New Jersey Partnership Application for Extension of Time to File NJ-CBT-1065

Partnership Application for Extension of Time to File  NJ-CBT-1065
2023 CBT-206 Extension of Time to File NJ-CBT-1065
CBT-206	
2023 	

Partnership Application for Extension of Time to File Form NJ-CBT-1065

General Instructions

Purpose of Form CBT-206

Use the CBT-206 to apply for a five-month extension of time to file an NJ-CBT-1065 that has tax due.

Qualifying for the Extension

To be eligible for an extension, you must have paid by the original due date of your return, either through a tiered partnership
payment, estimated payments, or a payment made with this form, at least 90% of the tax reported on the NJ-CBT-1065 when
filed. If the 90% requirement is not met, or you do not file the NJ-CBT-1065 by the extended due date, the extension will be
denied. Penalty and interest charges will be imposed from the original due date of the return.
Requests to extend the time limit to file an NJ-CBT-1065 that has tax due must use a CBT-206. Filing the CBT-206 does not
satisfy a partnership’s obligation to file the NJ-CBT-1065, nor does it extend the time for payment of tax due on the return.
You will be notified by the Division of Taxation only if your extension is denied, but not until after your NJ-CBT-1065 is actually filed.

When to File CBT-206

The CBT-206 must be postmarked on or before the original due date of the NJ-CBT-1065.

How to File CBT-206

Electronic Filing Mandate – Partnerships subject to the provisions of the Corporation Business Tax Act (that is partnerships
that remit tax based on any nonresident corporate and nonresident noncorporate partner’s allocable share of NJ partnership
income) that use the services of a paid preparer must file all their returns completed by that practitioner by electronic means.
Payments of the partnership liabilities along with the submission of payment-related returns (NJ-CBT-V and CBT-206) must
also be made electronically either by the partnership or by a paid tax practitioner. In addition, partnerships with 10 or more
partners must file all returns electronically regardless of whether or not they use a paid tax preparer.
CBT-206 extension requests, along with payment, can be filed online until 11:59 p.m. on or before the original due date of
the return (April 15 for calendar year filers) at nj.gov/taxation.
Pay by Check or Money Order – Detach and return the CBT-206 with your payment. Make your check or money order payable to “State of New Jersey – CBT.” Write your federal employer identification number (federal EIN) and the tax year on the
check. Do not staple or otherwise attach your payment to the CBT-206. Mail both to the address listed on the application for
extension.

Worksheet for Form CBT-206 – Use the CBT-206 worksheet to assist when calculating your tax liability.

Cut Along Dotted Line

Partnership Application for Extension of Time to File NJ-CBT-1065

CBT-206	 2023

For period beginning

, 2023 and ending

, 20

Federal Employer ID Number (required)

Return this voucher with payment to:

-

Extension of Time to File NJ-CBT-1065
PO Box 642
Trenton, NJ 08646-0642

Partnership Name

Mailing Address

City, Town, Post Office

State

ZIP Code

Make checks payable to “State of New Jersey – CBT.”
Write federal ID number and tax year on the check.

Enter amount of payment here:

$

,

0238900000000000000002312080000000000

,

.

0 0

Specific Instructions
Completing Your Form

Use black or blue ink (and never use red ink) when making entries on this form.
Partnerships must enter the federal EIN of the partnership. Failure to provide an identification number may invalidate this extension. If the partnership does not have a federal EIN but has applied for one, enter “Applied for.”

Penalties and Interest

Late Filing Penalty – Partnerships may be subject to a penalty of $100 per month (or part of a month) that the return is late.
A penalty of 5% per month (or part of a month), up to a maximum of 25% of the balance of tax due with the return, may also
be imposed.
Late Payment Penalty – 5% of the outstanding tax balance may be imposed.
Interest – 3% above the prime rate for every month or part of a month the tax is unpaid, compounded annually. At the end of
each calendar year, any tax, penalties, and interest remaining due (unpaid) will become part of the balance on which interest
is charged.

Filing Your NJ-CBT-1065

You can file your NJ-CBT-1065 any time before the extension expires. Do not attach the CBT-206 to your NJ-CBT-1065.
Filing the CBT-206 does not satisfy your obligation to file the NJ-CBT-1065. The tax due on the NJ-CBT-1065 must be
paid on or before the original due date of your return. If filing a calendar year return, that date is April 15.

Questions?

To speak directly to a Division of Taxation representative for tax information and assistance, contact our Customer Service
Center at (609) 292-6400.