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This version of the form is not currently in use and is provided for reference only. Download this version of
Form NJ-1040NR Schedule NJ-BUS-1
for the current year.
Form NJ-1040NR Schedule NJ-BUS-1 Business Income Summary Schedule - Gross Income Tax - New Jersey
What Is Form NJ-1040NR Schedule NJ-BUS-1?
This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey.The document is a supplement to Form NJ-1040NR, Income Tax Nonresident Return. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form NJ-1040NR?
A: Form NJ-1040NR is a tax form used by nonresidents of New Jersey to report their income and pay the appropriate taxes.
Q: What is Schedule NJ-BUS-1?
A: Schedule NJ-BUS-1 is a business income summary schedule that must be attached to Form NJ-1040NR for reporting business income earned in New Jersey.
Q: What is Gross Income Tax?
A: Gross Income Tax is the name of the tax imposed by the state of New Jersey on income earned by its residents and nonresidents.
Q: Who needs to file Form NJ-1040NR?
A: Nonresidents of New Jersey who earned income in the state or had any tax liability in New Jersey generally need to file Form NJ-1040NR.
Q: What should be reported on Schedule NJ-BUS-1?
A: Schedule NJ-BUS-1 should be used to report business income earned in New Jersey, including income from self-employment, partnerships, and S corporations.
Q: What taxes are paid through Form NJ-1040NR?
A: Through Form NJ-1040NR, nonresidents of New Jersey pay the Gross Income Tax, which is based on their taxable income from sources within New Jersey.
Q: When is the deadline to file Form NJ-1040NR?
A: The deadline to file Form NJ-1040NR is generally the same as the federal tax deadline, which is April 15th of each year.
Q: Are there any penalties for late filing?
A: Yes, if you file your Form NJ-1040NR and Schedule NJ-BUS-1 after the deadline, you may be subject to penalties and interest on any unpaid taxes.
Form Details:
- The latest edition provided by the New Jersey Department of the Treasury;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form NJ-1040NR Schedule NJ-BUS-1 by clicking the link below or browse more documents and templates provided by the New Jersey Department of the Treasury.
