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New Jersey S Corporation Business Tax Return
Extracted from PDF file 2023-new-jersey-form-cbt-100s.pdf, last modified October 2023S Corporation Business Tax Return
CAUTION These forms are for reference only. DO NOT mail to the Division of Taxation. Form CBT-100S and all related forms and schedules must be filed electronically. See our website for more information. DO NOT MAIL THIS FORM New Jersey Corporation Business Tax Return 2023 CBT-100S 2023 – CBT-100S – Page 1 For Tax Years Ending On or After July 31, 2023 Through June 30, 2024 Tax year beginning _________, ____, and ending __________, ____ The surtax enacted under P.L. 2018, c.48 does not apply to New Jersey S corporations. Federal Employer I.D. Number N.J. Corporation Number Date of federal S Corporation election State and date of incorporation Corporation name Date authorized to do business in New Jersey Mailing Address Federal business activity code Corporation books are in the care of City State ZIP Code at Phone Number ( Check applicable return type: Enter Amended code: Initial Amended ) Check if applicable (see instructions): If code 10, enter reason: Professional Corporation Qualified Subchapter S Subsidiary Claiming P.L. 86-272 Parent ID#: (See instructions) SIGNATURE AND VERIFICATION (See instructions) CERTIFICATION OF INACTIVITY 1. Taxable net income subject to federal corporate income taxation from Schedule A, Part II, line 5 (if a net loss, enter zero)................................................................................................................................... 2. a. Amount of Tax – Multiply line 1 by the applicable tax rate (see instructions)......................................... b. Enter the total minimum tax (see instructions) 3. Tax Credits (from Schedule A-3, Part I, line 30) (see instructions)............................................................ 4. Tax Liability – Subtract line 3 from the greater of line 2a or line 2b.............................................................. 5. Installment Payment (only applies if line 4 is $1,500 or less – see instructions)....................................... 6. Professional Corporation Fees (Schedule PC, Part II, line 7)................................................................... 7. Total Tax and Professional Corporation Fees (add lines 4, 5, and 6)........................................................ 8. a. Payments and Credits (see instructions)............................................................................................... b. Payments made by Partnerships on behalf of taxpayer (include copies of all NJK-1s)........................ c. Refundable Tax Credits (from Schedule A-3, Part II, line 6) (see instructions)...................................... d. Total Payments and Credits – Add lines 8a, 8b, and 8c........................................................................ 9. Balance of Tax Due – If line 8d is less than line 7, subtract line 8d from line 7......................................... 10. Pro Rata Share of S Corp Income for nonconsenting shareholders (from Schedule K, Part VII, line 6, column C or Schedule K Liquidated, Part VII, line 6 columns C plus E)................................................... 11. a. Gross Income Tax paid on behalf of nonconsenting shareholders (see instructions) ........................... b. Pass-Through Business Alternative Income Tax Credit from Form 329 (see instructions) (Amount entered cannot be more than amount on line 11a) ................................................................................ c. Balance of tax paid on behalf of nonconsenting shareholders – Subtract line 11b from line 11a.......... 12. Penalty and Interest Due (see instructions).............................................................................................. 13. Total Balance Due – Add lines 9, 11c, and 12........................................................................................... 14. Amount Overpaid – If line 8d is greater than the sum of lines 7, 11c, and 12, subtract lines 7, 11c, and 12 from line 8d........................................................................................................................................... 15. Amount of line 14 to be Refunded............................................................................................................. 16. Amount of line 14 to be Credited to 2024 Tax Return................................................................................ Unitary ID Number 17. Amount of line 14 to be Credited to a Combined Group and tax year to which it is to be applied 2023 or 2024.................................. NU 1. 2a. 2b. 3. 4. 5. 6. 7. 8a. 8b. 8c. 8d. 9. XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX 10. 11a. XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX 11b. 11c. 12. 13. XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX 14. 15. XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX 16. XXXXXXXXXXXXXXXXXXXXX 17. XXXXXXXXXXXXXXXXXXXXX If the corporation is inactive, page 1, the Annual General Questionnaire, and Schedules A (parts I and II), A-2, A-3, and A-4 must be completed. A corporate officer must sign and certify below: By checking the box to the left, I certify that the corporation did not conduct any business, did not have any income, receipts, or expenses, and did not own any assets during the entire period covered by the tax return. (Date) (Signature of Corporate Officer) (Title) Under penalties of perjury, I declare that I have examined this return, including accompanying schedules, forms, and statements, and to the best of my knowledge and belief, it is true, correct, and complete. I understand that pursuant to N.J.S.A. 54:10A-14(a), I must include copies of the federal return(s), forms, and schedules with my New Jersey return. If prepared by a person other than the taxpayer, this declaration is based on all information of which the preparer has any knowledge. By checking the box, I certify that pursuant to N.J.S.A. 54:10A-14(a) and N.J.A.C. 18:7-11.17A, copies of the federal return(s), forms, and schedules are included, in both xml and pdf formats, with this New Jersey return. Otherwise, the return will be incomplete. (Date) (Date) (Signature of Duly Authorized Officer of Taxpayer) (Signature of Individual Preparing Return) (Name of Tax Preparer’s Employer) (Title) (Address) (Preparer’s ID Number) (Address) (Employer’s ID Number) 2023 – CBT-100S – Page 2 NAME AS SHOWN ON RETURN FEDERAL ID NUMBER Annual General Questionnaire (See instructions) All taxpayers must answer the following questions. Riders must be provided where necessary. 1. Type of business Principal products handled 2. State the location of the actual seat of management or control of the corporation 3. Did one or more other corporations own beneficially, or control, a majority of the stock of taxpayer corporation or did the same interests own beneficially, or control, a majority of the stock of taxpayer corporation and of one or more other corporations? Yes No If yes, provide a rider indicating the name and FEIN of the controlled corporation, the name and FEIN of the controlling/parent corporation, and the percentage of stock owned or controlled. 4. These questions must be answered by corporations with a controlling interest in certain commercial property. a. During the period covered by the return, did the taxpayer acquire or dispose of directly or indirectly a controlling interest in certain commercial property? Yes – Answer question 4b below. No b. Was the CITT-1, Controlling Interest Transfer Tax, filed with the Division of Taxation? Yes. Provide a rider indicating the information and include a copy of the CITT-1. No. Provide a rider indicating the name and FEIN of the transferee, the name and FEIN of the transferor, and the assessed value of the property. 