Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Does New Jersey tax S Corporations for owning real estate?

Customer Question
If yes, how is that...
Does New Jersey tax S Corporations for owning real estate? If yes, how is that tax reported?
Submitted: 6 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 4 hours by:
11/7/2017
Tax Professional: Barbara, Enrolled Agent replied 6 months ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,995
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

S corporations in NJ are required to file Form CBT-100S.

The following link contains Form CBT-100S, its instructions, and payment voucher:

http://www.state.nj.us/treasury/taxation/prntcbt.shtml

The following link contains information regarding the taxation of S corporations in NJ:

http://www.nj.gov/treasury/taxation/corp_over.shtml

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Ask Your Own Tax Question
Customer reply replied 6 months ago
I have a S corporation with one owner that was initially formed in NJ, it is a company that provides professional services. It acquired a piece of real estate in PA. A few years later the owner moved from NJ to PA bringing the corporation with them and started filing the S Corp taxes in PA as a local entity, at this time it still owned the real estate in PA. Is there a tax issue with NJ for having owned that piece of real estate in PA or for moving the corp out of NJ while still owning the real estate? If yes, what is the issue?
Tax Professional: Barbara, Enrolled Agent replied 6 months ago

I apologize for the delay in responding. My computer crashed. Was the s Corp dissolved in NJ?

Ask Your Own Tax Question
Was this answer helpful?
Ask Barbara Your Own Question
Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,995
5,995 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

Barbara is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,495 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,272 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I am trying to file an IRS Form 1023 requesting tax-exempt
I am trying to file an IRS Form 1023 requesting tax-exempt status for an international charity that was incorporated in England and Wales eight years ago.Should I name it Friends of "the charity name"… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am looking for my,2017 tax form to file. Social security
I am looking for my,2017 tax form to file JA: Which tax year are you filing for? Customer: social security tax for 2017 to file JA: Anything else you want the Accountant to know before I connect you? … read more
abci168
abci168
Principal
27 satisfied customers
My questions are related to cryptocurrency taxation. I am on
Hi,My questions are related to cryptocurrency taxation. I am on a temporary VISA in USA and have purchased cryptocurrencies for long term investment. I have the below questions1. I have purchased $100… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
227 satisfied customers
I need to file a tax form. Its a new LLC with no income, no
I need to file a tax form. Its a new LLC with no income, no business was generated. Is someone avaiable to help me with this now?… read more
Shan-Nel Simmons
Shan-Nel Simmons
Tax Professional/Owner
Master\u0027s Degree
43 satisfied customers
I am attempting to file an extension for an S-corp taxes for
I am attempting to file an extension for an S-corp taxes for the first time. We are a non-profit educational program that is extremely understaffed but we haven't filed to become as 501c3 yet as I men… read more
Barbara
Barbara
Enrolled Agent
5,995 satisfied customers
It involves taxation on a settlement agrreement. A
A background check company paid me a settlement because they violated the fair credit reporting act. Where would I report that settlement money and can I deduct the lawyer fees? … read more
abci168
abci168
Principal
27 satisfied customers
I owe money for State and Local taxes and need to withdraw
Hi, I owe money for State and Local taxes and need to withdraw from our Fidelity account. That takes a few days. Should I sent my taxes in without money and work at getting the money. Please help. … read more
Barbara
Barbara
Enrolled Agent
5,995 satisfied customers
Other than the standard "employee" taxes and local taxes are
other than the standard "employee" taxes and local taxes are the American legions that are exempt still to pay the income tax … read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
836 satisfied customers
Tax question: If I filed form 1040 online and it was
Tax question: If I filed form 1040 online and it was accepted and afterwards I filed form 4868 and it says accepted, does this extend the FBAR? Please provide IRS references. Thanks! Jonathan Wyman, C… read more
Barbara
Barbara
Enrolled Agent
5,995 satisfied customers
I'm filing married filing separate and will submit form
I'm filing married filing separate and will submit form 8958. We have a marriage agreemtn … read more
abci168
abci168
Principal
27 satisfied customers
I just found out that S Corp taxes are due today. I would
I just found out that S Corp taxes are due today. I would like to file as an S Corp and was under the impression that the documents had been filed, but just found out they havent. I already have an LL… read more
abci168
abci168
Principal
27 satisfied customers
I have an s corp tax return to prepare and am struggling
I have an s corp tax return to prepare and am struggling with the k1. One partner bought out the other. they were 50/50 partners. issues below: - the partners final day 9/30/17 -he stayed on as an emp… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Need to walk through local earned income tax form. Did turbo
did turbo tax for federal and state,, trying to understand berkhiemers form for the local earned income,, moved from pa. to florida on july 1, 2017 … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Im a single meember llc. I want to have s corp tax staus. Do
Im a single meember llc. I want to have s corp tax staus. Do in need to submit 2553 form or 8832 form? … read more
Carter McBride
Carter McBride
LLM
1,052 satisfied customers
Would like to know if i have to file a 1099R with local
would like to know if i have to file a 1099R with local taxes or just federal and state. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,027 satisfied customers
Is there a form to file with the IRS for tax periods that
Is there a form to file with the IRS for tax periods that have ran past the statute of limitations from the date of assessment … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
S-Corp Tax Question. Non-taxable distributions from S-Corp
non-taxable distributions from S-Corp to 100% shareholder. reducing basis in cost basis of stock, avoiding income tax to s-corp shareholder … read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,213 satisfied customers
If a s-corp tax return was paper filed under the wrong EIN,
If a s-corp tax return was paper filed under the wrong EIN, what do I need to do to correct that? Do I prepare an amended return with just that change?Thanks, JW… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,272 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x