Fillable Form 2020: Gross Income Tax NJ-1065 New Jersey (The State of New Jersey)

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Form 2020: Gross Income Tax NJ-1065 New Jersey (The State of New Jersey)

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NJ-1065
2020
New Jersey Partnership Return
Gross Income Tax
For Calendar Year 2020, or Tax Year Beginning , 2020 and Ending , 20
Legal Name of Taxpayer
Trade Name of Business if dierent from legal name above
Address (number and street or rural route)
City or Post Oce State ZIP Code
You Must Enter Your Federal EIN
# of Resident Partners
# of Nonresident Partners with Physical Nexus to NJ
# of Nonresident Partners without Physical Nexus to NJ
Federal EIN
Principal Business Activity
Date Business Started
Check applicable boxes
Initial Return Investment Club
Final Return Composite Return is Filed for Nonresident Partners
Amended Return Controlling Interest Transfer Tax
Application for Federal Extension is Attached Tiered Partnership
Substitute Method of Allocation Granted General Partnership
Complete Liquidation Limited Partnership
Qualied Investment Partnership Limited Liability Company
Listed on U.S. National Stock Exchange Limited Liability Partnership
Hedge Fund
Partnership Income
Column A
Amount From All Sources
Column B
Amount From NJ Sources
1. Ordinary Income (loss) from trade or business activities (See instructions) ............. 1.
2. Net income (loss) from rental real estate activities .................................................... 2.
3. Net income (loss) from other rental activities ............................................................ 3.
4. Guaranteed payments to partners ............................................................................. 4.
5. Interest income .......................................................................................................... 5.
6. Dividend income ........................................................................................................ 6.
7. Royalty income .......................................................................................................... 7.
8. Net gain (loss) from disposition of property ............................................................... 8.
9. Net IRC section 1231 gain (loss) ............................................................................... 9.
10. Other Income (loss) ................................................................................................... 10.
11. Tax-exempt interest income ...................................................................................... 11.
12. Subtotal (Add lines 1 through 11) .............................................................................. 12.
13a. Taxes based on income .................................... 13a.
13b. Other additions – specify: 13b.
13c. Total additions (Add lines 13a and 13b) .................................................................... 13c.
14. Subtotal (Add lines 12 and 13c) ................................................................................ 14.
Legal Name of Taxpayer Federal EIN
Partnership Income
Column A
Amount From All Sources
Column B
Amount From NJ Sources
15a. Net Income (loss) from rental real estate activities ..... 15a.
15b. Net gain (loss) from disposition of real property .......... 15b.
15c. Guaranteed payments to partners ............................... 15c.
15d. Interest income from federal obligations ..................... 15d.
15e. Interest income from NJ obligations ............................ 15e.
15f. IRC section 179 expense ............................................ 15f.
15g. Other subtractions – specify: 15g.
15h. Total subtractions (Add lines 15a through 15g) ................................................................... 15h.
16a. Subtotal (Subtract line 15h from line 14) ............................................................................. 16a.
16b. NJ Allocation (Line 16a times business allocation % of %) 16b.
17. Net income (loss) from rental real estate activities (See instructions) ................................. 17.
18. Net gain (loss) from disposition of real property .................................................................. 18.
19. Net partnership income (loss) (Total lines 16a, 17, and 18 of column A)
(Total lines 16b, 17, and 18 of column B) ............................ 19.
20. Income (loss) from tiered partnership .................................................................................. 20.
21. Partnership income (loss) (Total lines 19 and 20) ............................................................... 21.
22a. Guaranteed payments to partners ....................................................................................... 22a.
22b. Guaranteed payments to partners – pension ...................................................................... 22b.
22c. Net guaranteed payment to partners (Subtract line 22b from line 22a) .............................. 22c.
23. Net gain (loss) from disposition of assets as a result of a complete liquidation .................. 23.
24. Total Nonresident Noncorporate Partners Share of Tax
(Line 2c, column J of Partners Directory)............................................................................ 24.
25. Total Nonresident Corporate Partners Share of Tax
(Line 2c, column K of Partners Directory) ........................................................................... 25.
Partnership Filing Fee
1a. Number of Resident Partners .................................................. x $150.00 = 1a.
1b. Number of Nonresident Partners with
Physical Nexus to New Jersey ................................................ x $150.00 = 1b.