5. Does this corporation own any Qualified Subchapter S Subsidiaries (QSSS)? Yes No If yes, enter the name, address, and FEIN of the subsidiary, whether the subsidiary is a New Jersey QSSS, and whether the activities of the subsidiary are included in this return. If more space is needed provide a rider. 6. If the taxpayer is a unitary subsidiary of a combined group filing a New Jersey combined return from which the taxpayer is excluded, did the taxpayer distribute dividends or deemed dividends in the current tax year? Yes No If yes, provide a rider indicating the name and FEIN of the entity to which the dividends were paid (deemed), the amount of dividends, and unitary ID number of the combined group. 7. Is the taxpayer an intangible holding company or is the taxpayer’s income, directly or indirectly, from intangible property or related service activities that are deductible against the income of members of a combined group? Yes No If yes, provide a rider indicating the names and ID numbers of the combined group or the related members and detail the taxpayer’s income that is deductible against their income. 8. Is income from sources outside the United States included in taxable net income on Schedule A? Yes No NA If yes, provide a rider indicating such items of gross income, the source, the deductions, and the amount of foreign taxes paid. Enter on Schedule A, Part I, line 38b, the difference between the net of such income and the amount of foreign taxes paid not previously deducted (include a rider). 9. Does the taxpayer have related parties or affiliates that file combined returns in New Jersey? Yes No 10. Is the taxpayer part of a group that files a New Jersey combined return but is excluded from the combined return? Yes No If yes, name of the managerial member of the combined group: 11. Has the taxpayer or the preparer completing this return on the taxpayer’s behalf taken any uncertain tax positions when filing this return or their federal tax return? For more information see Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740-10, formerly FASB Interpretation No. 48 (FIN 48). Yes – Include a rider detailing the information. No 12. Does the taxpayer own or lease real or tangible property in New Jersey? Yes No 13. Does the taxpayer have payroll in New Jersey? Yes No 2023 – CBT-100S – Page 3 NAME AS SHOWN ON RETURN Schedule A FEDERAL ID NUMBER All taxpayers must complete this schedule Computation of New Jersey Taxable Net Income (see instructions) Part I – Computation of Entire Net Income 1. a. Gross receipts or sales...................................................................................................... 1a. b. Less: Returns and allowances........................................................................................... 1b. XXXXXXXXXXXXXXXXXXXXXXXXXXX c. Total – Subtract line 1b from line 1a................................................................................... 1c. XXXXXXXXXXXXXXXXXXXXXXXXXXX 2. Less: Cost of goods sold (from Schedule A-2, line 8)............................................................. 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX 3. Gross profit – Subtract line 2 from line 1c............................................................................... 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX 4. Net gain (loss) from Form 4797 (include Form 4797) (see instructions)................................. 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX 5. Other income (loss) (include schedule)................................................................................... 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX 6. Total Income (loss). Add lines 3 through 5.............................................................................. 6. XXXXXXXXXXXXXXXXXXXXXXXXXXX 7. Compensation of officers (from Schedule F)............................................................................ 7. XXXXXXXXXXXXXXXXXXXXXXXXXXX 8. Salaries and wages (less employment credits)........................................................................ 8. XXXXXXXXXXXXXXXXXXXXXXXXXXX 9. Repairs..................................................................................................................................... 9. XXXXXXXXXXXXXXXXXXXXXXXXXXX 10. Bad debts................................................................................................................................. 10. XXXXXXXXXXXXXXXXXXXXXXXXXXX 11. Rents ....................................................................................................................................... 11. XXXXXXXXXXXXXXXXXXXXXXXXXXX 12. Taxes........................................................................................................................................ 12. XXXXXXXXXXXXXXXXXXXXXXXXXXX 13. Interest..................................................................................................................................... 13. XXXXXXXXXXXXXXXXXXXXXXXXXXX Subtract line 14b from line 14a................................................................................................. 14c. XXXXXXXXXXXXXXXXXXXXXXXXXXX 15. Depletion (do not deduct oil and gas depletion)....................................................................... 15. XXXXXXXXXXXXXXXXXXXXXXXXXXX 16. Advertising................................................................................................................................ 16. XXXXXXXXXXXXXXXXXXXXXXXXXXX 17. Pension, profit-sharing, etc., plans........................................................................................... 17. XXXXXXXXXXXXXXXXXXXXXXXXXXX 18. Employee benefit programs..................................................................................................... 18. XXXXXXXXXXXXXXXXXXXXXXXXXXX 19. Other deductions (include schedule)........................................................................................ 19. XXXXXXXXXXXXXXXXXXXXXXXXXXX 20. Total deductions (add lines 7 through 19)................................................................................ 20. XXXXXXXXXXXXXXXXXXXXXXXXXXX 21. Ordinary income (loss) from trade or business activities. Subtract line 20 from line 6 (see instructions).............................................................................................................................. 21. XXXXXXXXXXXXXXXXXXXXXXXXXXX 22c. XXXXXXXXXXXXXXXXXXXXXXXXXXX a. Interest income..................................................................................................................... 23a. XXXXXXXXXXXXXXXXXXXXXXXXXXX b. Dividend income................................................................................................................... 23b. XXXXXXXXXXXXXXXXXXXXXXXXXXX c. Royalty income..................................................................................................................... 23c. XXXXXXXXXXXXXXXXXXXXXXXXXXX d. Capital gain net income (include Schedule D (Form 1120-S))............................................. 23d. XXXXXXXXXXXXXXXXXXXXXXXXXXX e. Other portfolio income (loss) (include schedule).................................................................. XXXXXXXXXXXXXXXXXXXXXXXXXXX Net gain (loss) under section 1231 (include federal Form 4797)............................................. 23e. 24. Other income (loss) (include schedule).................................................................................... 25. 26. Section 179 expense deduction (include federal Form 4562) (see instructions)...................... 25. XXXXXXXXXXXXXXXXXXXXXXXXXXX 26. XXXXXXXXXXXXXXXXXXXXXXXXXXX 27. Deductions related to portfolio income (loss)........................................................................... 