Business & farm

Thanks very much for your reply. Mine is single member SCorp. The NJ BAIT tax payment is made by SCorp after registering at NJ  Pass Thru BAIT.  

However as the BAIT enables owners of PTEs to reduce their federal taxable income by remitting this entity-level tax on its New Jersey-sourced income, where in 1120S this payment should be shown? As State Taxes paid?