Effective for tax year 2005, the Annual Report, Form CAR-100, New Jersey is mandating the Form CAR-100 be filed and paid electronically by all business entities including but not limited to corporations, limited liability companies, limited liability partnerships and limited partnerships. The paper Form CAR-100 will be eliminated and the Annual Report will no longer be a part of the CBT-100 and CBT-100S tax returns. The choices of electronic payment options are electronic funds transfer, electronic check and credit card. New Jersey advises there is no convenience fee for use of credit cards. The New Jersey Annual report fee is $50 for corporations, limited liability companies, limited liability partnerships and limited partnerships.

 

Beginning with the 2005 reporting period, the annual report due date may change for most businesses subject to the corporation business tax. Since the annual report filing is no longer coupled with the corporation business tax filing, the basis of the reporting period becomes the month of formation. The annual report for corporations is due at the beginning of the period instead of the end of the period. This change will result in some business entities being required during the conversion year to submit two annual report and payments within a 12 month period. For example, a corporation with a January to December fiscal period with a formation month in January would be required to electronically file for both 2005 and 2006 on January 31, 2006.

 

This change will not affect limited liability companies, limited liability partnerships and limited partnerships because these businesses entities are currently using the formation date for annual report filing purposes.

 

The filing of the CAR-100 and payment of the annual report fee are made through New Jersey Business Gateway Service website at http://www.state.nj.us/njbgs/

 

Three pieces of information will be required to enter the system to file your New Jersey Annual Report online:

1. Your 10 digit corporation number

2. The month and year the business was formed or authorized to do

     business in New Jersey.

3. The business type

Prompts will direct you through each segment of the filing.

 

Immediate confirmation is provided upon the successful conclusion of the filing and payment of the New Jersey annual report. The confirmation page should be printed for your records.

 

If you need assistance with this online filing procedure, or have any questions regarding these New Jersey Annual Report filing and payment requirements, please contact Fred Schutz, Tax Manager, at (856)722-5300 ext. 201.