27. XXXXXXXXXXXXXXXXXXXXXXXXXXX 28. Other deductions (include schedule)........................................................................................ 28. XXXXXXXXXXXXXXXXXXXXXXXXXXX 29. Add lines 21 through 28........................................................................................................... 29. XXXXXXXXXXXXXXXXXXXXXXXXXXX 30. Charitable contributions (limited to 10% of line 29).................................................................. 30. XXXXXXXXXXXXXXXXXXXXXXXXXXX 31. Taxable income before net operating loss and special deductions. Subtract line 30 from line 29. (see instructions)......................................................................................................... 31. XXXXXXXXXXXXXXXXXXXXXXXXXXX 14a. Depreciation.................................................................................... 14a. XXXXXXXXXX 14b. Depreciation claimed on Schedule A-2 and elsewhere on return....... 14b. XXXXXXXXXX 14c. 22. a. Gross income from all rental activities............................................. 22a. XXXXXXXXXX b. Expenses related to the above rental activities (include schedule). 22b. XXXXXXXXXX c. Net income (loss) from all rental activities. Subtract line 22b from 22a................................ 23. 24. XXXXXXXXXXXXXXXXXXXXXXXXXXX Portfolio income (loss): XXXXXXXXXXXXXXXXXXXXXXXXXXX 2023 – CBT-100S – Page 4 NAME AS SHOWN ON RETURN Schedule A FEDERAL ID NUMBER Computation of New Jersey Taxable Net Income (see instructions) 32. Taxable income before net operating loss and special deductions from page 3, line 31........ 32. XXXXXXXXXXXXXXXXXXXXXXXXXXX 33. Interest on federal, state, municipal, and other obligations not included above (see instructions)............................................................................................................................. 33. XXXXXXXXXXXXXXXXXXXXXXXXXXX 34. New Jersey State and other states’ income taxes deducted above (see instructions)............ 34. XXXXXXXXXXXXXXXXXXXXXXXXXXX 35. Taxes paid by the corporation on behalf of the shareholder (see instructions)....................... 35. XXXXXXXXXXXXXXXXXXXXXXXXXXX 36. a. Depreciation modification being added to income (from Schedule S)................................. 36a. XXXXXXXXXXXXXXXXXXXXXXXXXXX b. Depreciation modification being subtracted from income (from Schedule S)...................... 36b. XXXXXXXXXXXXXXXXXXXXXXXXXXX 37. Dividend Exclusion (from Schedule R, line 9)........................................................................ 37. XXXXXXXXXXXXXXXXXXXXXXXXXXX 38. a. Deduction for IRC Section 78 Gross-up not deducted at line 43 below.............................. 38a. XXXXXXXXXXXXXXXXXXXXXXXXXXX b. Other deductions and additions. Explain on separate rider (see instructions).................... 38b. XXXXXXXXXXXXXXXXXXXXXXXXXXX c. Add back any other federally exempt income not reported elsewhere on Schedule A (see instructions)................................................................................................................. 38c. XXXXXXXXXXXXXXXXXXXXXXXXXXX 39. Entire net income/(loss) for New Jersey purposes (net lines 32 through 38c).......................... 39. XXXXXXXXXXXXXXXXXXXXXXXXXXX 40. Allocation factor from Schedule J (if all receipts were derived from only New Jersey sources, enter 1.000000)........................................................................................................ 40. XXXXXXXXXXXXXXXXXXXXXXXXXXX 41. Allocated Entire Net Income/(loss) before net operating loss deductions – Multiply line 39 by line 40 (if zero or less, enter zero on line 43) ............................................................................ 41. XXXXXXXXXXXXXXXXXXXXXXXXXXX 42. Deduction for Current Converted Net Operation Losses (from Form 500S) (Amount entered cannot be more than amount on line 41.)...................................................................... 42. XXXXXXXXXXXXXXXXXXXXXXXXXXX 43. Allocated Entire Net Income – Subtract line 42 from line 41.................................................. 43. XXXXXXXXXXXXXXXXXXXXXXXXXXX 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX PART II (See instructions) 1. Entire net income that is subject to federal corporate income taxation (see instructions)...... 2. Allocation factor from Schedule J (if all receipts were derived from only New Jersey sources, enter 1.000000)....................................................................................................... 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX 3. Allocated Entire Net Income before net operating loss deductions - multiply line 1 by line 2. 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX 4. Deduction for Available Converted Net Operation Losses (from Form 500S) (Amount entered cannot be more than amount on line 3.)................................................................... 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX 5. Taxable Net Income subject to federal corporate income taxation (carry to page 1, line 1, ONLY if amount is more than zero) – Subtract line 4 from line 3........................................... 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX Schedule A-2 Cost of Goods Sold (See instructions) All data must match amounts reported on federal Form 1125-A of the federal pro forma or federal return, whichever is applicable. 1. Inventory at beginning of year................................................................................................. 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX 2. Purchases............................................................................................................................... 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX 3. Cost of labor............................................................................................................................ 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX 4. Additional section 263A costs.................................................................................................. 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX 5. Other costs (include schedule)................................................................................................ 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX 6. Total – Add lines 1 through 5................................................................................................... 6. XXXXXXXXXXXXXXXXXXXXXXXXXXX 7. Inventory at end of year........................................................................................................... 7. XXXXXXXXXXXXXXXXXXXXXXXXXXX 8. Cost of goods sold – Subtract line 7 from line 6. Enter here and on Schedule A, Part I, line 2. 8. XXXXXXXXXXXXXXXXXXXXXXXXXXX 2023 – CBT-100S – Page 5 NAME AS SHOWN ON RETURN Schedule A-3 FEDERAL ID NUMBER SUMMARY OF TAX CREDITS (See instructions) PART I – Tax Credits Used Against Liability 1. New Jobs Investment Tax Credit from Form 304.................................................................... 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX 2. Angel Investor Tax Credit from Form 321................................................................................ 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX 3. Business Employment Incentive Program Tax Credit from Form 324..................................... 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX 4. Pass-Through Business Alternative Income Tax Credit from Form 329................................... 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX 5. Urban Enterprise Zone Investment Tax Credit from Form 301................................................ 5. 6. XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXX 6. Redevelopment Authority Project Tax Credit from Form 302.................................................. 7. Manufacturing Equipment and Employment Investment Tax Credit from Form 305............... 7. XXXXXXXXXXXXXXXXXXXXXXXXXXX 8. Research and Development Tax Credit from Form 306.......................................................... 8. XXXXXXXXXXXXXXXXXXXXXXXXXXX 9. Neighborhood Revitalization State Tax Credit from Form 311................................................. 9. XXXXXXXXXXXXXXXXXXXXXXXXXXX 10. Effluent Equipment Tax Credit from Form 312........................................................................ 10. XXXXXXXXXXXXXXXXXXXXXXXXXXX 11. Economic Recovery Tax Credit from Form 313....................................................................... 11. XXXXXXXXXXXXXXXXXXXXXXXXXXX 12. AMA Tax Credit from Form 315............................................................................................... 12. XXXXXXXXXXXXXXXXXXXXXXXXXXX 13. Business Retention and Relocation Tax Credit from Form 316............................................... 13. XXXXXXXXXXXXXXXXXXXXXXXXXXX 14. Sheltered Workshop Tax Credit from Form 317...................................................................... 14. XXXXXXXXXXXXXXXXXXXXXXXXXXX 15. Reserved for future use........................................................................................................... 15. XXXXXXXXXXXXXXXXXXXXXXXXXXX 16. Urban Transit Hub Tax Credit from Form 319.......................................................................... 16. XXXXXXXXXXXXXXXXXXXXXXXXXXX 17. Grow NJ Tax Credit from Form 320......................................................................................... 17. XXXXXXXXXXXXXXXXXXXXXXXXXXX 18. Wind Energy Facility Tax Credit from Form 322...................................................................... 18. XXXXXXXXXXXXXXXXXXXXXXXXXXX 19. Residential Economic Redevelopment and Growth Tax Credit from Form 323...................... 19. XXXXXXXXXXXXXXXXXXXXXXXXXXX 20. Public Infrastructure Tax Credit from Form 325....................................................................... 20. XXXXXXXXXXXXXXXXXXXXXXXXXXX 21. Drug Donation Program Tax Credit from Form 326................................................................. 21. XXXXXXXXXXXXXXXXXXXXXXXXXXX 22. Film and Digital Media Tax Credit from Form 327................................................................... 22. XXXXXXXXXXXXXXXXXXXXXXXXXXX 23. Tax Credit for Employers of Employees With Impairments from Form 328............................. 23. XXXXXXXXXXXXXXXXXXXXXXXXXXX 24. Apprenticeship Program Tax Credit from Form 330................................................................ 24. XXXXXXXXXXXXXXXXXXXXXXXXXXX 25. Tax Credit for Employer of Organ/Bone Marrow Donor from Form 331.................................. 25. XXXXXXXXXXXXXXXXXXXXXXXXXXX 26. Tiered Subsidiary Dividend Pyramid Tax Credit from Form 332.............................................. 26. XXXXXXXXXXXXXXXXXXXXXXXXXXX 27. Innovation Evergreen Fund Tax Credit from Form 334........................................................... 27. XXXXXXXXXXXXXXXXXXXXXXXXXXX 28. Unit Concrete Products Tax Credit from Form 335.................................................................. 28. XXXXXXXXXXXXXXXXXXXXXXXXXXX 29. Other Tax Credit (see instructions).......................................................................................... 29. XXXXXXXXXXXXXXXXXXXXXXXXXXX 30. Total tax credits – Add lines 1 through 29. Enter here and on page 1, line 3......................... 30. XXXXXXXXXXXXXXXXXXXXXXXXXXX 1. Refundable portion of New Jobs Investment Tax Credit from Form 304................................. 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX PART II – Refundable Tax Credits 2. Refundable portion of Angel Investor Tax Credit from Form 321............................................. 2. XXXXXXXXXXXXXXXXXXXXXXXXXXX 3. Refundable portion of Business Employment Incentive Program Tax Credit from Form 324..... 3. XXXXXXXXXXXXXXXXXXXXXXXXXXX 4. Refundable portion of Pass-Through Business Alternative Income Tax Credit from Form 329 4. XXXXXXXXXXXXXXXXXXXXXXXXXXX 5. Other Tax Credit to be refunded.............................................................................................. 5. XXXXXXXXXXXXXXXXXXXXXXXXXXX 6. Total amount of tax credits to be refunded. Enter here and on page 1, line 8c....................... 6. XXXXXXXXXXXXXXXXXXXXXXXXXXX All corporations must complete this schedule and submit it with their CBT-100S tax return Schedule A-4 Summary Schedule (See instructions) Schedule O Information Dividend Exclusion Information 1. Total New Jersey receipts from Schedule J, line 6.................................. 1. XXXXXXXXXXXXXX 5. Dividends from 80% or more owned subsidiaries from Schedule R, line 4..... 5. XXXXXXXXXXXXXX 2. Total receipts from all sales, services, rentals, royalties, and other business transactions everywhere from Schedule J, line 7............................................ 2. XXXXXXXXXXXXXX 6. Dividends from 50% to below 80% subsidiaries from Schedule R, line 6..... 6. XXXXXXXXXXXXXX 3. Allocation Factor from Schedule J, line 8..................................................... 3. XXXXXXXXXXXXXX 7. 5% Claw-back from Schedule R, line 8 7. XXXXXXXXXXXXXX 4. XXXXXXXXXXXXXX 8. Dividend Exclusion from Schedule R, line 9..................................................... 8. XXXXXXXXXXXXXX Net Operational Income Information 4. New Jersey’s Taxable Portion from Schedule O, Part III, line 31.................. 2023 – CBT-100S – Page 6 NAME AS SHOWN ON RETURN Schedule B FEDERAL ID NUMBER Balance sheet as of , Figures appearing below must be the same as year-end figures shown on the taxpayer’s books. If not, explain and reconcile on rider. Consolidated information is not permitted on single returns. See instructions. Where applicable, data must match amounts reported on Schedule L of the federal pro forma or federal return, whichever is applicable. Assets Beginning of Tax Year End of Tax Year 1. Cash..................................................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 2. Trade notes and accounts receivable................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX a. Reserve for bad debts...................................................................... (XXXXXXXXXXXXXXXXXXXXXX) (XXXXXXXXXXXXXXXXXXXXXX) 3. Loans to stockholders/affiliates............................................................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 4. Stock of subsidiaries............................................................................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 5. Corporate stocks.................................................................................. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 6. Bonds, mortgages, and notes.............................................................. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 7. New Jersey state and local government obligations............................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 8. All other government obligations.......................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 9. Patents and copyrights......................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 10. Deferred charges.................................................................................. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 11. Goodwill................................................................................................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 12. All other intangible personal property (itemize)...................