New Hampshire Proprietorship or Jointly Owned Property Business

Proprietorship or Jointly Owned Property Business 
nh-1040-es-2023.pdf
New Hampshire
Department of
Revenue Administration

2023
NH-1040-ES

ESTIMATED PROPRIETORSHIP BUSINESS TAX
1

BET (a)

ESTIMATED TAX BASE AND/OR TAXABLE BUSINESS PROFITS

BPT (b)

(a) BET Taxable Base After Apportionment
(b) New Hampshire Taxable Business Profits After Apportionment
2 TAX
(a) Line 1(a) x .0055
(b) Line 1(b) x .075
3 CREDITS
(a) RSA 162-L:10 (CDFA Investment Tax Credit)
(b) RSA 162-N (Economic Revitalization Zone Tax Credit)
(c) RSA 162-P (Research & Development Tax Credit)
(d) RSA 162-Q (Coos County Job Creation Tax Credit)
(e) RSA 77-G (Education Tax Credit)
(f) RSA 400-A (Insurance Tax Credit)
(g) RSA 77-A:5, X (BET Credit)
(h) RSA 188-E:9-a (CTE Centers Tax Credit)
(i) RSA 21-I:103 (Granite State Paid Family and Medical Leave Plan
Tax Credit)
(j) Total Credits (Sum of Lines 3(a) through 3(i))
4 ESTIMATED TAX FOR THE CURRENT YEAR (Line 2 minus Line 3(j))
5 OVERPAYMENT FROM PREVIOUS TAXABLE PERIOD
6 BALANCE OF BUSINESS TAXES DUE (Line 4 minus Line 5)

COMPUTATION AND RECORD OF PAYMENTS
Date Paid

BET

Amount of Each Installment
(1/4 of Line 6 above)

Total Due
BPT

(BET and/or BPT)

Calendar
Year Dates

1

April 15, 2023

2

June 15, 2023

3

Sept. 15, 2023

4

Dec. 15, 2023

IMPORTANT
THE PENALTY PROVISIONS OF RSA 21-J:32 WILL APPLY
IF THE ESTIMATE REQUIREMENTS HAVE NOT BEEN MET

NH-1040-ES 2023
Version 1.3 07/2022

FILE ONLINE AT GRANITE TAX CONNECT
www.revenue.nh.gov/gtc

New Hampshire
Department of
Revenue Administration

2023
NH-1040-ES

1040ES2311862

ESTIMATED PROPRIETORSHIP BUSINESS TAX - Payment Form 1
MMDDYYYY

MMDDYYYY
For the CALENDAR year 2023 or other taxable period beginning:

and ending:

Proprietor's Last Name

First Name

Taxpayer Identification Number

MI

Social Security Number

If issued a DIN, use the DIN in
the appropriate taxpayer
identification box.
DO NOT enter SSN or FEIN

Limited Liability Company

Number & Street Address

Address (continued)

State

City / Town

Zip Code + 4 (or Canadian Postal Code)

DO NOT CUT. SUBMIT THIS ENTIRE PAGE.

FILE ONLINE AT GRANITE TAX CONNECT
www.revenue.nh.gov/gtc
Or mail to:
NH DRA
PO Box 1265
Concord NH 03302-1265

Make Check Payable to:
STATE OF NEW HAMPSHIRE
Enclose, but do not staple or tape your payment
to this estimate.

1/4 BET

1

1/4 BPT

2

Amount of
Payment

3

DO NOT FILE A $0 ESTIMATE

NH-1040-ES 2023
Version 1.3 07/2022

New Hampshire
Department of
Revenue Administration

2023
NH-1040-ES

1040ES2311862

ESTIMATED PROPRIETORSHIP BUSINESS TAX - Payment Form 2
MMDDYYYY

MMDDYYYY
For the CALENDAR year 2023 or other taxable period beginning:

and ending:
Taxpayer Identification Number

Proprietor's Last Name

First Name

MI

Social Security Number

If issued a DIN, use the DIN in
the appropriate taxpayer
identification box.
DO NOT enter SSN or FEIN

Limited Liability Company

Number & Street Address

Address (continued)

State

City / Town

Zip Code + 4 (or Canadian Postal Code)

DO NOT CUT. SUBMIT THIS ENTIRE PAGE.

