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- As per January, 2022 change does a NJ partnership need to pay the non-resident withholding if it is electing and paying PTE-BAIT?
As per January, 2022 change does a NJ partnership need to pay the non-resident withholding if it is electing and paying PTE-BAIT?
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IRASCPA
Level 1
02-28-2022
08:32 AM
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In January, 2022 NJ announced that a NJ Partnership may no longer need to pay the Non-Resident withholding tax if it will be paying the NJ PTE-BAIT tax thereby avoiding the duplication of payments. How is ProSeries handling this? I do not see anything on the NJ Partnership CBT-1065 which allows us to stop the calculation for 2021 or for 2022 estimated tax. Do we need to override all the fields or will ProSeries issue an update to address this?
https://www.njcpa.org/article/2022/01/18/the-latest-on-nj-bait-and-pte-filings
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