N.J. Admin. Code § 18:7-11.17 - Copies of tax returns or other information required

(a) For privilege periods ending prior to July 31, 2020, the Director may by general rule or by special notice require any taxpayer to submit copies or pertinent extracts of its Federal income tax returns, or of any other tax return made to any agency of the Federal government, or of this or any other state, or of any statement or registration made pursuant to any state or Federal law pertaining to securities or securities exchange regulations. For privilege periods ending on and after July 31, 2020, taxpayers are required to submit their Federal return and applicable schedules as part of a full and complete New Jersey corporation business tax return pursuant to N.J.S.A. 54:10A-14(a), as amended at P.L. 2020, c. 118. See N.J.A.C. 18:7-11.17A for more information on the Federal return mandate.

(b) The Director may require all taxpayers to keep records that the Director may prescribe, and the Director may require the production of books, papers, documents, and other data, to provide or secure information pertinent to the determination of the tax and its enforcement and collection.

(c) The Director may, also by general rule or special notice, require any taxpayer to make and file information returns, under oath, of facts pertinent to the determination of the tax or liability for tax pursuant to such regulations, at the times and in the form or manner and to the extent the Director may prescribe under law.

(d) Certain corporations that are member affiliated or controlled groups may be required to file consolidated returns pursuant to N.J.S.A. 54:10A-10. See N.J.A.C. 18:7-5.11.

Notes

N.J. Admin. Code § 18:7-11.17

Amended by 49 N.J.R. 1694(a), effective 6/19/2017 Amended by 54 N.J.R. 1819(a), effective 9/19/2022