1c. Number of Nonresident Partners without
Physical Nexus to New Jersey ................................................ x $150.00 x = 1c.
Corporation
Allocation Factor
1d.
1d. Filing Fee (Add lines 1a–1c, but do not enter more than $250,000) ................................................................................
2. Installment Payment ......................................................................................................................................................... 2.
3. Less: Installment Payment from 2019 .............................................................................................................................. 3.
4. Less: PART-200-T Payment ............................................................................................................................................. 4.
5. Balance Due ..................................................................................................................................................................... 5.
6. Refund .............................................................................................................................................................................. 6.
NJ-1065 Page 3
Partnership name as shown on Form NJ-1065 Federal EIN
Partners Directory List all partners, including principal address. Add additional sheets as necessary. 1. Corporation Allocation Factor
.
A B C D E F G H I J K
Code
SS Number or FEIN
Name and Principal Address
Distributive Share of Partnership
Income (Loss)
Net Gain (Loss) From Disposition
of Assets as a Result of a
Complete Liquidation
Pension
Nonresident Partner’s Nonresident
Total
Distribution
NJ Source
Total Gain
(Loss)
NJ Source
Share of Total
Income
Share of NJ
Income
Noncorporate
Partner’s Share
of Tax
Corporate
Partner’s Share
of Tax
% owned
by Partner
Final
% owned
by Partner
Final
% owned
by Partner
Final
2a. Total this page. Enter zero if no tax is reported in column(s) J and/or K.
2b. Total from
additional pages attached. Enter zero if no tax is reported in column(s) J and/or K.
2c. Total tax (Add lines 2a and 2b). Enter the totals here.
Signature of General Partner or Limited
Liability Company Member.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and
belief, it is true, correct, and complete. Declaration of preparer (other than general partner) is based on all information of which preparer has any knowledge.
Paid Preparer’s Signature Date
Check if Self-Employed
Date Firm’s Name (or yours if self-employed) Preparer’s SS # or PTIN
Preparer’s Address Preparer’s Federal EIN
A complete federal Form 1065 including all schedules and supporting attachments may be required during the course of an audit.
NJ-1065 Page of
Partnership name as shown on Form NJ-1065 Federal EIN
Partners Directory List all partners, including principal address. Add additional sheets as necessary.
A B C D E F G H I J K
Code
SS Number or FEIN
Name and Principal Address
Distributive Share of Partnership
Income (Loss)
Net Gain (Loss) From Disposition
of Assets as a Result of a
Complete Liquidation
Pension
Nonresident Partner’s Nonresident
Total
Distribution
NJ Source
Total Gain
(Loss)
NJ Source
Share of Total
Income
Share of NJ
Income
Noncorporate
Partner’s Share
of Tax
Corporate
Partner’s Share
of Tax
% owned
by Partner
Final
% owned
by Partner
Final
% owned
by Partner
Final
% owned
by Partner
Final
Total This Page
Enter zero if no tax is reported in column(s) J and/or K.
NJ-1065 Page of
Partnership name as shown on Form NJ-1065 Federal EIN
Partners Directory List all partners, including principal address. Add additional sheets as necessary.
A B C D E F G H I J K
Code
SS Number or FEIN
Name and Principal Address
Distributive Share of Partnership
Income (Loss)
Net Gain (Loss) From Disposition
of Assets as a Result of a
Complete Liquidation
Pension
Nonresident Partner’s Nonresident
Total
Distribution
NJ Source
Total Gain
(Loss)
NJ Source
Share of Total
Income
Share of NJ
Income
Noncorporate
Partner’s Share
of Tax
Corporate
Partner’s Share
of Tax
% owned
by Partner
Final
% owned
by Partner
Final
% owned
by Partner
Final
% owned
by Partner
Final
Total This Page
Enter zero if no tax is reported in column(s) J and/or K.
Schedule NJK-1
(Form NJ-1065)
State of New Jersey
Partner’s Share of Income
2020
For Calendar Year 2020, or Fiscal Year Beginning , 2020 and ending , 20
Part I General Information
Partner’s SS # or Federal EIN (
Do not use EIN of a disregarded entity. See instr.)
