Form Cbt 100S PDF Details

For businesses operating as S corporations in New Jersey, understanding the CBT-100S form is crucial for annual tax filing and compliance with state regulations. This form, officially titled the S Corporation Business Tax Return, is a detailed document designed by the New Jersey Division of Taxation. It covers various aspects of business income, deductions, and shareholder distributions specific to the tax year 1999 for enterprises that qualify and elect to be taxed under Subchapter S of the Internal Revenue Code at a federal level. The form mandates the inclusion of completed schedules that correlate with the company's class of taxpayer status and necessitates the attachment of a copy of the federal return 1120S, ensuring consistency across federal and state tax reporting. The instructions provide clarity on completing and mailing the return, including specifics on statutory references, reportable accounting periods, and due dates tailored to the S corporation's accounting cycle. Interestingly, it also addresses new corporations, the ramifications of conducting business without proper certification, and the obligations for electronic funds transfers for those with significant tax liabilities. The liability for officers and directors concerning the distribution of assets without settling tax dues, procedures for requesting filing extensions, and penalties for underpayment or late submissions are also encapsulated in the guide. Moreover, it elaborates on the accounting methods to be applied, the handling of net operating losses, and the specifics of calculating tax rates and minimum taxes. Essential for all qualifying New Jersey S corporations, this form embodies the procedural and financial detailing required for compliant tax filings.

QuestionAnswer
Form NameForm Cbt 100S
Form Length32 pages
Fillable?No
Fillable fields0
Avg. time to fill out8 min
Other names99100sp cbt 100s 1999 form

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CBT-100S

STATE OF NEW JERSEY

DIVISION OF TAXATION

CORPORATION TAX

INSTRUCTIONS FOR S CORPORATION BUSINESS TAX RETURN

(Form CBT-100S - 1999)

SCHEDULE CHART

TAXPAYER MUST COMPLETE SCHEDULES INDICATED BY “X” FOR ITS RESPECTIVE CLASS

AND ATTACH A COPY OF THE CORRESPONDING FEDERAL RETURN 1120S

 

 

 

 

 

 

 

 

 

 

SCHEDULES

 

 

 

 

 

 

 

 

 

CLASS OF TAXPAYER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A

A-2 A-3

B

C

E

F

H

J

K

P

P-1

Q

R

S

NJ-K-1

 

1.

Non-Allocating

X

X

X

X

X

X

X

X

 

 

X

X

X

X

X

X

X

 

2.

Allocating

X

X

X

X

X

X

X

X

X

 

X

X

X

X

X

X

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

NJ QSSS

 

 

 

 

 

 

 

 

 

 

 

 

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.COMPLETING AND MAILING RETURNS:

Please read all instructions carefully before completing returns.

(a)Statutory references are to the New Jersey Statutes Annotated and indicate, unless otherwise designated, the section of the Corporation Business Tax Act, as amended and supplemented, on which the instruction is based. To obtain additional information or tax forms, follow the instructions on the bottom of page 13.

(b)Remove the pre-printed name and address label from the front of the booklet and place it in the appropriate space provided on the return. If any information on this label is incorrect, make all necessary changes on the label. If no label is provided, print or type the Federal Employer Identification Number, New Jersey Corporation Number, Corporation Name, complete address and zip code in the space provided on the return.

(c)Provide the remaining information requested on the top portion of the return. Enter the total gross receipts less returns and allowances as reported on Schedule A, line 1. This information must be entered even if the taxpayer submits copies of Federal schedules in lieu of completing Schedule A. The principal business activity code should be taken from the taxpayer’s Federal tax return. Be sure to provide the location of the corporate books as well as a contact person and telephone number.

(d)Send the completed return to: State of New Jersey, Division of Taxation, Corporation Tax, PO Box 666, Trenton, NJ 08646- 0666. Use the large preprinted envelope provided in this packet to mail the return.

2.All schedules and questions must be answered unless permission to omit or substitute is indicated on the return form. All applicable schedules must be submitted on the official New Jersey tax form or an exact reproduction thereof. If the answer to any item is “No” or “None”, write “No” or “None”. Do not merely leave the item blank.

3.(a) 1999 ACCOUNTING PERIODS AND DUE DATES:

The 1999 S Corporation Business Tax Return should only be

used for accounting periods ending on and after July 31, 1999 through June 30, 2000. The due dates for all 1999 S Corporation Business Tax Returns and payments are reported on the following schedule.

If accounting

 

 

 

 

 

 

 

 

 

 

 

 

period ends

July 31,

Aug 31,

Sept 30,

Oct. 31,

Nov. 30,

Dec. 31,

on:

1999

1999

1999

1999

1999

1999

 

 

 

 

 

 

 

Due date for

Nov. 15,

Dec. 15,

Jan. 18,

Feb. 15,

Mar. 15,

Apr. 17,

filing is:

1999

1999

2000

2000

2000

2000

 

 

 

 

 

 

 

If accounting

 

 

 

 

 

 

period ends

Jan. 31,

Feb. 29,

Mar. 31,

Apr. 30,

May 31,

June 30,

on:

2000

2000

2000

2000

2000

2000

Due date for

May 15,

June 15,

July 17,

Aug. 15,

Sept. 15,

Oct. 16,

filing is:

2000

2000

2000

2000

2000

2000

 

 

 

 

 

 

 

Calendar or fiscal accounting year is the same accounting period upon which the taxpayer is required to report to the United States Treasury Department for Federal Income Tax purposes. Please note the ending month of the accounting period for Federal returns and New Jersey returns must match, however, the tax return year for the Federal and State returns may differ. (i.e. A taxable year ending 8/31/99 may be filed on a 1998 Federal 1120; the same taxable year must be filed on a 1999 NJ CBT-100S.) All accounting periods must end on the last day of the month, except that taxpayers may use the same 52-53 week accounting year that is used for Federal Income Tax purposes, see N.J.A.C. 18:7-2.3.

Do not alter the year appearing in the upper left hand corner or the taxable year caption on page 1 of the CBT-100S. Changing the above information will delay the processing of your return. If returns are required for a different year, please refer to the forms ordering instructions on page 13 of this booklet.

(b)NEW CORPORATIONS:

(1)Every New Jersey corporation acquires a taxable status beginning 1) on the date of its incorporation, or 2) on the first day of the month following its incorporation if so stated

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in its certificate of incorporation. Every corporation which incorporates, qualifies or otherwise acquires a taxable status in New Jersey must file a Corporation Business Tax Return. A tax return must be filed for each fiscal period, or part thereof, beginning on the date the corporation acquired a taxable status in New Jersey regardless of whether it had any assets or conducted any business activities. No return may cover a period exceeding twelve (12) months, even by a day.

(2)Every corporation which incorporates, qualifies or otherwise acquires a taxable status in New Jersey and which has adopted a fiscal year other than December 31, shall advise the Division of Taxation promptly of the date of such accounting period. If no such advice is received on or before April 17, 2000, the taxpayer will be deemed “delinquent” if no return is filed on or before April 17, 2000.

(3)Every corporation that elects to be a New Jersey S corporation must file a “New Jersey S Corporation or New Jersey QSSS Election” (Form CBT-2553) within one calendar month subsequent to the Federal S corporation filing requirement.

(c)TRANSACTING BUSINESS WITHOUT A CERTIFICATE OF AUTHORITY: In addition to any other liabilities imposed by law, a foreign corporation which transacts business in this State without a certificate of authority shall forfeit to the State a penalty of not less than $200.00, nor more than $1,000.00 for each calendar year, not more than 5 years prior thereto, in which it shall have transacted business in this State without a certificate of authority. N.J.S.A. 14A:13-11(3).

4.(a) PAYMENT OF TAX: Make remittance payable to “State of New Jersey - CBT” and forward with the preprinted payment voucher, CAR-100, provided in this packet. MAKE OUT A

SEPARATE REMITTANCE FOR EACH TAX RETURN (CBT-100S) OR ESTIMATED PAYMENT VOUCHER (CBT-150) SUBMITTED. Do not remit the tax for two or more returns in one check. Indicate the taxpayer’s Federal Employer Identification Number on each remittance.

(b)All corporations are required to make installment payments of estimated tax. Generally, these payments are remitted with the form CBT-150. Refer to Instruction 38 for further information.

5.ELECTRONIC FUNDS TRANSFERS: The Division of Revenue has established procedures to allow the remittance of tax payments through Electronic Funds Transfer (EFT). Taxpayers with a prior year’s liability of $20,000 or more in any one tax are required to remit all tax payments using EFT. If you have any questions concerning the EFT program, call (609) 984-9830 or write to N.J. Division of Revenue EFT Section, PO Box 191, Trenton, N.J. 08646-0191.

6.PERSONAL LIABILITY OF OFFICERS AND DIRECTORS: Any officer or director of any corporation who shall distribute or cause to be distributed any assets in dissolution or liquidation to the stockholders without having first paid all corporation franchise taxes, fees, penalties and interest imposed upon said corporation, in accordance with N.J.S.A. 14A:6-12, N.J.S.A. 54:50-18 and other applicable provisions of law, shall be personally liable for said unpaid taxes, fees, penalties and interest. Compliance with N.J.S.A. 54:50-13 is also required in the case of certain mergers, consolidations and dissolutions.

7.EXTENSION OF TIME TO FILE RETURN:

(a)The Division of Taxation will grant an automatic extension of

six (6) months for filing the final Corporation Business Tax Return. In general, the extended period may not exceed six

(6)months from the original due date of the return. No extensions will be granted unless requested on tentative return form CBT-200-T which must be postmarked on or before the due date for filing the return. The Tentative Return must show the full name, address, Federal Employer Identification Number, N.J. Corporation Number, the tax liability, and must be submitted with payment for the total amount due. A preprinted CBT-200-T voucher is included in this packet.

(b)If an extension has been requested, the corporation should notify all shareholders of such request.

(c)Installment Payment - Any taxpayer with a tax liability of less than $500 on line 1, may make a payment of 50 percent of line 1 in lieu of making the installment payments otherwise required. Taxpayers who report a tax liability of $500 or more on line 1 should not make an entry on line 2 and are required to make installment payments as indicated in Instruction 38.

(d)PENALTIES AND INTEREST

(1)Interest - The annual interest rate is 3% above the average predominant prime rate. Interest is imposed each month or fraction thereof on the unpaid balance of tax from the original due date to the date of payment. At the end of each calendar year, any tax, penalties and interest remaining due will become part of the balance on which interest will be charged. The interest rates assessed by the Division of Taxation are published in the quarterly issues of the New Jersey State Tax News. To obtain a copy, refer to the instructions at the bottom of page 13.

NOTE: The average predominant prime rate is the rate as determined by the Board of Governors of the Federal Reserve System, quoted by commercial banks to large businesses on December 1st of the calendar year immediately preceding the calendar year in which payment was due or as redetermined by the Director in accordance with N.J.S.A. 54:48-2.

(2)Insufficiency Penalty - If the amount paid with the Tentative Return, Form CBT-200-T, is less than 90% of the tax liability computed on Form CBT-100S, or in the case of a taxpayer whose preceding return covered a full 12 month period, is less than the amount of the tax computed at the rates applicable to the current accounting year but on the basis of the facts shown and the law applicable to the preceding accounting year, the taxpayer may be liable for a penalty of 5% per month or fraction thereof not to exceed 25% of the amount of underpayment from the original due date to the date of actual payment.

8.ACCOUNTING METHOD: The return must be completed using the same method of accounting, cash, accrual or other, that was employed in the taxpayer’s Federal Income Tax Return.

9.RIDERS: Where space is insufficient, attach riders in the same form as the original printed sheets. Only write on one side of the sheet.

10.TAX RATES:

(a)The tax rate on entire net income that is not subject to federal income taxation or such portion thereof as may be allocable to New Jersey is 2.0% (.02). For taxpayers with total entire net income (Schedule A, line 41) of $100,000 or less, the applicable tax rate for entire net income that is not subject to Federal corporate taxation is 0.5% (.005). Tax periods of less than 12 months qualify for this reduced rate if the prorated entire net income does not exceed $8,333 per month.

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(b)The tax rate is 9.00% (.09) of entire net income that is subject to federal income taxation or such portion thereof as may be allocable to New Jersey. For taxpayers with total entire net income (Schedule A, line 41) of $100,000 or less, the applicable tax rate for entire net income that is subject to federal corporate taxation is 7.50% (.075). Tax periods of less than 12 months qualify for this reduced rate if the prorated entire net income does not exceed $8,333 per month.

(c)The tax rate on the net pro rata share of the S corporation income allocated to New Jersey for the nonconsenting shareholders is 6.37% (.0637).

(d)MINIMUM TAX: The minimum tax requirement for all periods is $200 for both domestic and foreign corporations. The minimum tax cannot be prorated. Zero (0) returns are not permitted.

11.CORPORATIONS REQUIRED TO FILE THIS RETURN:

(a)Every corporation that has elected and qualifies pursuant to Section 1361 of the Internal Revenue Code and has qualified and been accepted as a New Jersey S Corporation is required to file a CBT-100S.

(b)Foreign corporations that meet the filing requirements and whose income is immune from tax pursuant to Public Law 86- 272, 15 U.S.C. § 381 et seq., must obtain and complete Schedule N, Nexus - Immune Activity Declaration, and remit the minimum tax with the CBT-100S. Refer to instruction 28.

(c)Any corporation who for Federal purposes is treated as a Qualified Subchapter S Subsidiary is eligible to be a New Jersey Qualified Subchapter S Subsidiary. Every corporation that has qualified and been accepted as a New Jersey Qualified Subchapter S Subsidiary is required to file a New Jersey Corporation Business Tax Return remitting only the minimum tax liability of $200.

12.SIGNATURE: Each return must be signed by an officer of the corporation who is authorized to attest to the truth of the statements contained therein. The fact that an individual’s name is signed on the return shall be prima facie evidence that such individual is authorized to sign the return on behalf of the corporation. Tax preparers who fail to sign the return or provide their assigned tax identification number shall be liable for a $25.00 penalty for each such failure. If the tax preparer is not self-employed, the name of the tax preparer’s employer and the employer’s tax identification number should also be provided. In the case of a corporation in liquidation or in the hands of a receiver or trustee, certification shall be made by the person responsible for the conduct of the affairs of such corporation.

13.FINAL DETERMINATION OF NET INCOME BY FEDERAL GOVERNMENT: Any change or correction made by the Internal Revenue Service or other competent authority to taxable income must be reported to the Division within ninety (90) days. Also, amended NJ-K-1’s must be provided to the appropriate shareholders. To amend CBT-100S returns, use the CBT-100S form for the appropriate tax year and write “AMENDED RETURN” clearly on the front page of the form.

FEDERAL/STATE TAX AGREEMENT: The New Jersey Division of Taxation and the Internal Revenue Service participate in a Federal/State program for the mutual exchange of tax information to verify the accuracy and consistency of information reported on Federal and New Jersey tax returns

14.SCHEDULE A - COMPUTATION OF ENTIRE NET INCOME: Every taxpayer must complete this schedule on the form provided. In lieu of completing lines 1 to 21, taxpayers may

submit a copy of the corresponding Federal Income Tax return, Form 1120S.

(a)GENERAL:

(1)The figures shown on lines 1 to 21 must be the same as lines 1 to 21 on page 1 of the Federal Income Tax Return, Form 1120S.

