIN 48).
Yes – Include a rider detailing the information. No
13. Does the taxpayer own or lease real or tangible property in New Jersey?
Yes No
14. Does the taxpayer have payroll in New Jersey?
Yes No
|
|
2021 – CBT-100S – Page 3
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
ALL TAXPAYERS MUST COMPLETE THIS SCHEDULE
Schedule A COMPUTATION OF NEW JERSEY TAXABLE NET INCOME (SEE INSTRUCTIONS)
PART I – COMPUTATION OF ENTIRE NET INCOME
1. Gross receipts or sales Less returns and allowances .... 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Less: Cost of goods sold (from Schedule A-2, line 8)............................................................. 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Gross profit – Subtract line 2 from line 1 ................................................................................ 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX
4. Net gain (loss) from Form 4797 (include Form 4797) (see instructions) ................................ 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX
5. Other income (loss) (include schedule) .................................................................................. 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX
6. Total Income (loss). Add lines 3 through 5.............................................................................. 6. XXXXXXXXXXXXXXXXXXXXXXXXXXX
7. Compensation of officers (from Schedule F) ........................................................................... 7. XXXXXXXXXXXXXXXXXXXXXXXXXXX
8. Salaries and wages Less jobs credit ..................... 8. XXXXXXXXXXXXXXXXXXXXXXXXXXX
9. Repairs .................................................................................................................................... 9. XXXXXXXXXXXXXXXXXXXXXXXXXXX
10. Bad debts ................................................................................................................................ 10. XXXXXXXXXXXXXXXXXXXXXXXXXXX
11. Rents ...................................................................................................................................... 11. XXXXXXXXXXXXXXXXXXXXXXXXXXX
12. Taxes ....................................................................................................................................... 12. XXXXXXXXXXXXXXXXXXXXXXXXXXX
13. Interest..................................................................................................................................... 13. XXXXXXXXXXXXXXXXXXXXXXXXXXX
14a. Depreciation ................................................................................... 14a. XXXXXXXXXX
14b. Depreciation claimed on Schedule A-2 and elsewhere on return ...... 14b. XXXXXXXXXX
14c. Subtract line 14b from line 14a ................................................................................................ 14c. XXXXXXXXXXXXXXXXXXXXXXXXXXX
15. Depletion (do not deduct oil and gas depletion) ...................................................................... 15. XXXXXXXXXXXXXXXXXXXXXXXXXXX
16. Advertising ............................................................................................................................... 16. XXXXXXXXXXXXXXXXXXXXXXXXXXX
17. Pension, profit-sharing, etc., plans .......................................................................................... 17. XXXXXXXXXXXXXXXXXXXXXXXXXXX
18. Employee benefit programs..................................................................................................... 18. XXXXXXXXXXXXXXXXXXXXXXXXXXX
19. Other deductions (include schedule) ....................................................................................... 19. XXXXXXXXXXXXXXXXXXXXXXXXXXX
20. Total deductions (add lines 7 through 19)................................................................................ 20. XXXXXXXXXXXXXXXXXXXXXXXXXXX
21. Ordinary income (loss) from trade or business activities. Subtract line 20 from line 6 (see
instructions) ............................................................................................................................. 21. XXXXXXXXXXXXXXXXXXXXXXXXXXX
22. a. Gross income from all rental activities ............................................ 22a. XXXXXXXXXX
b. Expenses related to the above rental activities (include schedule) 22b. XXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXX
c. Net income (loss) from all rental activities. Subtract line 22b from 22a ............................... 22c. XXXXXXXXXXXXXXXXXXXXXXXXXXX
23. Portfolio income (loss):
a. Interest income .................................................................................................................... 23a. XXXXXXXXXXXXXXXXXXXXXXXXXXX
b. Dividend income .................................................................................................................. 23b. XXXXXXXXXXXXXXXXXXXXXXXXXXX
c. Royalty income .................................................................................................................... 23c. XXXXXXXXXXXXXXXXXXXXXXXXXXX
d. Capital gain net income (include Schedule D (Form 1120-S)) ............................................ 23d. XXXXXXXXXXXXXXXXXXXXXXXXXXX
e. Other portfolio income (loss) (include schedule) ................................................................. 23e. XXXXXXXXXXXXXXXXXXXXXXXXXXX
24. Net gain (loss) under section 1231 (include federal Form 4797)............................................. 24. XXXXXXXXXXXXXXXXXXXXXXXXXXX
25. Other income (loss) (include schedule) ................................................................................... 25. XXXXXXXXXXXXXXXXXXXXXXXXXXX
26. Section 179 expense deduction (include federal Form 4562) (see instructions) ..................... 26. XXXXXXXXXXXXXXXXXXXXXXXXXXX
27. Deductions related to portfolio income (loss) .......................................................................... 27. XXXXXXXXXXXXXXXXXXXXXXXXXXX
28. Other deductions (include schedule) ....................................................................................... 28. XXXXXXXXXXXXXXXXXXXXXXXXXXX
29. Add lines 21 through 28........................................................................................................... 29. XXXXXXXXXXXXXXXXXXXXXXXXXXX
30. Charitable contributions (limited to 10% of line 29) ................................................................. 30. XXXXXXXXXXXXXXXXXXXXXXXXXXX
31. Taxable income before net operating loss and special deductions. Subtract line 30 from
line 29. (see instructions)......................................................................................................... 31. XXXXXXXXXXXXXXXXXXXXXXXXXXX
|
|
2021 – CBT-100S – Page 4
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule A COMPUTATION OF NEW JERSEY TAXABLE NET INCOME (SEE INSTRUCTIONS)
32. Taxable income before net operating loss and special deductions from page 3, line 31 ....... 32. XXXXXXXXXXXXXXXXXXXXXXXXXXX
33. Interest on federal, state, municipal, and other obligations not included above (see
instructions) ............................................................................................................................ 33. XXXXXXXXXXXXXXXXXXXXXXXXXXX
34. New Jersey State and other states’ income taxes deducted above (see instructions) ........... 34. XXXXXXXXXXXXXXXXXXXXXXXXXXX
35. Taxes paid by the corporation on behalf of the shareholder (see instructions) ...................... 35. XXXXXXXXXXXXXXXXXXXXXXXXXXX
36. a. Depreciation modification being added to income (from Schedule S) ................................ 36a. XXXXXXXXXXXXXXXXXXXXXXXXXXX
b. Depreciation modification being subtracted from income (from Schedule S) ..................... 36b. XXXXXXXXXXXXXXXXXXXXXXXXXXX
37. a. Deduction for IRC Section 78 Gross-up not deducted at line 43 below ............................. 37a. XXXXXXXXXXXXXXXXXXXXXXXXXXX
b. Other deductions and additions. Explain on separate rider (see instructions) ................... 37b. XXXXXXXXXXXXXXXXXXXXXXXXXXX
c. Related party interest addback (Schedule G, Part I) .......................................................... 37c. XXXXXXXXXXXXXXXXXXXXXXXXXXX
d. Related party intangibles expenses and costs addback (Schedule G, Part II) ................... 37d. XXXXXXXXXXXXXXXXXXXXXXXXXXX
e. Add back any other federally exempt income not reported elsewhere on Schedule A
(see instructions) ................................................................................................................ 37e. XXXXXXXXXXXXXXXXXXXXXXXXXXX
38. Entire net income before net operating loss deduction and dividend exclusion (net lines 32
through 37(e)) ......................................................................................................................... 38. XXXXXXXXXXXXXXXXXXXXXXXXXXX
39. Allocation factor from Schedule J (if all receipts were derived from only New Jersey
sources, enter 1.000000)........................................................................................................ 39. XXXXXXXXXXXXXXXXXXXXXXXXXXX
40. Allocated Entire Net Income before net operating loss deductions and dividend exclusion –
Multiply line 38 by line 39 and enter the result here (if zero or less, enter zero on line 45) ..... 40. XXXXXXXXXXXXXXXXXXXXXXXXXXX
41. Deduction for Current Converted Net Operation Losses (from Form 500S) (Amount en-
tered cannot be more than amount on line 40.)...................................................................... 41. XXXXXXXXXXXXXXXXXXXXXXXXXXX
42. Allocated Entire Net Income before allocated dividend exclusion – Subtract line 41 from
line 40 (if zero or less, enter zero here and on line 45) ......................................................... 42. XXXXXXXXXXXXXXXXXXXXXXXXXXX
43. Allocated Dividend Exclusion (from Schedule R, line 13)...................................................... 43. XXXXXXXXXXXXXXXXXXXXXXXXXXX
44. Reserved for future use. ........................................................................................................ 44.
