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NIT PAC Procurement Technical Assistance Center New Client Business Profile Form Please FAX this form to: (973) 5965501 Bob Brown Newark (973) 5965805 Rachel PintouriNEWARK (973) 5965806 Sherry Rose
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NJIT-PTAC New is a reporting form required by the New Jersey Division of Taxation for businesses to report certain transactions with related entities.
Any business entity that has related party transactions exceeding $50,000 in a tax year is required to file NJIT-PTAC New.
NJIT-PTAC New can be filled out online through the New Jersey Division of Taxation's website or by submitting a paper form by mail.
The purpose of NJIT-PTAC New is to prevent tax avoidance and ensure that related party transactions are reported accurately.
Information such as the names of related parties, description of transactions, amounts involved, and the nature of the relationship between the parties must be reported on NJIT-PTAC New.
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