Partnership’s Federal EIN
Partner’s Name Partnership’s Name
Street Address Partnership’s Street Address
City State ZIP Code City State ZIP Code
What type of entity is partner? (see instructions)
Code
Date partner’s interest in partnership began:
Month Day Year
Final NJK-1 Hedge Fund
Amended NJK-1 Member of Composite Return
If the partner is a disregarded entity, check the box and enter the partner’s:
Federal EIN Name
Enter partner’s percentage of:
(i) Before Decrease (ii) End of Year
or Termination
Prot Sharing % %
Loss Sharing % %
Capital Ownership % %
Part II Income Information
Income Classication A. Total Distribution
NJ-1040 Filers
Enter Amounts on Line
Shown Below
B. New Jersey Source
Amounts
NJ-1040NR Filers
1. Partnership Income (Loss)
2. Net Guaranteed Payments
3. Partner’s 401(k) Contribution
4. Distributive Share of Partnership
Income (loss) (Line 1 plus line 2
minus line 3)
Line 21 Line 23
5. Pension Line 20a
6. Net Gain (Loss) From
Disposition of Assets as a
Result of a Complete Liquidation
Line 19 Line19
Part III Partner’s Information
1. Nonresident Partner’s Share of NJ Tax ................................................... 1.
Line 10b, Page 1, CBT-100
Line 8b, Page 1, CBT-100S
Line 10, Page 1, CBT-100U
Line 8, NJ-CBT-1065
Line 51, NJ-1040NR
Line 23, NJ-1080C
Line 34a, NJ-1041
2. Partner’s HEZ Deduction ........................................................................ 2.
3. Partner’s Sheltered Workshop Tax Credit ............................................... 3.
Part IV Supplemental Information (Attach Schedule)
THIS FORM MAY BE REPRODUCED
NJ-1065 – 2020 Schedule A
Partnership name as shown on Form NJ-1065 Federal EIN
Schedule A Tiered Partnerships
(Complete this schedule before completing Form NJ-1065 or Schedule L, if applicable)
Part I Partnership Income
Column A
Amounts Reported by This
Partnership on Federal
Schedule K
Column B
Portion of Amount in
Column A Earned by
Other Partnerships
Column C
Amount Earned by This
Partnership
(A minus B)
1.
Ordinary income (loss) from trade or business activities 1.
2. Net income (loss) from rental real estate activities 2.
3. Net income (loss) from other rental activities 3.
4. Guaranteed payments to partners 4.
5. Interest Income 5.
6. Dividend Income 6.
7. Royalty Income 7.
8. Net gain (loss) from disposition of property 8.
9. Net IRC section 1231 gain (loss) 9.
10. Other income (loss) 10.
11. Tax-exempt interest income 11.
Use the amounts reported in column C to complete lines 1 through 11 of Form NJ-1065 or column A of Schedule L, if applicable.
Lines 1–11
Column A: Follow the instructions for lines 1–11 of the NJ-1065.
Column B: Enter the portion of each amount reported in column A that was derived from other partnerships. For each line, this will be the sum of the amounts
reported for the corresponding category on the federal Schedule K-1(s) furnished to your partnership by each subsidiary partnership in which it is a
member.
Column C: For each line 1 through 11, subtract the amount reported in column B from the amount reported in column A. Enter the dierence in column C of that
line and on the corresponding line on the front of Form NJ-1065 or in column A of Schedule L, if applicable. Follow the instructions for lines 1 through
11 of the NJ-1065.
Part II Summary of Schedule NJK-1(s) or Federal K-1(s) Received From Other Partnerships
(Attach copies of all Schedule NJK-1(s) Received)
12.
NJK-1 Partnership Name Federal EIN
NJ Distributive Share of Partnership Income Nonresident Partner’s
Column A
Amount from All
Sources
Column B
Amount from NJ
Sources
Column C
Share of NJ Tax
A
B
C
D
E
13. Total Income (Loss) and Tax from Tiered Partnerships 13.
Line 12: Check the box to indicate if you received a Schedule NJK-1. List the Name, Federal EIN, and Distributive Share of Partnership Income or Loss
reported on line 4, columns A and B of Part II and/or Net Gain (Loss) From Disposition of Assets as a Result of a Complete Liquidation reported on
line 6, columns A and B of Part II, and Share of NJ Tax reported on line 1 of Part III of each Schedule NJK-1 this partnership received from another
partnership. If you did not receive a Schedule NJK-1, you will have to use the information from your federal Schedule K-1 to complete Reconciliation
Worksheet A to determine the proper amount to report as your distributive share of partnership income for New Jersey purposes. See Tax Topic Bulle-
tin GIT-9P, Income From Partnerships.