45. Allocated Entire Net Income – Subtract line 43 from line 42 ................................................. 45. XXXXXXXXXXXXXXXXXXXXXXXXXXX
PART II (See instructions)
1. Entire net income that is subject to federal corporate income taxation (see instructions) ..... 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Allocation factor from Schedule J (if all receipts were derived from only New Jersey
sources, enter 1.000000)....................................................................................................... 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Allocated Entire Net Income before net operating loss deductions multiply line 1 by line 2 .. 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX
4. Deduction for Available Converted Net Operation Losses (from Form 500S) (Amount
entered cannot be more than amount on line 3.)................................................................... 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX
5. Taxable Net Income subject to federal corporate income taxation (carry to page1, line 1,
ONLY if amount is more than zero) – Subtract line 4 from line 3 .......................................... 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX
COST OF GOODS SOLD (See instructions) All data must match amounts reported on federal
Schedule A-2 Form 1125-A of the federal pro forma or federal return, whichever is applicable.
1. Inventory at beginning of year ................................................................................................ 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Purchases............................................................................................................................... 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Cost of labor ........................................................................................................................... 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX
4. Additional section 263A costs ................................................................................................. 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX
5. Other costs (include schedule) ............................................................................................... 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX
6. Total – Add lines 1 through 5 .................................................................................................. 6. XXXXXXXXXXXXXXXXXXXXXXXXXXX
7. Inventory at end of year .......................................................................................................... 7. XXXXXXXXXXXXXXXXXXXXXXXXXXX
8. Cost of goods sold – Subtract line 7 from line 6. Enter here and on Schedule A, Part I, line 2 8. XXXXXXXXXXXXXXXXXXXXXXXXXXX
|
|
2021 – CBT-100S – Page 5
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule A-3 SUMMARY OF TAX CREDITS (See instructions)
PART I – Tax Credits Used Against Liability
1. New Jobs Investment Tax Credit from Form 304 ................................................................... 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Angel Investor Tax Credit from Form 321 ............................................................................... 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Business Employment Incentive Program Tax Credit from Form 324 .................................... 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX
4. EITHER: a. Urban Enterprise Zone Employee Tax Credit from Form 300 .........................
OR b. Urban Enterprise Zone Investment Tax Credit from Form 301 ........................ 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX
5. Redevelopment Authority Project Tax Credit from Form 302 ................................................. 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX
6. Manufacturing Equipment and Employment Investment Tax Credit from Form 305 .............. 6. XXXXXXXXXXXXXXXXXXXXXXXXXXX
7. Research and Development Tax Credit from Form 306 ......................................................... 7. XXXXXXXXXXXXXXXXXXXXXXXXXXX
8. Neighborhood Revitalization State Tax Credit from Form 311 ................................................ 8. XXXXXXXXXXXXXXXXXXXXXXXXXXX
9. Effluent Equipment Tax Credit from Form 312 ....................................................................... 9. XXXXXXXXXXXXXXXXXXXXXXXXXXX
10. Economic Recovery Tax Credit from Form 313 ...................................................................... 10. XXXXXXXXXXXXXXXXXXXXXXXXXXX
11. AMA Tax Credit from Form 315 .............................................................................................. 11. XXXXXXXXXXXXXXXXXXXXXXXXXXX
12. Business Retention and Relocation Tax Credit from Form 316 .............................................. 12. XXXXXXXXXXXXXXXXXXXXXXXXXXX
13. Sheltered Workshop Tax Credit from Form 317 ..................................................................... 13. XXXXXXXXXXXXXXXXXXXXXXXXXXX
14. Film Production Tax Credit from Form 318 ............................................................................. 14. XXXXXXXXXXXXXXXXXXXXXXXXXXX
15. Urban Transit Hub Tax Credit from Form 319 ......................................................................... 15. XXXXXXXXXXXXXXXXXXXXXXXXXXX
16. Grow NJ Tax Credit from Form 320 ........................................................................................ 16. XXXXXXXXXXXXXXXXXXXXXXXXXXX
17. Wind Energy Facility Tax Credit from Form 322 ..................................................................... 17. XXXXXXXXXXXXXXXXXXXXXXXXXXX
18. Residential Economic Redevelopment and Growth Tax Credit from Form 323 ..................... 18. XXXXXXXXXXXXXXXXXXXXXXXXXXX
19. Public Infrastructure Tax Credit from Form 325 ...................................................................... 19. XXXXXXXXXXXXXXXXXXXXXXXXXXX
20. Reserved for future use .......................................................................................................... 20.
21. Film and Digital Media Tax Credit from Form 327 .................................................................. 21. XXXXXXXXXXXXXXXXXXXXXXXXXXX
22. Tax Credit for Employers of Employees With Impairments from Form 328 ............................ 22. XXXXXXXXXXXXXXXXXXXXXXXXXXX
23. Pass-Through Business Alternative Income Tax Credit from Form 329 ................................. 23. XXXXXXXXXXXXXXXXXXXXXXXXXXX
24. Apprenticeship Program Tax Credit from Form 330 ............................................................... 24. XXXXXXXXXXXXXXXXXXXXXXXXXXX
25. Tax Credit for Employer of Organ/Bone Marrow Donor from Form 331 ................................. 25. XXXXXXXXXXXXXXXXXXXXXXXXXXX
26. Tiered Subsidiary Dividend Pyramid Tax Credit from Form 332 ............................................. 26. XXXXXXXXXXXXXXXXXXXXXXXXXXX
27. Other Tax Credit (see instructions) ......................................................................................... 27. XXXXXXXXXXXXXXXXXXXXXXXXXXX
28. Total tax credits – Add lines 1 through 27. Enter here and on page 1, line 3 ........................ 28. XXXXXXXXXXXXXXXXXXXXXXXXXXX
PART II – Refundable Tax Credits
1. Refundable portion of New Jobs Investment Tax Credit from Form 304 ................................ 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Refundable portion of Angel Investor Tax Credit from Form 321 ............................................ 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Refundable portion of Business Employment Incentive Program Tax Credit from Form 324 .... 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX
4. Other Tax Credit to be refunded ............................................................................................. 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX
5. Total amount of tax credits to be refunded. Enter here and on page 1, line 8c ...................... 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX
|
|
2021 – CBT-100S – Page 6
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
ALL CORPORATIONS MUST COMPLETE THIS SCHEDULE AND SUBMIT IT
WITH THEIR CBT-100S TAX RETURN
Schedule A-4 SUMMARY SCHEDULE (See instructions)
Interest and Intangible Costs and Expenses Dividend Exclusion Information
1. Schedule G, Part I, line b........................ 1. XXXXXXXXXXXXXX 7. Schedule R, line 7 ................................. 7. XXXXXXXXXXXXXX
2. Schedule G, Part II, line b....................... 2. XXXXXXXXXXXXXX 8. Schedule R, line 9 ................................. 8. XXXXXXXXXXXXXX
Schedule J Information Schedule A-GR Information
3. Schedule J, line 1f .................................. 3. XXXXXXXXXXXXXX 9. Schedule A-GR, line 6 ........................... 9. XXXXXXXXXXXXXX
Schedule P Information
4. Schedule J, line 1g ................................. 4. XXXXXXXXXXXXXX 10. Schedule P, Part III, line 1 ................... 10. XXXXXXXXXXXXXX
5. Schedule J, line 1h ................................ 5. XXXXXXXXXXXXXX 11. Schedule P, Part III, line 2 .................... 11. XXXXXXXXXXXXXX
Net Operational Income Information
6. Schedule O, Part III, line 31................... 6. XXXXXXXXXXXXXX
COMPUTATION OF NEW JERSEY GROSS RECEIPTS AND MINIMUM TAX (See instr.)
