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 307.03 - Partnership Returns and Declarations

Universal Citation: NH Admin Rules Rev 307.03

Current through Register No. 13, March 27, 2025

(a) Partnerships or other business organizations that are required to file a federal partnership return, except members of a combined group conducting a unitary business, shall:

(1) Report their business activity by completing and filing Form NH-1065, accompanied by Form DP-120-P, "Computation of Partnership Gross Business Profits"; and

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

(b) Partnerships not required under United States procedures to file a partnership return or that report their pro-rata share of the partnership's income or expense on their own federal individual return shall:

(1) File the business activity of the partnership at the partnership level on Form NH-1065, accompanied by a completed Form DP-120-P; and

(2) Attach a clear and legible copy of the schedules included in the partner's individual federal income tax return.

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

(d) Partnership business organizations required to pay estimated taxes as provided in RSA 77-A:6, II shall complete and file Form NH-1065-ES "Estimated Partnership Business Tax" quarterly payment form with payment on or before the 15th day of the fourth, sixth, ninth and twelfth month of the taxable period to which they relate.

#2012, eff 5-5-82; ss by #2722, eff 5-23-84; amd by 4007, eff 2-28-86; ss by #4192, eff 12-23-86; ss by #5490, eff 10-19-92; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06

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