(2)Line 31 - Must reflect entire net income in the same manner and to the same extent as if no Federal Income Tax S or New Jersey S election had been made.

(3)A copy of the Federal Form 1120S, including Schedule K, must be submitted with the CBT-100S.

(b)Line 4: Add a rider or schedules showing the same information shown on Federal Form 1120S, Form 4797.

(c)Lines 22(a) to 30: Include all items of income and expense which pass through to the individual shareholders as reported on the Federal Schedule K. Be sure to report lines 26, 27 and 28 as deductions.

Charitable contributions are limited to 10% of taxable income for New Jersey purposes and should be stated separately on line 30.

Built-in gains must be reported on line 23(d) as a gross amount exclusive of any net effects of taxes paid by the corporation.

(d)Line 32: Include any interest income that was not taxable for Federal Income Tax purposes, and was not included in total income reported on line 31, Schedule A.

(e)Line 33: Enter the total taxes paid or accrued to the United States, a possession or territory of the United States, a state, a political subdivision thereof, or the District of Columbia, on or measured by profits or income, business presence or business activity, or any sales and use tax paid by a utility vendor, taken as a deduction in Schedule A and reflected in line 31. Refer to Instruction 22.

(f)Line 34: Any tax paid by the corporation on behalf of any shareholder should not have been deducted as an expense on Schedule A. However, if the corporation expensed such taxes on Schedule A, these taxes must be included in line 34.

(g)Line 35: Enter the depreciation and other adjustments from Schedule S. (See Instruction 34).

(h)Line 36(a): DEDUCTION FOR FOREIGN TAXES PAID,

WITHHELD, OR DEEMED PAID: Taxes actually paid to or withheld by a foreign country and claimed as a credit on the

Federal Income Tax Return may be deducted only to the extent that the related income is included in entire net income on line

41.Any such taxes appearing as a deduction in arriving at line 31, entire net income before special deductions or net operating loss deduction, must be adjusted to the extent that they relate to dividends excluded from line 41.

The portion of any Section 78 gross-up included in dividend income on line 23(b), Schedule A, that is not excluded from entire net income on line 41, may be treated as a deduction for foreign taxes.

Lines 36(b) and (c): Use these lines to report amounts of (1) adjustments not otherwise specifically provided for and (2) gross income, less deductions and expenses in connection therewith, from sources outside the United States, not included in Federal taxable income and (3) the net effect of the elimination of non-operational and non-unitary partnership income and expenses from line 36, Schedule O, Part I. Attach separate riders explaining fully such items.

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(i)Line 38: A net operating loss for a taxable year may be carried forward as a net operating loss deduction to a succeeding year. An S corporation may carry forward losses generated as a C corporation prior to its New Jersey S election. A net operating loss is the excess of allowable deductions over gross income used in computing entire net income. Neither a net operating loss deduction nor the dividend exclusion is an allowable deduction in computing a net operating loss. The statute authorizes a carryover of the deduction for seven years. Schedule A-1 must be completed if the net operating loss deduction is taken. See instruction 15.

(j)Line 40: Dividends from all sources must be included in Schedule A. However, an exclusion from entire net income for certain dividend income may be taken as indicated in Schedule R. Taxpayer may not include money market fund income as part of the dividend exclusion.

(k)Line 41: If line 41 is a negative amount, DO NOT SUBTRACT line 42 from line 41. The loss on line 41 should be carried to line 43. The income on line 42 should be multiplied by line 44 and carried to line 45.

(l)Line 42: Must reflect the income used as a basis in determining the Federal tax payable by the corporation as reported on the Federal Form 1120S, such as certain built-in gains, net passive income, etc. Built-in gains must be reported on line 23(d) as a gross amount exclusive of any net effects of taxes paid by the corporation.

(m)RIGHT OF DIRECTOR TO CORRECT DISTORTIONS OF NET INCOME: The Director is authorized to adjust and redetermine items of gross receipts and expenses as may be necessary to make a fair and reasonable determination of tax payable under the Corporation Business Tax Act. For details regarding the conditions under which this authority may be exercised, refer to regulation N.J.A.C. 18:7-5.10.

15.SCHEDULE A-1 - NET OPERATING LOSS DEDUCTION AND CARRYOVER: Complete this schedule only if a net operating loss has been carried forward from a previous tax year and claimed as a deduction on the current year’s return. An S corporation may carry forward losses generated as a C corporation prior to its New Jersey S election. Use lines 1 through 7, columns 1 through 4 to compute the net operating loss from a previous tax year or years. Determine the amount of the net operating loss by adding back to the loss reported on Schedule A, line 31 (CBT- 100S) or Schedule A, line 28 (CBT-100) all New Jersey adjustments except for the dividend exclusion for that tax year. The amount of a net operating loss allowed to be taken as a deduction in the current tax year is limited to the amount of income reported on line 37 of Schedule A for that tax year. Use lines 8 through 14 in columns 1 and 4 to report for each year a net operating loss deduction is taken, the amount of the previous year’s net operating loss used to offset entire net income before the dividend exclusion. The net amount reported on line 15 represents the unused net operating loss carryover available for future use. If space is insufficient due to the filing of more than one tax return for the same tax year, attach a rider to report the required information.

16.SCHEDULE A-2 - COST OF GOODS SOLD: The amounts reported on this schedule must be the same as the amounts reported on the taxpayer’s Federal income tax return.

17.SCHEDULE A-3 - SUMMARY OF TAX CREDITS: This schedule must be completed if one or more tax credits are claimed for the current tax period. The total on line 10 must equal the amount reported on page 1, line 10. Refer to Instruction 37 for tax credit information.

18.SCHEDULE B - BALANCE SHEET: Every taxpayer must complete this schedule. The amounts reported must be the same as the year end figures shown on the taxpayer’s books.

19.SCHEDULE C - RECONCILIATION OF INCOME PER BOOKS WITH INCOME PER RETURN: Every corporation must complete this schedule.

20.SCHEDULE E - GENERAL INFORMATION: All taxpayers must answer all questions on this schedule. In addition, riders must be submitted where necessary in answering the questions.

21.SCHEDULE F - CORPORATE OFFICERS GENERAL INFORMATION AND COMPENSATION: All applicable information should be provided for each corporate officer regardless of whether or not compensation was received.

22.SCHEDULE H - TAXES: Itemize all taxes which were in any way deducted in arriving at taxable net income, whether reflected at line 2 (Cost of goods sold and/or operations), line 12 (Taxes), line 19 and/or 28 (Other deductions) or anywhere on Schedule A. Also refer to instruction 14(e).

23.OPTIONAL COPIES OF SCHEDULES A: Any taxpayer who files a Federal Form 1120S with the Internal Revenue Service may submit copies of page 1 in lieu of completing lines 1 to 21 of Schedule A. Such copies or reproductions must be facsimiles of the complete schedules; they must be of good legibility and on paper of substantially the same weight and texture, and of a quality at least as good as that used in the official form, CBT-100S. They must also be of the same size as that of the official schedules, both as to the overall dimensions of the paper and the image reproduced thereon.

Separate pages must be fastened together in proper order and must be attached to the return form. The taxpayer’s full name and identifying number must be typed or printed on each reproduced page or copy.

24.SCHEDULE J PART I - GENERAL INSTRUCTIONS REGARDING ALLOCATION OF ADJUSTED ENTIRE NET INCOME:

(a)WHO IS PERMITTED TO ALLOCATE: No domestic or foreign corporation is permitted to allocate less than 100% of its adjusted entire net income to New Jersey, unless, during the period covered by the return, it actually maintained a regular place of business outside of New Jersey other than a statutory office.

(b)DEFINITION OF REGULAR PLACE OF BUSINESS: A “regular place of business” is any bona fide office (other than a statutory office), factory, warehouse, or other space of the taxpayer which is regularly MAINTAINED, OCCUPIED and USED by the taxpayer in carrying on its business and in which one or more regular employees are in attendance. To maintain a place of business, the taxpayer must either own or rent the premises. That cost must be borne directly by the the taxpayer and not by some related entity or person.

(c)ALLOCATION PERCENTAGES: In computing the allocation factor in Schedule J, division must be carried to six decimal places, e.g., .123456.

(d)ELECTION TO ALLOCATE: If the taxpayer is entitled to allocate, the election should be made with the filing of the Corporation Business Tax return regardless of the amount of income reported on line 41 of Schedule A. Schedule J must be completed to validate the election.

(e)Only the receipts, property and payroll expenses attributable to operational activity are to be used in computing the allocation factor denominators.

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25.SCHEDULE J PART II - AVERAGE VALUES: Average value is generally computed on a quarterly basis where the taxpayer’s accounting practice permits such computation. At the option of the taxpayer or the State, a more frequent basis (monthly, weekly or daily) may be used. Where the taxpayer’s accounting practice does not permit computation of average value on a quarterly or more frequent basis, semi-annual or annual frequency may be used only where no distortion of average value results. If any basis other than quarterly is used, state the basis and reasons for use thereof on rider.

The average values of real and tangible personal property owned which are used in determining the property fraction of the allocation factor are based on book value. The numerator and denominator must take into account accumulated depreciation deferred for net income purposes where the taxpayer accounts for its property on its books on a Federal income tax basis. Rented or leased property is valued at eight times its annual rent, including any amounts (such as taxes) paid or accrued in addition to or in lieu of rent during the period covered by the return. All other property which is used by the taxpayer but is neither owned, rented or leased, should be valued at book value, however, if no such book value exists, the market value of the property should be used.

26.SCHEDULE J PART III - COMPUTATION OF ALLOCATION FACTOR: This schedule may be omitted if the taxpayer does not maintain a regular place of business outside this State other than a statutory office, in which case the tax law requires the allocation factor to be 100%.

(a)However, if the allocation factor is 100% but the taxpayer in fact pays tax to another state based on or measured by income which is included on Schedule A of this return, it may compute a reduction in its N.J. Corporation Business Tax under certain conditions. Refer to N.J.A.C. 18:7-8.3 for eligibility and the method of computing such reduction. A copy of this regulation can be obtained from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13. The credit for taxes paid to other jurisdictions may be claimed on Page 1, line 8. New Jersey S corporations which claim this credit must advise each shareholder of this information so that they may properly complete their New Jersey Gross Income Tax return.

(b)LINE 1 - PROPERTY FRACTION: For general information regarding method of valuation in arriving at average values, see instruction 25. Tangible personal property is within New Jersey if and so long as it is physically situated or located here. Property of the taxpayer held in New Jersey by an agent, consignee or factor is (and property held outside New Jersey by an agent, consignee or factor is not) situated or located within New Jersey. Property, while in transit from a point outside New Jersey to a point in New Jersey or vice versa does not have a fixed situs either within or outside the State and, therefore, will not be deemed to be “situated” or “located” either within or outside New Jersey and accordingly the average value of such property should be omitted from both the numerator and the denominator of the property fraction. Ships, aircraft, satellites used in the communications industry, and other mobile or movable property are subject to the specific rules defined in N.J.A.C. 18:7-8.4.

(c)LINE 2(a) - RECEIPTS FRACTION: Receipts from sales of tangible personal property are allocated to New Jersey where the goods are shipped to points within New Jersey.

Receipts from the sale of goods are allocable to New Jersey if shipped to a New Jersey or a non-New Jersey customer where possession is transferred in New Jersey. Receipts from the sale

of goods shipped to a taxpayer from outside of New Jersey to a New Jersey customer by a common carrier are allocable to New Jersey. Receipts from the sale of goods shipped from outside of New Jersey to a New Jersey location where the goods are picked up by a common carrier and transported to a customer outside of New Jersey are not allocable to New Jersey.

Receipts from the following are allocable to New Jersey; services performed in New Jersey; rentals from property situated in New Jersey; royalties from the use in New Jersey of patents or copyrights; all other business receipts earned in New Jersey.

(d)LINES 2(e) and 2(g)

(1)RECEIPTS FROM SALES OF CAPITAL ASSETS: Receipts from sales of capital assets (property not held by the taxpayer for sale to customers in the regular course of business), either within or outside New Jersey, should be included in the numerator and the denominator based upon the net gain recognized and not upon gross selling prices. Where the taxpayer’s business is the buying and selling of real estate or the buying and selling of such securities for trading purposes, gross receipts from the sale of such assets should be included in the numerator and the denominator of the receipts fraction.

(2)DIVIDEND INCOME: The amount of dividends excluded from entire net income at line 40, Schedule A, must not be included in the numerator or denominator of the receipts fraction.

(e)Lines 2(h) and 2(i) - The percentage of receipts in New Jersey should be entered on both lines 2(h) and 2(i) to effect a double- weighted receipts fraction in the computation of the allocation factor.

(f)LINE 3 - PAYROLL FRACTION: In general, a taxpayer reporting to the Division of Employment Security in the New Jersey Department of Labor will allocate to New Jersey all wages, salaries and other personal service compensation, etc., reportable to that Division, including the portions thereof, in individual cases, in excess of taxable wages. All executive salaries are includible in both the numerator and denominator. See N.J.S.A. 54:10A-7 for the definition of wages, salaries and other personal services compensation allocable to New Jersey.

(g)ALLOCATION FACTOR - GENERAL: The allocation factor is computed by adding together the percentages shown at lines 1(c), 2(h), 2(i) and 3(c) of Schedule J, Part III for the period covered by the return, and dividing the total of the percentages by four (4). However, if the property or payroll fraction is missing, the remaining percentages are added and the sum is divided by three. If the receipts fraction is missing, the other two percentages are added and the sum is divided by two. If two of the fractions are missing, the remaining percentage may be used as the allocation factor. A fraction is not missing merely because its numerator is zero, but is missing if its denominator is zero.

If there is a declaration of nonoperational income, expenses, or assets from Schedule O, those items attributable to the non- operational activity should be excluded from the denominator of all three fractions of the allocation factor.

27.SCHEDULE K - SHAREHOLDERS’ SHARES OF INCOME, DEDUCTIONS, ETC.

(a)PART I

Line 1 - Enter the total number of shareholders as of the closing date of this return.

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Line 2 - Enter the total number of nonresident shareholders included on line 1 above.

Lines 3(a) and (b) - Enter the total number of nonconsenting shareholders included on line 1 and the percentage of stock owned as of the closing date of this return.

(b)PART II

Lines 2(a) - (l) - Enter the amounts of income or loss as reported on the corresponding lines of your Federal Form 1120S, Schedule K.

Lines 4(a) - (d) Additions

(a)Enter any State and municipal interest income that was not included in line 3. Do not include interest received or credited from obligations of the State of New Jersey or any of its political subdivisions.

(b)Enter the total taxes paid or accrued to the United States, a state, a political subdivision thereof, or the District of Columbia on or measured by profits or income, or business presence or business activity, including income taxes paid or accrued by the corporation on behalf of, or in satisfaction of the liabilities of, the shareholders of the corporation, taken as a deduction on the CBT-100S, Schedule A and reflected in line 3, Part II of Schedule K.

(c)Enter all interest on indebtedness incurred or continued, expenses paid and incurred to purchase, carry, manage or conserve, and expenses of collection of the income or gain from obligations the income or gain from which is deductible pursuant to N.J.S.A. 54A:6-14 and 6-14.1, and reflected in line 3, Part II of Schedule K.

(d)Enter any losses reflected in line 3 that are not deductible for Gross Income Tax pursuant to N.J.S.A. 54A:6-14 and 6- 14.1, i.e. losses from exempt Federal obligations and/or obligations of the State of New Jersey or its political subdivisions.

