DanielV01
Expert Alumni

State tax filing

I'm not familiar with New Jersey Business returns or tax; however, on New Jersey personal returns, income that is reported to both New Jersey and another state will be doubled-up, creating much higher tax amounts.  My recommendation is to double-check your entries, and if any income is reported to both New Jersey and another state, to make sure that the correct boxes have been checked to remove out-of-state income so no double-up occurs.  

 

Also, double-check New Jersey Business taxation laws to be sure that no other tax increases or similar have occurred that explains the difference you are seeing.

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