New Jersey Tax Division Releases Form CBT-100S, S Corporation Business Tax Return, With Schedules, Instructions

The New Jersey Division of Taxation Sept. 1 released a draft of Form CBT-100S, New Jersey Corporation Business Tax Return, with instructions, for individual income and corporate tax purposes. The form is for tax years ending on or after July 31, 2023, through June 30, 2024. A corporation that elects and qualifies to be an S corporation under the Internal Revenue Code is required to file the form, unless its shareholders elect to be treated as a C corporation. The instructions include information on; 1) when to file the return; 2) how the payment is to be made; and 3) ...