Lines 6(a) - (e) Subtractions

(a)Enter any interest income reflected in line 3 that is not subject to Gross Income Tax pursuant to N.J.S.A. 54A:6-14 and 6-14.1, i.e. interest income on exempt Federal obligations.

(b)Enter any gains reflected in line 3 that are not subject to New Jersey Gross Income Tax pursuant to N.J.S.A. 54A:6-14 and 6-14.1, i.e. gains or losses from exempt Federal obligations and/or obligations of the State of New Jersey or its political subdivisions.

(c)IRS Section 179 expenses from Federal Schedule K.

(d)50% of meals and entertainment expenses not deductible for Federal purposes.

(e)Other subtractions -

(1)Expenses to generate Federal tax exempt income that is taxable for New Jersey Gross Income Tax purposes. Attach schedule.

(c)PART III

Line 1 (a) - If you have completed Schedule O - Nonoperational Activity, enter the amount reported on Part I, line 34, of Schedule O. If you have not completed Schedule O, enter zero on this line. If the nonoperational income has already been deducted from line 1 via adjustments made in Part II, make no adjustments on this line.

Line 5 - If you have completed Schedule O - Nonoperational

Activity, enter the amount reported on Part III, line 31, column C, Total Allocated New Jersey Portion. If you have not completed Schedule O, enter a zero on this line.

(d)PART IV

Distributions for New Jersey tax purposes should be made in the same manner as for Federal tax purposes following the rules listed in Sections 1368 and 1371 of the Internal Revenue Code.

(e)PART IV-A

ANALYSIS OF NEW JERSEY ACCUMULATED ADJUSTMENTS ACCOUNT (AAA) - This account reflects New Jersey S corporation earnings after a New Jersey S corporation election has been filed and approved.

NOTE: If applicable, the allocation percentage from Schedule K, Part III, line 3 should be used for all allocated amounts indicated below.

1.Column A includes:

Resident - All items of income, loss, reduction or distribution regardless of where it is generated (include both allocated and non-allocated amounts).

Nonresident - Items of income, loss, reduction or distribution generated from New Jersey sources (include allocated amounts only).

2.Column B includes: Resident - No items.

Nonresident - Items of income, loss, reduction or distribution generated from non-New Jersey sources (include non-allocated amounts only).

Line 1 - Enter the prior year ending balance of the New Jersey Accumulated Adjustments Account (AAA). For the first year of the New Jersey S corporation election, the beginning balance of the New Jersey AAA account will be zero.

Line 2 - Enter the net pro rata share of allocated and non- allocated S corporation income or loss for resident shareholders and the net pro rata share of allocated S corporation income for nonresident shareholders.

Line 3 - Enter the total of the allocated and non-allocated tax- exempt income or loss for resident shareholders and the allocated tax-exempt income or loss for nonresident shareholders.

Line 4 - Enter the total of the allocated and non-allocated other reduction(s) for resident shareholders and the allocated other reduction(s) for nonresident shareholders. Other reductions include charitable contributions made by the S corporation, taxes based on income paid by the S corporation (the taxes added back on Schedule K, Part II, line 4b), health or life insurance paid by the S corporation, fines and penalties paid by the S corporation, club dues paid by the S corporation, and any foreign taxes paid by the S corporation. Also, other reductions should include any other adjustments for expenses which are nondeductible for federal income tax purposes in determining income but must be taken into consideration in calculating the ending balance of AAA in the year the expenses are incurred or paid, and are not already included in Schedule K, Part II. Provide a Schedule detailing other reductions.

Line 5 - Enter the total of lines 1, 2, 3 and 4.

Line 6 - Enter the total of the allocated and non-allocated distribution(s) for the resident shareholder and the allocated distribution(s) for the nonresident shareholder. Federal rules governing distributions must be followed.

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(f)PART IV-B

NEW JERSEY EARNINGS AND PROFITS ACCOUNT - This account reflects New Jersey C corporation earnings prior to any New Jersey S corporation election.

Line 1 - Enter the beginning balance of the New Jersey E & P account. For the first year of the New Jersey S corporation election, the beginning balance of the earnings and profits account will be the retained earnings of the corporation prior to the New Jersey S election. If the retained earnings of the corporation prior to the New Jersey S election is a negative amount, enter ZERO.

Line 2 - Enter any additions or adjustments that must be made for Federal income tax purposes.

Line 3 - Enter any dividends paid during the tax year from the earnings and profits account. Refer to instruction 27(e), line 6.

(g)PARTS V, VI and VII

Complete Parts V, VI and VII including shareholders’ full names and social security numbers. List ALL shareholders in the S corporation receiving either a Federal or New Jersey K-1. Report all distributions issued to shareholders during the reporting period whether in cash or property. If additional space is required, attach separate schedules in the exact format for the additional shareholders.

1.PART V - For resident shareholders, indicate their pro rata share of S corporation income from all sources.

2.PART VI - For consenting non-resident shareholders, indicate the income/loss allocated to New Jersey in column

(C)and the income/loss not allocated to New Jersey in column (D).

3.PART VII - For nonconsenting non-resident shareholders, indicate the income/loss allocated to New Jersey in column

(C)and the income/loss not allocated to New Jersey in column (D). Enter on page 1, lines 16 and 17 of the CBT- 100S, the totals reported from Part VII, column (C), the income allocated to New Jersey, and column (F), Gross Income Tax Paid, respectively. If the income allocated to New Jersey is a loss, enter a zero (0) on lines 16 and 17 on page 1 of the CBT-100S.

28.SCHEDULE N - NEXUS - IMMUNE ACTIVITY DECLA- RATION: Foreign corporations that claim their income is immune from taxation pursuant to Public Law 86-272, 15 U.S.C. § 381 et seq., must complete Schedule N and file it with the CBT-100S. This schedule may be obtained from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13.

29.SCHEDULE O - NONOPERATIONAL ACTIVITY: Corporations that claim to have nonoperational activity, nonoperational assets or non-unitary partnership investments must complete Schedule O and file it with the CBT-100S. This schedule may be obtained from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13. Complete lines 4(a) and 4(b) on page 1 only if a completed Schedule O is attached to the return.

30.SCHEDULE P - SUBSIDIARY INVESTMENT ANALYSIS: Itemize the investment in each subsidiary company, showing the name of each subsidiary, the percentage of interest held in each company, the individual book value included in the balance sheet for each subsidiary investment and the amount of dividends received from each subsidiary which is included in gross income on Schedule A. Do not include advances or other receivables due to

subsidiaries in the book value reported at Column 3.

31.SCHEDULE P-1 - PARTNERSHIP INVESTMENT ANALYSIS: Itemize the investment in each partnership, limited liability company and any other entity which is treated for Federal tax purposes as a partnership. List the name, the date and state where organized, and the Federal Identification number for each partnership. Also, check the type of ownership (general or limited), the tax accounting method used to reflect your share of partnership activity on this return (flow through method or separate accounting) and whether or not the partnership has nexus in New Jersey. Attach a copy of Schedule NJ-K-1 from form NJ-1065 if the partnership is filing in New Jersey, or the Federal Schedule K-1 if not. Any one member limited liability company should be included on this

schedule. Corporations who claim that their partnership investments are non-unitary and therefore are utilizing the Separate Tax Accounting Method must complete Schedule O to report this activity and compute the appropriate amount of tax.

32. SCHEDULE Q - QUALIFIED SUBCHAPTER S

SUBSIDIARIES (QSSS): All Federal S Corporations which are treated federally as a Qualified Subchapter S Subsidiary (QSSS) will be recognized accordingly by New Jersey. However, to qualify as a New Jersey QSSS, a copy of Federal Form 966 and a New Jersey Form CBT-2553 signed by a corporate officer in which the corporate parent shareholder consents to taxation by New Jersey must be submitted. The Corporation Business Tax return of the New Jersey QSSS will reflect a $200 minimum tax liability. The assets, liabilities, income and expenses will be treated as those of the parent corporation. Failure to file either a Federal Form 966 or a New Jersey Form CBT-2553 with the corporate parents consent to taxation by New Jersey will result in the denial of New Jersey QSSS status and subject the entity to taxation in New Jersey as a C corporation. A New Jersey QSSS, is required to annually file page 1 and Schedule Q of the Corporation Business Tax return and Form CAR-100, the Corporation Business Tax Payment and Annual Report form.

33.SCHEDULE R - DIVIDEND EXCLUSION: Taxpayers may exclude from entire net income 100% of dividends from qualified subsidiaries, if such dividends were included in the taxpayer’s gross income on Schedule A. A qualified subsidiary is defined as ownership by the taxpayer of at least 80 percent of the total combined voting power of all classes of stock entitled to vote and at least 80 percent of the total number of shares of all other classes of stock, except non-voting stock which is limited and preferred as to dividends. With respect to other dividends, the exclusion shall be limited to 50% of such dividends included in the taxpayer’s gross income on Schedule A. Taxpayers shall not include money market fund income as part of the dividend exclusion.

34.SCHEDULE S - DEPRECIATION AND SAFE HARBOR LEASING: All taxpayers except for gas, electric, and gas and electric utilities (who must complete Schedule S, Part III) must complete this schedule and must submit a copy of a completed Federal Depreciation Schedule, Form 4562 even if it is not required for Federal purposes. Schedule S provides for adjustments to depreciation and certain safe harbor leasing transactions.

SCHEDULE S - PART I Line 10 Additions:

(a)Add any depreciation or cost recovery (ACRS and MACRS) which was deducted in arriving at Federal taxable income on recovery property placed in service on or after January 1, 1981 and prior to taxpayers’ accounting periods beginning on and after July 7, 1993.

(b)Add distributive share of ACRS and MACRS from a

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partnership.

(c)Add any interest, amortization or transactional costs, rent, or any other deduction which was claimed in arriving at Federal taxable income as a result of a “safe harbor leasing” election made under Section 168(f)(8) of the Federal Internal Revenue Code; provided, however, any such amount with respect to a qualified mass commuting vehicle pursuant to the Federal Internal Revenue Code Section 168(f)(8)(D)(v) need not be added back to net income.

Line 11 Deductions:

(a)Deduct depreciation on property placed in service after 1980 and prior to taxpayers’ fiscal or calendar accounting periods beginning on and after July 7, 1993 on which ACRS and MACRS has been disallowed under 10(a) of this instruction using any method, life and salvage value which would have been allowable under the Federal Internal Revenue Code at December 31, 1980 but using the Federal basis for depreciation on the date the property was placed in service.

(b)Deduct recomputed depreciation attributable to distributive share of recovery property from a partnership.

(c)Deduct any item of income included in arriving at Federal taxable income solely as a result of a “safe harbor leasing” election made under Section 168(f)(8) of the Federal Internal Revenue Code provided, however, that any such income which relates to a qualified mass commuting vehicle pursuant to Federal Internal Revenue Code Section 168(f)(8)(D)(v) cannot be deducted from net income.

(d)Where the user/lessee of qualified lease property which is precluded from claiming a deduction for rent under 10(c) of this instruction would have been entitled to cost recovery on property which is subject to such “safe harbor lease” election in the absence of that election, it may claim depreciation on the property in accordance with 11(a) of this instruction.

(e)Gain or loss on property sold or exchanged is the amount properly to be recognized in the determination of Federal taxable income. However, on the physical disposal of recovery property, whether on not a gain or loss is properly to be recognized under the Federal Internal Revenue Code, there shall be allowed as a deduction any excess, or there must be restored as an item of income, any deficiency of depreciation disallowed at line 10(a) over related depreciation claimed on that property at line 11(a). A statutory merger or consolidation shall not constitute a disposal of recovery property.

NOTE: Uncoupling is not required for property placed into service during accounting periods beginning on or after July 7, 1993.

SCHEDULE S - PART III

All gas, electric and gas, and electric utilities must complete this schedule in order to compute their New Jersey depreciation allowable for the single asset account which is comprised of all depreciable property placed in service prior to January 1, 1998. The basis of this asset account will be the total Federal depreciable basis as of December 31, 1997 plus the excess of the book depreciable basis over the Federal tax basis as of December 31, 1997. This basis will be reduced yearly by the Federal basis of these assets sold, retired or disposed of from January 1, 1998 to date.

35.SCHEDULE NJ-K-1 - SHAREHOLDER’S SHARE OF INCOME / LOSS: A copy of each shareholder’s Schedule NJ-K-1 must be attached to the CBT-100S. A copy of each NJ-K-1 must be kept as part of the corporation’s records, and a separate copy must be supplied to each individual shareholder on or before the date on

which the CBT-100S is to be filed. The instructions for this schedule can be found on the reverse side of the form.

36.FORM NJ-1040-SC - PAYMENT ON BEHALF OF NON- CONSENTING SHAREHOLDERS: A copy of each NJ-1040-SC filed by the corporation on behalf of any nonconsenting shareholder must be attached to the CBT-100S. A copy must be retained by the corporation as part of its records, and a copy must also be supplied to the shareholder on whose behalf the NJ-1040-SC was filed on or before the due date of the CBT-100S. The instructions for this form can be found on the reverse side of the form.

37.TAX CREDITS: (Refer to instruction 17)

(a)NEW JOBS INVESTMENT TAX CREDIT: This tax credit is available for investment in new or expanded business facilities that create new jobs in New Jersey. The investment must create at least 5 new jobs (50 for large businesses), with a median annual compensation of $30,700 for tax years beginning in 1998 and $31,050 for tax years beginning in 1999. New investment is not eligible for the credit unless the average value of all real and tangible personal property in this State has increased over the prior year.

The facilities must have been purchased from an unrelated party during or after the taxpayer’s accounting period beginning on or after July 7, 1993, the effective date of this legislation. It must be employed by the taxpayer in a taxable activity and must not have been in use during the 90 day period prior to purchase. Investments which qualify for the Manufacturing Equipment and Employment Investment Tax Credit cannot also qualify for this credit.

A new employee means a New Jersey resident, hired to fill a regular, permanent position in this State which did not exist prior to the qualified investment, and would not exist but for the qualified investment. The employee must be unrelated to the taxpayer and must not have been employed by the taxpayer during the six months prior to the date the investment was placed in service or use.

The taxpayer cannot claim a credit for a number of new employees that exceeds either the increase in the taxpayer’s average employment for the tax year, or one-half of the taxpayer’s average employment for the year. Also, individuals counted in determining the New Jobs Factor must not be ones for whom the taxpayer is allowed an Urban Enterprise Zone or Urban Development Project Employees Tax Credit.

A small business taxpayer in 1999 means a taxpayer with an annual payroll of not more than $2,304,150 and annual gross receipts of not more than $6,910,050.

To claim this credit, the taxpayer must complete Form 304 and attach it to the tax return. This form and related information may be obtained from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13.

(b)URBAN ENTERPRISE ZONE TAX CREDITS: A taxpayer which has been designated as a “qualified business” as defined in the New Jersey Urban Enterprise Zones Act, N.J.S.A. 52:27H- 60 et seq., may qualify for either an employee tax credit or an investment tax credit. To be eligible, the taxpayer must have been certified as a qualified business by the Urban Enterprise Zones Authority. Certification is renewable annually. The urban

enterprise zones are located in Asbury Park, Bridgeton, Camden,

Carteret, East Orange, Elizabeth, Guttenberg, Hillside, Irvington, Jersey City, Kearny, Lakewood, Long Branch, Millville, Mount Holly, Newark, North Bergen, Orange, Passaic, Paterson, Pemberton Township, Perth Amboy, Phillipsburg,

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Plainfield, Pleasantville, Trenton, Union City, Vineland and West New York. Further information can be obtained from the New Jersey Urban Enterprise Zones Authority, Department of Commerce and Economic Development, PO Box 829, Trenton, New Jersey 08625-0829, phone (609) 292- 1912.