Line 13: Add the amount(s) on line 12, columns A, B, and C and enter the result on line 13, columns A, B, and C. Carry totals in columns A and B to line 20 of
Form NJ-1065.
NJ-1065 – 2020 Schedule B
Partnership name as shown on Form NJ-1065 Federal EIN
Schedule B Sheltered Workshop Tax Credit For Tax Years
Beginning After January 12, 2006
Part I Qualications
1. Is each employee for which a credit is claimed a “Qualied Person” in accordance with P.L. 2005, c. 318? ........................................... YES NO
2. Did each employee for which a credit is claimed work for at least 26 weeks during the privilege period and work at least 25
hours per week at or under the supervision of a sheltered workshop?
..................................................................................................... YES NO
NOTE: If the answer to either of the above questions is “NO,” do not complete the rest of this form. The taxpayer does not qualify for the Sheltered
Workshop Tax Credit. Otherwise, go to Part II.
Part II Calculation of the Available Sheltered Workshop Tax Credit for Partnerships
Column (A)
Name
Column (B)
Social Security #
Column (C)
Total Wages
Column (D)
20% of Column C – Max $1,000
3.
4.
5.
6.
7.
8. Available Sheltered Workshop Tax Credit (Add lines 3 through 7)
......................................................................................
* If there are more names, attach a schedule corresponding to Part II.
Column A
Enter the name of each qualied person employed by your partnership.
Column B
Enter the Social Security number of each qualied person employed by your partnership.
Column C
Enter the salary and wages paid during the tax year.
Column D
Enter the lesser of 20% of column C or $1,000 per qualied person.
NJ-1065 – 2020 Schedule J
Partnership name as shown on Form NJ-1065 Federal EIN
Schedule J Corporation Allocation Schedule
A partnership that is not a qualied investment partnership, investment club, and that is not listed on a United States
National Stock Exchange but has a nonresident noncorporate or nonresident corporate partner should complete
Schedule J. This schedule should be omitted if the taxpayer does not have receipts outside New Jersey; the allocation
factor will be 100% (1.000000). Schedule J is not required for a partnership that meets hedge fund status if its only
nonresident partners are individuals, estates, or trusts. Schedule J is required if the partnership includes nonresident
partners who do not have physical nexus to New Jersey and the partnership wishes to allocate the ling fee.
Part I All Allocating Companies Must Answer the Following:
(a) Explain in detail internal controls used in distribution of receipts in and out of New Jersey, as shown in Part II
(b) State the location of the actual seat of management or control of the partnership
Part II Computation of Allocation Factor
Amounts (omit cents)
1. Receipts:
Complete by carrying the fraction
to six (6) decimal places. Do not
express as a percent. Example:
123,456
= .
1
2 3 4 5 6
1,000,000
(a) From sales of tangible personal property shipped to points within New Jersey.
(b) From services if the benet of the service is received in New Jersey.
(c) From rentals of property situated in New Jersey.
(d) From royalties for the use in New Jersey of patents, copyrights, and trademarks.
(e) All other business receipts earned in New Jersey.
(f) Total New Jersey receipts (Total of lines 1(a) to 1(e), inclusive).
(g) Total receipts from all sales, services, rentals, royalties, and other business
transactions everywhere.
(h) Allocation Factor (Percentage in New Jersey (line 1(f) divided by line 1(g)).
Enter result in line 1(h) and carry to line 1 of the Partners Directory on page 3
of Form NJ-1065.
.
General Instructions
Schedule J can be omitted if the taxpayer does not have activity
outside New Jersey.
In calculating the allocation factor, division must be carried to six
decimal places, e.g., .123456. Only receipts attributable to the
partnership entity are to be used in calculating the allocation factor
denominators.
Eective for returns beginning on or after July 1, 2010, all
partnerships are entitled to allocate.
Eective for returns beginning on or after January 1, 2016, all
returns will have a 100% weighted receipts fraction only.
