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NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION

FORM

CORPORATE BUSINESS PROFITS TAX RECONCILIATION OF

CORP

NEW HAMPSHIRE GROSS BUSINESS PROFITS SCHEDULE R

Schedule R

SEQUENCE #4A

For the CALENDAR year

or other taxable period beginning

and ending

Name

FEIN

This Schedule R shall be used to reconcile the Taxable Income before Net Operating Loss and Special Deductions line of the federal

corporate income tax return filed with the Internal Revenue Service to the federal income calculated using the Internal Revenue

Code (IRC) in effect on December 31, 2000. The revised calculation of federal income shall be used for the New Hampshire's Gross

Business Profits Taxable Income on Line 1(a) of the NH-1120.

Federal Income (Loss) from business activities from return filed with IRS ................................. 1

Additions required to federal income:

(a) IRC Section 179 expense taken on federal return for assets placed in service during

the current taxable period ..................................................................................................... 2(a)

(b) Bonus depreciation on assets acquired and placed in service after September 10, 2001, and

before January 1, 2005 (January 1, 2006 for certain assets)(Federal Form 4562) ........... 2(b)

IRC Section 179 deductions were reported in any taxable period and/or for which

bonus depreciation was reported in any taxable period ...................................................... 2(c)

(d) Other amounts reported on federal return that need to be adjusted due to revisions

to the IRC in effect on December 31, 2000. .......................................................................... 2(d)

(e) Total additions [Sum of Line 2(a) through Line 2(d)] ............................................................. 2(e)

Deductions required from federal income: (The deductions allowed in this section are the

deductions that would be allowed on assets placed in service in 2001 through 2006 using the

IRC in effect pursuant to RSA 77-A.)

(a) IRC Section 179 expense allowed on assets placed in service during the current

taxable period ........................................................................................................................ 3(a)

(b) Current taxable period depreciation allowable for assets for which the bonus

depreciation deductions reported for any taxable period and/or additional IRC Section 179

deductions for any taxable period reported on the federal return ....................................... 3(b)

(d) Total deductions [Sum of Line 3(a) through Line 3(c)] ......................................................... 3(d)

Adjustments required on sale of assets acquired and placed in service after September 10, 2001 and before January 1, 2005

(January 1, 2006 for certain assets) or on which additional IRC Section 179 expense was taken. (The federal calculation of any

gain or loss on the sale of these assets must be adjusted to reflect the different New Hampshire basis for the assets.)

(a) Federal gain (loss) on sale of assets acquired and placed in service after September 10, 2001

and before January 1, 2005 (January 1, 2006 for certain assets) or on which the additional

IRC Section 179 expense was taken .................................................................................... 4(a)

(b) Gross sales price for assets acquired and placed in service after September

10, 2001, and before January 1, 2005 (January 1, 2006 for certain assets) or

on which the additional IRC Section 179 expense was taken, and sold in the

current taxable period .............................................................................. 4(b)

September 10, 2001 and before January 1, 2005 (January 1, 2006 for

certain assets) or on which additional IRC Section 179 expense was

taken, and sold in the current taxable period .......................................... 4(c)

(d) New Hampshire gain (New Hampshire loss) on sale of assets acquired and placed in service

after September 10, 2001 and before January 1, 2005 (January 1, 2006 for certain assets)

on which additional IRC Section 179 expense was taken. [Line 4(b) minus Line 4(c)] ..... 4(d)

(e) Total adjustments for sale of assets [Line 4(d) minus 4(a)] ................................................. 4(e)

Adjusted Taxable Income Line 1 plus Line 2(e) minus Line 3(d) plus Line 4(e) (Enter this

amount on Line 1(a) of your New Hampshire Corporate Business Profits Tax return) .............. 5

This schedule must be attached to your Corporate Business Profits Tax Return and you must check the box on the front of the return indicating

Bonus Depreciation.

Corp

Schedule R

Rev. 10/1/06

Form Corp - Corporate Business Profits Tax Reconciliation Of New Hampshire Gross Business Profits Schedule R

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