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 13. Total intangible personal property (total lines 1 to 12).......................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 14. Land ..................................................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 15. Buildings and other improvements....................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX a. Less accumulated depreciation ....................................................... (XXXXXXXXXXXXXXXXXXXXXX) (XXXXXXXXXXXXXXXXXXXXXX) Machinery and equipment.................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 16. a. Less accumulated depreciation........................................................ (XXXXXXXXXXXXXXXXXXXXXX) (XXXXXXXXXXXXXXXXXXXXXX) 17. Inventories............................................................................................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 18. All other tangible personalty (net) (itemize on rider)............................. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 19. Total real and tangible personal property (total lines 14 to 18)............. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 20. Total assets (add lines 13 and 19)........................................................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX Liabilities and Stockholder’s Equity 21. Accounts payable................................................................................. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 22. Mortgages, notes, bonds payable in less than 1 year (incl. schedule)... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 23. Other current liabilities (include schedule)........................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 24. Loans from stockholders/affiliates........................................................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 25. Mortgages, notes, bonds payable in 1 year or more (include schedule) XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 26. Other liabilities (include schedule)........................................................ XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 27. Capital stock: (a) Preferred stock..................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX (b) Common stock..................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 28. Paid-in or capital surplus...................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 29. Retained earnings – appropriated (include schedule).......................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 30. Retained earnings – unappropriated.................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 31. Adjustments to shareholders’ equity (include schedule)...................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 32. Less cost of treasury stock................................................................... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 33. Total liabilities and stockholder’s equity (total lines 21 to 32)............... XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX 2023 – CBT-100S – Page 7 NAME AS SHOWN ON RETURN Schedule F FEDERAL ID NUMBER Corporate Officers – General Information and Compensation (See instr.) Data must match amounts reported on federal Form 1125-E of the federal pro forma or federal return, whichever is applicable. (1) (2) (3) Name and Current Address of Officer Social Security Number Title XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX (4) (5) Dates Employed Percentage of Corporain this position tion Stock Owned (6) Amount of Compensation From To Common Preferred XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX XXXXXXXXXXXXXXXXXX a. Total compensation of officers....................................................................................................................................... XXXXXXXXXXXXXXXXXX b. Less: Compensation of officers claimed elsewhere on the return................................................................................. XXXXXXXXXXXXXXXXXX c. Balance of compensation of officers (include here and on Schedule A, Part I, line 7).................................................. XXXXXXXXXXXXXXXXXX Schedule H Taxes (See instructions) Include all taxes paid or accrued during the accounting period wherever deducted on Schedule A. (A) Corporation Franchise Business Taxes* (B) Corporation Business/ Occupancy Taxes* (C) (D) (E) (F) Property Taxes U.C.C. or Payroll Taxes Other Taxes/ Licenses (include schedule) Total 1. New Jersey Taxes XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX 2. Other States & U.S. Possessions XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX 3. City and Local Taxes XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX 4. Taxes Paid to Foreign Countries XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX 5. Total XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX 6. Combine lines 5(a) and 5(b) XXXXXXXXXXX 7. Sales & Use Taxes Paid by a Utility Vendor XXXXXXXXXXX 8. Add lines 6 and 7 XXXXXXXXXXX 9. Federal Taxes 10. Total (Combine line 5 and line 9) XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX * Include on line 4 taxes paid or accrued to any foreign country, state, province, territory, or subdivision thereof. Schedule J Computation of Allocation Factor (See instructions) All taxpayers, regardless of entire net income reported on Schedule A, Part I, line 39, Form CBT-100S, must complete Schedule J. Services are sourced based on market sourcing. Receipts: 1. 2. 3. 4. 5. 6. 7. 8. From sales of tangible personal property shipped to points within New Jersey........................................... From services if the benefit of the service is received in New Jersey......................................................... From rentals of property situated in New Jersey..................................................................................... From royalties for the use in New Jersey of patents, copyrights, and trademarks........................................ All other business receipts earned in New Jersey................................................................................... Total New Jersey receipts (Total of lines 1 through 5, inclusive)................................................................ Total receipts from all sales, services, rentals, royalties, and other business transactions everywhere............ Allocation Factor (Percentage in New Jersey) (Divide line 6 by line 7). Carry the fraction 6 decimal places. Do not express as a percent. Include here and on Schedule A, Part I, line 40, and Schedule A, Part II, line 2........ 1. 2. 3. 4. 5. 6. 7. 8. AMOUNTS (omit cents) XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX 2023 – CBT-100S – Page 8 NAME AS SHOWN ON RETURN Schedule K FEDERAL ID NUMBER Shareholders’ Shares of Income, Deductions, etc. (See instructions) Part I 1. Total number of shareholders.................................... 2. Total number of nonresident shareholders................. 3. a. Total number of nonconsenting shareholders....... b. Percentage of stock owned.................................. Part II 1. 2. 3. 4. 5. 6. 7. 8. 2. 3. 4. 5. 6. 7. 8. 9. New Jersey S Corporation Income (Loss) Amount from Schedule A, Part I, line 21............................................................................... Add the following amounts from federal 1120-S, Schedule K a. Net income (loss) from rental real estate activities........ a. b. Net income (loss) from other rental activities ............... b. c. Interest income.............................................................. c. d. Dividend income............................................................ d. e. Royalty income.............................................................. e. f. Net short-term capital gain (loss).................................... f. g. Net long-term capital gain (loss).................................... g. h. Other portfolio income (loss)......................................... h. i. Net gain (loss) under sections 1231 and/or 179............. i. j. Other income.................................................................. j. k. Tax-exempt interest income........................................... k. l. Other tax-exempt income............................................... l. Total of 2a through 2l............................................................................................................. Add line 1 plus line 2............................................................................................................. Additions: a. Interest income on state and municipal bonds other than New Jersey................................................... a. b. New Jersey State and other states’ income taxes deducted in arriving at line 3 including taxes paid on behalf of the shareholder.......................................... b. c. All expenses included in line 3 to generate tax-exempt income........................................................ c. d. Losses included in line 3 from U.S. Treasury and other obligations pursuant to N.J.S.A. 54A:6-14 and 6-14.1.... d. e. Other additions.............................................................. e. Total of 4a through 4e............................................................................................................ Add line 3 plus line 4............................................................................................................. Subtractions: a. U.S. Treasury and other interest income included in line 3 from investments exempt under N.J.S.A. 54A:6-14 and 6-14.1........................................ a. b. Gains included in line 3 from U.S. Treasury and other obligations pursuant to N.J.S.A. 54A:6-14 and 6-14.1.... b. c. IRC Section 179 expense from federal Schedule K........ c. d. Federal 50% of business meal expenses and 100% of entertainment expenses.................................. d. e. Charitable contributions from federal Schedule K......... e. f. Other subtractions.......................................................... f. Total of 6a through 6f............................................................................................................. New Jersey depreciation adjustment from Gross Income Tax Depreciation Adjustment Worksheet GIT-DEP.............................................................................................................. New Jersey S Corporation Income (Loss) – Line 5 minus line 6 plus or minus line 7........... 1. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 2. 3. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 4. 5. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 6. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 7. 8. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX New Jersey S Corporation Income (Loss) (Part II, line 8)..................................................... a. Current period nonoperational activity (Schedule O, Part I, line 34)................................. b. Nonunitary partnership income/loss (from Schedule P-1, Part II, line 4).................................... Total operational income (loss) (line 1 minus lines 1a and 1b).............................................. Allocation factor (Schedule J, line 8)..................................................................................... Allocated operational income (loss) (line 3 x line 2).............................................................. 1. 1a. 1b. 2. 3. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 4. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Nonoperational income (loss) (Schedule O, Part III, line 31)................................................ a. Nonunitary partnership income (from Schedule P-1, Part II, line 5)........................................... Total allocated income (loss) (line 4 plus lines 5 and 5a)...................................................... New Jersey CBT reported on CBT-100S (Page 1, line 4)..................................................... New Jersey allocated income (loss) (line 6 minus line 7)...................................................... Income (loss) not allocated to New Jersey (line 1 minus line 6)........................................... 5. 5a. 6. 7. 8. 9. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Part III 1. % Allocation of S Corporation Income (Loss) 2023 – CBT-100S – Page 9 NAME AS SHOWN ON RETURN FEDERAL ID NUMBER Part IV – A – Analysis of New Jersey Accumulated Adjustments Account (A) New Jersey AAA (B) Non New Jersey AAA (C) Total of Columns (A) & (B) 1. Beginning balance...................................................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 2. Net pro rata share of S corporation income................ XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 3. Other income/loss....................................................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 4. Other reductions (include schedule)........................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 5. Total lines 1-4.............................................................. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 6. Distributions................................................................ XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 7. Ending balance (line 5 minus line 6)........................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX Part IV – B – New Jersey Earnings and Profits 1. 2. 3. 4. Beginning balance................................................................................................................. Additions/Adjustments........................................................................................................... Dividends paid....................................................................................................................... Ending balance (line 1 plus line 2 minus line 3).................................................................... Part V 1. 2. 3. 4. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Summary of Resident Shareholders’ Pro Rata Shares (E) (A) Name (B) Social Security Number (C) Pro Rata Share Income/Loss (D) Distributions Share of Pass-Through Business Alternative Income Tax 1. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 2. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 3. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 4. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 5. XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 6. Total...................................................................................... Part VI Summary of Consenting Nonresident Shareholders’ Pro Rata Shares Pro Rata Share Income/Loss (B) Social Security Number (C) Allocated to NJ (D) Not Allocated to NJ (E) Distributions Share of Pass-Through Business Alternative Income Tax 1. XXXXXXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 2. XXXXXXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 3. XXXXXXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 4. XXXXXXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 5. XXXXXXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 6. Total.................................................................... XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX (A) Name Part VII (F) Summary of Nonconsenting Shareholders’ Pro Rata Shares Pro Rata Share Income/Loss (A) Name (B) Social Security Number (C) Allocated to NJ (D) Not Allocated to NJ 1. