Step 1
Corporations ending business in New Jersey can dissolve, cancel, or withdraw online. Go to njportal.com/dor/annualreports and select
“Close a Business.” Businesses that choose to complete a paper application must submit all of the following:
• Appropriate dissolution/withdrawal/cancellation form. The corporate structure determines the proper form; and
• Application for Tax Clearance Certicate (Form A-5088-TC); and
• Payment of $120 ($95 dissolution fee and $25 tax clearance certicate application fee); and
• Estimated Summary Tax Return (Form A-5052-TC) with schedules completed on an estimated basis for the current period,
along with the required adavit and a separate payment for any taxes due (see Estimated Summary Tax Return below).
Note: Taxpayers that are included as members on a combined Corporation Business Tax (CBT) return are not required to report
and/or remit an estimated CBT liability. The taxpayer will certify that they are currently ling and will be ling as part of a com-
bined return up to the date of dissolution or withdrawal and provide the name of the managerial member of the combined return
along with their NU ling number.
Corporations ling by paper have the following options for submitting documents and payments:
By mail: New Jersey Division of Revenue and Enterprise Services
Business Liquidations
PO Box 308
Trenton, NJ 08625-0308
Over-the-counter or by courier:
New Jersey Division of Revenue and Enterprise Services
33 West State Street, 5th oor
Trenton, NJ 08608
Attn: Business Liquidations
Estimated Summary Tax Return (Form A-5052-TC). For Schedule I of the Estimated Summary Tax Return, estimate entire net
income from the day following the last accounting period for which the return is required to be led to the proposed date dissolution,
cancellation, or withdrawal will be completed. Include all prots from the sale or exchange of capital or other assets if required to be
reported for federal income tax purposes. If certain gains or income are not recognized for federal income tax purposes, submit proof of
compliance with federal requirements. Submit copies of federal Forms 966, 1120, and any other required schedule or data. In addition,
provide a copy of corporate minutes authorizing dissolution with liquidation and distribution of assets or a copy of the plan of liquidation
if not included in the corporate minutes.
The Estimated Summary Tax Return must be accompanied by a deposit payment unless the application is submitted with an Assump-
tion of Tax Liability for all taxes due. The Assumption of Tax Liability must be executed by a domestic corporation or a foreign corpora-
tion authorized to do business in New Jersey that meets one or more of the following requirements:
1. A corporation that owns 50% or more of the applicant’s outstanding shares of capital stock; or
2. A corporation that has purchased or is about to purchase all, or substantially all, of the applicant’s assets; or
3. A corporation that has a net worth not less than 10 times the amount of all taxes paid by the applicant corporation during the last
complete year in which it led tax returns with the State of New Jersey. The assuming corporation must attach to the assumption
a balance sheet as of the end of its last accounting period along with a notarized statement that there has been no subsequent
decrease in the assuming corporation’s net worth.
Note: The assumption of liability by a corporation qualifying under 1 or 2 above must be accompanied by an opinion by an
attorney-at-law of the State of New Jersey, who states they are familiar with the facts of the transaction and that the require-
ments for the exception have been met.
Step 2
The corporation must le returns for all years and/or periods for all its taxes (Corporation Business Tax, Sales and Use Tax, Gross
Income Tax withheld, etc.) for which returns were due but not led, and pay any amounts due.
Step 3
If all tax obligations have been satised, the Division of Taxation issues a Tax Clearance Certicate for the corporation to the Division
of Revenue and Enterprise Services. The eective date of the dissolution is the date the Division of Revenue and Enterprise Services
receives the Tax Clearance Certicate.
Step 4
Final returns (Corporation Business Tax, Sales and Use Tax, Gross Income Tax withheld, etc.) must be led within 30 days of the date
of dissolution or withdrawal or within 30 days of the Division’s online ling system becoming available for the nal period. The returns
will show actual gures and cover the current accounting and/or reporting periods to the legal date of dissolution or withdrawal. No
separate entity CBT return is required for members included in a combined CBT group ling.
FAILURE TO COMPLY WITH THE ABOVE WILL RESULT IN FORFEITURE OF ALL FEES.
A-5033-TC
4-22
State of New Jersey
Department of the Treasury
Division of Taxation
Procedure for Dissolution, Cancellation, or Withdrawal