Schedule A-GR Complete this schedule only if the amount reported on page 1, line 2 is less than $1,500. Members of an
affiliated or controlled group, see note below.
1. Enter sales of tangible personal property shipped to points within New Jersey .................... 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Enter services if the benefit of the service is received in New Jersey ................................... 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Enter rentals of property situated in New Jersey ................................................................... 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX
4. Enter royalties for the use in New Jersey of patents, copyrights, and trademarks ................ 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX
5. Enter all other business receipts earned in New Jersey........................................................ 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX
6. Total New Jersey Gross Receipts.......................................................................................... 6. XXXXXXXXXXXXXXXXXXXXXXXXXXX
7. Enter minimum tax per instructions. Enter here and on page 1, line 4 .................................. 7. XXXXXXXXXXXXXXXXXXXXXXXXXXX
NOTE: If a taxpayer is filing a separate return and is a member of an affiliated or controlled group (as per sections 1504 or 1563 of the Internal Reve-
nue Code of 1986) that has a total payroll of $5 million or more for the tax year, the minimum tax is $2,000.
|
|
2021 – CBT-100S – Page 7
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
CORPORATE OFFICERS – GENERAL INFORMATION AND COMPENSATION (See instr.)
Schedule F Data must match amounts reported on federal Form 1125-E of the federal pro forma or federal return, whichever is applicable.
(4) (5)
(1) (2) (3) Dates Employed Percentage of Corpora- (6)
Name and Current Address of Officer Social Security Number Title in this position tion Stock Owned Amount of Compensation
From To Common Preferred
XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX
a. Total compensation of officers ...................................................................................................................................... XXXXXXXXXXXXXXXXXX
b. Less: Compensation of officers claimed elsewhere on the return................................................................................ XXXXXXXXXXXXXXXXXX
c. Balance of compensation of officers (include here and on Schedule A, Part I, line 7) ................................................. XXXXXXXXXXXXXXXXXX
Schedule G – Part I INTEREST (See Instructions)
1. Was interest paid, accrued, or incurred to a related member(s) deducted from entire net income?
Yes. Fill out the following schedule. No.
Name of Related Member Federal ID Number Relationship to Taxpayer Amounts
XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
a. Total amount of interest deducted ................................................................................................................. XXXXXXXXXXXXXXXXXXXXXX
b. Subtract: Exceptions (see instructions) ......................................................................................................... (XXXXXXXXXXXXXXXXXXXXXX)
c. Related party interest expenses disallowed for New Jersey purposes (include here and on Schedule A,
Part I, line 37c) .............................................................................................................................................. XXXXXXXXXXXXXXXXXXXXXX
Schedule G – Part II INTEREST EXPENSES AND COSTS AND INTANGIBLE EXPENSES AND COSTS (See instr.)
1. Were intangible expenses and costs, including intangible interest expenses and costs, paid, accrued, or incurred to related members,
deducted from entire net income? Yes. Fill out the following schedule. No.
Name of Related Member Federal ID Number Relationship to Taxpayer Type of Intangible Exception Amounts
Expense Deducted
XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
a. Total amount of intangible expenses and costs deducted .......................................................................................... XXXXXXXXXXXXXXXXX
b. Subtract: Exceptions (see instructions) ...................................................................................................................... XXXXXXXXXXXXXXXXX
c. Related party intangible expenses and costs addback (include here and on Schedule A, Part I, line 37d) ............... XXXXXXXXXXXXXXXXX
NOTE: For tax years beginning on or after January 1, 2018, the treaty exceptions have been limited pursuant to P.L. 2018, c. 48. See Schedule G-2
instructions for more information.
|
|
2021 – CBT-100S – Page 8
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
TAXES (See instructions)
Schedule H Include all taxes paid or accrued during the accounting period wherever deducted on Schedule A.
(A) (B) (C) (D) (E) (F)
Corporation Corporation
Franchise Business/ Property U.C.C. or Other Taxes/ Total
Business Taxes* Occupancy Taxes* Taxes Payroll Taxes Licenses
(include schedule)
1. New Jersey Taxes XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX
2. Other States & U.S. XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX
Possessions
3. City and Local Taxes XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX
4. Taxes Paid to Foreign XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX
Countries
5. Total XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX
6. Combine lines 5(a) XXXXXXXXXXX
and 5(b)
7. Sales & Use Taxes Paid XXXXXXXXXXX
by a Utility Vendor
8. Add lines 6 and 7 XXXXXXXXXXX
9. Federal Taxes XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX
10. Total (Combine line 5 XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX
and line 9)
* Include on line 4 taxes paid or accrued to any foreign country, state, province, territory, or subdivision thereof.
Schedule J COMPUTATION OF ALLOCATION FACTOR (See instructions)
All taxpayers, regardless of entire net income reported on Schedule A, Part I, line 38, Form CBT-100S, must complete Schedule J. This schedule can
be omitted if the taxpayer does not have receipts outside New Jersey, in which case the allocation factor will be 100% (1.000000).
For tax years ending on and after July 31, 2019, services are sourced based on market sourcing, not cost of performance.
