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FORM

NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION

BUSINESS TAX

GENERAL INSTRUCTIONS FOR FILING BUSINESS TAX RETURNS

Gen. Inst.

S-CORP

New Hampshire treats subchapter “S” corporations as if they were “C” corporations. All S-corporations are required to complete

FILERS

Form DP-120. Returns filed without a Form DP-120 will be incomplete and may be returned to the taxpayer. S-corporations who

make actual distributions to New Hampshire resident shareholders are required to file Form DP-9 separately from the return.

Single Member Limited Liability Companies (SMLLC) shall use form DP-200 to apply for a New Hampshire Department of Revenue

SINGLE

Administration assigned identification number. This form shall be filed at least 30 days prior to the filing of any other tax related

MEMBER

document. SMLLC’s are required by New Hampshire law to file a tax return even though the SMLLC does NOT file a separate

LIMITED

federal tax return. A Department of Revenue Administration assigned number is needed in order to process these non-federal tax

LIABILITY

returns.

COMPANIES

ALL SMLLC's MUST USE THE DEPARTMENT IDENTIFICATION NUMBER (DIN) WHEN FILING ANY AND ALL TAX RELATED

DOCUMENTS.

Your Department assigned number shall be used in place of the member's federal number. When filing all future

documents, the Department Identification Number shall be entered wherever federal employer identification numbers

or social security numbers are required.

Every entity required to file a Business Profits Tax return and/or a Business Enterprise Tax return must also make quarterly estimated

ESTIMATED

tax payments for each individual tax for its subsequent taxable period, unless the ANNUAL estimated tax for the subsequent taxable

BPT & BET

period for each tax individually is less than $200. However, if at the end of any quarter the estimated tax for the year exceeds $200,

PAYMENTS

an estimated tax payment must be filed. The quarterly estimates are 25% of the estimated tax liability. See the instructions with the

Estimated Business Profits Tax Form for exceptions and for penalties for noncompliance.

All Business Profits Tax returns must be accompanied by a complete and legible copy of the federal income tax return or other

ATTACH

appropriate federal forms, consolidating schedules and supporting schedules. The corporate return must have the federal form 1120,

FEDERAL

pages 1, 2, 3 and 4 and all schedules. The proprietorship return must have federal schedules C, D, E, F, Form 4797 and Form 6252,

SCHEDULES/

if applicable. The partnership return must have the federal form 1065 and applicable schedules. The fiduciary return must have the

FORMS

federal form 1041, pages 1, 2, 3 and 4, and applicable schedules. Failure to attach all federal schedules as required shall be deemed

a failure to file a New Hampshire return and may subject the taxpayer to penalties.

CONFIDENTIAL

Disclosure of federal employer identification numbers and social security numbers is mandatory under New Hampshire Department

INFORMATION

of Revenue Administration rules 203.01, 221.02, 221.03. This information is required for the purpose of administering the tax laws

of this state and authorized by 42 U.S.C.S. § 405 (c) (2) (C) (i).

Tax information which is disclosed to the New Hampshire Department of Revenue Administration is held in strict confidence by law.

The information may be disclosed to the United States Internal Revenue Service, agencies responsible for the administration of

taxes in other states in accordance with compacts for the exchange of information, and as otherwise authorized by New Hampshire

Revised Statutes Annotated 21-J:14.

The failure to provide federal employer identification numbers and social security numbers may result in the rejection of a return or

application. The failure to timely file a return or application complete with social security numbers may result in the imposition of civil

or criminal penalties, the disallowance of claimed exemptions, exclusions, credits, deductions, or an adjustment that may result in

increased tax liability.

If you discover an error was made on your BET and/or BPT return(s) after they were filed, amended returns should be promptly filed

AMENDED

by completing a corrected Form BT-SUMMARY and the appropriate BET and/or BPT returns. You should check the “AMENDED” block

RETURNS

in STEP 2 on the Business Tax Summary. AMENDED RETURNS MUST HAVE ALL APPLICABLE SCHEDULES AND FEDERAL

PAGES ATTACHED TO BE DEEMED A COMPLETE AMENDED RETURN. For changes made by the Internal Revenue Service for this

year, please see STEP 2 on the Business Tax Summary.

If you need to amend prior year BET and/or BPT return(s), please call the forms Line at (603) 271-2192.

You may not file an amended return for New Hampshire Net Operating Loss (NOL) carryback provisions.

All references to federal tax forms and form lines are based on draft forms available at the time the state forms were printed. If the

REFERENCES

federal line number and description do not match, follow the line description or contact the Department at (603) 271-2186.

TO FEDERAL

FORMS

ROUNDING

Money items on all Business Enterprise Tax and Business Profits Tax forms may be rounded off to the nearest whole dollar.

OFF

FILING

Please file the applicable schedules in the following order sequence: BT-Summary, BET, BET-80, BPT return (NH-1120, NH-1065,

SEQUENCE

NH-1040, or NH-1041) DP-80, DP-2210/2220, DP-132, DP-160, DP-120, and then the appropriate federal pages.

Call the Taxpayer Assistance Office at (603) 271-2186, Monday through Friday, 8:00 am - 4:30 pm. All written correspondence to the

NEED HELP

Department should include the taxpayer name, federal employer identification number or social security number, the name of a

contact person and a daytime telephone number.

NEED FORMS

To obtain additional forms or forms not contained in this booklet, please call (603) 271-2192. Copies of the state tax forms may also

be obtained from our web site at or by visiting any of the 21 Depository Libraries located throughout the

State.

TDD ACCESS

Hearing or speech impaired individuals may call: TDD Access: Relay NH 1-800-735-2964.

Business Tax

Gen. Inst.

Rev. 12/01

Form Business Tax - General Instructions For Filing Business Tax Returns - 2001, Form Nh-1120 - Corporation Business Profits Tax Return - 2002,etc Page 2

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