Instructions for Form NJ-1080-C, NJ-1080E - New Jersey

Form NJ-1080E New Jersey Election to Participate in a Composite Return - New Jersey

This document contains official instructions for Form NJ-1080-C , and Form NJ-1080E . Both forms are released and collected by the New Jersey Department of the Treasury. An up-to-date fillable Form NJ-1080E is available for download through this link.

FAQ

Q: What is Form NJ-1080-C?
A: Form NJ-1080-C is the Corporation Business Tax Consolidated Return.

Q: What is Form NJ-1080E?
A: Form NJ-1080E is the Election to Participate in Group Filing.

Q: Who needs to file Form NJ-1080-C?
A: Corporations that are members of an affiliated group with a common parent corporation and elect to file a combined return in New Jersey need to file Form NJ-1080-C.

Q: Who needs to file Form NJ-1080E?
A: Corporations that wish to participate in a group filing need to file Form NJ-1080E.

Q: What information is needed to complete Form NJ-1080-C?
A: You will need to provide detailed information about the parent corporation and each member of the affiliated group, including their federal income tax information and New Jersey apportionment factors.

Q: What information is needed to complete Form NJ-1080E?
A: You will need to provide information about the electing corporation, the common parent corporation, and any other affiliated group members.

Q: When is the deadline to file Form NJ-1080-C?
A: Form NJ-1080-C is generally due on or before the 15th day of the fourth month following the close of the tax year.

Q: When is the deadline to file Form NJ-1080E?
A: Form NJ-1080E should be filed with the New Jersey Division of Taxation on or before the due date of the return for the tax year being filed.

Q: Are there any penalties for late or incorrect filing of Form NJ-1080-C or Form NJ-1080E?
A: Yes, there may be penalties for late or incorrect filing, including interest charges and potential legal consequences. It is important to file these forms accurately and on time.