NJ CBT 100S

[cjscpa]

What date should I really put on "date of NJ S Corp election"?  Indiana S Corp 2018. 1st taxable sale in NJ in 2020. I'm uncomfortable with the default of 1/1/2018 as "date of NJ S Corp election since we never had sales there. Worried about tax notice. Thoughts? Very much appreciate it!

[George4Tacks]

Have they registered with NJ? What date was that? 

https://business.nj.gov/pages/business-tax-registration-certificate

[cjscpa]

Unfortunately, seems they did not. Thanks for providing this link...it's the same one I sent to them earlier this morning...good to know we're going in the right direction. I believe they'll get registered, but it won't be done until this month! 

They have an overall operating loss this year. Yet $26K gross sales in NJ. Acting in good faith to file! They'll get their $300 tax due 🙂

Any consequences?

[George4Tacks · Accepted solution]

I would use the first day they did business in that new state. I would imagine there may be more new states for them in the future. 

[cjscpa]

Intuitively that's what I was thinking...really didn't want a non-filing notice to kick out, using the defaulted date of 2018, when they didn't do business until late 2020 in NJ.

Thank you so much! Have a great day!! 🙂