1. Receipts: AMOUNTS (omit cents)
a. From sales of tangible personal property shipped to points within New Jersey..................................... a. XXXXXXXXXXXXXXXXXXX
b. From services if the benefit of the service is received in New Jersey .................................................. b. XXXXXXXXXXXXXXXXXXX
c. From rentals of property situated in New Jersey .............................................................................. c. XXXXXXXXXXXXXXXXXXX
d. From royalties for the use in New Jersey of patents, copyrights, and trademarks ................................. d. XXXXXXXXXXXXXXXXXXX
e. All other business receipts earned in New Jersey ............................................................................ e. XXXXXXXXXXXXXXXXXXX
f. Total New Jersey receipts (Total of lines 1a to 1e, inclusive) .............................................................. f. XXXXXXXXXXXXXXXXXXX
g. Total receipts from all sales, services, rentals, royalties, and other business transactions everywhere ..... g. XXXXXXXXXXXXXXXXXXX
h. Allocation Factor (Percentage in New Jersey (line 1f) divided by line 1g). Carry the fraction 6 decimal
places. Do not express as a percent. Include here and on Schedule A, Part I, line 39, and Schedule A,
Part II, line 2 ................................................................................................................................ h. XXXXXXXXXXXXXXXXXXX
|
|
2021 – CBT-100S – Page 9
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule K SHAREHOLDERS’ SHARES OF INCOME, DEDUCTIONS, ETC. (See instructions)
PART I
1. Total number of shareholders....................................
2. Total number of nonresident shareholders ................
3. a. Total number of nonconsenting shareholders ......
b. Percentage of stock owned ................................. %
PART II NEW JERSEY S CORPORATION INCOME (LOSS)
1. Amount from Schedule A, Part I, line 21............................................................................... 1. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Add the following amounts from federal 1120-S, Schedule K
a. Net income (loss) from rental real estate activities .......a.
b. Net income (loss) from other rental activities ...............b.
c. Interest income ............................................................. c.
d. Dividend income ...........................................................d.
e. Royalty income .............................................................e.
f. Net short-term capital gain (loss) ...................................f.
g. Net long-term capital gain (loss) ...................................g.
h. Other portfolio income (loss).........................................h.
i. Net gain (loss) under sections 1231 and/or 179 ............ i.
j. Other income ................................................................. j.
k. Tax-exempt interest income .......................................... k.
l. Other tax-exempt income .............................................. l.
Total of 2a through 2l ............................................................................................................ 2. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Add line 1 plus line 2 ............................................................................................................ 3. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
4. Additions:
a. Interest income on state and municipal bonds
other than New Jersey ..................................................a.
b. New Jersey State and other states’ income taxes
deducted in arriving at line 3 including taxes paid
on behalf of the shareholder .........................................b.
c. All expenses included in line 3 to generate
tax-exempt income ....................................................... c.
d. Losses included in line 3 from U.S. Treasury and other
obligations pursuant to N.J.S.A. 54A:6-14 and 6-14.1 ...d.
e. Other additions .............................................................e.
Total of 4a through 4e ........................................................................................................... 4. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
5. Add line 3 plus line 4 ............................................................................................................ 5. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
6. Subtractions:
a. U.S. Treasury and other interest income included in
line 3 from investments exempt under
N.J.S.A. 54A:6-14 and 6-14.1 .......................................a.
b. Gains included in line 3 from U.S. Treasury and other
obligations pursuant to N.J.S.A. 54A:6-14 and 6-14.1 ...b.
c. IRC Section 179 expense from federal Schedule K ....... c.
d. Federal 50% of business meal expenses and
100% of entertainment expenses .................................d.
e. Charitable contributions from federal Schedule K ........e.
f. Other subtractions .........................................................f.
Total of 6a through 6f ............................................................................................................ 6. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
7. New Jersey depreciation adjustment from Gross Income Tax Depreciation Adjustment
Worksheet GIT-DEP ............................................................................................................. 7. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
8. New Jersey S Corporation Income (Loss) – Line 5 minus line 6 plus or minus line 7 .......... 8. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
PART III ALLOCATION OF S CORPORATION INCOME (LOSS)
1. New Jersey S Corporation Income (Loss) (Part II, line 8) .................................................... 1. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
a. Current period nonoperational activity (Schedule O, Part I, line 34) ................................ 1 .a XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
b. Nonunitary partnership income/loss (from Schedule P-1, Part II, line 4) ................................... 1b. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Total operational income (loss) (line 1 minus lines 1a and 1b) ............................................. 2. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Allocation factor (Schedule J, line 1h) .................................................................................. 3. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
4. Allocated operational income (loss) (line 3 x line 2) ............................................................. 4. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
5. Nonoperational income (loss) (Schedule O, Part III, line 31) ............................................... 5. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
a. Nonunitary partnership income (from Schedule P-1, Part II, line 5) .......................................... 5a. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
6. Total allocated income (loss) (line 4 plus lines 5 and 5a) ..................................................... 6. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
7. New Jersey CBT reported on CBT-100S (Page 1, line 2 minus line 3) ................................ 7. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
8. New Jersey allocated income (loss) (line 6 minus line 7) ..................................................... 8. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
9. Income (loss) not allocated to New Jersey (line 1 minus line 6)........................................... 9. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
|
|
2021 – CBT-100S – Page 10
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
PART IV – A ANALYSIS OF NEW JERSEY ACCUMULATED ADJUSTMENTS ACCOUNT
(A) (B) (C)
New Jersey AAA Non New Jersey AAA Total of Columns (A) & (B)
1. Beginning balance...................................................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
2. Net pro rata share of S corporation income ............... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
3. Other income/loss ...................................................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
4. Other reductions (include schedule) .......................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
5. Total lines 1-4 ............................................................. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
6. Distributions ............................................................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
7. Ending balance (line 5 minus line 6) .......................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
PART IV – B NEW JERSEY EARNINGS AND PROFITS
1. Beginning balance ................................................................................................................ 1. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Additions/Adjustments .......................................................................................................... 2. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Dividends paid ...................................................................................................................... 3. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
4. Ending balance (line 1 plus line 2 minus line 3) ................................................................... 4. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
PART V SUMMARY OF RESIDENT SHAREHOLDERS’ PRO RATA SHARES
(A) (B) (C) (D)
Name Social Security Number Pro Rata Share Income/Loss Distributions
1. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX
2. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX
3. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX
4. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX
5. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX
6. Total............................................................................................................................. XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX
PART VI SUMMARY OF CONSENTING NONRESIDENT SHAREHOLDERS’ PRO RATA SHARES
Pro Rata Share Income/Loss
(A) (B) (C) (D) (E)
Name Social Security Number Allocated to NJ Not Allocated to NJ Distributions
1. XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXXXX
2. XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXXXX
3. XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXXXX
4. XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXXXX
5. XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXXXX
6. Total............................................................................................................ XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXXXX
PART VII SUMMARY OF NONCONSENTING SHAREHOLDERS’ PRO RATA SHARES
(A) (B) Pro Rata Share Income/Loss (E) (F)
Name Social Security Number (C) (D) Distributions Gross Income
Allocated to NJ Not Allocated to NJ Tax Paid
1. XXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX
2. XXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX
3. XXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX
4. XXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX
5. XXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX
6. Total.................................................................................................. XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX
|
|
2021 – CBT-100S – Page 11
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule K Liquidated S CORPORATIONS SHAREHOLDERS’ SHARES OF INCOME, DEDUCTIONS, ETC. (See instructions)
PART I
1. Total number of shareholders..........................................
2. Total number of nonresident shareholders ......................
3. a. Total number of nonconsenting shareholders ............
