Get Of The Business Tax Summary Form . If You Have ... - Revenue Nh

Filing the Business Tax Summary Form is crucial for understanding your tax liabilities as a business entity in New Hampshire. This guide provides clear, step-by-step instructions to help you accurately complete the form and ensure compliance with state regulations.

Follow the steps to successfully fill out the form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the business's name and federal employer identification number at the top of the form. If applicable, provide the beginning and ending dates of your taxable period instead of using the default calendar year.
3. Compute the Enterprise Value Tax Base by filling out lines 1, 2, and 3 with the appropriate amounts. Line 1 refers to dividends paid, line 2 to compensation and wages paid or accrued, and line 3 to interest paid or accrued. Sum the amounts to calculate the Enterprise Value Tax Base on line 4.
4. Figure your tax by multiplying the value obtained in line 4 by 0.0050 to find the New Hampshire Business Enterprise Tax amount on line 5.
5. If applicable, enter any Community Development Finance Authority Credit on line 6, ensuring that the amount claimed does not exceed certain thresholds.
6. Calculate the Business Enterprise Tax Balance Due by subtracting line 6 from line 5 on line 7. If the result is negative, enter 0.
7. Enter the amount from line 7 on line 1(a) of the Business Tax Summary Form and ensure all required documentation is attached.

Complete your documents online to ensure a smooth filing process.