The forms required to validate the employee tax credit (Form

300)and the investment tax credit (Form 301) are available from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13. Specific information on these tax credits can be obtained from the Tax Services Branch, phone (609) 292-5994.

(1)Employees Tax Credit: This credit is available to a taxpayer who was certified as a qualified business in the preceding tax year as well as the current tax year. Qualifying employees must have been hired after certification and must have worked six consecutive months in the tax year following the tax year in which employment began. To claim the credit, a completed Form 300 must be attached to the tax return.

(2)Investment Tax Credit: A qualified business which is not entitled to an employees tax credit may be entitled to the investment tax credit. This credit is only available to an employer with less than 50 employees. The investment must be at least $5,000 if there are 10 or fewer employees, and increases by $500 for each additional employee. To qualify for the credit, the investment must be approved by the Urban Enterprise Zones Authority. A completed Form 301 must be attached to the tax return to validate the investment tax credit claim.

(c)REDEVELOPMENT AUTHORITY PROJECT TAX CREDIT : Any taxpayer who is actively engaged in the conduct of business at a location within a project as defined in N.J.S.A. 55: 19-1 et seq., and whose business at that location consists primarily of manufacturing or other business that is not retail sales or warehousing oriented, may be entitled to claim the Redevelopment Authority Project Tax Credit. This credit is allowed in the tax year next following the tax year of qualification. To claim the credit, the taxpayer must complete Form 302 and attach it to the return. This form and related information may be obtained from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13. Inquiries regarding the projects should be directed to the New Jersey Redevelopment Authority, PO Box 834, Trenton, New Jersey 08625-0834, phone (609) 292-3732.

(d)RECYCLING EQUIPMENT TAX CREDIT: A taxpayer who purchased qualified recycling equipment on or after October 1, 1987 and who received a certification for this equipment from the Commissioner of the Department of Environmental Protection may be eligible to claim the Recycling Equipment Tax Credit. The recycling equipment must have been used exclusively within New Jersey, except for vehicles which must have been used primarily within New Jersey.

The legislation governing this tax credit expired on December 31, 1996, however, any unused credits claimed prior to January 1, 1997, can be taken on the current tax return subject to the limitations set forth on Form 303.

To claim this credit, the taxpayer must complete Form 303 and attach it to the tax return. This form and related information may be obtained from the Taxpayer Forms

Service which can be contacted by following the instructions on the bottom of page 13.

(e) MANUFACTURING

EQUIPMENT

AND

EMPLOYMENT INVESTMENT TAX

CREDIT:

Investments in qualified manufacturing equipment made in tax years beginning on or after January 1, 1994 may be eligible for the Manufacturing Equipment and Employment Investment Tax Credit. Such investment has the benefit of allowing a tax credit computation for the tax year in which the investment was made as well as each of the following two tax years. The tax credit computation for the first year is based on the cost of the qualified manufacturing equipment placed in service in New Jersey during that tax year. The computations for the two following tax years are based on the average increase in New Jersey residents employed in New Jersey subject to a limitation based on the cost of the investment made in the first year.

The manufacturing equipment portion is limited to 2% of the investment credit base of qualified equipment placed in service in the tax year, up to a maximum allowed credit for the tax year of $1,000,000. The employment investment portion is valid for each of the two tax years next succeeding the tax year for which the manufacturing equipment credit is allowed, but is limited to 3% of the investment credit base, not to exceed a maximum allowable amount for each of the two tax years of $1,000 multiplied by the increase in the average number of qualified employees.

To claim this credit, the taxpayer must complete Form 305 and attach it to the tax return. This form and related information may be obtained from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13.

(f)RESEARCH AND DEVELOPMENT TAX CREDIT: A taxpayer who has performed qualified research activities in New Jersey may be eligible to claim the Research and Development Tax Credit. A credit for increased research activities is allowed based on qualified expenditures made in taxable years beginning on and after January 1, 1994. It provides a credit of 10% of the excess qualified research expenses over a base amount plus 10% of the basic research payments.

Qualified research is limited to scientific experimentation or engineering activities designed to aid in the development of a new or improved product, process, technique, formula, invention, or computer software programs held for sale, lease, or license, or used by the taxpayer in a trade or business. For in-house research expenses (see Section 41(b)(2) of the Internal Revenue Code), this trade or business requirement will be met if the taxpayer’s principal purpose for conducting the research is to use the results of the research in the active conduct of a future trade or business (see Section 41(b)(4) of the Internal Revenue Code).

An S corporation is allowed to claim a credit in connection with increasing research activities to the extent of its New Jersey corporation tax liability. Pass through of this credit to shareholders is not permitted. To claim this credit, the taxpayer must complete Form 306 and attach it to the tax return. This form and related information may be obtained from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13.

(g)SMART MOVES FOR BUSINESS PROGRAMS TAX CREDIT (FORMERLY THE EMPLOYER TRIP

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REDUCTION PLAN - RIDE SHARE TAX CREDIT): A taxpayer who has registered with the New Jersey Department of Transportation and who has an authorized report/plan to provide commuter transportation benefits may claim a tax credit based on the direct expenditures attributed to the plan.

The credit may be taken for expenditures attributed to authorized plans approved after January 1, 1994. Taxpayers subject to more than one tax for which the credit can be applied must prorate the credit amount available based on the amount that each liability has to the total of the liabilities in the reporting period.

The ride share credit is equal to 10% of the cost of commuter transportation benefits provided during the reporting period. The maximum calculation equals the per employee limit multiplied by the number of participating employees. The per employee limit is adjusted annually in proportion to the consumer price index.

To claim this credit, the taxpayer must complete Form 307 and attach it to the tax return. This form and related information may be obtained from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13.

(h)SMALL NEW JERSEY-BASED HIGH-TECHNOLOGY BUSINESS INVESTMENT TAX CREDIT: A taxpayer may claim a tax credit in an amount equal to 10% of the qualified investment made by the taxpayer during the tax year in a small- New Jersey-based high-technology business. The maximum allowable credit for each tax year is $500,000 for each qualified investment made by the taxpayer. The small high-technology business must employ less than 225 employees, of which 75% must have jobs in New Jersey. The small high-technology business must conduct pilot scale manufacturing or qualified research in New Jersey in the fields of advanced computing, advanced materials, biotechnology, electronic device technology, environmental technology, and medical device technology.

To claim this credit, the taxpayer must complete Form 308 and attach it to the tax return., This form and related information may be obtained from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13.

(i)NEIGHBORHOOD AND BUSINESS CHILD CARE TAX CREDIT: A taxpayer that is a member of a small-medium business child care consortium for the three-year demonstration program in accordance with section 4 of P.L. 1999,c.108, may claim a tax credit in an amount equal to 15% of the taxpayer’s expenditures made during the privilege period for child care center physical plant or facilities. The expenditure may be for a child care center owned and operated by the consortium or by a contracted sponsoring organization. This expenditure must be made on or after the designation of the consortium and before the expiration of the demonstration program.

Also, a taxpayer may claim a tax credit in an amount equal to 10% of the taxpayer’s contribution made during the privilege period to a sponsor of a neighborhood-based child care center that was awarded a program grant. To qualify, the contribution must be made on or after the awarding of the grant and before the expiration of the demonstration program.

To claim this credit, the taxpayer must complete Form 309 and attach it to the tax return. This form and related information may be obtained from the Taxpayer Forms Service which can be contacted by following the instructions on the bottom of page 13.

38.INSTALLMENT PAYMENTS: Taxpayers are required to make installment payments of estimated tax. The requirement for making these payments is based on the amount of the total tax liability shown on the most recent return.

(a)If the 1999 Total Tax Liability is $500 or more, the taxpayer must make installment payments towards 2000. These payments are to be made on form CBT-150 and are due on or before the 15th day of the 4th, 6th, 9th and 12th months of the tax year. Details for making these payments can be found in the CBT-150 instruction booklet.

(b)If the 1999 Total Tax Liability is less than $500, installment payments may be made as indicated in (a) above OR in lieu of making installment payments, the taxpayer may make a payment of 50% of the 1999 total tax liability. For taxpayers who qualify and wish to take advantage of this option, enter on line 12, 50% of the amount on line 11. This will become part of the payment to be made with the 1999 return and installment payments will not be required. This payment should be claimed as a credit when filing the 2000 return.

39.PAYMENTS AND CREDITS: Credit for the total amount of the payments and credits listed below should be taken on page 1, line 14:

(a)Include installment tax payments made with the form CBT-150 as well as any payment made on line 14 of the 1998 CBT-100 or line 12 of the 1998 CBT-100S.

(b)Include the payment, if any, that was remitted with the tentative return, form CBT-200-T.

(c)Include any overpayment from the preceding tax return which the taxpayer elected to have credited to the current year’s tax. Do not include any amount of the overpayment which the taxpayer elected to have refunded.

(d)Include any payments remitted electronically through the Electronic Funds Transfer Program.

40.LINE 18 -DELINQUENT FILING AND/OR TAX PAYMENT- COMPUTATION OF PENALTY AND INTEREST:

Late Filing Penalty - 5% per month or fraction thereof of the total tax liability not to exceed 25% of such tax liability. Also, a penalty of $100 for each month the return is delinquent may be imposed. For return periods beginning on or after January 1, 1999, late filing penalty is calculated at 5% per month or fraction thereof of the amount of underpayment not to exceed 25% of that underpayment, except if no return has been filed within 30 days of the date on which the first notice of delinquency in filing the return was sent, the penalty shall accrue at 5% per month or fraction thereof of the total tax liability not to exceed 25% of such tax liability.

Late Payment Penalty - 5% of the balance of Corporation Business Tax and/or Gross Income Tax due paid after the due date for filing the return may be imposed.

Interest - The annual interest rate is 3% above the average predominant prime rate. Interest is imposed each month or fraction thereof on the unpaid balance of Corporation Business Tax and/or Gross Income Tax from the original due date to the date of payment. At the end of each calendar year, any tax, penalties and interest remaining due will become part of the balance on which interest will be charged. The interest rates assessed by the Division of Taxation are published in the quarterly issues of the New Jersey State Tax News. To obtain a copy, refer to the instructions at the bottom of page 13.

NOTE: The average predominant prime rate is the rate as determined by the Board of Governors of the Federal Reserve System, quoted by commercial banks to large businesses on

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December 1st of the calendar year immediately preceding the calendar year in which payment was due or as redetermined by the Director in accordance with N.J.S.A. 54:48-2.

Civil Fraud - If any part of an assessment is due to civil fraud, there shall be added to the tax an amount equal to 50% of the assessment in accordance with N.J.S.A. 54:49-9.1

41.LINE 19 - UNDERPAYMENT OF ESTIMATED TAX: The form CBT-160 must be used by taxpayers to determine whether an underpayment exists in any of the installment payment periods or if the corporation is subject to an interest charge, and if so, the amount of interest. If the taxpayer qualifies for any of the exceptions to the imposition of interest for any of the installment payments, Part II must be completed and should be filed with the taxpayer’s return, form CBT-100S, as evidence of such exception. The CBT-160 must be attached to the return and any interest due entered on Line 19, Page 1 of the form CBT-100S.

42.AMENDED RETURNS: To amend CBT-100S returns, use the CBT-100S form for the appropriate tax year and write “AMENDED RETURN” clearly on the front page of the form. Refer to instruction 1 for the mailing address.

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LIST OF CBT-100S SCHEDULES, FORMS AND INSTRUCTIONS

Page 1

Computation of Tax

Schedule A

Computation of Entire Net Income

Schedule A-1

Net Operating Loss Deduction and Carryover

Schedule A-2

Cost of Goods Sold

Schedule A-3

Summary of Tax Credits

Schedule B

Balance Sheet

Schedule C

Reconciliation of Income Per Books with Income Per Return

Schedule E

General Information

Schedule F

Corporate Officers - General Information and Compensation

Schedule H

Taxes

Schedule J

General Information for Allocating Taxpayers, Average Values,

 

Computation of Allocation Factor

Schedule K

Shareholders’ Shares of Income, Deductions, Etc.

Schedule N *

Nexus - Immune Activity Declaration

Schedule NJ-K-1

Shareholder’s Share of Income/Loss

Schedule O *

Nonoperational Activity

Schedule P

Subsidiary Investment Analysis

Schedule P-1

Partnership Investment Analysis

Schedule Q

Qualified Subchapter S Subsidiaries (QSSS)

Schedule R

Dividend Exclusion

Schedule S

Depreciation and Safe Harbor Leasing

Form NJ-1040-SC

Payment on Behalf of Nonconsenting Shareholders

Form NJ-1080-C *

Gross Income Tax - Nonresident Composite Return

Form 300 *

Urban Enterprise Zone Employees Tax Credit and Credit Carry Forward

Form 301 *

Urban Enterprise Zone Investment Tax Credit and Credit Carry Forward

Form 302 and 302-A *

Redevelopment Authority Project Tax Credit and Credit Carry Forward

Form 303 *

Recycling Equipment Tax Credit

Form 304 and 304-A *

New Jobs Investment Tax Credit

Form 305 and 305-A *

Manufacturing Equipment and Employment Investment Tax Credit

Form 306 and 306-A *

Research and Development Tax Credit

Form 307 and 307-A *

Smart Moves for Business Programs Tax Credit

Form 308 and 308-A *

Small New Jersey-Based High-Technology Business Investment

 

Tax Credit

Form 309 and 309-A *

Neighborhood and Business Child Care Tax Credit

* Must be requested from the Division’s Taxpayer Forms Service.

TAX FORMS AND INFORMATION

Requests for forms should be addressed to the New Jersey Division of Taxation, Taxpayer Forms Service, PO Box 269, Trenton, NJ 08646-0269. To listen to prerecorded information or to order forms and publications, dial 1-800-323-4400 from touch-tone phones within New Jersey, or 609-826-4400 from touch-tone phones anywhere. Requests to receive the New Jersey State Tax News must be made in writing to the New Jersey Division of Taxation, Office of Communication, PO Box 281, Trenton, NJ 08646-0281. If you wish to speak to a Division representative, contact the Division of Taxation’s Call Center at 609-292-6400.

Many State tax forms and publications are available by fax and/or through the World Wide Web. Call NJ TaxFax at 609-826-4500 from your fax machine’s phone, or access the Division’s home page via your computer’s modem at: http://www.state.nj.us/treasury/taxation/

- 13 -

CBT-200-T

State of New Jersey

10-99, R-21

 

 

DIVISION OF TAXATION

TENTATIVE RETURN AND APPLICATION FOR EXTENSION OF TIME TO FILE

The New Jersey Corporation Business Tax Return (Form CBT-100) or

The New Jersey S Corporation Business Tax Return (Form CBT-100S)

For Taxable Years Ending on and After July 31, 1999

(See instructions on reverse side. Type or print the requested information.)

