- Mandatory Unitary Combined Reporting Guidance: The New Jersey Division of Taxation on October 17 issued TB-93, which provides guidance on the application of the unitary business principle in determining a combined group under New Jersey’s new MUCR regime.
- NOL Guidance: The New Jersey Division of Taxation on October 25 released TB-94 to provide guidance for taxpayers on the calculation and use of net operating losses following recent statutory changes. In the bulletin, the Division notes that this guidance is only for taxpayers filing a separate return for New Jersey purposes. Guidance addressing combined return filers will be published in a separate bulletin.