b. Percentage of stock owned ....................................... %
4. Enter date the assets were fully disposed....................... / /
5. Enter date the shareholders’ stock was fully disposed ... / /
PART II NJ S CORPORATION INCOME(LOSS) WORKSHEET UPON COMPLETE LIQUIDATION
Column A Column B
S Corp Income Prior to Income, Gains/Losses from
Disposition of Assets Disposition of Assets in
Complete Liquidation
1.Amount from Schedule A, Part I, line 21............................................................................... 1. XXXXXXXXXXXXXX
2.Add the following amounts from federal 1120-S, Schedule K
a. Net income (loss) from rental real estate activities ......................................................... 2a. XXXXXXXXXXXXXX
b. Net income (loss) from other rental activities ................................................................. 2b. XXXXXXXXXXXXXX
c. Interest income................................................................................................................ 2c. XXXXXXXXXXXXXX
d. Dividend income.............................................................................................................. 2d. XXXXXXXXXXXXXX
e. Royalty income................................................................................................................ 2e. XXXXXXXXXXXXXX
f. Net short-term capital gain (loss) .................................................................................... 2f. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
g. Net long-term capital gain (loss) ..................................................................................... 2g. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
h. Other portfolio income (loss) ........................................................................................... 2h. XXXXXXXXXXXXXX
i. Net gain (loss) under sections 1231 and/or 179 ............................................................. 2i. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
j. Other income................................................................................................................... 2j. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
k. Tax-exempt interest income ............................................................................................ 2k. XXXXXXXXXXXXXX
l. Other tax-exempt income ................................................................................................ 2l. XXXXXXXXXXXXXX
3.Add line 1 plus lines 2a through 2l........................................................................................ 3. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
4.Additions:
a. Interest income on state and municipal bonds other than New Jersey ........................... 4a. XXXXXXXXXXXXXX
b. New Jersey State and other states’ income taxes deducted in arriving at line 3
including taxes paid on behalf of the shareholder ........................................................... 4b. XXXXXXXXXXXXXX
c. All expenses included in line 3 to generate tax-exempt income ..................................... 4c. XXXXXXXXXXXXXX
d. Losses included in line 3 from U.S. Treasury and other obligations pursuant to
N.J.S.A. 54A:6-14 and 6-14.1 ............................................................................................ 4d. XXXXXXXXXXXXXX
e. Other additions ................................................................................................................ 4e. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
5.Add line 3 plus lines 4a through 4e ...................................................................................... 5. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
6.Subtractions:
a. U.S. Treasury and other interest income included in line 3 from investments exempt
under N.J.S.A. 54A:6-14 and 6-14.1 ............................................................................... 6a. XXXXXXXXXXXXXX
b. Gains included in line 3 from U.S. Treasury and other obligations pursuant to
N.J.S.A. 54A:6-14 and 6-14.1 .......................................................................................... 6b. XXXXXXXXXXXXXX
c. IRC Section 179 expense from federal Schedule K ........................................................... 6c. XXXXXXXXXXXXXX
d. Federal 50% of business meal expenses and 100% of entertainment expenses ........... 6d. XXXXXXXXXXXXXX
e. Charitable contributions from federal Schedule K ........................................................... 6e. XXXXXXXXXXXXXX
f. Other subtractions ........................................................................................................... 6f. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
Total of 6a through 6f ............................................................................................................ 6. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
7.New Jersey depreciation adjustment from Gross Income Tax Depreciation Adjustment
Worksheet GIT-DEP ............................................................................................................. 7. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
8.Total Income (Loss) – Line 5 minus line 6 plus or minus line 7 ............................................ 8. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
PART III ALLOCATION OF INCOME (LOSS)
1. Income from Line 8, Part II column A and column B ............................................................ 1. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
a. Current period nonoperational activity (Schedule O, Part I, line 34) ................................ 1a. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
b. Nonunitary partnership income/loss (from Schedule P-1, Part II, line 4) ................................... 1b. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
2. Total operational income (loss) (line 1 minus lines 1a and 1b) ............................................. 2. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
3. Allocation factor (Schedule J, line 1h) .................................................................................. 3. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
4. Allocated operational income (loss) (line 3 x line 2) ............................................................. 4. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
5. Nonoperational income (loss) (Schedule O, Part III, line 31) ............................................... 5. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
a. Nonunitary partnership income (from Schedule P-1, Part II, line 5) .......................................... 5a. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
6. Total allocated income (loss) (line 4 plus lines 5 and 5a) ..................................................... 6. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
7. New Jersey CBT reported on CBT-100S (Page 1, line 2 minus line 3) ................................ 7. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
8. New Jersey allocated income (loss) (line 6 minus line 7) ..................................................... 8. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
9. Income (loss) not allocated to New Jersey (line 1 minus line 6)........................................... 9. XXXXXXXXXXXXXX XXXXXXXXXXXXXX
|
|
2021 – CBT-100S – Page 12
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule K Liquidated S CORPORATIONS SHAREHOLDERS’ SHARES OF INCOME, DEDUCTIONS, ETC. (See instructions)
PART IV – A ANALYSIS OF NEW JERSEY ACCUMULATED ADJUSTMENTS ACCOUNT
(A) (B) (C)
New Jersey AAA Non New Jersey AAA Total of Columns (A) & (B)
1. Beginning balance...................................................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
2. Net pro rata share of S corporation income ............... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
3. Other income/loss ...................................................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
4. Other reductions (include schedule) .......................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
5. Total lines 1-4 ............................................................. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
6. Distributions ............................................................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
7. Ending balance (line 5 minus line 6) .......................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
PART IV – B NEW JERSEY EARNINGS AND PROFITS
1. Beginning balance ................................................................................................................ 1. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Additions/Adjustments .......................................................................................................... 2. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Dividends paid ...................................................................................................................... 3. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
4. Ending balance (line 1 plus line 2 minus line 3) ................................................................... 4. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
|
|
2021 – CBT-100S – Page 13
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
(H) Paid
(E) (G) Gross Income Tax XXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXXX
Distributions Distributions
XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX
(G)
Distributions
XXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXXX
(F)
Not Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX
(D) (F)
Not Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX
(E)
Gain/Loss of Disposition of Assets
Gain/Loss of Disposition of Assets XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX
(E)
Gain/Loss of Disposition of Assets Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX
(D)
(C) Not Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (D)
Not Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX
Pro Rata Share Income/Loss XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX (C)
Pro Rata Share Income/Loss
Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (C)
Pro Rata Share Income/Loss Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX
(B)
(B)
(B)
Social Security Number XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
Social Security Number XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX
Social Security Number XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX
S CORPORATIONS SHAREHOLDERS’ SHARES OF INCOME, DEDUCTIONS, ETC. (See instructions)
(A) (A)
Name
SUMMARY OF RESIDENT SHAREHOLDERS’ PRO RATA SHARES SUMMARY OF CONSENTING NON-RESIDENT SHAREHOLDERS’ PRO RATA SHARES Name SUMMARY OF NONCONSENTING SHAREHOLDERS’ PRO RATA SHARES (A)
Name
XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXX Total............................................................................................................ XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX Total..................................................................................................
XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX Total....................................................................................................................
Schedule K Liquidated PART V 1. 2. 3. 4. 5. 6. PART VI 1. 2. 3. 4. 5. 6. PART VII 1. 2. 3. 4. 5. 6.
|
|
2021 – CBT-100S – Page 14
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule PC PER CAPITA LICENSED PROFESSIONAL FEE (See instructions)
1. Is the corporation a Professional Corporation (PC) formed pursuant to N.J.S.A. 14A:17-1 et seq. or any similar law from a possession or territory
of the United States, a state, or political subdivision thereof? Yes. This schedule must be included with the return. No.
2. How many licensed professionals are owners, shareholders, and/or employees from this Professional Corporation (PC) as of the first day of the
privilege period? 2 or less, complete Part I. More than 2, complete Part I and Part II (if additional space is needed, include a rider).
PART I – Provide the following information for each of the licensed professionals in the PC. Include a rider if additional space is needed.
Name Address FID/SSN
1. XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX
2. XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX
3. XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX
4. XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX
5. XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX
PART II – Complete only if there are more than 2 licensed professionals listed above.
