Package X - New Hampshirebusiness Tax Forms

NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION

BUSINESS TAX SUMMARY INSTRUCTIONS

Line 4(a) INTEREST: Interest is calculated on the balance of tax due

STEP 1: NAME, ADDRESS, SOCIAL SECURITY OR

from the original due date to the date paid at the applicable

FEDERAL EMPLOYER IDENTIFICATION NUMBER

rate listed below. Enter result on Line 4(a).

At the top of the return enter the beginning and ending dates of the

Number of days Daily rate decimal equivalent Tax Due (Line 3) Interest due

taxable period if different from the calendar year.

NOTE: The interest rate is recomputed each year under the provisions

PRINT the taxpayer’s name, address, taxpayer identiﬁ cation number

of RSA 21-J:28, II. Applicable rates are as follows:

[Social Security Number (SSN), Federal Employer Identiﬁ cation Number

(FEIN), or Department Identiﬁ cation Number (DIN)] and principal business

PERIOD

RATE

DAILY RATE DECIMAL

activity code in the spaces provided.

EQUIVALENT

1/1/2011 - 12/31/2011

.000164

Enter spouse’s name and SSN in the spaces provided for separate

1/1/2010 - 12/31/2010

.000164

proprietorship only. SSNs are required pursuant to the authority granted

1/1/2009 - 12/31/2009

.000192

by 42 U.S.C.S., Section 405. Wherever SSNs or FEINs are required,

1/1/2008 - 12/31/2008

10%

.000273

taxpayers who have been issued a DIN, shall use their DIN only, and

1/1/2007 - 12/31/2007

10%

.000274

not SSN or FEIN.

Contact the Department for applicable rates for any other tax periods.

STEP 2: RETURN TYPE AND FEDERAL INFORMATION

Line 4(b) FAILURE TO PAY: A penalty equal to 10% of any nonpayment

Check the Yes or No box to indicate if you are required to ﬁ le a Business

or underpayment of taxes shall be imposed if the taxpayer fails to pay

Enterprise Tax (BET) Return. Enterprises with more than $150,000 of

the tax when due. If the failure to pay is due to fraud, the penalty shall

gross business receipts from all their activities or an enterprise value

be 50% of the amount of the nonpayment or underpayment.

tax base of more than $75,000 are required to ﬁ le a BET Return with

this Business Tax Summary Form. The BET is a 0.75% tax assessed

Line 4(c) FAILURE TO FILE: A taxpayer failing to timely ﬁ le a

on the taxable enterprise value tax base, after special adjustments

complete return may be subject to a penalty equal to 5% of the tax

and apportionments, the BET is the sum of all compensation paid or

due or $10, whichever is greater, for each month or part thereof that the

accrued, interest paid or accrued, and dividends paid by the business

return remains unﬁ led or incomplete. The total amount of this penalty

shall not exceed 25% of the balance of tax due or $50, whichever is

enterprise.

greater. Calculate this penalty starting from the original due date of the

return until the date a complete return is ﬁ led.

Check the Yes or No box to indicate if you are required to ﬁ le a Business

Proﬁ ts Tax (BPT) Return. Businesses carrying on business activity within

Line 4(d) UNDERPAYMENT PENALTY: If Line 1(a) or 1(b) is more than

NH are subject to BPT unless they have $50,000 or less of gross business

$200 you were required to ﬁ le estimated BPT and/or BET payments

income from all their activities. The BPT is an 8.5% tax assessed on taxable

during the taxable period. To calculate your penalty for nonpayment or

business proﬁ ts from conducting business activity within NH.

underpayment of estimates, or to determine if you qualify for an exception

from ﬁ ling estimates payments, complete and attach Form DP-2210/2220.

Use only one Form DP-2210/2220 to calculate the underpayment of

Check the entity type which corresponds to your organizational

estimated taxes for both the Business Enterprise and Business Proﬁ ts

structure. In the case of a Limited Liability Company (LLC), check the

Taxes. Form DP-2210/2220 may be obtained from our web site at www.

tax classiﬁ cation that corresponds to the federal return used to report

nh.gov/revenue or by calling (603) 271-2192.

the income and deductions to the IRS.

