This version of the form is not currently in use and is provided for reference only. Download this version of Form NJ-1040 Schedule NJ-BUS-2 for the current year.
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-1040, New Jersey Resident Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form NJ-1040 Schedule NJ-BUS-2?
A: Form NJ-1040 Schedule NJ-BUS-2 is a form used for calculating the Alternative Business Calculation Adjustment for New Jersey Gross Income Tax.
Q: What is the Alternative Business Calculation Adjustment?
A: The Alternative Business Calculation Adjustment is a calculation used to determine the taxable income of a business in New Jersey for the purpose of the Gross Income Tax.
Q: Who needs to file Form NJ-1040 Schedule NJ-BUS-2?
A: Businesses that need to calculate the Alternative Business Calculation Adjustment for their New Jersey Gross Income Tax return are required to file Form NJ-1040 Schedule NJ-BUS-2.
Q: How do I fill out Form NJ-1040 Schedule NJ-BUS-2?
A: You will need to follow the instructions on the form to fill out the necessary information, including details about your business's income and expenses.
Q: When is the deadline to file Form NJ-1040 Schedule NJ-BUS-2?
A: The deadline to file Form NJ-1040 Schedule NJ-BUS-2 is usually the same as the deadline to file your New Jersey Gross Income Tax return, which is April 15th.
Q: What happens if I don't file Form NJ-1040 Schedule NJ-BUS-2?
A: If you are required to file Form NJ-1040 Schedule NJ-BUS-2 and fail to do so, you may face penalties or interest charges from the New Jersey Division of Taxation.
Q: Do I need to include Form NJ-1040 Schedule NJ-BUS-2 with my federal tax return?
A: No, Form NJ-1040 Schedule NJ-BUS-2 is specific to the New Jersey Gross Income Tax and does not need to be included with your federal tax return.
Form Details:
Download a fillable version of Form NJ-1040 Schedule NJ-BUS-2 by clicking the link below or browse more documents and templates provided by the New Jersey Department of the Treasury.