The New Jersey Division of Taxation has revised its filing procedures for S corporations and their Qualified Subchapter S Subsidiaries (QSSS). Starting with the 2024 tax year, these entities are no longer required to file separate returns due to changes in law that have simplified S corporation procedures and implemented combined reporting. The updated process requires the S corporation parent and its QSSS to file together using form CBT-100S.
To facilitate this transition, the Division's Taxpayer Accounting Branch is available to assist in moving tax payments. If a QSSS has overpayments from a previously filed return or has made payments under its own account, it is necessary for the S corporation to request a transfer of these funds before submitting the tax return.
For assistance with transferring funds, taxpayers can provide information through various methods:
- Mail: New Jersey Division of Taxation, QSSS payments, PO Box 266, Trenton, NJ 08695-0266
- Fax: 609-633-6444
- Email: Use a secure email account and send to NewJerseyBusinessTax@treas.nj.gov
