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CAUTION
These forms are for reference only.
DO NOT mail to the Division of Taxation.
This document also includes the new Shareholder
Jurisdictional Consent, Schedule SJC.
Form CBT-100S and all related forms and
schedules must be filed electronically. See our
website for more information.
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2023 – CBT-100S – Page 1
2023 DO NOT MAIL THIS FORM
New Jersey Corporation Business Tax Return
CBT-100S For Tax Years Ending On or After July 31, 2023 Through June 30, 2024
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 Number Date of federal 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. a. Amount of Tax – Multiply line 1 by the applicable tax rate (see instructions) ........................................ 2a. XXXXXXXXXXXXXXXXXXXXX
b. Enter the total minimum tax (see instructions) 2b. XXXXXXXXXXXXXXXXXXXXX
3. Tax Credits (from Schedule A-3, Part I, line 30) (see instructions) ........................................................... 3. XXXXXXXXXXXXXXXXXXXXX
4. Tax Liability – Subtract line 3 from the greater of line 2a or line 2b ............................................................. 4. XXXXXXXXXXXXXXXXXXXXX
5. Installment Payment (only applies if line 4 is $1,500 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 6) (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. a. Gross Income Tax paid on behalf of nonconsenting shareholders (see instructions) .......................... 11a. XXXXXXXXXXXXXXXXXXXXX
b. Pass-Through Business Alternative Income Tax Credit from Form 329 (see instructions) (Amount
entered cannot be more than amount on line 11a) ............................................................................... 11b. XXXXXXXXXXXXXXXXXXXXX
c. Balance of tax paid on behalf of nonconsenting shareholders – Subtract line 11b from line 11a ......... 11c. XXXXXXXXXXXXXXXXXXXXX
12. Penalty and Interest Due (see instructions).............................................................................................. 12. XXXXXXXXXXXXXXXXXXXXX
13. Total Balance Due – Add lines 9, 11c, and 12 .......................................................................................... 13. XXXXXXXXXXXXXXXXXXXXX
14. Amount Overpaid – If line 8d is greater than the sum of lines 7, 11c, and 12, subtract lines 7, 11c, 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 2024 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 2023 or 2024 ................................. 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, and A-4 must be
completed. A corporate officer must sign and certify below:
By checking the box to the left, I certify that the corporation did not conduct any business, did not have any income, receipts, or expens-
es, and did not own any assets during the entire period covered by the tax return.
(See instructions)
CERTIFICATION OF INACTIVITY (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) and N.J.A.C.
18:7-11.17A, 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)
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2023 – 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, enter the name, address, and FEIN of the subsidiary, whether the subsidiary is a New Jersey QSSS, and whether the activities of the subsidiary
are included in this return. If more space is needed provide a rider.
6. 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.
7. 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.
8. 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 38b, the difference between the net of such income and the amount of foreign taxes paid not previously deducted (include a rider).
9. Does the taxpayer have related parties or affiliates that file combined returns in New Jersey?
Yes No
10. 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:
