Schedule G-2 - Claim For Exceptions To Disallowed Interest And Intangible Expenses And Costs Page 4

Download a blank fillable Schedule G-2 - Claim For Exceptions To Disallowed Interest And Intangible Expenses And Costs in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Schedule G-2 - Claim For Exceptions To Disallowed Interest And Intangible Expenses And Costs with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

NAME AS SHOWN ON RETURN
FEDERAL ID NUMBER
SCHEDULE G-2 PART I
EXCEPTIONS TO THE ADDBACK OF INTEREST
Exception 3 - Interest Paid, Accrued, or Incurred to Related Corporations Filing in New Jersey
If claiming this exception for more than one related member, complete Exception 3 for each related member and enter the total for all related members in the
Total Exceptions Chart.
Name of Related Member: ______________________________________________________________________________________________________
FID # of Related Member: _______________________________________________________________________________________________________
Fiscal Period of Related Member: ________________________________________________________________________________________________
1. Was any interest expense included in Schedule G, Part I if this return, directly or indirectly paid, accrued or incurred to the above related member and
included in a New Jersey CBT-100, CBT-100S, or BFC-1 filed by the related member?
“Yes” or “No” _______________________. If “Yes”, answer question 2. If “no”, you do not qualify for this exception.
2. Was the tax liability reported on the related member’s New Jersey CBT-100, CBT-100S, or BFC-1 greater than the statutory minimum tax?
“Yes” or “No” _______________________. If “Yes”, complete the following schedule. If “no”, you do not qualify for this exception.
Column B
Column A
Related Member
Taxpayer
1. Enter in column A and column B the amount of interest claimed by the taxpayer as
being deductible . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Enter entire net income of related member from line 1, page 1 of New Jersey CBT-
100, CBT-100S, or BFC-1 return. IF THE AMOUNT ON LINE 2 IS ZERO OR LESS,
STOP HERE. THE EXCEPTION AMOUNT TO BE ENTERED ON LINE 8 IS ZERO,
OTHERWISE PROCEED TO LINE 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Enter the lesser of line 1, column B or line 2, column B . . . . . . . . . . . . . . . . . . . . . . . .
4. Enter the respective allocation factors from line 2, page 1 of the New Jersey CBT-100,
CBT-100S, or BFC-1 return. If non-allocating, then enter 1.00 . . . . . . . . . . . . . . . . . .
5. Multiply line 1 by line 4 for column A and line 3 by line 4 for column B. Enter the result
here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Enter the respective tax rates used to compute line 9 of the New Jersey CBT-100 or
BFC-1 or line 4 of CBT-100S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. Multiply line 5 by line 6 and enter the result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Exception 3 amount - if line 7, column B is greater than line 7, column A, enter the
amount from line 1, column A, otherwise divide the amount on line 7, column B by line
6, column A, and then divide that result by line 4, column A. Enter result here and on
line 3 of the Total Exceptions Chart for Part I. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exception 4 - Interest Paid, Accrued, or Incurred to an Independent Lender
1. Was any interest listed on Schedule G, Part I of the New Jersey CBT-100, CBT-100S, or BFC-1 return directly or indirectly paid, accrued or incurred to an
independent lender? “Yes” or “No” _______________________.
2. Is the debt upon which the interest is required guaranteed by the taxpayer filing this return? Yes” or “No” _______________________.
If “Yes” is checked for both questions 1 and 2, complete the chart below. If “No” is checked for either question 1 or 2, you do not qualify for this exception.
Name of Independent Lender
Amount of Indebtedness
Amount Deducted
(a) Total - enter here and on line 4 of the Total Exceptions Chart for Part I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A copy of the loan agreement evidencing the guarantee of the debt by the taxpayer must also be submitted with this return
Total Exceptions Chart for Part I
1. Exception 1 - Enter amount from line (a) of Schedule G-2, Part I, Exception 1 . . . . . . . . . . . . . . . . . . . . . . .
2. Exception 2 - Enter amount from line 9 of Schedule G-2, Part I, Exception 2 . . . . . . . . . . . . . . . . . . . . . . . .
3. Exception 3 - Enter amount from line 8 of Schedule G-2, Part I, Exception 3 . . . . . . . . . . . . . . . . . . . . . . . .
4. Exception 4 - Enter amount from line (a) of Schedule G-2, Part I, Exception 4 . . . . . . . . . . . . . . . . . . . . . . .
5. Total Part I Exceptions - Add lines 1, 2, 3 and 4. Enter total here an on line (b) of Schedule G, Part I . . . .

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Schedule G-2 - Claim For Exceptions To Disallowed Interest And Intangible Expenses And Costs For Taxable Years Ending On Or After July 31, 2007 Schedule G-2 - Claim For Exceptions To Disallowed Interest And Intangible Expenses And Costs For Taxable Years Ending On Or After July 31, 2007 Financial
Schedule G-2 - New Jersey Corporation Business Tax - Claim For Exceptions To Disallowed Interest And Intangible Expenses And Costs Schedule G-2 - New Jersey Corporation Business Tax - Claim For Exceptions To Disallowed Interest And Intangible Expenses And Costs Financial
Shedule G-2 - Claim For Exeptions To Disallowed Interest And Intangible Expenses And Costs - New Jersey Corporation Business Tax Shedule G-2 - Claim For Exeptions To Disallowed Interest And Intangible Expenses And Costs - New Jersey Corporation Business Tax Financial
Schedule G-2 Part I&ii - Exceptions To The Addback Of Interest Expenses, Exceptions To The Addback Of Intangible Expenses And Costs Schedule G-2 Part I&ii - Exceptions To The Addback Of Interest Expenses, Exceptions To The Addback Of Intangible Expenses And Costs Financial
Schedule G-2 Template - Exceptions To The Addback Of Interest Schedule G-2 Template - Exceptions To The Addback Of Interest Financial
Schedule G - Fuel Seller's Supplement To Sales And Use Tax Return Form - 2006 Schedule G - Fuel Seller's Supplement To Sales And Use Tax Return Form - 2006 Financial
Schedule G - Fuel Seller's Supplement To Sales And Use Tax Return Schedule G - Fuel Seller's Supplement To Sales And Use Tax Return Financial
Schedule Q, Form 1066 - Quarterly Notice To Residual Interest Holder Schedule Q, Form 1066 - Quarterly Notice To Residual Interest Holder Financial
Schedule Q (form 1066) - Quarterly Notice To Residual Interest Holder Of Remic Taxable Income Or Net Loss Allocation Schedule Q (form 1066) - Quarterly Notice To Residual Interest Holder Of Remic Taxable Income Or Net Loss Allocation Financial
Schedule Q (form 1066) - Quarterly Notice To Residual Interest Holder Of Remic Taxable Income Or Net Loss Allocation Schedule Q (form 1066) - Quarterly Notice To Residual Interest Holder Of Remic Taxable Income Or Net Loss Allocation Financial

Related Categories

Parent category: Financial
Download
Go
Page of 5