Get 2007 Form Cbt 100

A penalty of $100 per month (or fraction thereof) for each month the return is late will also be imposed. Late Payment Penalty: 5% of the balance of the taxes due and paid late. Interest: The annual interest rate is 3% above the average predominant prime rate.

A nonresident serviceperson who has income from New Jersey sources such as a civilian job in off-duty hours, income or gain from property located in New Jersey or income from a business, trade or profession carried on in this State must file a New Jersey nonresident return, Form NJ-1040NR.

Every partnership that has income or loss derived from sources in the State of New Jersey, or has any type of New Jersey resident partner, must file Form NJ-1065. Form NJ- CBT-1065 must be filed when the entity is required to calculate a tax on its nonresident partner(s).

Federal S corporations that have not elected and been authorized to be New Jersey S corporations must complete Form CBT-100 or Form CBT-100U as though no election had been made under I.R.C. § 1362. Corporations Claiming P.L. 86-272.

If line 1 is greater than $50,000 and less than or equal to $100,000, the tax rate is 7.5% (. 075). Tax periods of less than 12 months qualify for the 7.5% rate if the prorated tax- able net income does not exceed $8,333 per month. If line 1 is $50,000 or less, the tax rate is 6.5% (.

General Instructions for New Jersey Corporation Business Tax Return and Related Forms. Electronic Filing Mandate. All taxpayers and tax preparers must file Corporation Business Tax returns and make payments electronically. This mandate includes all returns, estimated payments, extensions, and vouchers.

Returns must be filed electronically. Note: Form CBT-100 is online for reference purposes only. Returns must be filed electronically.

File a final CBT-100 or CBT-100S within 30 days. This return will cover the period from the beginning of the current accounting period to the legal date of dissolution or withdrawal.