11. 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
12. Does the taxpayer own or lease real ortangible property in New Jersey?
Yes No
13. Does the taxpayer have payroll in New Jersey?
Yes No
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2023 – 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. a. Gross receipts or sales ..................................................................................................... 1a. XXXXXXXXXXXXXXXXXXXXXXXXXXX
b. Less: Returns and allowances .......................................................................................... 1b. XXXXXXXXXXXXXXXXXXXXXXXXXXX
c. Total – Subtract line 1b from line 1a .................................................................................. 1c. XXXXXXXXXXXXXXXXXXXXXXXXXXX
2. Less: Cost of goods sold (from Schedule A-2, line 8)............................................................. 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX
3. Gross profit – Subtract line 2 from line 1c .............................................................................. 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 employment credits) ....................................................................... 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
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
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2023 – 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. Dividend Exclusion (from Schedule R, line 9) ....................................................................... 37. XXXXXXXXXXXXXXXXXXXXXXXXXXX
38. a. Deduction for IRC Section 78 Gross-up not deducted at line 43 below ............................. 38a. XXXXXXXXXXXXXXXXXXXXXXXXXXX
b. Other deductions and additions. Explain on separate rider (see instructions) ................... 38b. XXXXXXXXXXXXXXXXXXXXXXXXXXX
c. Add back any other federally exempt income not reported elsewhere on Schedule A
(see instructions) ................................................................................................................ 38c. XXXXXXXXXXXXXXXXXXXXXXXXXXX
39. Entire net income/(loss) for New Jersey purposes (net lines 32 through 38c) ......................... 39. XXXXXXXXXXXXXXXXXXXXXXXXXXX
40. Allocation factor from Schedule J (if all receipts were derived from only New Jersey
sources, enter 1.000000)........................................................................................................ 40. XXXXXXXXXXXXXXXXXXXXXXXXXXX
41. Allocated Entire Net Income/(loss) before net operating loss deductions – Multiply line 39 by
line 40 (if zero or less, enter zero on line 43) ........................................................................... 41. XXXXXXXXXXXXXXXXXXXXXXXXXXX
42. Deduction for Current Converted Net Operation Losses (from Form 500S) (Amount en-
tered cannot be more than amount on line 41.)...................................................................... 42. XXXXXXXXXXXXXXXXXXXXXXXXXXX
43. Allocated Entire Net Income – Subtract line 42 from line 41 ................................................. 43. 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 page 1, 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
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2023 – 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. Pass-Through Business Alternative Income Tax Credit from Form 329 .................................. 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX
5. Urban Enterprise Zone Investment Tax Credit from Form 301 ............................................... 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX
6. Redevelopment Authority Project Tax Credit from Form 302 ................................................. 6. XXXXXXXXXXXXXXXXXXXXXXXXXXX
7. Manufacturing Equipment and Employment Investment Tax Credit from Form 305 .............. 7. XXXXXXXXXXXXXXXXXXXXXXXXXXX
8. Research and Development Tax Credit from Form 306 ......................................................... 8. XXXXXXXXXXXXXXXXXXXXXXXXXXX
9. Neighborhood Revitalization State Tax Credit from Form 311 ................................................ 9. XXXXXXXXXXXXXXXXXXXXXXXXXXX
10. Effluent Equipment Tax Credit from Form 312 ....................................................................... 10. XXXXXXXXXXXXXXXXXXXXXXXXXXX
11. Economic Recovery Tax Credit from Form 313 ...................................................................... 11. XXXXXXXXXXXXXXXXXXXXXXXXXXX