FILE ONLINE AT GRANITE TAX CONNECT
www.revenue.nh.gov/gtc
Or mail to:
NH DRA
PO Box 1265
Concord NH 03302-1265

Make Check Payable to:
STATE OF NEW HAMPSHIRE
Enclose, but do not staple or tape your payment
to this estimate.

1/4 BET

1

1/4 BPT

2

Amount of
Payment

3

DO NOT FILE A $0 ESTIMATE

NH-1040-ES 2023
Version 1.3 07/2022

New Hampshire
Department of
Revenue Administration

2023
NH-1040-ES

1040ES2311862

ESTIMATED PROPRIETORSHIP BUSINESS TAX - Payment Form 3
MMDDYYYY

MMDDYYYY
For the CALENDAR year 2023 or other taxable period beginning:

and ending:
Taxpayer Identification Number

Proprietor's Last Name

First Name

MI

If issued a DIN, use the DIN in
the appropriate taxpayer
identification box.
DO NOT enter SSN or FEIN

Social Security Number

Limited Liability Company

Number & Street Address

Address (continued)

State

City / Town

Zip Code + 4 (or Canadian Postal Code)

DO NOT CUT. SUBMIT THIS ENTIRE PAGE.

FILE ONLINE AT GRANITE TAX CONNECT
www.revenue.nh.gov/gtc
Or mail to:
NH DRA
PO Box 1265
Concord NH 03302-1265

Make Check Payable to:
STATE OF NEW HAMPSHIRE
Enclose, but do not staple or tape your payment
to this estimate.

1/4 BET

1

1/4 BPT

2

Amount of
Payment

3

DO NOT FILE A $0 ESTIMATE

NH-1040-ES 2023
Version 1.3 07/2022

New Hampshire
Department of
Revenue Administration

2023
NH-1040-ES

1040ES2311862

ESTIMATED PROPRIETORSHIP BUSINESS TAX - Payment Form 4
MMDDYYYY

MMDDYYYY
For the CALENDAR year 2023 or other taxable period beginning:

and ending:

Proprietor's Last Name

First Name

Taxpayer Identification Number

MI

If issued a DIN, use the DIN in
the appropriate taxpayer
identification box.
DO NOT enter SSN or FEIN

Social Security Number

Limited Liability Company

Number & Street Address

Address (continued)

State

City / Town

Zip Code + 4 (or Canadian Postal Code)

DO NOT CUT. SUBMIT THIS ENTIRE PAGE.

FILE ONLINE AT GRANITE TAX CONNECT
www.revenue.nh.gov/gtc
Or mail to:
NH DRA
PO Box 1265
Concord NH 03302-1265

Make Check Payable to:
STATE OF NEW HAMPSHIRE
Enclose, but do not staple or tape your payment
to this estimate.

1/4 BET

1

1/4 BPT

2

Amount of
Payment

3

DO NOT FILE A $0 ESTIMATE

NH-1040-ES 2023
Version 1.3 07/2022

New Hampshire
Department of
Revenue Administration

2023
NH-1040-ES

ESTIMATED
PROPRIETORSHIP
BUSINESS TAX

INSTRUCTIONS
Who Must Pay Estimated Tax
Every entity required to file a Business Profits Tax (BPT) return and/or Business Enterprise Tax (BET) return must also make estimated tax payments for each individual tax
for its subsequent taxable period, unless the annual estimated tax for the subsequent taxable period is:
• less than $200 for Business Profits tax.
• less than $260 for Business Enterprise tax.