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX 2. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX 3. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXX 4. XXXXXXXXXXXXXXXXX 5. XXXXXXXXXXXXXXXXX (G) (E) Distributions (F) Gross Income Tax Paid Share of Pass-Through Business Alternative Income Tax XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX 6. Total.................................................................... XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX 2023 – CBT-100S – Page 10 NAME AS SHOWN ON RETURN Schedule K Liquidated FEDERAL ID NUMBER S Corporation Shareholders’ Shares of Income, Deductions, etc. (See instructions) Part I 1. Total number of shareholders.......................................... 2. 3. 4. 5. Total number of nonresident shareholders....................... a. Total number of nonconsenting shareholders............. b. Percentage of stock owned........................................ Enter date the assets were fully disposed....................... Enter date the shareholders’ stock was fully disposed.... Part II / / / / % NJ S Corporation Income (Loss) Worksheet Upon Complete Liquidation Column A S Corp Income Prior to Disposition of Assets 1. Amount from Schedule A, Part I, line 21............................................................................... 2. Add the following amounts from federal 1120-S, Schedule K a. Net income (loss) from rental real estate activities.......................................................... b. Net income (loss) from other rental activities .................................................................. c. Interest income................................................................................................................ d. Dividend income.............................................................................................................. e. Royalty income................................................................................................................ f. Net short-term capital gain (loss)..................................................................................... g. Net long-term capital gain (loss)...................................................................................... h. Other portfolio income (loss)............................................................................................ i. Net gain (loss) under sections 1231 and/or 179.............................................................. j. Other income................................................................................................................... k. Tax-exempt interest income............................................................................................. l. Other tax-exempt income................................................................................................. 3. Add line 1 plus lines 2a through 2l........................................................................................ 4.Additions: a. Interest income on state and municipal bonds other than New Jersey............................ b. New Jersey State and other states’ income taxes deducted in arriving at line 3 including taxes paid on behalf of the shareholder............................................................ c. All expenses included in line 3 to generate tax-exempt income...................................... 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............................................................................................. e. Other additions................................................................................................................. 5. Add line 3 plus lines 4a through 4e....................................................................................... 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................................................................................ 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........................................................................................... c. IRC Section 179 expense from federal Schedule K............................................................ d. Federal 50% of business meal expenses and 100% of entertainment expenses............ e. Charitable contributions from federal Schedule K............................................................ f. Other subtractions............................................................................................................ Total of 6a through 6f............................................................................................................. 7. New Jersey depreciation adjustment from Gross Income Tax Depreciation Adjustment Worksheet GIT-DEP.............................................................................................................. 8. Total Income (Loss) – Line 5 minus line 6 plus or minus line 7............................................. Part III 1. 2. 3. 4. 5. 6. 7. 8. 9. Allocation of Income (Loss) Income from Line 8, Part II column A and column B ............................................................ a. Current period nonoperational activity (Schedule O, Part I, line 34)................................. b. Nonunitary partnership income/loss (from Schedule P-1, Part II, line 4).................................... Total operational income (loss) (line 1 minus lines 1a and 1b).............................................. Allocation factor (Schedule J, line 8)..................................................................................... Allocated operational income (loss) (line 3 x line 2).............................................................. Nonoperational income (loss) (Schedule O, Part III, line 31)................................................ a. Nonunitary partnership income (from Schedule P-1, Part II, line 5)........................................... Total allocated income (loss) (line 4 plus lines 5 and 5a)...................................................... New Jersey CBT reported on CBT-100S (Page 1, line 4)..................................................... New Jersey allocated income (loss) (line 6 minus line 7)...................................................... Income (loss) not allocated to New Jersey (line 1 minus line 6)........................................... Column B Income, Gains/Losses from Disposition of Assets in Complete Liquidation 1. XXXXXXXXXXXXXX 2a. 2b. 2c. 2d. 2e. 2f. 2g. 2h. 2i. 2j. 2k. 2l. 3. XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX 4a. XXXXXXXXXXXXXX 4b. 4c. XXXXXXXXXXXXXX XXXXXXXXXXXXXX 4d. 4e. 5. XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX 6a. XXXXXXXXXXXXXX 6b. 6c. 6d. 6e. 6f. 6. XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX 7. 8. XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX 1. 1a. 1b. 2. 3. 4. 5. 5a. 6. 7. 8. 9. XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX 2023 – CBT-100S – Page 11 NAME AS SHOWN ON RETURN Schedule K Liquidated FEDERAL ID NUMBER S Corporation Shareholders’ Shares of Income, Deductions, etc. (See instructions) Part IV – A – Analysis of New Jersey Accumulated Adjustments Account (A) New Jersey AAA (B) Non New Jersey AAA (C) Total of Columns (A) & (B) 1. Beginning balance...................................................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 2. Net pro rata share of S corporation income................ XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 3. Other income/loss....................................................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 4. Other reductions (include schedule)........................