General Instructions For Filing Business Enterprise & Business Profits Taxes Form (Page 2 of 2) in pdf

NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION

GENERAL INSTRUCTIONS FOR FILING BUSINESS ENTERPRISE & BUSINESS PROFITS TAXES (continued)

NEED HELP?

REQUIRED FEDERAL FORMS AND SCHEDULES

Call the Central Taxpayer Services Ofﬁ ce at (603) 271-2191, Monday

A complete and legible copy of the federal income tax return and

through Friday, 8:00 am - 4:30 pm. All written correspondence to

applicable federal forms, consolidating schedules and supporting

the Department should include the taxpayer name, Federal Employer

schedules, must accompany all Business Proﬁ ts Tax (BPT) returns.

Identiﬁ cation Number or Social Security Number, the name of a contact

person and a daytime telephone number.

•

Form NH-1120, Corporation BPT Return must have the

federal Form 1120, pages 1-4 and all other applicable forms

and supporting schedules. Corporations may submit the

NEED FORMS?

consolidating schedules ONLY using a Compact Disc (CD) in a

To obtain additional forms or forms not contained in this booklet, you may

PDF or PDF compatible format.

access our web site at or call the forms line at (603)

•

Form NH-1040, Proprietorship BPT Return must have federal

271-2192. Copies of the state tax forms may also be obtained from any

Form 1040 Schedules C, D, E, F, Form 4562, Form 4797, and

of the 22 Depository Libraries located throughout the State.

Form 6252 if applicable.

•

Form NH-1065, Partnership BPT Return must have federal

ESTIMATED BPT & BET PAYMENTS

Form 1065, pages 1-4 and all other applicable schedules.

Every entity required to ﬁ le a BPT return and/or a BET return must also make

•

Form NH-1041, Fiduciary BPT Return must have federal Form

quarterly estimated tax payments for each individual tax for its subsequent

1041, pages 1-4 and all other applicable schedules.

taxable period, unless the ANNUAL estimated tax for the subsequent

taxable period for each tax individually is less than $200. However, if at

Failure to attach all federal forms and schedules as required shall

the end of any quarter the estimated tax for the year exceeds $200, an

be deemed a failure to ﬁ le a New Hampshire BPT Return and may

estimated tax payment must be ﬁ led. The quarterly estimates are 25% of

subject the taxpayer to penalties.

the estimated tax liability. See the instructions with the Estimated Business

Tax Form for exceptions and penalties for noncompliance.

OTHER REQUIRED FILINGS

REFERENCES TO FEDERAL FORMS

S-corporations which have made actual or constructive distributions

All references to federal tax forms and form lines are based on draft

to its New Hampshire shareholders, partners, or members during the

forms available at the time the state forms were printed. If the federal

year must separately ﬁ le Form DP-9.

line number and description do not match, follow the line description or

contact the Department at (603) 271-2191.

SEPARATE FILING THRESHOLDS

There are different ﬁ ling criteria for the Business Enterprise Tax (BET)

CONFIDENTIAL INFORMATION

and the BPT. You must determine whether or not you are required to

Disclosure of Federal Employer Identiﬁ cation Numbers (FEIN) and

ﬁ le for each tax independent of your ﬁ ling requirement for the other

Social Security Numbers (SSN) is mandatory under N.H. Code of Admin.

tax. IF YOU ARE REQUIRED TO FILE EITHER TAX, THEN YOU

Rules, Rev. 2903.02(c). This information is required for the purpose of

MUST FILE A BUSINESS TAX SUMMARY. THE BUSINESS TAX

administering the tax laws of this state and authorized by 42 U.S.C.S.

SUMMARY VERIFIES AND UPDATES BOTH THE BET AND/OR THE

§ 405 (c) (2) (C) (i).

BPT RETURNS. FAILURE TO FILE A BUSINESS TAX SUMMARY

WILL CONSTITUTE AN INCOMPLETE FILING OF THE BUSINESS

TAX RETURNS.

Tax information which is disclosed to the New Hampshire Department of

Revenue Administration is held in strict conﬁ dence by law. The information

may be disclosed to the United States Internal Revenue Service, agencies

WHEN TO FILE

responsible for the administration of taxes in other states in accordance

Calendar Year: If the business organization ﬁ les its federal return on

with compacts for the exchange of information, and as otherwise authorized

a calendar year basis, then the BET return and/or the BPT return is/

by New Hampshire Revised Statutes Annotated 21-J:14.

are due and must be postmarked NO LATER than the date indicated

on the BPT return.

The failure to provide FEINs and SSNs may result in the rejection of

Fiscal Year: If the business organization ﬁ les its federal return on a

a return or application. The failure to timely ﬁ le a return or application

ﬁ scal year basis, then the business organization must ﬁ le the BET

complete with SSNs may result in the imposition of civil or criminal

return and/or the BPT return based on the same taxable period. The

penalties, the disallowance of claimed exemptions, exclusions, credits,

corporate returns are due and must be postmarked NO LATER than

deductions, or an adjustment that may result in increased tax liability.

the 15th day of the third month following the close of the ﬁ scal period.

The proprietorship, partnership and ﬁ duciary returns are due the 15th

day of the 4th month following the close of the taxable period.

AMENDED RETURNS

If you discover an error on your BET and/or BPT return(s) after ﬁ ling,

For Non-Proﬁ t Organizations: The returns are due and MUST be

amended returns should be promptly ﬁ led by completing a corrected Form

postmarked NO LATER than the 15th day of the ﬁ fth month following

BT-SUMMARY and the appropriate BET and/or BPT returns. You should

the close of the taxable period.

check the “AMENDED” block in STEP 2 on the Business Tax Summary.

EXTENSION TO FILE

AMENDED RETURNS MUST HAVE ALL APPLICABLE SCHEDULES

AND FEDERAL PAGES ATTACHED TO BE DEEMED A COMPLETE

New Hampshire does not require a taxpayer to ﬁ le an application for an

AMENDED RETURN. For changes made by the Internal Revenue Service

automatic 7-month extension of time to ﬁ le provided that the taxpayer

for this year, see STEP 2 on the Business Tax Summary.

has paid 100% of both the BET and the BPT determined to be due by

the due date of the tax.

If you need to amend prior year BET and/or BPT return(s) and you need

forms, you may access our web site at or call the

If you need to make an additional payment in order to have paid 100%

forms line at (603) 271-2192.

of the taxes determined to be due, then you may ﬁ le your payment

on-line at or ﬁ le a payment and application for

You may not ﬁ le an amended return for New Hampshire Net Operating

7 month extension of time to ﬁ le a business tax return, Form BT-EXT.

Loss (NOL) carryback provisions.

The payment must be postmarked or received on or before the original

due date of the return. Failure to pay 100% of the taxes determined

to be due by the original due date may result in the assessment of

ROUNDING OFF

penalties.

Money items on all BET and BPT forms may be rounded off to the nearest

whole dollar.

WHERE TO FILE (FORMS MAY NOT BE FILED BY FAX)

MAIL TO:

NH DRA

FILING SEQUENCE

PO BOX 637

The upper right corner of the NH tax forms indicate the order forms must

CONCORD NH 03302-0637

be placed when ﬁ ling. Copies of the federal tax return and supporting

schedules must follow the NH forms and schedules.

Business Tax Gen. Inst.

[pg 37]

Rev 09/2010

General Instructions For Filing Business Enterprise & Business Profits Taxes Form Page 2

Related Articles

Related forms

Related Categories