12. AMA Tax Credit from Form 315 .............................................................................................. 12. XXXXXXXXXXXXXXXXXXXXXXXXXXX
13. Business Retention and Relocation Tax Credit from Form 316 .............................................. 13. XXXXXXXXXXXXXXXXXXXXXXXXXXX
14. Sheltered Workshop Tax Credit from Form 317 ..................................................................... 14. XXXXXXXXXXXXXXXXXXXXXXXXXXX
15. Reserved for future use .......................................................................................................... 15. XXXXXXXXXXXXXXXXXXXXXXXXXXX
16. Urban Transit Hub Tax Credit from Form 319 ......................................................................... 16. XXXXXXXXXXXXXXXXXXXXXXXXXXX
17. Grow NJ Tax Credit from Form 320 ........................................................................................ 17. XXXXXXXXXXXXXXXXXXXXXXXXXXX
18. Wind Energy Facility Tax Credit from Form 322 ..................................................................... 18. XXXXXXXXXXXXXXXXXXXXXXXXXXX
19. Residential Economic Redevelopment and Growth Tax Credit from Form 323 ..................... 19. XXXXXXXXXXXXXXXXXXXXXXXXXXX
20. Public Infrastructure Tax Credit from Form 325 ...................................................................... 20. XXXXXXXXXXXXXXXXXXXXXXXXXXX
21. Drug Donation Program Tax Credit from Form 326 ................................................................ 21. XXXXXXXXXXXXXXXXXXXXXXXXXXX
22. Film and Digital Media Tax Credit from Form 327 .................................................................. 22. XXXXXXXXXXXXXXXXXXXXXXXXXXX
23. Tax Credit for Employers of Employees With Impairments from Form 328 ............................ 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. Innovation Evergreen Fund Tax Credit from Form 334 .......................................................... 27. XXXXXXXXXXXXXXXXXXXXXXXXXXX
28. Unit Concrete Products Tax Credit from Form 335 ................................................................. 28. XXXXXXXXXXXXXXXXXXXXXXXXXXX
29. Other Tax Credit (see instructions) ......................................................................................... 29. XXXXXXXXXXXXXXXXXXXXXXXXXXX
30. Total tax credits – Add lines 1 through 29. Enter here and on page 1, line 3 ........................ 30. 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. Refundable portion of Pass-Through Business Alternative Income Tax Credit from Form 329 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX
5. Other Tax Credit to be refunded ............................................................................................. 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX
6. Total amount of tax credits to be refunded. Enter here and on page 1, line 8c ...................... 6. XXXXXXXXXXXXXXXXXXXXXXXXXXX
All corporations must complete this schedule and submit it
with their CBT-100S tax return
Schedule A-4 Summary Schedule (See instructions)
Schedule O Information Dividend Exclusion Information
1. Total New Jersey receipts from 5. Dividends from 80% or more owned
Schedule J, line 6 ................................. 1. XXXXXXXXXXXXXX subsidiaries from Schedule R, line 4 .... 5. XXXXXXXXXXXXXX
2. Total receipts from all sales, services,
rentals, royalties, and other business
transactions everywhere from Sched- 6. Dividends from 50% to below 80%
ule J, line 7 ........................................... 2. XXXXXXXXXXXXXX subsidiaries from Schedule R, line 6 .... 6. XXXXXXXXXXXXXX
3. Allocation Factor from Schedule J,
line 8..................................................... 3. XXXXXXXXXXXXXX 7. 5% Claw-back from Schedule R, line 8 7. XXXXXXXXXXXXXX
Net Operational Income Information
4. New Jersey’s Taxable Portion from 8. Dividend Exclusion from Schedule R,
Schedule O, Part III, line 31 ................. 4. XXXXXXXXXXXXXX line 9 .................................................... 8. XXXXXXXXXXXXXX
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2023 – CBT-100S – Page 6
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule B Balance sheet as of ,
Figures appearing below must be the same as year-end figures shown on the taxpayer’s books. If not, explain
and reconcile on rider. Consolidated information is not permitted on single returns. See instructions. Where applica-
ble, data must match amounts reported on Schedule L of the federal pro forma or federal return, whichever is applicable.
