Knowledge Base

16477: NJ - Corporate - Automatic Extension for Some Fiscal Year Filers - Forms Not Available

New Jersey

New Jersey is allowing for an automatic extension to file for some 2019 fiscal year returns. In Drake, applicable returns display a return note instead of forms. 


Per the NJ Department of the Treasury Division of Taxation:

"2019 Corporation Business Tax returns (Forms CBT-100, CBT-100U, BFC-1, BFC-1-F, and CBT-100S) are currently in the process of being finalized, which is delaying the start of the filing season.

Taxpayers with accounting periods ending between July 31, 2019, and November 30, 2019, have been granted an automatic extension to file their tax returns by April 15, 2020. The taxpayer will not be charged late filing penalties if the return is filed by the April 15, 2020, extended due date. The extension applies only to the filing of the return and does not extend the time to make all required payments.

In addition to the automatic extension, taxpayers can submit the Corporation Business Tax Tentative Return and Application For Extension of Time to FileForm CBT-200-T, which provides a 6-month extension. However, the return will be due 6 months from the original due date."

This automatic extension only applies to the state CBT-100, BFC-1, or CBT-100S, not the federal return. Any payments are still required to be made on or before the due date that applies to the fiscal filer.

Note: Form CBT-200-T is not currently available in Drake Tax (as of 01/10/20)

In Drake18, a note generates in view mode in place of the forms: 

In Drake19, NJ data entry displays a "Program not available" message and the following note in view mode: 

The note will be cleared and the forms displayed as soon as the forms have been finalized and the programming is approved by the state. 

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