Where to Make Payments
Make estimated tax payments online at Granite Tax Connect www.revenue.nh.gov/gtc or mail to NH DRA, PO Box 1265, Concord, NH 03302-1265.
When to Make Payments Note: If the 15th falls on a Saturday, Sunday, or legal holiday, the estimated tax payment is due on the next business day.
CALENDAR YEAR FILERS:
1st quarterly estimated tax payment is due April 15, 2023
2nd quarterly estimated tax payment is due June 15, 2023
3rd quarterly estimated tax payment is due September 15, 2023
4th quarterly estimated tax payment is due December 15, 2023
FISCAL YEAR FILERS:
A quarterly estimated tax payment is due on or before the 15th day of the 4th, 6th, 9th, and 12th months of the taxable period to which the
estimated tax payment relates.
FISCAL YEAR FILERS MUST ENTER THE TAX PERIOD ON EACH ESTIMATED TAX PAYMENT FORM.
Payment of Estimated Tax
Estimated tax may be paid in full with the initial declaration, or in installments on the required quarterly due dates. If paying in full, only one payment form is required.
By utilizing Granite Tax Connect at www.revenue.nh.gov/gtc, you may authorize the Department of Revenue Administration (DRA) to automatically withdraw estimate
payments from your account electronically. Simply specify each date for which you would like a payment to be withdrawn from your account and each payment will be
withdrawn on those dates.
Underpayment of Estimated Tax Penalty
A penalty may be imposed under RSA 21-J:32 for an underpayment of estimated taxes if the payments are less than 90% of that tax period's tax liability. If estimated tax
payments are not made on time, even if 90% of the tax is eventually paid, an underpayment penalty may be assessed. If an estimated tax payment is missed, send the
payment as soon as possible to reduce any penalty. This penalty will not be imposed if any of the statutory exceptions are met. See "Exceptions to the
Underpayment of Estimated Tax Penalty" below.
Exceptions to the Underpayment of Estimated Tax Penalty
The underpayment of estimated tax penalty shall not apply if you meet one of the exceptions provided in RSA 21-J:32. Use Form DP-2210/2220 to determine whether
you have met one of the exceptions or to compute the amount of the penalty associated with the underpayment of estimated tax. This form may be obtained from our
website www.revenue.nh.gov or by calling the Forms Line at (603) 230-5001.
Note BET Filing Thresholds Changed
Please note for taxable periods ending on or after December31, 2022, the filing thresholds for the Business Enterprise Tax have increased to:
• Gross business receipts in excess of $250,000 (from $222,000)
• Enterprise value tax base greater than $250,000 (from $111,000)
Note BPT Filing Thresholds Changed
Please note for taxable periods ending on or after December 31, 2022, the filing threshold for the Business Profits Tax has increased to:
• Gross business receipts in excess of $92,000 (from $50,000)
Need Help?
Questions not covered here may be answered in our “Frequently Asked Questions” available on our website at www.revenue.nh.gov or by calling Taxpayer Services at
(603) 230-5920, Monday through Friday, 8:00 am to 4:30 pm. All written correspondence to the Department should include the taxpayer name, taxpayer identification
number, the name of a contact person and a daytime telephone number. Individuals who need auxiliary aids for effective communications in programs and services of
the New Hampshire Department of Revenue Administration are invited to make their needs and preferences known. Individuals with hearing or speech impairments
may call TDD Access: Relay NH 1-800-735- 2964.
Mandatory Electronic Payments
RSA 21-J:3, XXI requires taxpayers who had a tax liability in the prior tax year of $100,000 or more to make payment electronically. Pursuant to RSA 21-J:33, III, a failure to
comply with the electronic payment requirements under RSA 21-J:3, XXI, will result in a penalty equal to 5% of the amount of tax due not to exceed $5,000. This penalty
is in addition to any other penalty that may be applicable and shall be assessed, collected, and paid in the same manner as taxes. The penalty in this paragraph shall not
apply if failure to pay electronically was due to reasonable cause and not willful neglect of the taxpayer.

NH-1040-ES 2023
Version 1.3 07/2022