New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 300 - BUSINESS PROFITS TAX
Part Rev 307 - RETURNS, DECLARATIONS, AND EXTENSIONS
Section Rev 307.02 - Corporate Returns and Declarations

Universal Citation: NH Admin Rules Rev 307.02

Current through Register No. 13, March 27, 2025

(a) Regular corporations, except S corporations, qualified subchapter S subsidiaries, members of a combined group conducting a unitary business, and members of an affiliated group filing a federal consolidated income tax return, shall:

(1) Report their business activity by completing and filing Form NH-1120; and

(2) Attach a clear and legible copy of pages one through 5 and federal Form 1125-A of the federal corporation income tax return as filed with the United States Internal Revenue Service with schedules supporting totals included on any specific line of such federal return.

(b) S corporations and qualified subchapter S subsidiaries, except members of a combined group conducting a unitary business, shall:

(1) Report their business activity by completing and filing Form NH-1120 accompanied by Form DP-120, "Computation of S Corporation Gross Business Profits", schedule showing the adjustments required by Rev 302.01;

(2) Attach a clear and legible copy of pages one through 5 and federal Form 1125-A of the federal income tax return as filed with the United States Internal Revenue Service with schedules supporting totals included on any specific line of such federal return.

(c) Regular corporations, except members of a combined group, that are members of an affiliated group filing a federal consolidated return shall:

(1) Comply with the uniform standards for forms described in Rev 2904.08;

(2) Report their business activity by completing and filing Form NH-1120 accompanied by a schedule adjusting the "separate taxable income" as that term is used in Treasury Regulation 1.1502-12 to the taxable income of a separate nonaffiliated corporation;

(3) Attach a clear and legible copy of pages one through 5 and federal Form 1125-A of the federal consolidated income tax return with the consolidating schedules as filed with the United States Internal Revenue Service; and

(4) Attach a federal Form 851 to the return.

(d) Associations or other business organizations, except members of a combined group conducting a unitary business, required to file a federal corporate tax return shall:

(1) Report their business activity using Form NH-1120; and

(2) Attach a clear and legible copy of pages one through 5 of the federal corporation income tax return as filed with the United States Internal Revenue Service with schedules supporting totals included on any specific line of such federal return.

(e) Single member limited liability companies required to complete and file a corporate business profits tax return under the provision of Rev 307.01(g) (2) shall attach a clear and legible copy of pages one through 5 of the federal corporate income tax return as filed with the United States Internal Revenue Service and detailed schedules for each entity supporting totals included on any specific line of such federal return.

(f) Corporate business organizations required to pay estimated taxes as provided in RSA 77-A:6, II shall complete and file Form NH-1120-ES, "Estimated Corporate Business Tax" quarterly payment form with payment on or before the 15th day of the fourth, sixth, ninth and twelfth months of the taxable period to which they relate.

#2012, eff 5-5-82; ss by #2722, eff 5-23-84; ss by #4192, eff 12-23-86; ss by #5490, eff 10-19-92; amd by #6179, eff 1-30-96; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06

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