Official Site of The State of New Jersey

Moving QSSS Payments to the S Corporation Parent’s Account

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:

• The QSSS’s name and identification number, and
• The amount of overpayment from previously filed return to be applied to the combined account, and
• Payments to be transferred. Include the date and amount of each payment that was made. The amount and the date on which the payment was submitted must be an exact match in order for the Division to transfer the funds from the QSSS to the S corporation’s account.

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.