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Division of Taxation

Corporation Business Tax - Combined Reporting Initiative

The Division is in the process of identifying companies that have been included as part of a combined group filing (CBT-100U return) and indicated that they have nexus 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 with approved companies based upon the following:

  • Companies must not have been incorporated in New Jersey, authorized to do business in New Jersey, or registered for Corporation Business Tax prior to being included as part of a 2019 or 2020 combined return;
  • The taxpayer must provide the New Jersey registration number of the Managerial Member, which begins with NU;
  • The look-back period will be limited to the periods ending after June 30, 2016, or the date nexus was established with New Jersey, whichever is later. Returns for prior periods will not be required;
  • The taxpayer must file all required returns and remit payment of the reported tax liability in full within 45 days of execution of the agreement.
  • The Division will waive all penalties;
  • The taxpayer will remit payment of interest within 30 days of assessment;
  • All returns will be subject to routine audits.

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.

To take advantage of this opportunity, complete the Combined Reporting Initiative form . Submission information is located at the bottom of the form.

Email questions to the Nexus Audit Group at nexusauditgroup.taxation@treas.nj.gov using “Combined Reporting Initiative” as the subject line.


Last Updated: Thursday, 06/10/21