For accounting period beginning ____________________, ___________ and ending ____________________, ___________

Corporation Name

Mailing Address

Federal Employer Identification Number

NJ Corporation Number

City

State

Zip Code

State and Date of Incorporation

APPLICATION IS HEREBY MADE FOR AN AUTOMATIC EXTENSION OF SIX (6) MONTHS FOR FILING THE COMPLETED

RETURN OF THE ABOVE CORPORATION UNDER THE CORPORATION BUSINESS TAX ACT (N.J.S.A. 54:10A-1 et seq.)

Remittance to cover the full amount of the net balance due, as per computation below, must accompany this application.

No extension will be granted in the absence of such remittance.

COMPUTATION OF TENTATIVE TAX

1.Total Tentative Tax for Current Period

IMPORTANT: See Instruction 5 regarding minimum tax requirements. . . . . . . . . . . . . . . . . . . . . . .

2.Installment Payment (See Instruction 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3.Combined Total (Line 1 plus Line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4.Credits:

(a)Installments Paid

(Including payment on prior year’s return, if any)

4(a)

(b) Overpayment Claimed as a Credit

 

4(b)

(From prior period)

Total Credits (Add Lines (a) and (b)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Net Balance Remitted Herewith (Line 3 minus Line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

WARNING: Penalties may be assessed for underestimation of tax. See Instruction 7 on reverse side.

1

2

3

4

5

Remittance should be made payable to “State of New Jersey” and forwarded with this return to:

Division of Taxation - Corporation Tax, Revenue Processing Center, PO Box 666, Trenton, NJ 08646-0666

SIGNATURE AND VERIFICATION

I declare under the penalties of perjury that I have been authorized by the above-named corporation to make this application and that to the best of my knowledge and belief the statements made herein are true and correct.

___________________________________________________________________________________________________________________________

(Date)(Signature of Duly Authorized Officer of Taxpayer)(Title)

___________________________________________________________________________________________________________________________

(Date)(Tax Preparer’s Signature)(Address)(Preparer’s I.D. Number)

___________________________________________________________________________________________________________________________

(Name of Tax Preparer’s Employer)

(Address)

(Employer’s I.D. Number)

CBT-200-T

Page 2

(Rev. 10-99, R-21)

 

INSTRUCTIONS

1.AUTOMATIC EXTENSION - Where a tentative return and tax payment are timely and properly filed, it is the policy of the Division of Taxation to grant an automatic extension of six (6) months for filing the CBT-100 or the CBT-100S. The return must include the computation of the tax liabilities on Lines 1 through 3 and must be submitted with payment of the total amount due reflected at Line 5. The application must be postmarked on or before the original due date of the tax return.

2.MAXIMUM EXTENSION - The extended period may not exceed six (6) months from the original due date of the return. Therefore, there will be no additional extensions beyond this automatic extension.

3.Request for extension of time for filing a return must be signed by an officer of the corporation, an accountant authorized to prepare this return, or any duly authorized agent of the taxpayer. Tax preparers who fail to sign the return and provide their assigned tax identification number shall be liable for a $25 penalty for each such failure. If the tax preparer is not self- employed, the name of the tax preparer’s employer and the employer’s tax identification number should also be provided.

4.Where a request for extension is duly made, it will be granted by the Division. Approved extensions will not be confirmed in writing. If your request for extension is denied, this application will be returned with the reason for the denial stated hereon.

5.MINIMUM TAX: The minimum tax requirement for all periods is $200 for both domestic and foreign Corporations. The minimum tax cannot be prorated. Zero (0) returns are not permitted.

6.INSTALLMENT PAYMENT - Any taxpayer with a tax liability of less than $500 at Line 1, may make a payment of 50 percent of Line 1 in lieu of making the installment payments otherwise required.

7.PENALTIES AND INTEREST

a.Interest - The annual interest rate is 3% above the average predominant prime rate. Interest is imposed each month or fraction thereof on the unpaid balance of tax from the original due date to the date of payment. At the end of each calendar year, any tax, penalties and interest remaining due will become part of the balance on which interest will be charged.

NOTE: The average predominant prime rate is the rate as determined by the Board of Governors of the Federal Reserve System, quoted by commercial banks to large businesses on December 1st of the calendar year immediately preceding the calendar year in which payment was due or as redetermined by the Director in accordance with N.J.S.A. 54:48-2.

b.Insufficiency Penalty - If the amount paid with the Tentative Return, Form CBT-200-T, is less than 90% of the tax liability computed on Form CBT-100 or CBT-100S, or in the case of a taxpayer whose preceding return covered a full 12 month period, is less than the amount of the tax computed at the rates applicable to the current accounting year, the taxpayer may be liable for a penalty of 5% per month or fraction thereof on the amount of underpayment from the original due date to the date of actual payment.

c.Late Filing Penalty - 5% per month or fraction thereof of the total tax liability not to exceed 25% of such tax liability. Also, a penalty of $100 for each month the return is delinquent may be imposed. For return periods beginning on or after January 1, 1999, late filing penalty is calculated at 5% per month or fraction thereof on the amount of underpayment not to exceed 25% of that underpayment, except if no return has been filed within 30 days of the date on which the first notice of delinquency in filing the return was sent, the penalty shall accrue at 5% per month or fraction thereof of the total tax liability not to exceed 25% of such tax liability.

d.Late Payment Penalty - 5% of the balance of tax due after the due date for filing the return may be imposed.

YOUR REQUEST FOR EXTENSION HAS BEEN DENIED BECAUSE OF THE REASON INDICATED BELOW:

The request was not postmarked on or before the original due date of the tax return.

The maximum six (6) months extension has already been granted.

Your request was received without the payment of the tax due. Resubmit Form CBT-200-T with payment of the amount indicated on Line 5. Your completed application must be returned by _______________________________

for consideration.

Your request was received without payment of the tax due.

Your request was received without computation of tax liabilities at Lines 1 through 3 or credits at Line 4.

Your remittance of $__________________________ has been credited to your account.

1999

CBT-100S

NEW JERSEY CORPORATION BUSINESS TAX RETURN

1999-S - Page 1

 

FOR TAXABLE YEARS ENDING JULY 31, 1999 THROUGH JUNE 30, 2000 Taxable year beginning ___________________, 19____, and ending ____________________, _____

Place the label provided below. Make necessary corrections on the label. Otherwise,

Date of N.J. S Corporation election ____________________________________

type or print the requested information. Check if address change appears below. ¨

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FEDERAL EMPLOYER I.D. NUMBER

N.J. CORPORATION NUMBER

State and date of incorporation _______________________________________

 

 

 

 

 

Date authorized to do business in N.J. _________________________________

CORPORATION NAME

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal business activity code________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MAILING ADDRESS

 

 

 

Corporation books are in the care of ___________________________________

 

 

 

 

 

 

 

 

 

 

at _______________________________________________________________

CITY

 

STATE

ZIP CODE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Telephone Number (_________) _________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total gross receipts less returns and allowances $__________________________________

 

 

DIVISION USE

 

 

 

 

 

 

 

 

 

 

 

 

¨ Check if initial return

¨ Check if 1120-S filer

¨ Check if final return

RP

NP

 

A ______________ R ______________

 

 

 

 

 

 

PAGES 1 AND 2 MUST BE COMPLETED ON THIS FORM. ONLY EXACT COPIES MAY BE SUBSTITUTED.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

. . . . .Entire net income (from Schedule A, line 43)

. . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

1.

 

 

 

 

 

 

 

2.

Allocation factor (from Schedule J, Part III, line 5) Non-allocating taxpayers should not make an entry on

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Line 2

. . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

Allocated Net Income - Multiply line 1 by line 2. Non-allocating taxpayers must enter the amount

 

 

 

 

 

 

 

 

 

 

from line 1

. . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

Tax - Multiply line 3 by .02 or, if applicable, by .005. (see instruction 10(a))

. . . . . . . .

4.

 

 

 

 

 

 

 

4a.

Total nonoperational income $__________________________ (Attach Schedule O, Part I) (see instruction 29)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4b.

Tax Due (N.J. Nexus). (Attach Schedule O, Part III)

(Do not enter amount from line 4)

. . . . . . . .

4b

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

Allocated Entire Net Income subject to Federal corporate income taxation (from Schedule A, line 45)

5.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

Tax - Multiply line 5 by .09 or, if applicable, by .075. (see instruction 10(b))

. . . . . . . .

6.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

AMOUNT OF TAX (lines 4 plus 4b plus 6) (see instruction 10(d) for minimum tax)

. . . . . . . . . . .

. . . . . . . .

7.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.

Credit for taxes paid to other jurisdictions (see instruction 26(a))

. . . . . . . .

8.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.

Subtract line 8 from line 7

. . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

9.

 

 

 

 

 

 

 

10.

Tax Credits (from Schedule A-3) (see instruction 17)

. . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

10.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.

TOTAL TAX LIABILITY - line 9 minus line 10

. . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

11.

 

 

 

 

 

 

 

12.

INSTALLMENT PAYMENT (see instruction 38) . . . .

. . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

12.

 

 

 

 

 

 

 

13.

Total of line 11 plus line 12

. . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

13.

 

 

 

 

 

 

 

14.

PAYMENTS & CREDITS (see instruction 39)

. . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

14.

 

 

 

 

 

 

 

15.

Balance of Tax Due - line 13 minus line 14

. . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

15.

 

 

 

 

 

 

 

16.

Prorata Share of S Corporation Income for nonconsenting shareholders (from Schedule K, Part VII, line 6,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Column (C))

. . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . . . .

. . . . . . . .

16.

 

 

 

 

 

 

 

17.

Gross Income Tax paid on behalf of nonconsenting shareholders - Line 16 x .0637

. . . . . . . . . . .

. . . . . . . .

17.

 

 

 

 

 

 

 

18.

Penalty and Interest Due - (see instructions 7(c) and 40)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Penalty ______________________ Interest________________________ . .

. . . . . . . . . . . .

. . . .Total

18.

 

 

 

 

 

 

 

19.

Interest from CBT-160 (see instruction 41) (Attach Form CBT-160)

. . . . . . . .

19.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20.

Annual Report Fee _________________ Registered Agent Change Fee _________________ Total

20.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21.

Total Balance Due - line 15 plus line 17 plus line 18 plus line 19 plus line 20

. . . . . . . .

21.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22.

If line 14 is greater than line 13 plus line 17 plus line 18 plus line 19

 

 

 

 

 

 

DIVISION USE

 

plus line 20 enter the amount of overpayment . . . .

. . . . . . . . . . . . . .

$

 

 

 

 

 

 

 

 

 

 

23.

Amount of Item 22 to be

Credited to 2000 return

 

Refunded

 

 

 

 

 

 

 

 

 

 

 

 

$

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SIGNATURE AND VERIFICATION (See Instruction 12)

I declare under the penalties provided by law, that this return (including any accompanying schedules and statements) has been examined by me and to the best of my knowledge and belief is a true, correct and complete return. If the return is prepared by a person other than the taxpayer, his declaration is based on all the information relating to the matters required to be reported in the return of which he has knowledge.

__________________________________________________________________________________________________________________________________________________

(Date)(Signature of Duly Authorized Officer of Taxpayer)(Title)

__________________________________________________________________________________________________________________________________________________

(Date)(Signature of Individual Preparing Return)(Address)(Preparer’s ID Number)

__________________________________________________________________________________________________________________________________________________

(Name of Tax Preparer’s Employer)

(Address)

(Employer’s ID Number)

SCHEDULE A

COMPUTATION OF ENTIRE NET INCOME

 

1999-S - Page 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

Gross receipts or sales _____________________ Less returns and allowances ____________________ . . . .

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

Cost of goods sold (Schedule A-2, line 8)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

2

 

 

3.

Gross profit - Subtract line 2 from line 1

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

3

 

 

4.

Net gain (loss) from Form 4797 (attach Form 4797) (see instruction 14(b)) . . .

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

4

 

 

5.

Other income (loss) (attach schedule)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

5

 

 

6.

Total Income (loss). Combine lines 3 through 5

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

6

 

 

7.

Compensation of officers . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.

Salaries and wages ______________________ Less jobs credit ____________________

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.

Repairs

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

9

 

 

10.

Bad debts

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

10

 

 

11.

Rents

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

11

 

 

12.

Taxes

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

12

 

 

13.

Interest

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

13

 

 

14a

Depreciation

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

14a

 

 

 

 

 

 

 

 

 

 

 

 

14b

Depreciation claimed on Schedule A-2 and elsewhere on return

. .

14b

 

 

 

 

 

 

 

 

 

 

 

 

14c

Subtract line 14b from line 14a

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

14c

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15.

Depletion (do not deduct oil and gas depletion)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

15

 

 

16.

Advertising

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

16

 

 

17.

Pension, profit-sharing, etc., plans

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

17

 

 

18.

Employee benefit programs .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

18

 

 

19.

Other deductions (attach schedule)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

19

 

 

20.

Total deductions (add lines 7 through 19)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

20

 

 

21.

Ordinary income (loss) from trade or business activities. Subtract line 20 from line 6 (see instruction 14(a)(1)) .

21

 

 

22.

a. Gross income from all rental activities

. .

22a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Expenses related to the above rental activities (attach schedule)

. .

22b

 

 

 

 

 

 

 

 

 

 

c. Net income (loss) from all rental activities. Subtract line 22b from 22a

 

 

 

 

 

 

 

 

 

 

 

 

 

22c

 

 

 

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

 

 

23.

Portfolio income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a. Interest income

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

23a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Dividend income

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

23b

 

 

 

c. Royalty income

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

23c

 

 

 

d. Capital gain net income (attach Schedule D (Form 1120S))

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

23d

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

e. Other portfolio income (loss) (attach schedule)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

23e

 

 

24.

Net gain (loss) under section 1231 (attach Form 4797)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

24

 

 

25.

Other income (loss) (attach schedule)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

25

 

 

26.

Section 179 expense deduction (attach Form 4562) (see instruction 14(c)) . . .

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

26

 

 

27.

Deductions related to portfolio income (loss)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28.

Other deductions (attach schedule)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

28

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

29.

Combine lines 21 through 28

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

. .

.

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

29

 

 

30.

Charitable contributions (limited to 10% of line 29)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

30

 

 

31.

Taxable income before net operating loss and special deductions. Subtract line 30 from line 29.

 

 

 

 

(see instruction 14(a) (2) and (3))

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

31

 

 

32.

Interest on Federal, State, Municipal and other obligations not included above (see instruction 14(d))

32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33.

New Jersey State & other States income taxes deducted above (see instruction 14(e))

33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

34.

Taxes paid by the corporation on behalf of the shareholder (see instruction 14(f))

34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

35.

Depreciation and other adjustments from Schedule S (see instruction 34) . . .

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

36.

a. Deduction for Foreign Taxes paid, withheld or deemed paid (see instruction 14(h))

36a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Other deductions. Explain on separate rider (see instruction 14(h))

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

36b

 

 

 

c. Other additions. Explain on separate rider (see instruction 14(h))

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

36c

 

 

37.

Entire net income before net operating loss deduction and dividend exclusion. Total of lines 31 through 36(c) .

37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

38.

Net operating loss deduction from Schedule A-1 (see instructions 14(i) and 15)

38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39.

Entire Net Income before dividend exclusion (line 37 minus line 38)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40.

Dividend exclusion from Schedule R, Line 5 (see instruction 14(j))

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

41.

ENTIRE NET INCOME (line 39 minus line 40) (see instruction 14(k))

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

41

 

 

42.