1. Enter number of resident and nonresident professionals with physical nexus with
New Jersey x $150 ............................................................................................. 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Enter number of nonresident professionals without physical nexus with
New Jersey x $150 x allocation factor of the PC ................................................. 2. XXXXXXXXXXXXXXXXXXXXXXXXXX
3. Total Fee Due – Add line 1 and line 2 ......................................................................................... 3. XXXXXXXXXXXXXXXXXXXXXXXXXX
4. Installment Payment – 50% of line 3 .......................................................................................... 4. XXXXXXXXXXXXXXXXXXXXXXXXXX
5. Total Fee Due (line 3 plus line 4) ................................................................................................ 5. XXXXXXXXXXXXXXXXXXXXXXXXXX
6. Less prior year 50% installment payment and credit (if applicable) ........................................... 6. (XXXXXXXXXXXXXXXXXXXXXXXXX)
7. Balance of Fee Due (line 5 minus line 6). If the result is zero or above, include the amount
here and on page 1, line 6 .......................................................................................................... 7. XXXXXXXXXXXXXXXXXXXXXXXXXX
8. Credit to next year’s Professional Corporation Fee (if line 7 is below zero, enter the amount
here) ........................................................................................................................................... 8. XXXXXXXXXXXXXXXXXXXXXXXXXX
Schedule P-1 PARTNERSHIP INVESTMENT ANALYSIS (See instructions)
PART I – Partnership Information
(1) (2) (3) (4) (5) (6) (7)
Name of Partnership, LLC, or Other Date and Percentage Tax Accounting Method New Jersey Tax Payments Made on Behalf
Entity and Federal ID Number State where of Limited General Nexus of Taxpayer by Partnerships
Organized Ownership Partner Partner Flow Separate
Through Accounting* Yes No
XXXXXXXXXXXXXXXXXXXXXX XXXXXXX XXXXXXX XXXXXX XXXXXX XXXXXXXX XXXXXXXX XXXX XXXX XXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXX XXXXXXX XXXXXXX XXXXXX XXXXXX XXXXXXXX XXXXXXXX XXXX XXXX XXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXX XXXXXXX XXXXXXX XXXXXX XXXXXX XXXXXXXX XXXXXXXX XXXX XXXX XXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXX XXXXXXX XXXXXXX XXXXXX XXXXXX XXXXXXXX XXXXXXXX XXXX XXXX XXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXX XXXXXXX XXXXXXX XXXXXX XXXXXX XXXXXXXX XXXXXXXX XXXX XXXX XXXXXXXXXXXXXXXXXX
Enter total of column 7 here and on page 1, line 8b ................................................................................................................ XXXXXXXXXXXXXXXXXX
*Taxpayers using a separate accounting method must complete Part II.
PART II – Separate Accounting of Nonunitary Partnership Income
(1) (2) (3) (4)
Taxpayer’s Share of Income
Nonunitary Partnership’s Distributive Share of Income/Loss Partnership’s Allocation Factor Allocated to New Jersey
Federal ID Number from Nonunitary Partnership (See instructions) (Multiply column 2 by column 3)
1. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX
2. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX
3. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX
4. Total column 2. Enter amount here and Schedule K or K liquidated, Part III, line 1b ........................................................... XXXXXXXXXXXXXXX
5. Total column 4. Enter amount here and Schedule K or K liquidated, Part III, line 5a ........................................................... XXXXXXXXXXXXXXX
If additional space is needed, include a rider.
|
|
2021 – CBT-100S – Page 15
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule P SUBSIDIARY INVESTMENT ANALYSIS (See instructions)
NOTE: Taxpayers must hold 80% of the combined voting power of all classes of stock entitled to vote and at least 80% of the total number of shares
of all other classes of stock, except non-voting stock which is limited and preferred as to dividends, for each subsidiary. Do not include
advances to subsidiaries in book value. Do not include any previously taxed dividends. Instead, report those amounts on Schedule PT.
PART I DOMESTIC SUBSIDIARY
(1) (2) (3) (4)
Name of Percentage of Interest Book Value Domestic Dividend Income
Federal ID Number Subsidiary (a) Voting (b) Non-Voting (as reported on Schedule A)
XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXX
Totals ............................................................................................................... XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXX
PART II FOREIGN SUBSIDIARY
(1) (2) (3) (4)
Name of Percentage of Interest Book Value Foreign Dividend Income
Federal ID Number Subsidiary (a) Voting (b) Non-Voting (as reported on Schedule A)
XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX
Totals ............................................................................................................... XXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX
PART III TOTAL OF 80% OR MORE OWNED SUBSIDIARY DIVIDENDS
1. Enter total from Part I, column 4 (include here and on Schedule A-4) ........................................................................ 1. XXXXXXXXXXXXXXXXXXXXXXX
2. Enter total from Part II, column 4 (include here and on Schedule A-4) ....................................................................... 2. XXXXXXXXXXXXXXXXXXXXXXX
3. Total dividends. Add lines 1 and 2 (include here and on Schedule R) ........................................................................ 3. XXXXXXXXXXXXXXXXXXXXXXX
Schedule R DIVIDEND EXCLUSION (See instructions)
1. Enter the total dividends and deemed dividends reported on Schedule A ................................................... 1. XXXXXXXXXXXXXXXXXXXX
2. Enter amount from Schedule PT, Section D, line 3 ....................................................................................... 2. XXXXXXXXXXXXXXXXXXXX
3. Dividends eligible for dividend exclusion – Subtract line 2 from line 1 .......................................................... 3. XXXXXXXXXXXXXXXXXXXX
4. Enter amount from Schedule P, Part III, line 3 ............................................................................................... 4. XXXXXXXXXXXXXXXXXXXX
5. Multiply line 4 by .95 ...................................................................................................................................... 5. XXXXXXXXXXXXXXXXXXXX
6. Subtract line 4 from line 3 .............................................................................................................................. 6. XXXXXXXXXXXXXXXXXXXX
7. Dividend income from investments where taxpayer owns less than 50% of voting
stock and less than 50% of all other classes of stock (do not incl. amounts subtracted on line 2) .............................. 7. ( XXXXXXXXXXXXXXXXXXX )
8. Subtract line 7 from line 6 .............................................................................................................................. 8. XXXXXXXXXXXXXXXXXXXX
9. Multiply line 8 by 50% .................................................................................................................................... 9. XXXXXXXXXXXXXXXXXXXX
10. Reserved for future use ................................................................................................................................. 10.