Assets Beginning of Tax Year End of Tax Year
1. Cash .................................................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
2. Trade notes and accounts receivable .................................................. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
a. Reserve for bad debts ..................................................................... (XXXXXXXXXXXXXXXXXXXXXX) (XXXXXXXXXXXXXXXXXXXXXX)
3. Loans to stockholders/affiliates ........................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
4. Stock of subsidiaries............................................................................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
5. Corporate stocks ................................................................................. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
6. Bonds, mortgages, and notes.............................................................. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
7. New Jersey state and local government obligations ........................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
8. All other government obligations ......................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
9. Patents and copyrights ........................................................................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
10. Deferred charges ................................................................................. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
11. Goodwill ............................................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
12. All other intangible personal property (itemize) ..................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
13. Total intangible personal property (total lines 1 to 12) ......................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
14. Land .................................................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
15. Buildings and other improvements ...................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
a. Less accumulated depreciation ...................................................... (XXXXXXXXXXXXXXXXXXXXXX) (XXXXXXXXXXXXXXXXXXXXXX)
16. Machinery and equipment ................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
a. Less accumulated depreciation ....................................................... (XXXXXXXXXXXXXXXXXXXXXX) (XXXXXXXXXXXXXXXXXXXXXX)
17. Inventories ........................................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
18. All other tangible personalty (net) (itemize on rider) ............................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
19. Total real and tangible personal property (total lines 14 to 18) ............ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
20. Total assets (add lines 13 and 19) ....................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
Liabilities and Stockholder’s Equity
21. Accounts payable ................................................................................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
22. Mortgages, notes, bonds payable in less than 1 year (incl. schedule) .. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
23. Other current liabilities (include schedule)........................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
24. Loans from stockholders/affiliates ....................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
25. Mortgages, notes, bonds payable in 1 year or more (include schedule) XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
26. Other liabilities (include schedule) ....................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
27. Capital stock: (a) Preferred stock .................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
(b) Common stock .................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
28. Paid-in or capital surplus ..................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
29. Retained earnings – appropriated (include schedule) ......................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
30. Retained earnings – unappropriated ................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
31. Adjustments to shareholders’ equity (include schedule) ..................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
32. Less cost of treasury stock .................................................................. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
33. Total liabilities and stockholder’s equity (total lines 21 to 32) .............. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX
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2023 – 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
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 39, Form CBT-100S, must complete Schedule J.
Services are sourced based on market sourcing.
Receipts: AMOUNTS (omit cents)
1. From sales of tangible personal property shipped to points within New Jersey .......................................... 1. XXXXXXXXXXXXXXXXXXX
2. From services if the benefit of the service is received in New Jersey ........................................................ 2. XXXXXXXXXXXXXXXXXXX
3. From rentals of property situated in New Jersey .................................................................................... 3. XXXXXXXXXXXXXXXXXXX
4. From royalties for the use in New Jersey of patents, copyrights, and trademarks ....................................... 4. XXXXXXXXXXXXXXXXXXX
5. All other business receipts earned in New Jersey .................................................................................. 5. XXXXXXXXXXXXXXXXXXX
6. Total New Jersey receipts (Total of lines 1 through 5, inclusive) ............................................................... 6. XXXXXXXXXXXXXXXXXXX
7. Total receipts from all sales, services, rentals, royalties, and other business transactions everywhere ........... 7. XXXXXXXXXXXXXXXXXXX
8. Allocation Factor (Percentage in New Jersey) (Divide line 6 by line 7). Carry the fraction 6 decimal places. Do
not express as a percent. Include here and on Schedule A, Part I, line 40, and Schedule A, Part II, line 2 ....... 8. XXXXXXXXXXXXXXXXXXX
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2023 – CBT-100S – Page 8
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 8) .................................................................................... 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 tax based on income reported on CBT-100S (Page 1, line 2a minus
line 3)(If zero or less, enter zero).......................................................................................... 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
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2023 – CBT-100S – Page 9
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
(E)
