How should S-Corporations and Partnerships report their profits?

Unlike federal tax requirements for Trenton income tax purposes profits of S-Corporations and Partnerships are not passed through to shareholders or individual partners for inclusion in their individual returns (in most cases). An exception to this rule is a resident partner involved in a non-resident partnership, which isn’t taxed (report on Form IR). S-Corporations and Partnerships must report and pay the Trenton income tax as a business using Form BR (business return).

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1. Does a business have to file a return?
2. How should S-Corporations and Partnerships report their profits?
3. What income should an Incorporated business report?
4. What income should an Unincorporated (sole proprietor) business report?
5. How is Taxable income determined for businesses?
6. How are net operating losses treated?
7. Can I combine reporting for more than one unincorporated Trenton business on a single tax return?