Part II – Computation of Allocation Factor
Line 1a–1d
Receipts Fraction. Receipts from sales of tangible personal
property are allocated to New Jersey if
the goods are shipped to
points within New Jersey.
Receipts from the sale of goods are allocable to New Jersey if
shipped to a New Jersey or a non-New Jersey customer where
possession is transferred in New Jersey. Receipts from the sale
of goods shipped to a taxpayer from outside New Jersey to a
New Jersey customer by a common carrier are allocable to New
Jersey. Receipts from the sale of goods shipped from outside New
Jersey to a New Jersey location where the goods are picked up by
a common carrier and transported to a customer outside of New
Jersey are not allocable to New Jersey.
Receipts from the following are allocable to New Jersey; services
performed if the benefit of the services is received in New Jersey;
rentals from property situated in New Jersey; royalties from the
use in New Jersey of patents or copyrights, and trademarks; all
other business receipts earned in New Jersey.
Lines 1(e) and 1(g)
Receipts From Sales of Capital Assets. Receipts from sales of
capital assets (property not held by the taxpayer for sale to
customers in the regular course of business), either within or
outside New Jersey, should be included in the numerator and the
denominator based on the net gain recognized and not on gross
selling prices. Where the taxpayer’s business is the buying and
selling of real estate or the buying and selling of securities for
trading purposes, gross receipts from the sales of such assets
should be included in the numerator and the denominator of the
receipts fraction.
Instructions for Schedule J
Corporation Allocation Schedule
NJ-NR-A
(7-19)
New Jersey Gross Income Tax
Business Allocation Schedule
Use this schedule if business activities are carried on both inside and outside New Jersey or
if business activities are carried on 100% outside New Jersey.
This form must be enclosed and led with your New Jersey Income Tax return.
Enter name, address, and Social Security/federal employer identication number as shown on Form NJ-1040NR, Form NJ-1041, or Form NJ-1065.
Legal name of taxpayer Social Security Number/Federal EIN
Trade name of business if dierent from legal name above For the Tax Year Ending
(Month, Day, Year)
Address (number and street or rural route)
City or Post Oce State ZIP Code
Section 1 – Business Locations
List all places BOTH INSIDE AND OUTSIDE New Jersey where business is carried on.
(a) Street Address (b) City and State (c) Description of Business Location
(d) Check One
Rent Own
1.
2.
3.
4.
Section 2 – Average Values
Assets (See Instructions)
Average Values
Column A
Everywhere
Column B
New Jersey
1. Real Property Owned
1. 1.
2. Real and Tangible Property Rented
2. 2.
3. Tangible Personal Property Owned
3. 3.
4. TOTALS (Add lines 1–3 in each column)
4. 4.
Section 3 – Business Allocation Percentage
Average Values of Property:
1a.1a. In New Jersey (From Section 2, column B, line 4) ..............................................................
1b. Everywhere (From Section 2, column A, line 4) .................................................................. 1b.
1c. Percentage in New Jersey (Divide line 1a by line 1b) ......................................................... 1c. %
Total Receipts From All Sales, Services, and Other Business Transactions:
2a.2a. In New Jersey
......................................................................................................................
2b. Everywhere.......................................................................................................................... 2b.
2c. Percentage in New Jersey (Divide line 2a by line 2b) ......................................................... 2c. %
Wages, Salaries, and Other Personal Compensation Paid During the Year:
3a.3a. In New Jersey
......................................................................................................................
3b. Everywhere.......................................................................................................................... 3b.
3c. Percentage in New Jersey (Divide line 3a by 3b) ................................................................ 3c. %
4. Sum of New Jersey Percentages (Add lines 1c, 2c, and 3c)............................................... 4. %
5. Business Allocation Percentage. (Divide the total on line 4 by 3; if less than 3 fractions,
see instructions)
.................................................................................................................. 5. %
If business activities are carried on both inside and outside
New Jersey, business income may be allocated to deter-
mine the amount of income from New Jersey sources.
Be sure that Form NJ-NR-A is enclosed with Form
NJ-1040NR, NJ-1041, or NJ-1065, and that the name and
address on the Business Allocation Schedule agree ex-
actly with the name and address on the return with which
it is enclosed.
Section 1 – Business Locations
Use Section 1 to list the locations where the business ac-
tivities are conducted. In columns (a) and (b), list the exact
locations at which the business carries on activities both
inside and outside the State. List all business locations. In
column (c), describe the places listed in columns (a) and
(b) (i.e., branch oce, agency, factory, warehouse, etc.).
