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New Jersey Free Printable  for 2024 New Jersey Retroactive S Election Application

Form CBT-2553-R is obsolete, and is no longer supported by the New Jersey Department of Revenue.

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Retroactive S Election Application
Form CBT-2553-R

S Corporation Status Corporations may elect to register in New Jersey as a Sub-Chapter S corporation. Since the S corporation status for federal purposes does not automatically flow through for New Jersey state purposes, you must apply for S corporation status in this state and receive approval of the election. Without this filing and approval, your filings in New Jersey will be considered as those of a standard C corporation with all the rates that apply to that designation. The steps to apply for S Corp status in New Jersey are as follows:  Apply for S corporation status with the Internal Revenue Service  Be fully registered with the NJ Division of Revenue and Enterprise Services, and have a Certificate of Incorporation or a Certificate of Authority to do business in this State.  File a New Jersey S Corporation Election using the online SCORP application. For the election to be in effect for the current tax year, the New Jersey S Corporation Election must be filed within 3 ½ months from the beginning of the fiscal year. For example, filing of the election for a fiscal period beginning July 1 must be done by October 15. Every shareholder of the corporation must consent to this election. Out-of-state corporations must be authorized to do business in New Jersey. Once an election is made and accepted, a corporation may remain a New Jersey S corporation as long as it is a Federal S corporation. To revoke an election, a letter of revocation must be filed with the NJ Division of Revenue and Enterprise Services, using the online SCORP application, signed by all shareholders holding more than 50% of the outstanding shares of stock on the day of the revocation and filed with a copy of the original election form. The filing deadline for a letter of revocation is on or before the last day of the first tax year of the election.  S-Corp Frequently Asked Questions
Extracted from PDF file 2019-new-jersey-form-cbt-2553-r.pdf, last modified December 2020

More about the New Jersey Form CBT-2553-R Corporate Income Tax

We last updated the Retroactive S Election Application in April 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the New Jersey Division of Revenue. 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-2553-R.

Form Code Form Name
Form CBT-2553 (Obsolete) S Corporation Election

Download all NJ tax forms 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-2553-R from the Division of Revenue in April 2021.

Show Sources >

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-2553-R

We have a total of ten past-year versions of Form CBT-2553-R in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form CBT-2553-R

CBT-2553 - R New Jersey Retroactive S Election Application

2017 Form CBT-2553-R

CBT-2553 - R New Jersey Retroactive S Election Application

2016 Form CBT-2553-R

CBT-2553 - R New Jersey Retroactive S Election Application

Application for Retroactive S-Corp Election 2015 Form CBT-2553-R

CBT-2553 - R New Jersey Retroactive S Election Application

Application for Retroactive S-Corp Election 2014 Form CBT-2553-R

CBT-2553 - R New Jersey Retroactive S Election Application

Application for Retroactive S-Corp Election 2013 Form CBT-2553-R

CBT-2553 - R New Jersey Retroactive S Election Application

Application for Retroactive S-Corp Election 2012 Form CBT-2553-R

CBT-2553 - R New Jersey Retroactive S Election Application

Application for Retroactive S-Corp Election 2011 Form CBT-2553-R

CBT-2553 - R New Jersey Retroactive S Election Application


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