New Jersey’s limitations period for filing refund claims was extended due to COVID-19. As a result, taxpayers have until April 1, 2022 to file corporation business tax refund claims for tax years dating back to 2015.
Veranstaltungsart: Webinar
- Startdatum / -uhrzeit:
- 24 January 2022, 2:00 PM ET
- Enddatum / -uhrzeit:
- 24 January 2022, 3:00 PM ET
In this webinar, Reed Smith lawyers will discuss potential refund opportunities for your company to consider, including:
- Excluding service receipts from the sales-fraction numerator using the Division’s regulation
- Mitigating the impact of New Jersey’s 2.5% surtax
- Alternative sourcing methods for receipts from the sale of goods
- Addback exceptions for intercompany interest and intangible expenses
- Resurrecting expired NOL carryovers
- DPAD deductions for software companies and food processors
- Basis adjustments to reduce gains on sales of subsidiaries
- Excluding income earned from foreign affiliates from your New Jersey tax base
- Claiming P.L. 86-272 protection in combination years despite the Division’s guidance to the contrary