New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 300 - BUSINESS PROFITS TAX
Part Rev 302 - COMPUTATION OF GROSS BUSINESS PROFITS
Section Rev 302.14 - Reasonable Compensation for Employees of a Corporation
Universal Citation: NH Admin Rules Rev 302.14
Current through Register No. 13, March 27, 2025
(a) Reasonable compensation for an employee of a corporation shall follow IRC section 162 and related federal authority in determining the gross business profits of a corporation.
(b) The business organization shall be allowed to deduct reasonable compensation to an owner employee in determining the gross business profits of a corporation or other organization permitted a federal compensation deduction for any owner employee in arriving at its gross business profits.
#6853, eff 9-23-98; ss by #8709, eff 8-25-06 (formerly Rev 302.12)
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