(A) (B) (C) (D) Share of Pass-Through Busi-
Name Social Security Number Pro Rata Share Income/Loss Distributions ness Alternative Income Tax
1. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
2. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
3. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
4. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
5. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
6. Total...................................................................................... XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
Part VI Summary of Consenting Nonresident Shareholders’ Pro Rata Shares
(B) Pro Rata Share Income/Loss
(F)
(A) Social Security (C) (D) (E) Share of Pass-Through Busi-
Name Number Allocated to NJ Not Allocated to NJ Distributions ness Alternative Income Tax
1. XXXXXXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
2. XXXXXXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
3. XXXXXXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
4. XXXXXXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
5. XXXXXXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
6. Total.................................................................... XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX
Part VII Summary of Nonconsenting Shareholders’ Pro Rata Shares
Pro Rata Share Income/Loss
(G)
(B) (D) (F) Share of Pass-Through
(A) Social Security (C) Not Allocated (E) Gross Income Business Alternative
Name Number Allocated to NJ to NJ Distributions Tax Paid Income Tax
1. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX
2. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX
3. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX
4. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX
5. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX
6. Total.................................................................... XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX
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2023 – CBT-100S – Page 10
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule K Liquidated S Corporation 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 8) .................................................................................... 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 tax based on income reported on CBT-100S (Page 1, line 2a minus
line 3)(If zero or less, enter zero).......................................................................................... 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
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2023 – CBT-100S – Page 11
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
Schedule K Liquidated S Corporation 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
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2023 – CBT-100S – Page 12
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
(I)
(F) (H)
Income Tax
Share of Pass-Through Business Alternative
XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
Share of Pass-Through Busi- ness Alternative Income Tax XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX
Share of Pass-Through Busi- ness Alternative Income Tax XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX
(H)
Tax Paid
(G) Gross Income XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX
(E) Distributions
Distributions XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
(G)
XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX Distributions XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX
(F)
Not Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (F)
(D) Not 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 (E)
Gain/Loss of Disposition of Assets XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX
Gain/Loss of Disposition of Assets Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX
(D)
Not Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (D)
(C)
Not Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX
(C)
Pro Rata Share Income/Loss XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX 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 XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX
S CORPORATIONS SHAREHOLDERS’ SHARES OF INCOME, DEDUCTIONS, ETC. (See instructions) Social Security Number XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
Social Security Number XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX
Summary of Resident Shareholders’ Pro Rata Shares (A) Summary of Consenting Nonresident Shareholders’ Pro Rata Shares Summary of Nonconsenting Nonresident Shareholders’ Pro Rata Shares
Name (A)
Name (A)
Name
XXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXX Total............................................................................................... XXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXX Total......................................................................................... XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX 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.
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2023 – CBT-100S – Page 13
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.
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2023 – CBT-100S – Page 14
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
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. Dividends included in line 3 from 80% or more owned subsidiaries.............................................................. 4. XXXXXXXXXXXXXXXXXXXX
5. Dividends included in line 3 from 50% but less than 80% owned subsidiaries ............................................. 5. XXXXXXXXXXXXXXXXXXXX
6. Multiply line 5 by 50% .................................................................................................................................... 6. XXXXXXXXXXXXXXXXXXXX
7. Add line 4 and line 6 ......................................................................................................................................... 7. XXXXXXXXXXXXXXXXXXXX
8. Multiply line 3 by 5% ...................................................................................................................................... 8. XXXXXXXXXXXXXXXXXXXX
9. Dividend Exclusion: Subtract line 8 from line 7. Enter the result here and on Schedule A, Part I, line 37 .... 9. XXXXXXXXXXXXXXXXXXXX
Schedule S – Depreciation and Safe Harbor Leasing (See Instructions)
Part I – From Federal Form 4562
1. IRC § 179 Deduction ........................................................................................................................................ 1. XXXXXXXXXXXXXXX
2. Special Depreciation Allowance – for qualified property placed in service during the tax year ........................ 2. XXXXXXXXXXXXXXX
3. MACRS ................................................................................................................................................................ 3. XXXXXXXXXXXXXXX