In column (d), indicate whether the business rents or owns
each location listed. Enclose additional sheets if necessary.
Section 2 – Average Values
Use Section 2 to determine the average values of your
business assets. The average value of property owned is
determined by adding (1) the book value of the property at
the beginning of the tax year and (2) the book value of the
property at the end of the tax year and dividing the sum by
two.
The average value of property rented or leased is valued
at eight times the annual rent. Rent includes any amounts
paid in addition to, or accrued in lieu of, rent for the period
covered by the return (such as interest, taxes, insurance,
and repairs).
Line 1 – Real Property Owned
Column A
Enter on line 1, column A, the average value of the real
property listed in Section 1 that was owned for the period
covered by the return. Include property located both inside
and outside New Jersey.
Column B
Enter on line 1, column B, the average value of the real
property listed in Section 1 that was owned in the State. In-
clude only property located in New Jersey.
Line 2 – Real and Tangible Property Rented
Column A
Enter on line 2, column A, the average value of property,
both real and tangible, that was rented for the period cov-
ered by the return. Include property located both inside and
outside New Jersey.
Column B
Enter on line 2, column B, the average value of property,
both real and tangible, that was rented in the State. Include
only property located in New Jersey.
Line 3 – Tangible Personal Property Owned
Column A
Enter on line 3, column A, the average value of the tangible
personal property that was owned and used in the business
for the period covered by the return. Include property lo-
cated both inside and outside New Jersey.
Column B
Enter on line 3, column B, the average value of the tangible
personal property that was owned and used in the business
in the State. Include only property located in New Jersey.
Line 4 – Totals
Column A
Add lines 1–3 of column A and enter the total on line 4,
column A.
Column B
Add lines 1–3 of column B and enter the total on line 4,
column B.
Section 3 – Business Allocation Percentage
Use Section 3 to determine the business allocation percent-
age that must be applied to business income. The business
allocation percent age must be applied to business income
from all sources in order to determine the amount from New
Jersey sources.
Line 1 – Average Values of Property
Line 1a – In New Jersey
Enter on line 1a the average values of the business prop-
erty in New Jersey from line 4, column B, Section 2.
Line 1b – Everywhere
Enter on line 1b the average values of the business prop-
erty from everywhere (both inside and outside New Jersey)
from line 4, column A, Section 2.
Line 1c – Percentage in New Jersey
Divide the amount on line 1a by the amount on line 1b. The
result will be 100% or less. Enter the result on line 1c.
Line 2 – Total Receipts From All Sales, Services,
and Other Business Transactions
Line 2a – In New Jersey
Enter on line 2a the total of receipts from all sales made,
services performed, and business transactions conducted
in New Jersey during the period covered by the return. This
includes sales made and services performed by partners,
employees, agents, agencies, or independent con tractors
of the business situated at or sent out from, the oces of
the business (or its agencies) located in New Jersey. For
example, if a sales person working out of the New Jersey
oce of the business cov ers the states of New Jersey, New
York, and Pennsylvania, all sales made are to be allocated
to New Jersey and reported on line 2a.
NJ-NR-A Instructions
Line 2b – Everywhere
Enter on line 2b the total of receipts from all sales made,
services per formed, and business transactions conducted
both inside and outside New Jersey during the period cov-
ered by the return.
Line 2c – Percentage in New Jersey
Divide the amount on line 2a by the amount on line 2b. The
result will be 100% or less. Enter the result on line 2c.
Line 3 – Wages, Salaries, and Other Personal
Compensation Paid During the Year
Line 3a – In New Jersey
Enter on line 3a the total of wages, salaries, and other
personal com pensation paid to employees in connection
with operations carried on in New Jersey during the period
covered by the return. Compensation is paid in connection
with operations carried on in New Jersey if work is based in
an oce or other place of business located in New Jersey.
Include only amounts paid to employees on line 3a. Do not
include payments to independent contractors, indepen-
dent sales agents, etc.
Line 3b – Everywhere
Enter on line 3b the total compensation paid to employees
both inside and outside New Jersey during the period cov-
ered by the return. Do not include payments to indepen-
dent contractors, independent sales agents, etc.
