April 15, 2021, 5:00 a.m.
The New Jersey Tax Agency released updated information on the combined executive committee procedures and registration requirements for corporate tax purposes on April 14. A law passed on November 4, 2020 contained a number of technical corrections, clarifications and changes to the corporate tax law. The department provides information on: 1) the responsibilities of the senior member; 2) the appointment of a senior member; 3) the combined reporting requirement for a senior member filing and paying New Jersey income tax; 4) the procedures for obtaining the tax identification number of a combined group; and 5) creating, crediting and submitting a …
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