New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 900 - INTEREST AND DIVIDENDS TAX
Part Rev 902 - RESIDENCY AND TAXABILITY OF SPECIAL ENTITIES
Section Rev 902.08 - Accounting Method For Determination of Accumulated Profits
Current through Register No. 12, March 21, 2024
(a) Corporate organizations, including S corporations, shall compute the amount of their accumulated profits in conformity with the provisions of the Internal Revenue Code of 1986, as amended, for the calculation of earnings and profits.
(b) Partnerships, limited liability companies, associations or trusts composed of transferable shares may elect to continuously calculate their accumulated profits in a manner:
(c) The partnership, limited liability company, association or trust shall maintain records showing:
(d) If an organization does not maintain records showing the calculation of accumulated profits and a distribution is made to the shareholders or interest holders, the department shall presume there are adequate accumulated profits to treat the distribution as a dividend.
(e) The accumulated profits of a partnership shall be reduced by the amount of compensation paid to the partners and deducted under RSA 77-A:4 if the partnership's accounting records provide evidence as to:
(f) The accumulated profits of a limited liability company taxed as a partnership or proprietorship shall be:
#6321, eff 8-22-96; ss by #8137, eff 8-10-04); ss by #9658, eff 2-24-10; ss by #9843, eff 12-23-10 (see Revision Note at chapter heading for Rev 900); ss by #10211, eff 10-24-12