New Hampshire Business Profits Tax Apportionment Schedule Instru
Extracted from PDF file 2023-new-hampshire-dp-80-instructions.pdf, last modified November 2022Business Profits Tax Apportionment Schedule Instru
New Hampshire Department of Revenue Administration 2023 DP-80 BUSINESS PROFITS TAX APPORTIONMENT GENERAL INSTRUCTIONS WHO MUST APPORTION A business organization must apportion its income if: Its business activities are conducted both inside and outside New Hampshire; AND The business organization is subject to a net income tax, franchise tax based upon net income, or capital stock tax in another state, or is subject to the jurisdiction of another state to impose a net income tax or capital stock tax upon it, whether or not actually imposed by the other state. See RSA 77-A:3. INCOME SUBJECT TO APPORTIONMENT The Business Profits Tax law, RSA 77-A, does not contain a provision differentiating between business and non-business income. All income constitutes business income subject to apportionment unless specifically excluded by RSA 77-A. CONFIDENTIAL INFORMATION Tax information disclosed to the New Hampshire Department of Revenue Administration is held in strict confidence by law. The information may be disclosed to the United States Internal Revenue Service, agencies responsible for the administration of taxes in other states in accordance with compacts for the exchange of information, and as otherwise authorized by RSA 21-J:14. TAXPAYER IDENTIFICATION The Commissioner of the Department of Revenue is authorized pursuant to RSA 21-J:27-a to require submission of an SSN, FEIN, or any other identifying number used in filing or preparing federal tax documents. If you do not have any such identifying number, or share one with another taxpayer, then, under Rev 2903.01, you must obtain a Department Identification Number (DIN). If you have a DIN, use it on all New Hampshire filings. To ensure that your filings and payments are applied to the correct account, the sequence of names and taxpayer ID numbers on all filings must be consistent. The failure to provide a taxpayer identification number may result in the rejection of filed documents. Failure to timely file documents complete with a consistent taxpayer identification number may result in the imposition of penalties and interest, the disallowance of claimed exemptions, exclusions, credits, deductions, or an adjustment that may result in increased tax liability. NEED FORMS? To obtain additional forms, you may visit our website at www.revenue.nh.gov or call the Forms Line at (603) 230-5001. NEED HELP? Call the Department of Revenue Administration, Taxpayer Services at (603) 230-5920. Individuals with hearing or speech impairments may call TDD Access: Relay NH 1-800-735-2964. DP-80 Instructions 2023 Version 1 12/2023 Page 1 of 2 New Hampshire Department of Revenue Administration 2023 DP-80 BUSINESS PROFITS TAX APPORTIONMENT LINE-BY-LINE INSTRUCTIONS NAME AND TAXPAYER IDENTIFICATION NUMBER Enter taxpayer's name and identification number in the spaces provided. Enter the beginning and ending dates of the taxable period. ROUNDING OFF Money items on all BET and BPT forms shall be rounded off to the nearest whole dollar. Business organizations included in a combined group must eliminate all intercompany transactions with other members of the unitary group from both the numerator and the denominator. Business organizations that have flow through items should not include those items in their apportionment factors. LINE 1 - SALES/RECEIPTS FACTOR The sales/receipt factor includes, but may not be limited to sales less returns and allowances; dividends which are not eligible for the dividend deduction under RSA 77-A:4, or the factor relief provided in RSA 77-A:3, II(b); interest, rents and royalties; capital gain income; net gains or losses; and other income unless the item is property includible as a reduction of an expense or allowance. Refer to RSA 77-A:3 and Rev 304.041 for additional information. LINE 1(a) Enter "Everywhere" sales. LINE 1(b) Enter "New Hampshire" sales. Do not leave this line blank. If zero, enter zero. LINE 1(c) Divide 1(b) by 1(a) (express as a decimal to six places). This is your New Hampshire Apportionment. LINE 2 - PAYROLL FACTOR The payroll factor is the total compensation consisting of wages, salaries, commissions, and other forms of remuneration paid during the taxable period to employees for personal services. Employee benefits should not be included in the payroll factor. Do not include payments to independent contractors where no employer/ employee relationship exists. Refer to RSA 77-A:3, Rev 304.03, and Rev 308.04 for additional information. LINE 2(a) Enter "Everywhere" payroll. LINE 2(b) Enter "New Hampshire" payroll. LINE 2(c) Divide 2(b) by 2(a) (express as a decimal to six places). LINE 3 - PROPERTY FACTOR The property factor includes all real and tangible personal property owned, rented, and employed by the business organization during the tax period in the regular course of its trade or business. Leasehold improvements are treated as property owned by the business organization. Other tangible assets should be listed separately under 3(a) and 3(b). Refer to RSA 77-A:3, Rev 304.02, and Rev 308.04 for additional information. "Real and tangible personal property" includes land, buildings, improvements, equipment, merchandise or manufacturing inventories, leasehold improvements and other similar property that reflects the organization's business activities. Property shall be included in the property factor if it is actually used, available for use or capable of being used during the taxable period in the regular course of trade or business of the organization. Property or equipment under construction during the taxable period, except inventory of goods in process, shall be excluded from the factor until such property is actually used or available for use by the business organization in its regular trade or business. Valuation of owned property: Property owned by the business organization must be valued at its original cost. “Original cost” is the basis of the property for federal income tax purposes at the time of acquisition, prior to any federal adjustments, and adjusted by subsequent sale, exchange, abandonment, etc. Inventory is included in the property factor in accordance with the valuation method used for federal income tax purposes. Valuation of rented property: Property rented by a business organization is valued at 8 times the net annual rental rate. The net rental rate is the annual rental rate paid by the business organization less any annual rental rate received by the business organization from sub-rentals. Average value of owned property: The beginning and ending cost of owned property is used to determine the average cost for the property factor. Where fluctuations in values exist during the period or where property is acquired or disposed of during the period, a monthly average shall be used to prevent distortions if the combined monthly averages are 25% greater or lesser than the property factor computed using the beginning and ending average. “Beginning of Period” means the start of the tax period or when the assets are available for use. LINE 3(a) Enter "Everywhere" property. LINE 3(b) Enter "New Hampshire" property. LINE 3(c) Divide 3(b) by 3(a) (express as a decimal to six places). DP-80 Instructions 2023 Version 1 12/2023 Page 2 of 2
dp-80-instructions-2022 Draft.pdf
More about the New Hampshire DP-80 Instructions Corporate Income Tax TY 2023
We last updated the Business Profits Tax Apportionment Schedule Instru in January 2024, so this is the latest version of DP-80 Instructions, fully updated for tax year 2023. You can download or print current or past-year PDFs of DP-80 Instructions directly from TaxFormFinder. You can print other New Hampshire tax forms here.
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TaxFormFinder has an additional 51 New Hampshire income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New Hampshire DP-80 Instructions.
Form Code | Form Name |
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Form DP-80 | Business Profits Tax Apportionment Schedule |
View all 52 New Hampshire Income Tax Forms
Form Sources:
New Hampshire usually releases forms for the current tax year between January and April. We last updated New Hampshire DP-80 Instructions from the Department of Revenue Administration in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of New Hampshire DP-80 Instructions
We have a total of eight past-year versions of DP-80 Instructions in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
dp-80-instructions-2022 Draft.pdf
dp-80-instructions-2022 Draft.pdf
dp-80-instructions-2020.pdf
dp-80-instructions2015v1-1.pdf
dp-80-instructions2015v1-1.pdf
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