Translation Disclaimer
The Division is in the process of identifying companies that have been included as part of a combined group filing (CBT-100U return)link to https://www.nj.gov/treasury/taxation/pdf/current/cbt/cbt100u.pdf and indicated that they have nexus link to https://www.nj.gov/treasury/taxation/pdf/pubs/tb/tb79r.pdf with New Jersey but have not filed as a separate entity for periods prior to 2019.
Beginning June 15, 2021, and running through October 15, 2021, companies that have had nexus with New Jersey prior to filing as part of combined return will have the opportunity to come forward and voluntarily comply with their Corporation Business Tax filing requirements. These companies are not eligible for a standard Voluntary Disclosure Agreement, however the Division will consider entering into a Closing Agreement link to https://www.nj.gov/treasury/taxation/pdf/other_forms/special_pro/906.pdf with approved companies based upon the following:
Failure to take advantage of this initiative will result in the look-back period going beyond return periods ending after June 30, 2016 and all applicable penalties and interest being assessed.
Email questions and requests for disclosure to the Nexus Audit Group at nexusauditgroup.taxation@treas.nj.gov using “Combined Reporting Initiative” as the subject line.
Division of Taxation
Official Site of The State of New Jersey