Entire Net Income that is subject to Federal corporate income taxation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(see instruction 14(l))

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

 

42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

43.

Entire Net Income that is not subject to Federal corporate income taxation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(line 41 minus line 42. Carry to page 1, line 1)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

44.

Allocation Factor (from Schedule J, Part III, line 5)

 

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

45.

Allocated Entire Net Income that is subject to Federal corporate income taxation

 

 

 

 

(line 42 multiplied by line 44.

Carry to page 1, line 5)

. .

 

. .

.

 

. . .

. . . .

. . .

. . .

. . . .

.

45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1999-S - Page 3

NAME AS SHOWN ON RETURN

FEDERAL ID NUMBER

 

 

SCHEDULE A-1

 

NET OPERATING LOSS DEDUCTION AND CARRYOVER (See Instructions 14(i) and 15)

 

 

 

 

 

 

 

 

 

 

 

 

(1)

 

(2)

(3)

 

(4)

 

 

 

 

 

Loss Reported on Sch. A, line 31

Add N.J. ENI Adj.’s Excluding

 

 

 

 

 

Fiscal Year Ended

(CBT-100S) or Sch. A, line 28 (CBT-100)

the Dividend Exclusion

 

Amount

 

 

 

 

 

 

 

 

 

N.J. NOL’S

1.

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

2.

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

3.

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

4.

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

5.

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

6.

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

7.

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

N.J. NOL’S Used

8.

 

 

 

 

 

 

 

 

9.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

N.J. NOL Carryover

15.

 

Total lines 1 - 14, Column 4

. . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

 

 

 

 

 

 

SCHEDULE A-2

COST OF GOODS SOLD

 

 

 

 

 

 

 

1.

Inventory at beginning of year

1.

 

 

 

 

 

 

 

2.

Purchases

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

2.

 

 

 

 

 

 

 

3.

Cost of labor

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

3.

 

 

 

 

 

4.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Additional section 263A costs

4.

 

 

 

 

 

5.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Other costs (attach schedule)

5.

 

 

 

 

 

6.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total - Add lines 1 through 5

6.

 

 

 

 

 

7.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Inventory at end of year

7.

 

 

 

 

 

8.

. . . . . . . . . . .Cost of goods sold - Subtract line 7 from line 6. Enter here and on Schedule A, line 2

8.

 

 

 

 

 

 

SCHEDULE A-3

SUMMARY OF TAX CREDITS (See Instruction 17)

 

 

1.

New Jobs Investment Tax Credit from Form 304

2.

EITHER:

a)

Urban Enterprise Zone Employee Tax Credit from Form 300

 

OR

b)

Urban Enterprise Zone Investment Tax Credit from Form 301

3.Redevelopment Authority Project Tax Credit from Form 302 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4.Recycling Equipment Tax Credit from Form 303 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5.Manufacturing Equipment and Employment Investment Tax Credit from Form 305 . . . . . . . . . . . . .

6.Research and Development Tax Credit from Form 306 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7.Smart Moves For Business Programs Tax Credit from Form 307 . . . . . . . . . . . . . . . . . . . . . . . . . .

8.Small New Jersey-Based High-Technology Business Investment Tax Credit from Form 308 . . . . . .

9.Neighborhood and Business Child Care Tax Credit from Form 309 . . . . . . . . . . . . . . . . . . . . . . . . .

10.Total tax credits taken on this return - Add lines 1 through 9. Enter here and on page 1, line 10 . .

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

NAME AS SHOWN ON RETURN

1999-S - Page 4

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.

 

 

Assets

 

Beginning of the Tax Year

End of Tax Year

 

 

 

 

 

 

1.

Cash

 

 

 

 

 

 

 

 

2.

Trade notes and accounts receivable (net)

 

 

 

 

 

 

 

3.

Loans to stockholders / affiliates

 

 

 

 

 

 

 

 

4.

Stock of subsidiaries

 

 

 

 

 

 

 

 

 

5.

Corporate stocks

 

 

 

 

 

 

 

 

 

6.

Bonds, mortgages and notes

 

 

 

 

 

 

 

7.

New Jersey State and local government obligations

 

 

 

 

 

 

 

8.

All other government obligations

 

 

 

 

 

 

 

 

9.

Patents and copyrights

 

 

 

 

 

 

 

 

 

10.

Deferred charges

 

 

 

 

 

 

 

 

 

 

11.

Goodwill

 

 

 

 

 

 

 

 

12.

All other intangible personalty (itemize)

 

 

 

 

 

 

13.

Total intangible personal property (total lines 1 to 12)

 

 

 

 

 

 

 

 

14.

Land

 

 

 

 

 

 

 

 

 

15.

Buildings and other improvements

 

 

 

 

 

 

 

 

16.

Machinery and equipment (net)

 

 

 

 

 

 

 

 

 

17.

Inventories

 

 

 

 

 

 

 

 

 

18.

All other tangible personalty (net)

(itemize on rider)

 

 

 

 

 

 

19.

Total real and tangible personal property (total lines 14 to 18)

 

 

 

 

 

 

 

20.

Total assets (add lines 13 and 19)

 

 

 

 

 

 

 

 

Liabilities and Stockholder’s Equity

 

 

 

 

 

 

 

 

21.

Accounts payable

 

 

 

 

 

 

 

 

22.

Mortgages, notes, bonds payable in less than 1 year (attach schedule)

 

 

 

 

 

 

23.

Other current liabilities (attach schedule)

 

 

 

 

 

 

24.

Loans from stockholders / affiliates

 

 

 

 

 

 

25.

Mortgages, notes, bonds payable in 1 year or more (attach schedule)

 

 

 

 

 

 

 

26.

Other liabilities (attach schedule)

 

 

 

 

 

 

 

 

 

27.

Capital stock

 

 

 

 

 

 

 

 

 

28.

Paid-in or capital surplus

 

 

 

 

 

 

 

29.

Retained earnings - appropriated (attach schedule)

 

 

 

 

 

 

30.

Retained earnings - unappropriated

 

 

 

 

 

 

31.

Adjustments to shareholders’ equity (attach schedule)

 

 

 

 

 

 

 

32.

Less cost of treasury stock

 

 

 

 

 

 

 

33.

Total liabilities and stockholder’s equity (total lines 21 to 32)

 

 

 

 

 

 

 

 

SCHEDULE C

RECONCILIATION OF INCOME PER BOOKS WITH INCOME PER RETURN (See Instruction 19)

 

 

 

 

 

 

 

1.

Net income per books

 

 

7.

Income recorded on books this year not

 

 

 

 

included in this return (itemize)

 

 

 

 

 

 

 

2.

Federal income tax

 

 

 

 

 

 

 

(a) Tax-exempt interest $______________

 

 

 

 

 

 

 

3.

Excess of capital losses over capital gains

 

 

(b) _______________________________

 

 

 

 

 

 

 

4.

Income subject to tax not recorded on

 

 

(c) _______________________________

 

 

books this year (itemize)

 

 

 

 

 

 

 

 

 

 

 

__________________________________

 

8.

Deductions in this tax return not charged

 

 

 

 

 

 

 

__________________________________

 

 

against book income this year (itemize)

 

 

 

 

 

(a) Depreciation $ ____________________

 

5.

Expenses recorded on books this year not

 

 

 

 

deducted in this return (itemize)

 

 

(b) Contributions Carryover $____________

 

 

 

 

 

 

 

 

(a) Depreciation $____________________

 

 

___________________________________

 

 

 

 

 

 

 

 

(b) Contributions Carryover $___________

 

 

 

 

 

(c) Other (itemize) $__________________

 

9.

Total of lines 7 and 8

 

 

 

 

 

 

 

6.

Total of lines 1 through 5

 

10.

Income (Item 31, Sch. A) - line 6 less 9

 

 

 

 

 

 

 

 

1999-S - Page 5

SCHEDULE E GENERAL INFORMATION (See Instruction 20)

ALL TAXPAYERS MUST ANSWER THE FOLLOWING QUESTIONS. RIDERS MUST BE PROVIDED WHERE NECESSARY.

1.Type of business __________________________________________________________________________________________________________

Principal products handled __________________________________________________________________________________________________

Internal Revenue Center where corresponding Federal tax return was filed ____________________________________________________________

2.FINAL DETERMINATION OF NET INCOME BY FEDERAL GOVERNMENT (See Instruction 13)

Has a change or correction in the amount of taxable income of the reporting corporation or for any other corporation purchased, merged or consolidated with the reporting corporation, been finally determined by the Internal Revenue Service, and not previously reported to New Jersey?

Yes or No ____________________________. If Yes, an amended return must be filed.

3.This question must be answered by domestic corporations only -

(a)Does the taxpayer hold any personal property, including moneys, negotiable instruments, choses in action, interest, dividends, wages, debts or demands, stocks, bonds, deposits, and the accretions thereon, due or belonging to another where the owner, beneficial owner or person entitled to such property has been unknown, or where the whereabouts of such owner has been unknown, or where such personal property has been unclaimed for a period of fourteen successive years, (five successive years in the case of cash items such as money, wages, cash dividends, etc.) as of the last day of the accounting period covered in this return? Yes or No __________.

(b)If Yes, itemize on a separate rider the nature of the property, value thereof and last known names and addresses of such owners or persons.

4.This question must be answered by corporations with income from sources outside the United States.

(a)Is income from sources outside the United States included in entire net income at Item 41 of Schedule A? Yes or No __________.

(b)If the answer is no, set forth such items of gross income, the source, the deductions and the amount of foreign taxes paid thereon. Enter at Item 36(c), Schedule A the difference between the net of such income and the amount of foreign taxes paid thereon not previously deducted.

SCHEDULE F CORPORATE OFFICERS - GENERAL INFORMATION AND COMPENSATION (See Instruction 21)

(1)

Name and Current Address of Officer

(2)

Social Security Number

(3)

Title

(4)

Dates Employed

in this position

FromTo

(5)

Percent of

Corporation

Stock Owned

(6)

Amount of

Compensation

(a) Total compensation of officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b) Less: Compensation of officers claimed elsewhere on the return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c) Balance of compensation of officers (enter here and on Schedule A, line 7, page 2) . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE H

TAXES (See Instructions 14 (e) and 22) Include all taxes paid or accrued during the accounting period wherever deducted on Schedule A.

 

 

 

 

 

 

 

 

 

 

 

 

(A)

(B)

(C)

(D)

(E)

(F)

 

 

 

Corporation

Corporation

Property

U.C.C or

Other Taxes

Total

 

 

 

Franchise/Business

Business/Occupancy

Taxes

Payroll

(attach schedule)

 

 

 

 

Taxes

Taxes

 

Taxes

 

 

 

 

 

 

 

 

 

 

1.

New Jersey Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

Other States & U.S. Possessions

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

City and Local Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

Federal Taxes

 

 

 

 

 

 

 

5.

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

Combine lines 5(a) and 5(b)

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

Sales & Use Taxes Paid by a Utility

 

 

 

 

 

 

Vendor

 

 

 

 

 

 

 

8.

Add lines 6 and 7 - Carry to Schedule

 

 

 

 

 

 

A, line 33.

 

 

 

 

 

 

 

9.Taxes Paid to Foreign Countries

10.Total Taxes Deducted (Combine line 5(f) and line 9.

1999-S - Page 6

SCHEDULE J Parts I, II, & III

ALL TAXPAYERS WHO MAINTAIN A REGULAR PLACE OF BUSINESS OUTSIDE OF NEW JERSEY REGARDLESS OF THE AMOUNT OF ENTIRE NET INCOME REPORTED ON SCHEDULE A, LINE 41, OF THE CBT-100S SHOULD COMPLETE SCHEDULE J. THIS SCHEDULE SHOULD BE OMITTED IF THE TAXPAYER DOES NOT MAINTAIN A REGULAR PLACE OF BUSINESS OUTSIDE THIS STATE OTHER THAN A STATUTORY OFFICE, IN WHICH CASE THE TAX LAW REQUIRES THE ALLOCATION FACTOR TO BE 100% (1.000000).

PART I ALL ALLOCATING COMPANIES MUST ANSWER THE FOLLOWING QUESTIONS (See Instruction 24)

(a)State the number of regular corporate places of business maintained outside this State (See instruction 24(b)) _______________________________

(b)List address of at least one such regular place of business _________________________________________________________________________

(c)List the States in which the taxpayer maintained a permanent and continuous place of business, indicating type of establishment, such as warehouse, factory, store, office, etc. ___________________________________________________________________________________________________

(d)Give address of every factory, warehouse, store, or other place of business in New Jersey, indicating type of establishment ____________________

_______________________________________________________________________________________________________________________

(e)Number of people employed (average) in New Jersey ____________________________ outside New Jersey _______________________________

(f)Explain in detail internal controls used in distribution of receipts in and out of New Jersey, as shown in Part III, line 2 __________________________

_______________________________________________________________________________________________________________________

(g)State the location of the actual seat of management or control of the corporation ______________________________________________________

PART II AVERAGE VALUES (See Instruction 25)

(a)This schedule showing average values of real and tangible personal property must be completed by every taxpayer entitled to and electing to allocate.

(b)The average values of real and tangible personal property owned are to be computed on the basis of the average book values thereof and not on original cost. Rented or leased property is valued at 8 times the annual rent, including any amounts paid or accrued in addition to or in lieu of rent during the period covered by the return. All other property which is used by the taxpayer but is neither owned, rented or leased, should be valued at book value, however, if no such book value exists, the market value of the property should be used.

(c)The frequency upon which the amounts in Columns A and B below have been averaged is _____________________________ (See instruction 25).

 

AVERAGE VALUES (See instruction 25)

ASSETS

(Omit Cents)

 

DIVISION USE ONLY

 

 

 

 

Column A - New Jersey

Column B

- Everywhere

1.Land

2.Buildings and other Improvements

3.Machinery and Equipment

4.Inventories

5.All other Tangible Personalty Owned (Itemize on Rider)

6.Property rented or leased (8 x Annual Rent)

7.All other Property Used

8.Total Real and Tangible Personal Property

PART III

COMPUTATION OF ALLOCATION FACTOR (See Instruction 26)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

Average value of the taxpayer’s real and tangible personal property:

 

COLUMN A (omit cents)

 

 

COLUMN B

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

In New Jersey (Part II, Column A, line 8)

1(a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

Everywhere (Part II, Column B, line 8)

1(b)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(c)

Percentage in New Jersey (line 1(a) divided by line 1(b)). Enter in Column B.

 

 

 

1(c)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

Receipts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

From sales of tangible personal property shipped to points within New Jersey.

 

 

 

Complete by carrying the fraction to six (6)

 

 

(See instruction 26(c))

2(a)

 

 

decimal places.

Do

not

express

as

a

 

(b)

From services performed in New Jersey

2(b)

 

 

percent. Example:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(c)

From rentals of property situated in New Jersey

2(c)

 

 

123,456

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)

From royalties for the use in New Jersey of patents and copyrights

2(d)

1,000,000

= •

1

2

3

4

 

5

 

 

6

 

(e)

All other business receipts earned in New Jersey. (See instruction 26(d))

2(e)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(f)

Total New Jersey receipts (Total of lines 2(a) to 2(e), inclusive, in Column A)

2(f)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(g)

Total receipts from all sales, services, rentals, royalties and other business

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

transactions everywhere.

