Form Nh-1120 - Corporation Business Profits Tax Return 2002
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1FORM
NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION
SEQUENCE # 4
NH-1120
CORPORATION BUSINESS PROFITS TAX RETURN
2001
For the CALENDAR year
or other taxable period beginning
and ending
Mo
Day
Year
Mo
Day
Yea
Due Date for CALENDAR year filers is on or before March 15, 2002 or the 15th day of the 3rd month after the close of the taxable period.
YOU ARE REQUIRED TO FILE THIS FORM IF GROSS BUSINESS INCOME WAS GREATER THAN $50,000.
STEP 1
FEDERAL EMPLOYER IDENTIFICATION NUMBER
NAME OF CORPORATION
Please
Print or
Type
STEP 2
A
Is the corporation filing its tax return on an IRS approved 52/53 week tax year? ....................................... Yes ______
No _______
Ques-
B
Does the corporation file with the IRS as part of a federal consolidated return? ........................................ Yes ______
No _______
tions
C
Is this corporation affiliated with any other business organization that files business tax returns with this
Yes
department? Please identify by name and FEIN:
No
D
Does the corporation file as part of a unitary group in any other jurisdiction? ............................................ Yes ______
No _______
E
Is this a “combined” business profits tax return? ............................................................................................
Yes ______
No _______
If the answer to “E” is yes, do not complete this return. You must file a NH-1120-WE return. Please call (603) 271-2192 to
request a copy of the Business Tax Booklet for Combined Groups or down load the forms from our web site at
STEP 3
1 Gross Business Profits
Special Depreciation
Figure
See TIR 2002-002
(a) Taxable income (loss) before net operating loss deduction and special
Your
1(a)
Taxes
deductions
.................................................
(Attach copy of federal return)
(b) Separate entity or passive loss limitation adjustments..........................
1(b)
(c) NH Gross Business Profits [Combine Line 1(a) and Line 1(b)]
1(c)
(I
....................................................
f negative, show in parenthesis. See worksheet for Net Operating Loss, NOL, provisions)
2 Additions and Deductions
(a)
Add back income taxes or franchise taxes measured by income
2(a)
.......................................................................
(Attach schedule of taxes by state)
(
)
2(b)
(b) NH Net Operating Loss Deduction
..............................
(Attach Form DP-132)
(
)
2(c)
(c) Interest on direct US Obligations .........................................................
(
)
2(d)
(d) Wage adjustment required by I.R.C. Section 280C ...............................
(
)
2(e)
(e) Deductible dividends
...........................................................................
(f)
Income exempt under federal constitutional law, net of related
(
)
2(f)
expenses ............................................................................................
(g) Distribution from joint venture or partnership subject to NH taxation
2(g)
................................................
(Attach schedule: Name, FEIN and amount distributed)
(h) Foreign dividend gross-up (I.R.C. Section 78)......................................
2(h)
(
)
(i)
Research contribution
...............
(See RSA 77-A:4 XII. Attach computation)
2(i)
(
)
(
)
2(j)
(j)
Contributions made to a Qualified Investment Capital Company............
2(k)
(k) Add back return of capital from Qualified Investment Capital Company.
(l)
Combine Lines 2(a) through 2(k).
..................................................................
2(l)
If negative, show in parenthesis
3
3 Adjusted Gross Business Profits (Line 1(c) adjusted by Line 2(l). If negative, show in parenthesis)...
4
4 New Hampshire Apportionment (Attach Form DP-80)........................................................................
•
5
5 New Hampshire Taxable Business Profits (Line 3 x Line 4. If negative, enter zero.).......................
6
6 New Hampshire Business Profits Tax
Line 5 x 8.5%
......................................................................
(
)
STEP 4
7
Figure
7 Credits allowed under RSA 77-A:5 (Attach Form DP-160) .......................................................................
Your
Credits
8
8 Subtotal (Line 6 less Line 7) ....................................................................................................................
9
9 Business Enterprise Tax Credit
...............................................................................................................
.
10 Business Enterprise Tax Credit to be applied against Business Profits Tax
10
(Enter the lesser of Line 8 or Line 9) .......................................................................................................
11
11 NH Business Profits Tax Net of Statutory Credits (Line 8 less Line 10. IF NEGATIVE, ENTER ZERO.)....
ENTER THE AMOUNT FROM LINE 11 ON LINE 1(b) OF THE BT-SUMMARY FORM.
IF YOU HAVE COMPLETED THIS RETURN IT MUST BE FILED WITH THE BT-SUMMARY.
NH-1120
Rev. 4/02
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