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 5. Total lines 1-4.............................................................. XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 6. Distributions................................................................ XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX 7. Ending balance (line 5 minus line 6)........................... XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX Part IV – B – New Jersey Earnings and Profits 1. Beginning balance................................................................................................................. 1. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 2. Additions/Adjustments........................................................................................................... 2. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 3. Dividends paid....................................................................................................................... 3. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 4. Ending balance (line 1 plus line 2 minus line 3).................................................................... 4. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX 4. XXXXXXXXXXXXXXXXXXXXXXXXX 5. XXXXXXXXXXXXXXXXXXXXXXXXX 6. Total............................................................................................... XXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX 3. XXXXXXXXXXXXXXXXXXXXXXX 4. XXXXXXXXXXXXXXXXXXXXXXX 5. XXXXXXXXXXXXXXXXXXXXXXX 6. Total......................................................................................... XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (D) Not Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (E) Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX 2. XXXXXXXXXXXXXXXXXXXX 3. XXXXXXXXXXXXXXXXXXXX 4. XXXXXXXXXXXXXXXXXXXX 5. XXXXXXXXXXXXXXXXXXXX 6. Total................................................................................. XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXXXXXXX 1. XXXXXXXXXXXXXXXXXXXX (C) Allocated to NJ (B) Social Security Number XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (D) Not Allocated to NJ Pro Rata Share Income/Loss XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (E) Allocated to NJ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (F) Not Allocated to NJ XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX (I) Share of Pass-Through Business Alternative Income Tax XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX (H) Share of Pass-Through Business Alternative Income Tax XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXX (F) Share of Pass-Through Business Alternative Income Tax (H) Gross Income Tax Paid XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXXXXXXX (G) Distributions XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (G) Distributions XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX (F) Not Allocated to NJ Gain/Loss of Disposition of Assets Summary of Nonconsenting Nonresident Shareholders’ Pro Rata Shares XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX (A) Name Part VII XXXXXXXXXX XXXXXXXXXXXXXX 2. XXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXX XXXXXXXXXXXXXX 1. XXXXXXXXXXXXXXXXXXXXXXX (C) Allocated to NJ (B) Social Security Number Pro Rata Share Income/Loss (E) Distributions XXXXXXXXXXXXXXXX Gain/Loss of Disposition of Assets XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXX (D) Gain/Loss of Disposition of Assets Summary of Consenting Nonresident Shareholders’ Pro Rata Shares XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX (A) Name Part VI XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX 3. XXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX (C) Pro Rata Share Income/Loss 2. XXXXXXXXXXXXXXXXXXXXXXXXX (B) Social Security Number XXXXXXXXXXXXXXXX (A) Name Summary of Resident Shareholders’ Pro Rata Shares S CORPORATIONS SHAREHOLDERS’ SHARES OF INCOME, DEDUCTIONS, ETC. (See instructions) 1. XXXXXXXXXXXXXXXXXXXXXXXXX Part V Schedule K Liquidated NAME AS SHOWN ON RETURN FEDERAL ID NUMBER 2023 – CBT-100S – Page 12 2023 – CBT-100S – Page 13 NAME AS SHOWN ON RETURN FEDERAL ID NUMBER Schedule PC Per Capita Licensed Professional Fee (See instructions) 1. Is the corporation a Professional Corporation (PC) formed pursuant to N.J.S.A. 14A:17-1 et seq. or any similar law from a possession or territory of the United States, a state, or political subdivision thereof? Yes. This schedule must be included with the return. No. 2. How many licensed professionals are owners, shareholders, and/or employees from this Professional Corporation (PC) as of the first day of the privilege period? 2 or less, complete Part I. More than 2, complete Part I and Part II (if additional space is needed, include a rider). Part I – Provide the following information for each of the licensed professionals in the PC. Include a rider if additional space is needed. Name Address FID/SSN 1. XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX 2. XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX 3. XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX 4. XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX 5. XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXX Part II – Complete only if there are more than 2 licensed professionals listed above. 1. Enter number of resident and nonresident professionals with physical nexus with New Jersey x $150 .............................................................................................. 1. XXXXXXXXXXXXXXXXXXXXXXXXXXX 2. Enter number of nonresident professionals without physical nexus with New Jersey x $150 x allocation factor of the PC.................................................. 2. XXXXXXXXXXXXXXXXXXXXXXXXXX 3. Total Fee Due – Add line 1 and line 2.......................................................................................... 3. XXXXXXXXXXXXXXXXXXXXXXXXXX 4. Installment Payment – 50% of line 3...........................................................................................
2023 Form CBT-100S
More about the New Jersey Form CBT-100S Corporate Income Tax Tax Return TY 2023
We last updated the S Corporation Business Tax Return in January 2024, so this is the latest version of Form CBT-100S, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CBT-100S directly from TaxFormFinder. You can print other New Jersey tax forms here.
Related New Jersey Corporate Income Tax Forms:
TaxFormFinder has an additional 95 New Jersey income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New Jersey Form CBT-100S.
| Form Code | Form Name |
|---|---|
| Form CBT-100S-V | Corporation Business Tax Payment Voucher |
View all 96 New Jersey Income Tax Forms
Form Sources:
New Jersey usually releases forms for the current tax year between January and April. We last updated New Jersey Form CBT-100S from the Division of Revenue in January 2024.
Form CBT-100S is a New Jersey Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of New Jersey Form CBT-100S
We have a total of thirteen past-year versions of Form CBT-100S in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form CBT-100S
2023 Form CBT-100S
2022 Form CBT-100S
2022 Form CBT-100S
2021 Form CBT-100S
2021 Form CBT-100S
2020 Form CBT-100S
2020 Form CBT-100S
2019 Form CBT-100S
CBT-100S Form 2018 -S Corporation Business Tax Return
2018 Form CBT-100S
CBT-100S Form 2018 -S Corporation Business Tax Return
2017 Form CBT-100S
CBT-100S Form 2017 -S Corporation Business Tax Return
2016 Form CBT-100S
CBT-100S Form 2016 -S Corporation Business Tax Return
2015 Form CBT-100S
CBT-100S Form 2014 -S Corporation Business Tax Return
2014 Form CBT-100S
CBT-100S Form 2014 -S Corporation Business Tax Return
2013 Form CBT-100S
CBT-100S Form 2013 -S Corporation Business Tax Return
2012 Form CBT-100S
CBT-100-S
2011 Form CBT-100S
CBT-100-S
TaxFormFinder Disclaimer:
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