2(g)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(h)

Percentage in New Jersey (line 2(f) divided by line 2(g)). Enter in Column B.

 

 

 

2(h)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(i)

Double-weighted receipts factor (Enter 2(h))

 

 

 

2(i)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3. Wages, salaries and other personal service compensation (See instruction 26(f))

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

In New Jersey

3(a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

Everywhere

3(b)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(c)

Percentage of New Jersey (line 3(a) divided by line 3(b)). Enter in Column B.

 

 

 

3(c)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4. Sum of New Jersey percentages shown at lines 1(c), 2(h), 2(i), and 3(c)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enter in Column B.

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.Allocation Factor (line 4 divided by four, or by the number of percentages included on line 4. See instruction 26(g)). Enter in Column B and carry to line 2,

page 1 and line 44, page 2, and Schedule K, Part III, line 3.

5

1999-S - Page 7

SCHEDULE K SHAREHOLDERS’ SHARES OF INCOME, DEDUCTIONS, ETC. (See Instruction 27)

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, line 21

. . . . . . . . . . . . . . . . . . . . . 1.

2.

Add the following amounts from Federal 1120S, 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 section 1231

i ___________________

 

j.

Other income

j ___________________

 

k.

Tax-exempt interest income

k ___________________

 

l.

Other tax-exempt income

l ___________________

 

 

Total of 2(a) through 2(l)

. . . . . . . . . . . . . . . . . . . . . 2.

 

 

 

 

3.

Add line 1 plus line 2

. . . . . . . . . . . . . . . . . . . . . 3.

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 ___________________

Total of 4(a) through 4(d)

. . . . . . . . . . . . . . . . . . . . . 4.

 

 

 

5. Add line 3 plus line 4

. . . . . . . . . . . . . . . . . . . . . 5.

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. IRS Section 179 expenses from Federal Schedule K

c ___________________

 

d. The 50% of meals and entertainment expenses not deductible

 

 

 

for Federal purposes

d ___________________

 

e. Other subtractions

e ___________________

 

Total of 6(a) through 6(e)

. . . . . . . . . . . . . . . . . . . . 6.

 

 

 

 

7.

New Jersey S Corporation Income(Loss) - Subtract line 6 from line 5 .

. . . . . . . . . . . . . . . . . . . . 7.

 

 

 

PART III

ALLOCATION OF S CORPORATION INCOME(LOSS)

1.

New Jersey S Corporation Income(Loss) (Part II, line 7)

. . . . . . . . . . . . . . . . . . . . 1.

 

a. Current period nonoperational activity (Schedule O, Part I, line 34)

. . . . . . . . . . . . . . . . . . . .

1a

2.

Total operational income(loss) (line 1 minus line 1a)

. . . . . . . . . . . . . . . . . . . . 2.

 

 

 

 

3.

Allocation factor (Schedule J, Part III, line 5)

. . . . . . . . . . . . . . . . . . . . 3.

 

 

 

 

4.

Allocated operational income(loss) (line 3 x line 2)

. . . . . . . . . . . . . . . . . . . . 4.

 

 

 

 

5.

Allocated nonoperational income(loss) (Schedule O, Part III, line 31) .

. . . . . . . . . . . . . . . . . . . . 5.

 

 

 

 

6.

Total allocated income(loss) (line 4 plus line 5)

. . . . . . . . . . . . . . . . . . . . 6.

 

 

 

 

7.

New Jersey CBT reported on CBT-100S (Page 1, line 6)

. . . . . . . . . . . . . . . . . . . . 7.

 

 

 

 

8.

New Jersey allocated income(loss) (line 6 minus line 7)

. . . . . . . . . . . . . . . . . . . . 8.

 

 

 

 

9.

Income(loss) not allocated to New Jersey (line 1 minus line 6)

. . . . . . . . . . . . . . . . . . . . 9.

SCHEDULE K - Continued

NAME AS SHOWN ON RETURN

1999-S - Page 8

FEDERAL ID NUMBER

PART IV - A ANALYSIS OF NEW JERSEY ACCUMULATED ADJUSTMENTS ACCOUNT

1.Beginning balance . . . . . . . . . . . . . . . . . . . .

2.Net pro rata share of S corporation income .

3.Other income / loss . . . . . . . . . . . . . . . . . . .

4.Other reductions (attach schedule) . . . . . . . .

5.Total lines 1-4 . . . . . . . . . . . . . . . . . . . . . . .

6.Distributions . . . . . . . . . . . . . . . . . . . . . . . . .

7.Ending balance (line 5 minus line 6) . . . . . . .

(A)

New Jersey AAA

(B)

Non New Jersey AAA

(C)

Total of Columns (A) & (B)

PART IV - B NEW JERSEY EARNINGS AND PROFITS

1. Beginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Additions / Adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Ending balance (line 1 plus line 2 minus line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1.

2.

3.

4.

PART V

SUMMARY OF RESIDENT SHAREHOLDERS’ PRO RATA SHARES

 

 

 

 

 

 

 

 

 

(A)

(B)

(C)

(D)

 

 

Name

Social Security Number

Pro Rata Share

Distributions

 

 

 

 

Income / loss

 

1.

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

 

 

3.

 

 

 

 

 

 

 

 

 

 

 

4.

 

 

 

 

 

 

 

 

 

 

 

5.

 

 

 

 

 

 

 

 

 

 

 

6.

TOTAL

 

 

 

 

 

 

 

 

 

 

PART VI

SUMMARY OF CONSENTING NON-RESIDENT SHAREHOLDERS’ PRO RATA SHARES

 

 

 

 

 

 

 

 

 

 

(A)

 

(B)

Pro Rata Share Income / Loss

 

(E)

 

Name

 

Social Security Number

(C)

(D)

 

Distributions

 

 

 

 

Allocated to NJ

Not Allocated to NJ

 

 

1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

3.

 

 

 

 

 

 

 

4.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

TOTAL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PART VII

SUMMARY OF NONCONSENTING SHAREHOLDERS’ PRO RATA SHARES

 

 

 

 

 

 

 

 

 

 

 

 

 

(A)

 

(B)

Pro Rata Share Income / Loss

 

(E)

(F)

 

 

 

 

 

 

 

Gross Income

 

Name

 

Social Security Number

(C)

(D)

 

 

Distributions

 

 

 

Tax Paid

 

 

 

 

Allocated to NJ

Not Allocated to NJ

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

3.

 

 

 

 

 

 

 

 

 

4.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

TOTAL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1999-S - Page 9

NAME AS SHOWN ON RETURN

FEDERAL ID NUMBER

SCHEDULE P SUBSIDIARY INVESTMENT ANALYSIS (See Instruction 30)

NOTE: Taxpayers must hold at least 80% of the combined voting power of all classes of stock entitled to vote and at least 80% of the total number of shares of all other classes of stock, except non-voting stock which is limited and preferred as to dividends, for each subsidiary. Do not include advances to subsidiaries in book value.

(1)

Name of Subsidiary

(2)

Percentage of Interest

Voting

Non-Voting

 

 

(3)

Book Value

(as reported in Schedule B)

(4)

Dividend Income

(as reported in Schedule A)

Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE P-1 PARTNERSHIP INVESTMENT ANALYSIS (See Instruction 31)

(1)

Name of Partnership LLC, or Other Entity

(2)

Date and

State where

Organized

(3)

Federal ID Number

(4)

Percentage

of

Ownership

(5)

Limited

General

Partner

Partner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6)

Tax Accounting Method

Flow Separate

Through Accounting

(7)

New

Jersey

Nexus

Yes No

SCHEDULE Q

QUALIFIED SUBCHAPTER S SUBSIDIARIES (QSSS) (See Instruction 32)

 

 

 

 

 

 

 

 

 

1. Is this corporation a Qualified Subchapter S Subsidiary?

Yes

 

No

 

 

 

 

If yes, indicate the parent corporation’s name, address, and FID # below. A New Jersey QSSS must complete page 1 and this schedule only.

2. Does this corporation own any Qualified Subchapter S Subsidiaries? . . . . . . . . . . . . . . . . . . . . . . . . . .Yes No

If yes, list all the QSSS’s names, addresses, and FID#’s below. Attach additional rider if necessary. Separately note those subsidiaries that have made a New Jersey QSSS election and whose activities are included in this return.

SCHEDULE RDIVIDEND EXCLUSION (See Instruction 33)

1. Dividend income included in Schedule A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Less: Dividend Income - Schedule P, Column (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Balance (line 1 less line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. 50% of line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. DIVIDEND EXCLUSION: Line 2 plus line 4 (Carry to Schedule A, line 40) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

2

3

4

5

1999-S - Page 10

SCHEDULE S - PART I DEPRECIATION AND SAFE HARBOR LEASING (See Instruction 34)

1. Section 179 Deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. MACRS - for assets placed in service during accounting periods beginning on and after

July 7, 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. MACRS - for assets placed in service during accounting periods beginning prior to July 7, 1993 . . .

4. ACRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Other Depreciation - for assets placed in service after December 31, 1980 . . . . . . . . . . . . . . . . . . . .

6. Other Depreciation - for assets placed in service prior to January 1, 1981 . . . . . . . . . . . . . . . . . . . . .

7. Listed Property - for assets placed in service during accounting periods beginning on and after July 7, 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8. Listed Property - for assets placed in service during accounting periods beginning prior to

July 7, 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9. Total Depreciation claimed in arriving at Taxable Income, Line 31, Schedule A . . . . . . . . . . . . . . . . . .

1

2

3

4

5

6

7

8

9

ATTACH FEDERAL FORM 4562 TO RETURN

Adjustments at Line 35, Schedule A

Depreciation and Certain Safe Harbor Lease Transactions

10.Additions

(a)

ACRS and MACRS from Lines 3, 4, 5 & 8 above

a. _____________________

(b)

Distributive share of ACRS and MACRS from a partnership . . .

b. _____________________

(c)Deductions on Federal return resulting from an election made pursuant to IRC Section 168(f)8 exclusive of elections made with respect to mass commuting vehicles.

Interest

____________________

Rent

____________________

Amortization of Transactional Costs

____________________

Other Deductions

.____________________ c .______________________

Total Line 10 (Lines a, b and c) . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 _____________________

11.Deductions

(a) New Jersey depreciation - (From Part II of this schedule)

a. ______________________

(b)Recomputed depreciation attributable to distributive share of recovery property from a partnership (From Part II of this

schedule)

b. ______________________

(c)Any income included in the return with respect to property

described at Line 10(c) solely as a result of that election . . . . . c. ______________________

(d)The lessee/user should enter the amount of depreciation which would have been allowable under the Internal Revenue Code at December 31, 1980 had there been no safe harbor lease

election (From Part II of this schedule)

d. ______________________

(e) Excess of accumulated ACRS and MACRS over accumulated

 

N.J. depreciation on physical disposal of recovery property

 

(attach computations)

e. ______________________

Total line 11 (Lines a, b, c, d and e)

. . . . . . . . . . . . . . . . . . . . . . . . . 11 _____________________

12. ADJUSTMENT - (line 10 minus line 11) Enter at line 35, Schedule A

. . . . . . . . . . . . . . . . . . . . . . . . 12 _____________________

1999-S - Page 11

NAME AS SHOWN ON RETURN

FEDERAL ID NUMBER

SCHEDULE S - PART II

N.J. Depreciation on Recovery Property Placed in Service On or After January 1, 1981 and Prior to Taxpayers Fiscal or Calendar Accounting Periods Beginning On and After July 7, 1993.

(A)

(B)

(C)

(D)

(E)

(F)

(G)

Description of Property

Month, Day

Use Federal

Depreciation

Method of

 

N.J. Depreciation

and Year placed

basis

allowable in

figuring

Life or rate

Computations

 

 

in service*

 

earlier years

depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*Year placed in service acceptable for personal property only.

DO NOT USE “VARIOUS” IN ANY COLUMN.

Class Life Asset Depreciation Range (CLADR) System Depreciation - Attach Computations Other depreciation (See instructions):

INSTRUCTIONS

Column A - Do not classify as 3, 5, 10 or 15 year property. Classify consistent with Internal Revenue Code at December 31, 1980. Account for distributive share of partnership property and deductions separately. Do not include certain safe harbor lease property.

Column B - Clearly segregate property placed in service during each year. Depreciation on personal property is to be computed using the half-year convention such that one half year depreciation is to be claimed to the exclusion of any other depreciation convention allowable under the Internal Revenue Code at December 31, 1980 for property placed in service during the current year.

Column C - Basis is to be determined at the date property is placed in service and not as provided under the Internal Revenue Code at December 31, 1980. It is not to be restated where ACRS was accepted for certain property placed in service during 1981.

Column D - Depreciation allowable under the method adopted and consistently applied for property described. Do not adjust for

the effect of any ACRS deducted on the New Jersey Corporation Business Tax Return for property placed in service during 1981.

Column E - Any method allowable under the Internal Revenue Code at December 31, 1980.

Column F - Any life or rate permissible under the Internal Revenue Code at December 31, 1980. (LIVES PERMISSIBLE UNDER THE IRS CODE AT DECEMBER 31,1980 FREQUENTLY DIFFER FROM ACRS AND MACRS LIVES)

Column G - Consider any salvage value which was required to be considered under Internal Revenue Code at December 31, 1980. Do not claim depreciation in the year of disposal. Accumulated depreciation may not exceed accumulated ACRS and MACRS deductions over the life of the property and deductions for the final year or years are limited where ACRS was deducted on the New Jersey return for property placed in service during 1981.

1999-S - Page 12

NAME AS SHOWN ON RETURN

FEDERAL ID NUMBER

SCHEDULE S - PART III NEW JERSEY DEPRECIATION FOR GAS, ELECTRIC, AND GAS AND ELECTRIC PUBLIC UTILITIES

1.

Total depreciation claimed in arriving at Schedule A, line 21

1.

2.

Federal depreciation for assets placed in service after 1-1-98

2.

3.

Net (subtract line 2 from line 1)

3.

4.New Jersey depreciation allowable on the Single Asset Account. (Assets placed in service prior to 1-1-98)

(a)Total adjusted Federal depreciable basis

as of 12-31-97 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .a.

(b) Excess book depreciable basis over Federal

tax basis as of 12-31-97 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .b.

(c) Less accumulated Federal basis for all single Asset

Account property sold, retired, or disposed of to date . . . . . . . . .c.

 

(d) Total (line 4a plus 4b less line 4c)

. . . . . . . . . . . . . .d.

 

 

5.

New Jersey depreciation (divide line 4d by 30) . . .

 

 

. 5.

 

. . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . .

 

6.

New Jersey adjustment (subtract line 5 from line 3)

Carry to Schedule A, line 35

. 6.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCHEDULE NJ-K-1

(Form CBT-100S)

(5-99)

State of New Jersey

1999-S - Page 13

Division of Taxation

1999

 

SHAREHOLDER’S SHARE OF INCOME / LOSS

 

For calendar year 1999 or tax year beginning _______________________, 19_____, 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 on 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

PART II

1.

S Income(Loss) allocated to NJ

________________________

2.

S Income(Loss) not allocated to NJ

________________________

3.

Pro rata share of S Corporation Income(Loss) (line 1 plus line 2) .

________________________

4.

Total payments made on behalf of shareholder

________________________

5.

Other Reductions

________________________

6.

Distributions

________________________

7.

NJ AAA beginning balance 1/1/99

________________________

8.