Line 3c – Percentage in New Jersey
Divide the amount on line 3a by the amount on line 3b. The
result will be 100% or less. Enter the result on line 3c.
Line 4 – Sum of New Jersey Percentages
Add lines 1c, 2c, and 3c and enter the total on line 4.
Line 5 – Business Allocation Percentage
Divide the total on line 4 by three and enter the result on
line 5. Also enter this percentage on the appropriate line of
the following returns:
• Part III, Form NJ-1040NR;
• Line 16b, Form NJ-1065;
• Schedule D, Form NJ-1041.
If one of the fractions (property, receipts, or payroll) is
missing, the other two percentages are added and the sum
is divided by two. If two of the fractions are missing, the
remaining percentage can be used as the allo cation factor.
A fraction is not missing merely because its numerator is
zero, but is missing if its denominator is zero.
NJ-1065E
2020
New Jersey – Corporate Partner’s
Statement of Being an Exempt Corporation or Maintaining a
Regular Place of Business In New Jersey
PART 1
Entity
Information
EIN Name of Filing Entity
Mailing Address
City State ZIP Code
Person to Contact Telephone Number
PART 2
Partner
Information
Federal EIN Name of Filing Entity
Principal Address
City State ZIP Code
Maintains a Regular Place of Business
By signing this statement, the partner is declaring that it maintains a regular place of business in New Jersey other than a statutory oce and is subject to
the New Jersey Corporation Business Tax in accordance with N.J.S.A. 54:10-1 et seq.
A “regular place of business” is any bona de oce (other than a statutory oce), factory, warehouse, or other space of the partner that is regularly main-
tained, occupied, and used by the partner in carrying on its business and in which one or more regular employees are in attendance. To maintain a place
of business, the partner must either own or rent the premises. That cost must be borne directly by the partner and not by some related entity or person.
List address of at least one such regular place of business in New Jersey:
Failure to list at least one regular place of business will result in the partnership entity remitting a payment of tax on your share of New Jersey income.
By signing this statement, the corporation is declaring that it is exempt from the Corporation Business Tax Act pursuant to N.J.S.A. 54:10A-3.
By signing this statement, the corporate partner is declaring that it is an exempt IRC 501(c)(3) entity.
By signing this statement, the corporate partner is declaring that it is a retirement plan approved by the Internal Revenue Service.
I further understand that this statement:
1. Must be made annually; and
2. Must not be made after the 15th day of the fourth month succeeding the close of the privilege period or after the return has been led, whichever occurs
rst; and
3. Does not relieve the partnership of the requirement to remit tax to the Division on the corporate partner’s behalf if, for any reason, the corporate partner
does not meet the criteria of being an exempt corporation or maintaining a regular place of business in New Jersey; and
4. Requires the corporate partner to notify the partnership and the Division of Taxation immediately in writing if the corporate partner submitted this form to
the partnership in error.
Under penalties of perjury, I declare that I have examined this statement, and to the best of my knowledge and belief, it is true and correct and that
I am properly authorized to sign and make this consent on behalf of:
Name of Entity
Signature of Corporate Ocer and Title, Date
General Partner or Limited Liability Company Member
THIS FORM MAY BE REPRODUCED
AND MUST BE RETAINED BY THE FILING ENTITY
N.J.S.A. 54:10A-3. Exempt corporations
The following corporations shall be exempt from the tax imposed by this act:
(a) Corporations subject to a tax assessed upon the basis of gross receipts, other than the alternative minimum assessment
determined pursuant to section 7 of P.L. 2002, c.40 (C.54:10A-5a), and corporations subject to a tax assessed upon the basis
of insurance premiums collected;
(b) Corporations which operate regular route autobus service within this State under operating authority conferred pursuant to
R.S. 48:4-3, provided, however, that the corporations shall not be exempt from the tax on net income imposed by section 5(c)
of P.L. 1945, c.162 (C.54:10A-5);
(c) Railroad, canal corporations, production credit associations organized under the Farm Credit Act of 1933, or agricultural
cooperative associations incorporated or domesticated under or subject to chapter 13 of Title 4 of the Revised Statutes and
exempt under Subtitle A, Chapter 1F, Part IV, Section 521 of the federal Internal Revenue Code (26 U.S.C. s.521);
(d) Cemetery corporations not conducted for pecuniary prot or any private shareholder or individual;