11. DIVIDEND EXCLUSION: Add lines 5 and 9 .................................................................................................. 11. XXXXXXXXXXXXXXXXXXXX
12. Allocation factor from current Schedule J (if all receipts are derived from only NJ sources, enter 1.000000) ................. 12. XXXXXXXXXXXXXXXXXXXX
13. ALLOCATED DIVIDEND EXCLUSION: Multiply line 11 by line 12 (include here and on Schedule A, Part I, line 43) ... 13. XXXXXXXXXXXXXXXXXXXX
|
|
2021 – CBT-100S – Page 16
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule S – Part I DEPRECIATION AND SAFE HARBOR LEASING (See instructions)
1. IRC § 179 Deduction ........................................................................................................................................ 1. XXXXXXXXXXXXXXXXXXXX
2. Special Depreciation Allowance – for qualified property placed in service during the tax year ........................ 2. XXXXXXXXXXXXXXXXXXXX
3. MACRS ................................................................................................................................................................ 3. XXXXXXXXXXXXXXXXXXXX
4. ACRS................................................................................................................................................................ 4. XXXXXXXXXXXXXXXXXXXX
5. Other Depreciation ........................................................................................................................................... 5. XXXXXXXXXXXXXXXXXXXX
6. Listed Property .................................................................................................................................................. 6. XXXXXXXXXXXXXXXXXXXX
7. Total depreciation claimed in arriving at Schedule A, Part I, line 28 ................................................................. 7. XXXXXXXXXXXXXXXXXXXX
Include Federal Form 4562 and Federal Depreciation Worksheet
Modification at Schedule A, Part I, line 32 – Depreciation and Certain Safe Harbor Lease Transactions
Additions
8. Amounts from lines 3, 4, 5, and 6 above .......................................................................................................... 8. XXXXXXXXXXXXXXXXXXXX
9. Special Depreciation Allowance from line 2 above ........................................................................................... 9. XXXXXXXXXXXXXXXXXXXX
10. Distributive share of the special depreciation allowance from a partnership .................................................... 10. XXXXXXXXXXXXXXXXXXXX
11. Distributive share of ACRS, MACRS, and other depreciation from a partnership ............................................ 11. XXXXXXXXXXXXXXXXXXXX
12. Deductions on federal return resulting from an election made pursuant to IRC § 168(f)(8) exclusive of
elections made with respect to mass commuting vehicles
a. Interest ....................................................................................................................................................... 12a. XXXXXXXXXXXXXXXXXXXX
b. Rent ............................................................................................................................................................ 12b. XXXXXXXXXXXXXXXXXXXX
c. Amortization of Transactional Costs ........................................................................................................... 12c. XXXXXXXXXXXXXXXXXXXX
d. Other Deductions ....................................................................................................................................... 12d. XXXXXXXXXXXXXXXXXXXX
13. IRC § 179 depreciation in excess of New Jersey allowable deduction ............................................................ 13. XXXXXXXXXXXXXXXXXXXX
14. Other additions (include an explanation/reconciliation) ..................................................................................... 14. XXXXXXXXXXXXXXXXXXXX
15. Total lines 8 through 14 .................................................................................................................................... 15. XXXXXXXXXXXXXXXXXXXX
Deductions
16. New Jersey depreciation .................................................................................................................................. 16. XXXXXXXXXXXXXXXXXXXX
17. Recomputed depreciation attributable to distributive share of recovery property from a partnership .............. 17. XXXXXXXXXXXXXXXXXXXX
18. Any income included in the return with respect to property solely as a result of an IRC § 168(f)(8) election .. 18. XXXXXXXXXXXXXXXXXXXX
19. The lessee/user should enter the amount of depreciation that would have been allowable under the Internal
Revenue Code on December 31, 1980, had there been no safe harbor lease election .................................. 19. XXXXXXXXXXXXXXXXXXXX
20. Excess of accumulated ACRS, MACRS, or bonus depreciation over accumulated New Jersey depreciation
on physical disposal of recovery property (include computations) ................................................................... 20. XXXXXXXXXXXXXXXXXXXX
21. Other deductions (include an explanation/reconciliation).................................................................................. 21. XXXXXXXXXXXXXXXXXXXX
22. Total lines 16 through 21 .................................................................................................................................. 22. XXXXXXXXXXXXXXXXXXXX
23. ADJUSTMENT – Subtract line 22 from line 15 and enter the result. (If line 23 is positive, enter at
Schedule A, Part I, line 36a. If line 23 is negative, enter as a positive number at Schedule A, Part I,
line 36b.) ........................................................................................................................................................... 23. XXXXXXXXXXXXXXXXXXXX
NEW JERSEY DEPRECIATION FOR GAS, ELECTRIC, AND GAS AND ELECTRIC PUBLIC
Schedule S – Part II
UTILITIES (See instructions)
1. Total depreciation claimed in arriving at Schedule A, Part I, line 21 ................................................................. 1. XXXXXXXXXXXXXXXXXXXX
2. Federal depreciation for assets placed in service after January 1, 1998 ......................................................... 2. XXXXXXXXXXXXXXXXXXXX
3. Net – Subtract line 2 from line 1 ....................................................................................................................... 3. XXXXXXXXXXXXXXXXXXXX
4. New Jersey depreciation allowable on the Single Asset Account (Assets placed in service prior to
January 1, 1998)
a. Total adjusted federal depreciable basis as of December 31, 1997 ........................................................... 4a. XXXXXXXXXXXXXXXXXXXX
b. Excess book depreciable basis over federal tax basis as of December 31, 1997 ..................................... 4b. XXXXXXXXXXXXXXXXXXXX
c. Less accumulated federal basis for all Single Asset Account property sold, retired, or disposed of to date . 4c. XXXXXXXXXXXXXXXXXXXX
d. Total (line 4a plus line 4b less line 4c) ........................................................................................................ 4d. XXXXXXXXXXXXXXXXXXXX
5. New Jersey Depreciation – Divide line 4d by 30 .............................................................................................. XXXXXXXXXXXXXXXXXXXX
6. New Jersey Adjustment
a. Depreciation adjustment for assets placed in service prior to Jan. 1, 1998 – Subtract line 5 from line 3 .. 6a. XXXXXXXXXXXXXXXXXXXX
b. Special bonus depreciation adjustment from Schedule S, Part I, line 23 (see instructions) ...................... 6b. XXXXXXXXXXXXXXXXXXXX
7. Total Adjustment – Add lines 6a and 6b and enter the result. (If line 7 is positive, enter at Schedule A, Part I,
line 36a. If line 7 is negative, enter as a positive number at Schedule A, Part I, line 36b.) .............................. 7. XXXXXXXXXXXXXXXXXXXX
|
|
2021 – CBT-100S – Page 17
SCHEDULE
State of New Jersey
NJ-K-1
(Form CBT-100S) Division of Taxation
2021
Shareholder’s Share of Income/Loss
For Calendar Year 2021, or tax year beginning , and ending ,
Shareholder’s identifying number Federal employer identification number
Shareholder’s name, address, and ZIP Code Corporation’s name, address, and ZIP Code
See instructions and reverse side
Part I
1. Shareholder’s percentage of stock ownership for tax year ..... %
2. Shareholder ............................................................................. resident nonresident
3. Shareholder ............................................................................. consenting nonconsenting
4. Check applicable box: ............................................................. Final NJ-K-1 Amended NJ-K-1
5. Date the shareholder’s stock was fully disposed .....................
Part II
1. S Income/Loss allocated to NJ ........................................................ Shareholder: Follow the
2. S Income/Loss not allocated to NJ .................................................. reporting instructions con-
3. Pro rata share of S Corporation Income/Loss (line 1 plus line 2) .... tained in your NJ Income
Tax return packet and in
4. Gain/Loss on disposition of assets allocated to NJ ......................... publication GIT-9S, Income
5. Gain/Loss on disposition of assets not allocated to NJ ................... From S Corporations.
6. Total Gain/Loss from disposition of assets (line 4 plus line 5) ......... This schedule must be in-
7. Total payments made on behalf of shareholder............................... cluded with your NJ Income
8. Distributions ..................................................................................... Tax return.
Part III Shareholder’s NJ Accumulated Adjustments Account
New Jersey AAA Non New Jersey AAA
1. Beginning balance ................................................................ XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX
2. Income/Loss ......................................................................... XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX
3. Other Income/Loss ............................................................... XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX
4. Other reductions ................................................................... XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX
5. Total lines 1-4 ....................................................................... XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX
6. Distributions .......................................................................... XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX
7. Ending Balance (line 5 minus line 6) .................................... XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX
Part IV Shareholder’s NJ Earnings and Profits Account
1. Beginning balance ...........................................................................
2. Additions/Adjustments .....................................................................
3. Dividends received ..........................................................................
4. Ending balance (line 1 plus line 2 minus line 3) ..............................
Part V
1. Interest paid to shareholder (per 1099-INT) ....................................
2. Indebtedness:
a. From corporation to shareholder: .............................................
b. From shareholder to corporation: .............................................
