Form Changes Summary - Summary Of Changes & Common Problem Areas

FORM

NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION

CHANGES

SUMMARY OF CHANGES & COMMON PROBLEM AREAS

SUMMARY

NEW

For a summary of NH legislative changes affecting tax laws, please refer to TIR 2007-004.

E-FILE

Access e-file at to make your Business Profits Tax, Business Enterprise Tax, Meals and Rentals Tax or Interest and Dividends

Tax estimates, extensions, returns, and tax notice payments on-line.

BT SUMMARY STEP 2 - QUESTIONS MUST BE ANSWERED

Failure to answer questions in STEP 2 of the BT-Summary may result in inquiries from the Department which MAY generate late filing penalties.

BUSINESS ENTERPRISE TAX FILING THRESHOLDS

$150,000

$75,000

The filing threshold for the Business Enterprise Tax is

of gross business receipts from business activity everywhere or

the enterprise value tax base.

BUSINESS PROFITS TAX FILING THRESHOLDS

$50,000

The filing threshold for Business Profits Tax is gross business income in excess of

from business activity everywhere.

REPORTING CHANGES MADE BY THE INTERNAL REVENUE SERVICE (IRS)

To report changes made by the Internal Revenue Service (IRS) taxpayers must file the appropriate Report of Change (ROC) Form for each taxable

period included in the Revenue Agents Report as finally determined. Forms may be obtained by accessing the forms page of our web site at

or by contacting the forms line at (603) 271-2192. You may contact the Department at (603) 271-2191 with any questions.

REQUIRED FEDERAL TAX RETURN AND/OR SCHEDULES

Be sure to include all required federal forms with your New Hampshire return, and check the appropriate boxes in STEP 2, Return Type. Corporations

may submit the consolidating and supporting schedules ONLY using a Compact Disc (CD) in a PDF or PDF compatible format.

SEQUENCING

All state forms which are required to be filed with the return have a sequencing number in the upper right-hand corner. Please place the forms that

you are required to file in sequential order when assembling your return.

AVAILABILITY OF FORMS

Copies of the state tax forms may be obtained from our web site at or by visiting any of the 22 Depository Libraries located

throughout the State or from our forms line at (603) 271-2192. The New Hampshire State Publication Depository Library program, established by RSA

202-B, guarantees that information published by state agencies, including tax forms, laws and rules, are available to all citizens of the state through

local libraries. Libraries participating in the Depository program, where copies can be made for a fee, are:

Bedford Public Library, Bedford - 603-472-2300

Concord Public Library, Concord - 603-225-8670

Dartmouth College, Baker Library, Hanover - 603-646-2704

Derry Public Library, Derry - 603-432-6140

Fiske Free Library, Claremont - 603-542-7017

Franklin Public Library, Franklin - 603-934-2911

Keene State College, W.E. Mason Library, Keene - 603-358-2711

Kelley Library, Salem - 603-898-7064

Laconia Public Library, Laconia - 603-524-4775

Law Library, Supreme Court, Concord - 603-271-3777

Littleton Public Library, Littleton - 603-444-5741

Manchester City Library, Manchester - 603-624-6550

Nashua Public Library, Nashua - 603-589-4600

New England College, Danforth Library, Henniker - 603-428-2344

New Hampshire State Library, Concord - 603-271-2397

New Hampshire Technical College, Berlin - 603-752-1113

Peterborough Town Library, Peterborough - 603-924-8040

Plymouth State College, Herbert Lamson Library, Plymouth - 603-535-2258

Portsmouth Public Library, Portsmouth - 603-427-0011

Southern New Hampshire University - Shapiro Library, Manchester - 603-645-9605

St. Anselm College, Geisel Library, Manchester - 603-641-7306

University of New Hampshire, Diamond Library, Durham -603-862-1535

* COMMON FILING ERRORS *

BET/BPT-PROP

INTEREST AND DIVIDENDS

BET/BPT-CORP

Taxpayer fails to sign the return.

Taxpayer fails to sign the return. When filing a

Both taxpayers, if filing a joint return, must sign the

joint return, both taxpayers must sign the return

Failure to reconcile to Federal income.

return on the appropriate lines.

on the appropriate lines.

Failure to include Schedule R.

Failure to complete BT-Summary, Step Two.

Failure to code income on Line 4.

Nontaxable

Taxpayer must check yes or no for BET and BPT

Failure to report estimate or extension payments

income must be coded on Page 2, Line 4 on

filing requirements.

and credit carryover on the return.

Interest & Dividend tax return.

Failure to include all Federal Schedules.

Form number sequence not followed for business

Failure to include page 2. Both pages 1 and 2 of

Failure to apportion. Apportionment is required

return.

when business is conducted both within and

the return must be filed to be considered complete.

Attachments not in order.

without New Hampshire see BET-80 and DP-80.

Failure to provide correct tax identification

Failure to complete BT-Summary, Step Two.

Failure to reconcile Federal income using Schedule R.

numbers. Taxpayers must provide complete and

Taxpayer must check yes or no for BET and BPT

Failure to submit a complete amended return. All

filing requirements.

correct tax identification numbers.

amended returns must include all appropriate

schedules, Federal and NH.

Failure to include all Federal Schedules. The return

Failure to report estimate or extension payments

is incomplete unless all appropriate schedules are

Failure to report estimate or extension payments

and credit carryover on the return. Taxpayer

included.

and credit carryover on the return.

must report estimate or extension payments and

Taxpayer must report estimate or extension

credit carryover payments as previously

Failure to submit a complete amended return. All

payments and credit carryover payments.

amended returns must include all appropriate

reported.

schedules, Federal and NH.

CHANGES

SUMMARY

Rev. 09/2007

Form Changes Summary - Summary Of Changes & Common Problem Areas - 2007

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