The Division updated its filing procedures for S corporations and their QSSS(es) so that they no longer have to file separate returns as they historically had to in prior years, because various law changes simplified S corporation procedures and instituted combined reporting. Effective for the 2024 tax year, the filing procedures for Qualified Subchapter S Subsidiaries (QSSS) and their S corporation parent have changed. The S corporation parent and its QSSS must now file the CBT-100S together.
To assist with this transition, the New Jersey Division of Taxation’s Taxpayer Accounting Branch can help move tax payments. If a QSSS has overpayments from a previously filed return or has made payments under its own account, the S corporation must request to transfer these funds before filing the tax return.
Provide a spreadsheet showing:
Send the information using one of the following methods:
Mail – New Jersey Division of Taxation, QSSS payments, PO Box 266, Trenton, NJ 08695-0266
Fax – 609-633-6444
Email – Please use a secure email account and send to NewJerseyBusinessTax@treas.nj.gov.
Include a cover letter with a contact name and phone number in the event that the Division needs additional information or clarification.