3. Shareholder’s HEZ deduction: ........................................................
THIS FORM MAY BE REPRODUCED
|
|
2021 – CBT-100S – Page 18
INSTRUCTIONS FOR SCHEDULE NJ-K-1
For additional information see publication GIT-9S, Income From S Corporations
(Available on the Division’s website)
PART I
Line 1 Shareholder’s percentage of stock ownership as reported on federal 1120-S.
Line 2 Indicate shareholder’s residency status at year’s end.
Line 3 Indicate whether shareholder is a consenting or nonconsenting shareholder.
Line 4 If applicable, indicate if this schedule is a final or amended NJ-K-1.
Line 5 Enter date shareholder received final distribution (cash and/or property).
PART II
Line 1 Enter shareholder’s share of New Jersey allocated S corporation income/loss from Part III, line 8 of Schedule K or from
Part III, line 8, column A of Schedule K Liquidated.
New Jersey S corporations that claim a credit for taxes paid to other jurisdictions in accordance with N.J.A.C. 18:7-8.3 will report
100% of the shareholder’s net pro rata share as allocated to New Jersey.
Line 2 Enter shareholder’s share of S corporation income/loss not allocated to New Jersey from Part III, line 9 of Schedule K or
from Part III, line 9, column A of Schedule K Liquidated.
Line 4 Enter shareholder’s share of New Jersey allocated income, gains/losses from disposition of assets from Part III, line 8,
column B of Schedule K Liquidated.
Line 5 Enter shareholder’s share of income, gains/losses from disposition of assets not allocated to New Jersey from Part III, line 9,
column B of Schedule K Liquidated.
Line 7 Enter total payments made on behalf of the shareholder as reported in Part VII, column F of Schedule K or in Part VII, column
(H) of Schedule K Liquidated.
Line 8 Enter distributions shareholder received during the year as reported in Part V, VI , or VII, ofSchedule K orSchedule K
Liquidated.
PART III
Lines 1 7– Enter shareholder’s share of New Jersey Accumulated Adjustments (AAA) from Part IV-A, Schedule K or Schedule K
Liquidated.
PART IV
Lines 1–4 Enter shareholder’s share of New Jersey Earnings and Profits from Part IV-B, Schedule K or Schedule K Liquidated.
PART V
Line 1 Enter the amount of any interest paid to the shareholder that should be reported by the S corporation on federal Form
1099-INT. Include any other interest paid to the shareholder that was deducted by the S corporation in arriving at income
reflected in Part II, line 8 of Schedule K or Schedule K Liquidated.
Line 2 a. Enter the total amount of the corporation’s indebtedness to the shareholder at year’s end or prior to final distribution.
b. Enter the total amount of the shareholder’s indebtedness to the corporation at year’s end or prior to final distribution.
Line 3 If a New Jersey electing S corporation is a qualified primary care medical or dental practice located in or within 5 miles of a
Health Enterprise Zone (HEZ), the corporation must determine if the shareholders are entitled to an HEZ deduction and the
amount. The shareholder’s deduction is entered on the shareholder’s Schedule NJ-K-1 and deducted on the shareholder’s
Gross Income Tax return. See the Division’s website, nj.gov/taxation, for qualification and calculation information.
NOTE: A New Jersey electing S corporation doing business in New Jersey may file a NJ-1080-C composite return on behalf of its
qualified nonresident shareholders who elect to be included in the composite filing. Every participating shareholder must
make the election to be part of the composite return in writing each year by using Form NJ-1080E, Election to Participate
in Composite Return, or a form substantially similar.
|
|
New Jersey Gross Income Tax NJ
Payment on Behalf of 1040-SC
(09-15)
FOR OFFICIAL USE ONLY Nonconsenting Shareholders
Tax Year Beginning _________________________ and Ending _________________________
New Jersey S Corporation Information Shareholder Information
Federal Identification Number NJ Corporation Number Social Security Number
______________ / __________ / ______________
Taxpayer Name Last Name First name
Address Street Address
City State ZIP Code City State ZIP Code
Amount of Payment from Schedule K, Part VII, Column (F) or
Schedule K Liquidated, Part VII, Column (H) of the CBT-100S $ X X X X X X X X
, .
THIS FORM MAY BE REPRODUCED
INSTRUCTIONS FOR NJ-1040-SC
For the S Corporation:
1. A separate form must be completed for each nonconsenting shareholder and submitted with the CBT-100S. Include the
completed form(s) with the CBT-100S that is filed by the corporation.
2. Payment Due Date:
Payment should be remitted no later than the time for the filing of the CBT-100S for the accounting or privilege period of the S
corporation.
3. The payment amount on the NJ-1040-SC should match the amount on the individual shareholder’s NJ-K-1, Part II, line 4.
4. The remittance for the total of all NJ-1040-SC forms is to be included with any corporation business tax due as shown on page 1
of the CBT-100S form.
5. A copy of the completed form must be supplied to each shareholder on whose behalf it was filed on or before the due date of
the CBT-100S.
For the Shareholder:
1. Payments made by the S corporation on behalf of the shareholder do not release the shareholder of their responsibility for
making estimated payments or filing a New Jersey Gross Income Tax return as required under the New Jersey Gross Income
Tax Statutes.
2. A copy of the NJ-1040-SC form must accompany the New Jersey Gross Income Tax return you file. The payment is to be
claimed on the return along with any other estimated payments you have made.
3. Be sure to keep a copy of the form for your records.
|
|
2021 – CBT-100S – Page 20
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Form 500S COMPUTATION OF THE AVAILABLE CONVERTED NET OPERATING LOSSES
PART I Net Operating Loss Carryovers Generated as a C Corporation prior to its New Jersey S election
1. Prior Net Operating Loss Conversion Carryover (PNOL) available (see instructions) .............................. 1. XXXXXXXXXXXXXXXXXXXX
2. Post Allocation Net Operating Loss Carryover (NOL) available (see instructions) ................................... 2. XXXXXXXXXXXXXXXXXXXX
3. Total Net Operating Losses Available – Total lines 1 and 2 ...................................................................... 3. XXXXXXXXXXXXXXXXXXXX
PART II – Available Net Operating Loss Deductions
1. Enter amount used on Schedule A, Part I, Line 41 ................................................................................... 1. XXXXXXXXXXXXXXXXXXXX
2. Enter amount used on Schedule A, Part II, Line 4 .................................................................................... 2. XXXXXXXXXXXXXXXXXXXX
3. Total amount of available converted NOL carryover used – Add lines 1 and 2 ......................................... 3. XXXXXXXXXXXXXXXXXXXX
NOTE: Must include last Net Operating Loss Schedule/Worksheet Prior to Conversion to S Corporation (from Form CBT-100 or CBT-100U).
|