(e) Nonprot corporations, associations or organizations established, organized or chartered, without capital stock, under the pro-
visions of Title 15, 16 or 17 of the Revised Statutes, Title 15A of the New Jersey Statutes or under a special charter or under
any similar general or special law of this or any other state, and not conducted for pecuniary prot of any private shareholders
or individual;
(f) Sewerage and water corporations subject to a tax under the provisions of P.L. 1940, c.5 (C.54:30A-49 et seq.) or any statute
or law imposing a similar tax or taxes;
(g) Nonstock corporations organized under the laws of this State or of any other state of the United States to provide mutual
ownership housing under federal law by tenants, provided, however, that the exemption hereunder shall continue only so long
as the corporations remain subject to rules and regulations of the Federal Housing Authority and the Commissioner of the
Federal Housing Authority holds membership certicates in the corporations and the corporate property is encumbered by a
mortgage deed or deed of trust insured under the National Housing Act (48 Stat.1246) as amended by subsequent Acts of
Congress. In order to be exempted under this subsection, corporations shall annually le a report on or before August 15 with
the commissioner, in the form required by the commissioner, to claim such exemption, and shall pay a ling fee of $25;
(h) Corporations not for prot organized under any law of this State where the primary purpose thereof is to provide for its share-
holders or members housing in a retirement community as the same is dened under the provisions of the “Retirement Com-
munity Full Disclosure Act,” P.L. 1969, c.215 (C.45:22A-1 et seq.);
(i) Corporations which are licensed as insurance companies under the laws of another state, including corporations which are
surplus lines insurers declared eligible by the Commissioner of Banking and Insurance pursuant to section 11 of P.L. 1960,
c.32 (C.17:22-6.45) to insure risks within this State; and
(j) (1) Municipal electric corporations that were in existence as of January 1, 1995, provided that all of their income is from sales,
exchanges or deliveries of electricity derived from customers using electricity within their municipal boundaries; and (2) Mu-
nicipal electric utilities that were in existence as of January 1, 1995, provided that all of their income is from sales, exchanges
or deliveries of electricity derived from customers using electricity within their franchise area existing as of January 1, 1995.
If a municipal electric corporation derives income from sales, exchanges or deliveries of electricity from customers using the
electricity outside its municipal boundaries, the municipal electric corporation shall be subject to the tax imposed by this act on
all income. If a municipal electric utility derives income from sales, exchanges or deliveries of electricity from customers using
electricity outside its franchise area existing as of January 1, 1995, the municipal electric utility shall be subject to the tax
imposed by the act on all income.
(k) A rural electric cooperative which is exclusively owned and controlled by the members it serves and is subject to the pro-
visions of P.L. 2017, c.297 (C.48:24-1 et al.), provided that all of the cooperative’s income from the sale and distribution of
electricity is derived from sales, exchanges, or deliveries of electricity to members using electricity within its franchise area. If
a rural electric cooperative derives income from sales, exchanges, or deliveries of electricity from customers using electricity
outside its franchise area, that rural electric cooperative shall be subject to the tax imposed by this act on income derived from
those sales, exchanges, or deliveries.
L.1945, c.162, s3; amended 1949, c.236, s.1; 1951, c.130; 1960, c.174, s.1; 1963, c.59; 1967, c.48; 1972, c.211, s.4; 1973, c.275;
1975, c.170, s.1; 1991, c.184, s.22; 1993, c.338; 1997, c.162, s.1; 1998, c.114, s.1; 2002, c.40, s.2; 2017, c.297, s.20
Cut Along Dotted Line
0241900000000000000002012060000000000
Return this voucher with payment to:
Filing Fee on Partnerships
PO Box 642
Trenton, NJ 08646-0642
Enter amount of payment here:
$
, , .
0 0
New Jersey Gross Income Tax Partnership Payment Voucher
For period beginning , 2020 and ending , 20
Make checks payable to “State of New Jersey – PART.”
Write federal ID number and tax year on the check.
Federal Employer ID Number (required)
-
Partnership Name
Mailing Address
City, Town, Post Oce State ZIP Code
NJ-1065-V 2020
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Form 2020: Gross Income Tax NJ-1065 New Jersey (The State of New Jersey)

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Completed 19 February 2021

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