The New Jersey Tax Court found that a limited partner, which was also a foreign corporation, was not a mere passive investor with no nexus with New Jersey. Further, this taxpayer was not entitled to the preferential tax treatment offered to investment companies under the corporation business tax (CBT). CBT had been assessed on the […]
The post Limited Partner Had Business Tax Nexus With New Jersey appeared first on Tax & Accounting Blog.
Powered by WPeMatico