Check the AMENDED RETURN box if this is the second (or additional)

Line 4

Enter the total of Lines 4(a) through 4(d).

Business Tax Summary that has been ﬁ led for any ONE tax period. Check

Line 5(a) Enter total of Line 3 and Line 4 for subtotal of amount due.

the FINAL RETURN box only when the business organization has ceased

Line 5(b) Enter the amount of payments made electronically for this

to exist or no longer has business activity in New Hampshire.

return only. Any extension or estimate payments made

electronically should be included on Lines 2(a) and 2(b).

Line 5

Enter the amount of Line 5(a) minus Line 5(b). This is the

Check the box if the IRS has made adjustments to your federal income

tax return that have not been previously reported to New Hampshire.

balance due.

Enter the taxable periods examined by the IRS on the line provided. To

Make check or money order payable to: STATE OF NEW

report IRS adjustments you must submit the Report of Change (ROC)

HAMPSHIRE. If less than $1.00, do not pay, but still ﬁ le the

form under separate cover. These and other forms are available on our

return(s). Enclose, but do not staple or tape, your

payment with the Form BT-SUMMARY and attachments.

web site at or call (603) 271-2192.

To ensure the check is credited to the proper account,

put your SSN, FEIN OR DIN on the check.

STEP 3: COMPLETE THE BET AND/OR BPT RETURNS

Line 6

If the total tax (Line 1) plus interest and penalties (Line 4) is

AND THEN THE BUSINESS TAX SUMMARY.

less than the payments [(Line 2) plus Line 5(b)] then you

have overpaid. Enter the amount overpaid.

STEP 4: FIGURE YOUR BALANCE DUE OR

Line 7

The taxpayer has an option of applying any or all of the

OVERPAYMENT

overpayment as a credit toward next year’s tax liability.

Enter the desired credit on Line 7(a). The remainder, if any,

Line 1(a) Enter the amount of your BET net of statutory credits.

which will be refunded, should be entered on Line 7(b). If

Line 1(b) Enter the amount of your BPT net of statutory credits.

Line 7(a) is not completed, the entire overpayment will be

refunded.

Line 1

Enter the sum of Lines 1(a) and 1(b).

Line 2(a) Enter the amount paid with application for extension, Form

STEP 5: SIGNATURE & POA'S

BT-EXT. Include extension payments made electronically.

Line 2(b) Enter estimated payments to be applied to this taxable period.

The Form BT-SUMMARY and return(s) must be dated and signed in ink

Include estimate payments made electronically.

by the taxpayer or authorized agent.

Line 2(c) Enter the prior tax period overpayment that was carried

If you are ﬁ ling a joint return, then both you and your spouse or authorized

forward to this taxable period.

agent must sign and date the return, in ink.

Line 2(d) When ﬁ ling an AMENDED RETURN, enter the amount of

payment remitted with the original Business Tax Summary.

If the return was completed by a paid preparer, then the preparer must

Line 2

Enter the total of Lines 2(a) through 2(d).

also sign and date the return in ink. The preparer must also enter their

Federal Employer Identiﬁ cation Number (FEIN), Social Security Number

Line 3

Enter the amount of Line 1 minus Line 2. Show a negative

(SSN), or Federal Preparer Tax Identiﬁ cation Number (PTIN) and their

amount with parenthesis, e.g., ($50).

complete address. By checking the POA box, the taxpayer authorizes

Line 4

Additions to tax are calculated on the individual taxes.

the staff of the DRA to discuss this return with the preparer listed on the

Complete the following calculations to determine the

front of the return. This is a limited POA for this return only. The

amount due, if applicable, for each line.

Department may request a completed Form DP-2848 for discussion of

any other tax period or matter.

BT-SUMMARY Instructions

[pg 38]

Rev 09/2010

Package X - New Hampshirebusiness Tax Forms - 2010 Page 5

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