Instructions For Form Nj-1080-C - Income Tax - Nonresident Composite Return - 2012 Page 6
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6COMPLETING FORM NJ-1080-C: INSTRUCTIONS FOR PROFESSIONAL ATHLETIC TEAMS
Line 8 - Wages, salaries, tips and other employee compensation -
• Credit, if any, applied from the team’s 2011 Composite return.
Enter on this line the combined amount of wages that was paid by the
Credit will not be given on the composite return for estimated tax
team to the participating athletes as a result of duty days spent in
payments made on an individual basis by any of the participating
New Jersey during the tax year.
nonresident athletes during the tax year.
Line 22 - Tax Paid on Partners Behalf by Partnership - Enter “0”
Lines 9 through 16 - Enter “0” (zero) on each of these lines.
(zero) on Line 22.
Line 17 - Total New Jersey Taxable Income - Enter on Line 17 the
Line 23 - Total Payments/ Credits - Enter on Line 23 the total of
total of lines 8 through 16.
Lines 20, 21, and 22.
Line 24 - Amount Due - If Line 19 is more than Line 23, there is a
Line 18 - Tax - Compute the tax by multiplying the amount on Line
balance due. If you are enclosing Form NJ-2210, the amount of the
17 by 6.37% in Column A or 8.97% in Column B.
check should also include interest, if any, calculated for the
underpayment of estimated tax. Make your check for the total
Line 19 - Total Tax - Enter on Line 19 the total of Line 18, Column
amount payable to “State of New Jersey - TGI.”
A and Line 18, Column B.
Line 25 - Overpayment - If Line 19 is less than Line 23, there is an
Line 20 - Total New Jersey Tax Withheld - Enter on Line 20 the
overpayment.
total New Jersey income tax withheld.
Line 26 - Refund - Enter on Line 26 the amount from Line 25
Line 21 - Estimated Payments/Credit from 2011 Composite
(Overpayment) that you want refunded to the team.
Return - Enter on Line 21 the total of:
• Estimated tax payments, if any, made by the team for 2012.
Line 27 - Credit to 2013 Taxes - Subtract Line 26 (Refund) from
Line 25 (Overpayment). Enter the result on Line 27. This is the
• Amount, if any, paid to qualify for an extension of time to file.
amount that will be credited to the 2013 composite tax liability.
INSTRUCTIONS FOR SCHEDULES A, B and C
SCHEDULE A
number. Indicate each participant’s share of New Jersey taxable
income and the amount of New Jersey gross income tax liability
PARTICIPANT DIRECTORY-Total Income Less Than $250,000
List all participants with income of less than $250,000 each. Be
calculated at the rate of 8.97%. Attach additional sheets if necessary.
sure to include their name, principal address and social security
Total Taxable Income This Page. Enter the total of the taxable
number. Indicate each participant’s share of New Jersey taxable
income amounts for all participants on this page.
income and the amount of New Jersey gross income tax liability
_____ Additional Pages Attached. Enter the number of attached
calculated at the rate of 6.37%. Attach additional sheets if necessary.
pages.
Total Taxable Income This Page. Enter the total of the taxable
Total Taxable Income All Pages (Carry to Line 17, Column B).
income amounts for all participants on this page.
Enter the total of the taxable income amounts for all participants listed
___ Additional Pages Attached. Enter the number of attached
on every Schedule B page.
pages.
_____ Additional Pages Attached. Enter the number of attached
Total Taxable Income All Pages (Carry to Line 17, Column A).
pages.
Enter the total of the taxable income amounts for all participants listed
Total NJ Income Tax All Pages (Carry to Line 18, Column B).
on every Schedule A page.
Enter the total of the tax computed for all participants listed on every
___ Additional Pages Attached. Enter the number of attached
Schedule B page.
pages.
Any composite return which is filed on behalf of 25 or more
Total NJ Income Tax All Pages (Carry to Line 18, Column A).
participants (on Schedule A and Schedule B combined) must be
Enter the total of the tax computed for all participants listed on every
filed on diskette or re-writable CD.
See page 7 for general
Schedule A page.
diskette or re-writable CD specifications.
A composite return, Form 1080C, must be paper-filed. The
SCHEDULE C
directory information for a composite return filed on behalf of 25 or
NONPARTICIPANT DIRECTORY
more participants (on Schedule A and Schedule B combined) MUST
List all members of the filing entity, including partnerships and
be submitted on diskette or re-writable CD.
corporations, which have not elected to or are not qualified to
participate in the composite return. Be sure to include each members
SCHEDULE B
name, principal address, social security number or EIN, and taxable
PARTICIPANT DIRECTORY-Total Income Greater Than or
income. Attach additional sheets if necessary.
Equal to $250,000
If Schedules A and B are required to be submitted on diskette
List all participants with income of $250,000 or more each. Be
or re-writable CD because there are 25 or more participants,
sure to include their name, principal address and social security
Schedule C must also be submitted on diskette or re-writable CD.
INSTRUCTIONS FOR COMPLETING FORM NJ-1080-E
Every qualified nonresident who wishes to participate in a composite return must read and complete Form NJ-1080-E (or a form substantially
similar thereto), and return it to the filing entity. Form NJ-1080-E must be completed and returned to the filing entity no later than April 16
following the close of the tax year. The election to participate cannot be revoked after April 16.
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