4. ACRS................................................................................................................................................................ 4. XXXXXXXXXXXXXXX
5. Other Depreciation ........................................................................................................................................... 5. XXXXXXXXXXXXXXX
6. Listed Property .................................................................................................................................................. 6. XXXXXXXXXXXXXXX
7. Total federal depreciation claimed in arriving at Schedule A, Part I, line 28 ..................................................... 7. XXXXXXXXXXXXXXX
Include Federal Form 4562 and Federal Depreciation Worksheet
Modification at Schedule A, Part I, line 32 – Depreciation and Certain Safe Harbor Lease Transactions
8. Prior year New Jersey depreciation (see instructions) ...................................................................................... 8. XXXXXXXXXXXXXXX
9. Current year New Jersey depreciation (see instructions). Enter total from Depreciation Worksheet I ............. 9. XXXXXXXXXXXXXXX
10. Total New Jersey Depreciation. Add lines 8 and 9 ........................................................................................... 10. XXXXXXXXXXXXXXX
11. IRC § 179 limitation – Enter the lesser of line 1 or $25,000. ............................................................................. 11. XXXXXXXXXXXXXXX
12. Accumulated MACRS or bonus depreciation over accumulated New Jersey depreciation on physical
disposal of recovery property. Enter total from Depreciation Worksheet II ....................................................... 12. XXXXXXXXXXXXXXX
13. Other additions (include an explanation/reconciliation) ..................................................................................... 13. XXXXXXXXXXXXXXX
14. Other deductions (include an explanation/reconciliation).................................................................................. 14. XXXXXXXXXXXXXXX
15. ADJUSTMENT – Add lines 7 and 13. Subtract lines 10, 11, and 14. If line 12 is positive, add line 12
to the result. If line 12 is negative, subtract line 12 from the result. (If line 15 is positive, enter at
Schedule A, Part I, line 36a. If line 15 is negative, enter at Schedule A, Part I, line 36b) ................................ 15. XXXXXXXXXXXXXXX
Part II – New Jersey Depreciation for Gas, Electric, and Gas and Electric Public Utilities (See instructions)
1. Total depreciation claimed in arriving at Schedule A, Part I, line 21 ................................................................. 1. XXXXXXXXXXXXXXXX
2. Federal depreciation for assets placed in service after January 1, 1998 ......................................................... 2. XXXXXXXXXXXXXXXX
3. Net – Subtract line 2 from line 1 ....................................................................................................................... 3. XXXXXXXXXXXXXXXX
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. XXXXXXXXXXXXXXXX
b. Excess book depreciable basis over federal tax basis as of December 31, 1997 ..................................... 4b. XXXXXXXXXXXXXXXX
c. Less accumulated federal basis for all Single Asset Account property sold, retired, or disposed of to date . 4c. XXXXXXXXXXXXXXXX
d. Total (line 4a plus line 4b less line 4c) ........................................................................................................ 4d. XXXXXXXXXXXXXXXX
5. New Jersey Depreciation – Divide line 4d by 30 .............................................................................................. XXXXXXXXXXXXXXXX
6. New Jersey Adjustment
a. Depreciation adjustment for assets placed in service prior to Jan. 1, 1998 – Subtract line 5 from line 3 .. 6a. XXXXXXXXXXXXXXXX
b. Special bonus depreciation adjustment from Schedule S, Part I, line 15 (see instructions) ...................... 6b. XXXXXXXXXXXXXXXX
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. XXXXXXXXXXXXXXXX
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2023 – CBT-100S – Page 15
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER
New Jersey Depreciation Worksheet I (See instructions)
(A) (B) (C) (D) (E) (F) (G)
Classification of Property Basis for Bonus Depreciation Convention Method Federal New Jersey
Depreciation (30% or 50%) Depreciation Depreciation
Deduction Deduction (See
Instructions)
1. 3-year property XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX
2. 5-year property XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX
3. 7-year property XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX
4. 10-year property XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX
5. 15-year property XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX
6. 20-year property XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX
7. 25-year property XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX
8. Residential rental property XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX
9. Nonesidential rental property XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX
10. Total Column G (Enter amount on Schedule S, Part I, line 9) ................................................................................................................................. XXXXXXXXXXXXX
New Jersey Depreciation Worksheet II – Disposal of Recovery Property (See Instructions)
(A) (B) (C) (D) (E) (F)
Description of Property Date Acquired: Date Sold: Federal Depreciation New Jersey Excess/Deficiency
month, day, year month, day, year Depreciation
1. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
2. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
3. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
4. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
5. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
6. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
7. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
8. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
9. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
10. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
11. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
12. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
13. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
14. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
15. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX
16. Total Column F (Enter amount on Schedule S, line 12) ......................................................................................................................................... XXXXXXXXXXXXXX
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2023 – CBT-100S – Page 16
Schedule SJC Shareholder Jurisdictional Consent (See Instructions)
Part I Initial Information
Enter the effective date of the federal S corporation election: - -
A copy of the federal acceptance letter is required to be provided. If a copy has not been previously provided, check the box to indicate that you are
including it with this tax return.
