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Screen NJGen - New Jersey Corporate Income Tax Return (1120)

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General Information

New Jersey corporation number
If the corporation has applied for a number, enter a hyphen (-) or the letter
A
, and the application prints 0000-0000-00.
Initial return
If the taxpayer is filing an initial New Jersey return but not an initial federal return, enter
X
.
Final return
Enter
X
 if this is a final return for the State of New Jersey but not the final federal return. The application automatically shows Final on the form if it is a final federal return.
note
Returns marked as final in the previous year don't proforma to the current year. If the federal return is marked as final, the client doesn't appear in the list of clients that are available to proforma.
Date of New Jersey S corp election (S Corp)
Using the MMDDYY format, enter the date that the business made its S Corporation election for New Jersey. If this box is blank, the application defaults to the date of the federal S Corporation election.
Date authorized for business in New Jersey, if different from date of incorporation
Using the MMDDYYYY format, enter the date that the business was authorized for business in the
Date authorized for business in New Jersey
. If the box is blank, the application defaults to the federal date of incorporation.
Federal 52/53 week client period dates for New Jersey (Force), if different from calculated value
New Jersey doesn't permit 52/53 week filing periods. If the client has a 52/53 week year for federal purposes, the application automatically calculates the New Jersey tax period as beginning on the 1st day of the month closest to the federal 52/53 week beginning date, and ending on the last day of the month closest to the federal 52/53 week ending date. Enter dates in the
New Jersey beginning of year date
 and
New Jersey end of year date
 boxes to force a different beginning and ending date for New Jersey purposes.
Entity code
Enter an entity code to identify the type of corporation for tax base and minimum tax calculations. Codes
3
,
4
,
5
, and
6
 are treated as domestic corporations (code
1
) for Form CBT-100S. If this box is blank, the application defaults to a domestic corporation. The entity type codes available are listed in the dropdown list and in the table that follows:
Code
Description
Result
1
Domestic (default)
Minimum tax
2
Foreign
Minimum tax
3
Investment
Minimum tax; Page 1, line 6
4
Real estate investment company
Minimum tax; Schedule M
5
Regulated investment company
Minimum tax; Schedule M
6
Affiliated group with payroll greater than $5M
Minimum tax
Affiliated group schedule of payroll per member
Enter the name, employer identification number, and total payroll for each member of the affiliated group when the group has total payroll exceeding $5 million. Complete this statement when code
6
 is selected for
Entity code
 on this screen. When a corporation enters an entity code of
6
 and also completes this statement, a statement prints with Schedule A-GR to reflect the affiliated group payroll, and Schedule A-GR tax becomes $2,000.
File Schedule I, Certification of Inactivity
Enter
X
 to complete Schedule I, Certificate of Inactivity. Only the Taxpayer Information Page, the Return Summary Page, and Pages 1 through 4 of Form CBT-100 or Form CBT-100S print with Schedule I.
Public utility exempt from surtax
Enter
X
 to affirm this entity is a public utility exempt from the surtax for income in excess of $1 million.

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