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Form 1120-S (Schedule K-1) for Paterson New Jersey: What You Should Know

This form is for corporations with more than 100 shareholders or those filing a New Jersey S Corporation S tax return, and it must: File with Part 1 of the New Jersey Corporation Income tax return. Filer on the 20th day before the due day. Complete the required sections of Schedule NJ-K-1, Shareholder's Share of Income/Loss. The Form 1120-S must be filed by the 30th January to ensure that the shareholders' share of income can be reported on the 20th January.  The New Jersey Corporation Income tax returns may be filed online or by mail. See New Jersey Taxation Code section 9-7. For more information or assistance on the New Jersey Corporation Tax return, please visit the New Jersey Department of the Treasury website.

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