By checking the box, the corporate officer affirms (1) this corporation is authorized as a federal S corporation and (2) certifies that the shareholders
listed below acknowledge New Jersey has the right and jurisdiction to tax and collect the tax on each shareholder’s S corporation income. If a non-
resident shareholder does not consent to New Jersey jurisdiction, the S corporation consents to the assumption of any tax liabilities.
Enter the name of the authorized officer attesting to this information:_______________________________________________________________
Complete the following information for each shareholder, person having a community property interest in the corporation’s stock, and each tenant in
common, joint tenant, and tenant by the entirety. (A husband and wife (and their estates) are counted as one shareholder).
Stock Owned
Social Security Number Number Date
Name or Federal ID Number of Shares Acquired Shareholder’s Address Consenting Nonconsenting
.
Qualified Subchapter S Subsidiary
By checking the box, the corporate officer consents (1) to the subsidiary being treated as a “New Jersey Qualified Subchapter S Subsidiary” and (2)
to taxation by New Jersey by filing a CBT-100S or a CBT-100 and remitting the appropriate tax liability including the assets, liabilities, income, and
expenses of its QSSS.
Enter the name of the authorized officer consenting to this information:______________________________________________________________
Corporate Parent Name Address Federal Identification Number
Part II Changes to Previously Reported Information
Enter the effective date of the federal S corporation election: - -
By checking the box to the left, the corporate officer affirms (1) this corporation is authorized as a federal S corporation and (2) a copy of the federal
acceptance letter has been provided to the State of New Jersey, and (3) certifies that the shareholders listed below acknowledge New Jersey has
the right and jurisdiction to tax and collect the tax on each shareholder’s S corporation income. If a nonresident shareholder does not consent to
New Jersey jurisdiction, the S corporation consents to the assumption of any tax liabilities.
Enter the name of the authorized officer attesting to this information:_______________________________________________________________
Section A
Complete the following information for each shareholder, person having a community property interest in the corporation’s stock, and each tenant in
common, joint tenant, and tenant by the entirety. (A husband and wife (and their estates) are counted as one shareholder).
Stock Owned
Social Security Number Number Date
Name or Federal ID Number of Shares Acquired Shareholder’s Address Consenting Nonconsenting
* Provide the full address of any shareholder who is not a resident of New Jersey.
Section B
Complete the following information for each person no longer having a community property interest in the corporation’s stock, tenant in common, joint
tenant, or tenant by the entirety. (A husband and wife (and their estates) are counted as one shareholder).
Stock Information
Name Social Security Number or Federal ID Number Number of Shares Date Relinquished
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2023 – CBT-100S – Page 17
SCHEDULE
State of New Jersey
NJ-K-1
(Form CBT-100S) Division of Taxation
2023
Shareholder’s Share of Income/Loss
For Calendar Year 2023, 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. Share of Pass-Through Business Alternative Income Tax ............... Tax return.
9. Distributions .....................................................................................
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
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2023 – 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 corporationsthat claim a credit for taxes paid to other jurisdictions in accordance withN.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 Share of Pass-Through Business Alternative Income Tax as reported in Part V, column E, Part VI, column F, or
Part VII, column G of Schedule K and Part V, column F, Part VI, column H, or Part VII, column I of Schedule K Liquidated.
Line 9 Enter distributions shareholder received during the year as reported in Part V, , VI or VII, Scheduleof 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 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 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.
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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 7.
4. The remittance for the total of all NJ-1040-SC forms is to be included with any Corporation Business axTdue 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.
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2023 – 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
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 42 ................................................................................... 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).
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