The NJ Division of Taxation has released information regarding the mandatory registration of the managerial member of each combined group.
As an initial step in implementing combined reporting, the managerial member of each combined group must register with the New Jersey Division of Revenue and Enterprise Services (DORES). Division Director John Ficara discussed this at the last NJBIA/State Chamber Joint Taxation & Economic Development Committee in January.
The managerial member acts as the agent on behalf of the combined group, and is required to address all tax matters including, but not limited to: filing/amending tax returns, filing extensions, and making estimated tax payments and/or any tax liability payment on behalf of its taxable members. The managerial member is also responsible for responding to notices and assessments for its combined group. For more information, and to register, please click here.