Date

Start Date:
1/24/2022
Start Time:
2:00 PM EST
End Date:
1/24/2022
End Time:
3:00 PM EST

Contact

Name:
Reed Smith Events
Email

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.  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

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Fee:

Complimentary