NJ E & P beginning balance 1/1/99

________________________

Individual shareholders should follow instructions contained in their NJ-1040 return packet regarding the amounts reported in this section.

Shareholders must include this schedule with their NJ-1040 or NJ-1040NR return.

PART III

1. Interest paid to shareholder (per 1099-INT)

________________________

2. Indebtedness:

 

a. From corporation to shareholder

________________________

b. From shareholder to corporation

________________________

THIS FORM MAY BE REPRODUCED

1999-S - Page 14

INSTRUCTIONS FOR SCHEDULE NJ-K-1

PART I

Line 1 Shareholder’s percentage of stock ownership as reported on Federal 1120S.

Line 2 Indicate shareholder’s residency status at year’s end.

Line 3 Indicate whether shareholder is a consenting or nonconsenting shareholder. All original shareholders must be consenting. Any shareholder who signed the CBT-2553 is a consenting shareholder.

Line 4 If applicable, indicate if this schedule is a final or amended NJ-K-1.

PART II

Line 1 Enter shareholder’s share of New Jersey allocated S corporation income(loss) from Part III, line 8 of Schedule K.

New Jersey S corporations which claim a credit for taxes paid to other jurisdictions in accordance with N.J.A.C. 18:7-8.3 will report 100% of the shareholder’s net pro rata share as allocated to New Jersey.

Line 2 Enter shareholder’s share of S corporation income(loss) not allocated to New Jersey from Part III, line 9 of Schedule K.

Line 4 Total payments made on behalf of the shareholder as reported in Part VII, Column (F), of Schedule K. This amount must equal the amount of the payment reported on Form NJ-1040-SC, Payment on Behalf of Nonconsenting Shareholders.

Line 5 Enter shareholders share of Other Reductions on shareholder’s New Jersey Accumulated Adjustment Account.

Line 6 Enter distributions shareholder received during the year as reported in Part V, VI or VII, of Schedule K.

Line 7 Enter the shareholder’s NJ AAA 1/1/99 beginning balance.

Line 8 Enter the shareholder’s NJ E & P 1/1/99 beginning balance.

PART III

Line 1 Enter the amount of any interest paid to the shareholder which 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 9 of Schedule K.

Line 2 a. Enter the total amount of indebtedness of the corporation to the shareholder at year’s end.

b. Enter the total amount of indebtedness of the shareholder to the corporation at year’s end.

NOTE: A New Jersey electing S corporation doing business in New Jersey may file a NJ-1080-C composite return on behalf of its qualified nonresident shareholders who elect to be included in the composite filing. Every participating shareholder must make the election to be part of the composite return in writing each year by using Form NJ-1080-E or a form substantially similar.

1999-S - Page 15

FOR OFFICIAL USE ONLY

New Jersey Gross Income Tax

NJ

Payment on Behalf of

1040-SC

Nonconsenting Shareholders

(5-99)

 

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) of the CBT-100S

 

THIS FORM MAY BE REPRODUCED

,

.

FOR OFFICIAL USE ONLY

New Jersey Gross Income Tax

NJ

Payment on Behalf of

1040-SC

Nonconsenting Shareholders

(5-99)

 

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) of the CBT-100S

 

,

.

THIS FORM MAY BE REPRODUCED

FOR OFFICIAL USE ONLY

New Jersey Gross Income Tax

NJ

Payment on Behalf of

1040-SC

Nonconsenting Shareholders

(5-99)

 

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) of the CBT-100S

 

,

.

THIS FORM MAY BE REPRODUCED

INSTRUCTIONS FOR NJ-1040-SC

For the S Corporation:

1999-S - Page 16

1.A separate form must be completed for each nonconsenting shareholder and submitted with the CBT-100S. Attach the completed form(s) to the front of page 1 of the CBT-100S that is filed by the corporation.

2.Payment Due Date;

Payment should be remitted no later than the time for the filing of the CBT-100S for the accounting or privilege period of the S corporation.

3.The payment amount on the NJ-1040-SC should match the amount on the individual shareholder’s NJ-K-1, Part II, line 4.

4.The remittance for the total of all NJ-1040-SC forms is to be included with any corporation business tax due as shown on page 1 of the CBT-100S form.

5.A copy of the completed form must be supplied to each shareholder on whose behalf it was filed on or before the due date of the CBT-100S.

For the Shareholder:

1.Payments made by the S corporation on behalf of the shareholder does not release the shareholder of his responsibility for making estimated payments as required under the New Jersey Gross Income Tax Statutes.

2.A copy of the NJ-1040-SC form must accompany the NJ-1040-NR (nonresident) 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.

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. Attach the completed form(s) to the front of page 1 of the CBT-100S that is filed by the corporation.

2.Payment Due Date;

Payment should be remitted no later than the time for the filing of the CBT-100S for the accounting or privilege period of the S corporation.

3.The payment amount on the NJ-1040-SC should match the amount on the individual shareholder’s NJ-K-1, Part II, line 4.

4.The remittance for the total of all NJ-1040-SC forms is to be included with any corporation business tax due as shown on page 1 of the CBT-100S form.

5.A copy of the completed form must be supplied to each shareholder on whose behalf it was filed on or before the due date of the CBT-100S.

For the Shareholder:

1.Payments made by the S corporation on behalf of the shareholder does not release the shareholder of his responsibility for making estimated payments as required under the New Jersey Gross Income Tax Statutes.

2.A copy of the NJ-1040-SC form must accompany the NJ-1040-NR (nonresident) 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.

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. Attach the completed form(s) to the front of page 1 of the CBT-100S that is filed by the corporation.

2.Payment Due Date;

Payment should be remitted no later than the time for the filing of the CBT-100S for the accounting or privilege period of the S corporation.

3.The payment amount on the NJ-1040-SC should match the amount on the individual shareholder’s NJ-K-1, Part II, line 4.

4.The remittance for the total of all NJ-1040-SC forms is to be included with any corporation business tax due as shown on page 1 of the CBT-100S form.

5.A copy of the completed form must be supplied to each shareholder on whose behalf it was filed on or before the due date of the CBT-100S.

For the Shareholder:

1.Payments made by the S corporation on behalf of the shareholder does not release the shareholder of his responsibility for making estimated payments as required under the New Jersey Gross Income Tax Statutes.

2.A copy of the NJ-1040-SC form must accompany the NJ-1040-NR (nonresident) 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.

CBT-160Underpayment of Estimated N.J. Corporation Business Tax

N.J. Division of Taxation

Attach to your tax return (Form CBT-100 or CBT-100S)

(5-99)

For taxable years ending July 31, 1999 through June 30, 2000

 

CORPORATE NAME

FEDERAL EMPLOYER I.D. NUMBER

N.J. CORPORATION NUMBER

PART I How to Compute Your Underpayment

NOTE: If you meet any of the exceptions that avoid the underpayment charge for ANY quarter, complete PART II.

1.Amount of Tax from Form CBT-100, Line 13, page 1 or Form CBT-100S, Line 11, page 1 . . . . . . . . . . . . . . . . . .

2.90% of Line 1. If you were qualified and elected to make a single payment in lieu of paying installments of estimated tax, you may enter zero. (See Instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3.Enter the amount of tax from Form CBT-100, Line 13, page 1 or Form CBT-100S, Line 11, page 1 from the preceding taxable year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4.Enter the lesser of Lines 2 or 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5.Enter in columns (a) through (d) the installment dates that correspond to the 15th day of the 4th, 6th, 9th, and 12th months of your tax year . . . .

6.Enter 25% of Line 4 in Columns (a) through (d) . . . . . . . . . . . . . . . . . .

7.(a) Amount paid or credited for each period . . . . . . . . . . . . . . . . . . . .

(b)Overpayment of previous installment (enter any overpayment shown on line 9 that is more than the total of all prior underpayments as a credit against the next installment) . . . . . . . . . . . . . . . . . . . . . . . . .

8.Add lines 7(a) and 7(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9.Underpayment (subtract line 8 from line 6) or overpayment (subtract line 6 from line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(a)

(b)

(c)

(d)

PART II Exceptions (See Instructions)

10.Total amount paid or credited from the beginning of the tax year through the installment dates that correspond to the 15th day of the 4th, 6th, 9th, and 12th months of your tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11.Exception 1, tax based on the facts shown on the prior year’s return but using current year’s rates (if prior return was for a period of less than a year, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12.Exception 2, tax based on annualized tax . . . . . . . . . . . . . . . . . . . . . . .

 

 

 

 

25% of tax

50% of tax

75% of tax

100% of tax

 

 

 

 

22.5% of tax

45% of tax

67.5% of tax`

90% of tax

 

 

 

 

 

 

 

 

PART III Installment Interest Due (See Instructions)

13. Amount of underpayment from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . .

14. Enter same installment dates used above at line 5 . . . . . . . . . . . . . . . . .

15. Enter the date of payment or the 15th day of the 4th month after

the close of the tax year, whichever is earlier . . . . . . . . . . . . . . . . . . . .

16. Number of months from the date on line 14 to the date on line 15.

(A part of a month is deemed to be a full month.) . . . . . . . . . . . . . . . . .

17. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18. Installment interest due - Add columns (a), (b), (c), and (d) of line 17.

Enter the total here and on page 1, line 19, of Form CBT-100 or CBT-100S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

THIS FORM MAY BE REPRODUCED

CBT-160 (5-99)

INSTRUCTIONS

Page 2

Purpose of Form

This Form CBT-160 is used by corporations to determine whether they paid enough estimated tax, whether they are subject to an interest charge for underpayment of estimated tax, and if so, the amount of interest.

How to Use This Form

Complete Part I of Form CBT-160 to find out if you have an underpayment for any of the four payment periods. If you have an underpayment on Line 9 (Column a, b, c or d), go to Part II, Exceptions. If you cannot meet either of the exceptions for a payment period, go to Part III, Installment Interest Due. If you are using Form CBT-160 either to compute the interest on underpayment of estimated tax or to show that you qualify for any exception, attach Form CBT-160 to your tax return, Form CBT-100 or CBT-100S.

Part I - How to Compute Your Underpayment

Complete Lines 1 through 9 in Part I. The instructions for most of these lines are on the form itself. Follow the instructions below for Line 7(b) and Line 9.

Line 7(b) - Enter any overpayment shown on Line 9 that is more than the total of all earlier underpayments.

Line 9 - If Line 9 shows an underpayment, complete Part II to see if either of the exceptions apply.

Part II - Exceptions

You will not have to pay interest if all of your tax payments (Part II, Line 10) were made on time and are equal to or more than either of the amounts computed as explained by the exceptions (Lines 11 and 12) for the same payment period (Column a, b, c or d).

Exception I - Tax Based on Prior Year’s Return Using Current Year’s Rates

This exception applies if the amount the corporation paid is equal to or more than the tax computed by using the current year’s rates but based on the facts shown on the prior year’s return and the law that applies to the prior year. If the prior year return covered a period of less than a year, the prior return must be annualized by dividing the taxable net income by the number of whole months covered by the short period return and multiplying by 12.

Exception II - Tax Based on Annualized Tax

This exception applies if the estimated tax paid was equal to or more than 90% of the amount the corporation would owe if its estimated tax was based on a tax computed from annualizing tax for the months preceding an installment date.

A corporation may annualize its tax as follows:

a.For the first 3 months if the installment was required to be paid in the 4th month.

b.For the first 3 months or for the first 5 months if the installment was required to be paid in the 6th month.

c.For the first 6 months or for the first 8 months if the installment was required to be paid in the 9th month.

d.For the first 9 months or for the first 11 months if the installment was required to be paid in the 12th month.

Note: Initial New Jersey S Corporations should use the previous year CBT-100 income and the applicable CBT-100S rate.

a.The rate on entire net income that is not subject to Federal income taxation is 2.0% (.02), except for taxpayers with total entire net income of $100,000 or less, the applicable tax rate is 0.5% (.005).

b.The rate on taxable income that is subject to Federal income taxation is 9%, except for taxpayers with total entire net income of $100,000 or less, the applicable tax rate is 7.50% (.075).

Part III - Installment Interest Due

If no exception applies, complete Lines 13 through 18.

A payment of estimated tax on or before any installment date is considered a payment of any previous underpayment only to the extent the payment is more than the amount of the current installment as figured on Line 6. If the corporation made more than one payment for an installment, attach a separate computation for that installment.

Interest is computed on the amount of the underpayment from the installment due date to the date of payment or the original due date of the final tax return, whichever is earlier. The annual interest rate is 3% above the average predominant prime rate and is imposed each month or fraction thereof the underpayment exists. Changes in the average predominant prime rate must be reflected in the interest calculation. The interest rates assessed by the Division of Taxation are published in the quarterly issues of the New Jersey State Tax News.

The average predominant prime rate is the rate as determined by the Board of Governors of the Federal Reserve System, quoted by commercial banks to large businesses on December 1st of the calendar year immediately preceding the calendar year in which payment was due or as redetermined by the Director in accordance with N.J.S.A. 54:48-2.

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This form will need you to enter specific information; in order to ensure accuracy, remember to bear in mind the guidelines further down:

1. To start off, when completing the Form Cbt 100S, start in the part that contains the subsequent fields:

Stage number 1 of completing Form Cbt 100S

2. Now that the previous array of fields is finished, you have to insert the essential specifics in Tax Multiply line by or if, AMOUNT OF TAX lines plus b plus, Credit for taxes paid to other, Subtract line from line, Tax Credits from Schedule A see, TOTAL TAX LIABILITY line minus, INSTALLMENT PAYMENT see, Total of line plus line, PAYMENTS CREDITS see instruction, Balance of Tax Due line minus, Prorata Share of S Corporation, Column C, Gross Income Tax paid on behalf, Penalty and Interest Due see, and Penalty Interest in order to move forward to the next part.

Step # 2 for submitting Form Cbt 100S

3. Completing Amount of Item to be Credited to, Refunded, I declare under the penalties, SIGNATURE AND VERIFICATION See, Date, Signature of Duly Authorized, Title, Date, Signature of Individual Preparing, Address, Preparers ID Number, Name of Tax Preparers Employer, Address, and Employers ID Number is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Form Cbt 100S completion process outlined (part 3)

4. The next subsection will require your information in the following places: SCHEDULE A, COMPUTATION OF ENTIRE NET INCOME, S Page, Gross receipts or sales Less, Cost of goods sold Schedule A, Gross profit Subtract line from, Net gain loss from Form attach, Other income loss attach schedule, Total Income loss Combine lines, Compensation of officers, Salaries and wages Less jobs, Repairs, Bad debts, Rents, and Taxes. Be sure that you enter all required info to move onward.

Other income loss attach schedule, SCHEDULE A, and Cost of goods sold Schedule A inside Form Cbt 100S

Concerning Other income loss attach schedule and SCHEDULE A, make sure that you double-check them in this current part. These could be the most significant fields in this page.

5. The final stage to complete this document is critical. Ensure you fill in the necessary blank fields, which includes Other deductions attach schedule, Total deductions add lines, Ordinary income loss from trade, a Gross income from all rental, b Expenses related to the above, c Net income loss from all rental, Portfolio income loss, a Interest income, b Dividend income, c Royalty income, d Capital gain net income attach, e Other portfolio income loss, Net gain loss under section, Other income loss attach schedule, and Section expense deduction attach, prior to submitting. If you don't, it can lead to an unfinished and possibly nonvalid document!

Form Cbt 100S writing process shown (stage 5)

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