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.

Speakers: David J. Gutowski Matthew L. Setzer

Event Type: Webinar

Start Date/Time:
24 January 2022, 2:00 PM ET
End Date/Time:
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