Form CBT-160-B Underpayment of Estimated Nj Corporation Business Tax for Taxpayers With Gross Receipts of $50 Million or More - New Jersey

What Is Form CBT-160-B?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CBT-160-B?
A: Form CBT-160-B is an underpayment of estimated NJ Corporation Business Tax form for taxpayers with gross receipts of $50 million or more in New Jersey.

Q: Who is required to file Form CBT-160-B?
A: Taxpayers with gross receipts of $50 million or more in New Jersey are required to file Form CBT-160-B if they have underpaid their estimated NJ Corporation Business Tax.

Q: What is the purpose of Form CBT-160-B?
A: The purpose of Form CBT-160-B is to calculate and report the underpayment of estimated NJ Corporation Business Tax for taxpayers with gross receipts of $50 million or more.

Q: What is the penalty for underpayment of estimated NJ Corporation Business Tax?
A: The penalty for underpayment of estimated NJ Corporation Business Tax is based on the amount of underpayment and the applicable interest rate set by the state.

Q: When is Form CBT-160-B due?
A: Form CBT-160-B is due on or before the 15th day of the 5th month following the close of the tax year.