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New Hampshire Free Printable BET for 2024 New Hampshire Business Enterprise Tax Return

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Business Enterprise Tax Return
BET

Print Form 2023 BET New Hampshire Department of Revenue Administration Reset Form *000BET2311862* 000BET2311862 BUSINESS ENTERPRISE TAX RETURN Taxpayer Name Taxpayer Identification Number For the CALENDAR year 2023 or other taxable period beginning: MMDDYYYY You are required to file this return if the gross business receipts were greater than $281,000 or the enterprise value tax base is greater than $281,000. MMDDYYYY and ending: Check here if required to file Form BET-80 Round to the nearest whole dollar Total Gross Business Receipts for this business organization 1. Dividends Paid 1 2. Compensation and Wages Paid or Accrued 2 3. Interest Paid or Accrued 3 4. Taxable Enterprise Value Tax Base (Sum of Lines 1, 2, and 3) 4 5. New Hampshire Business Enterprise Tax (BET) (Line 4 multiplied by .0055) before credits 5 6. Enter credits against BET. Use DP-160 to determine credit against BET 6 7. Enter Tax Due (Line 5 minus 6). If negative, enter Zero. Report on BT-SUMMARY Line 1(a) TAX DUE 7 BET RETURN INSTRUCTIONS FORM BET is required for all Corporations, Partnerships, Proprietorships, Fiduciaries, Trusts, Non-Profits, LLCs, and Combined Groups to report Business Enterprise Tax. TAXABLE PERIOD, NAME, AND TAXPAYER IDENTIFICATION NUMBER Enter the beginning and ending dates of the taxable period. Enter the Corporate, Partnership, Proprietorship, Fiduciary, Trust, Non-Profit, or LLC name in the appropriate space provided. Combined filers enter the Principal New Hampshire Business Organization's name. Enter the FEIN, SSN, or DIN in the space provided. TAXPAYER IDENTIFICATION The Commissioner of the Department of Revenue is authorized pursuant to RSA21:J27-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 N.H. Code of Admin. Rules, 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. BET RETURN 2023 Version 1 07/2023 Page 1 of 2 New Hampshire Department of Revenue Administration 2023 BET BET RETURN INSTRUCTIONS CONTINUED Enter the "Total Gross Business Receipts for this business organization," which is the total of all income for federal income tax purposes from whatever source derived in the conduct of business activity as defined in RSA 77-E:1, X. CALCULATE THE TAXABLE ENTERPRISE VALUE TAX BASE - Lines 1-4 Line 1: Enter the total amount of dividends paid. Line 2: Enter the total amount of wages and compensation paid or accrued, per RSA 77-E:1, V and Rev 2402.01, including deferred compensation. Include all wages, salaries, fees, bonuses, commissions, or other payments paid directly or accrued by the business enterprise in the taxable period on behalf of or for the benefit of employees, officers or directors of the business enterprise, and subject to or specifically exempt from withholding under Internal Revenue Code (IRC) Section 3401 except such payments as are made expressly exempt from withholding under IRC § 3401 (a) (1), (9), (10), (13), (14), (15), (16), (18), (19), and (20); and except any tips required to be reported by the employee to the employer under IRC § 6053(a).The compensation amount entered on Line 2 shall include the amount of any fringe benefits included in the gross income of employees for federal income tax purposes, imputed interest on a below-market rate loan between an employer and employee to which IRC section 7872 applies, and the amount of any compensation deduction taken under the Business Profits Tax pursuant to RSA 77A:4, III. It shall also include net earnings from self-employment subject to tax under Section 1401 of the IRC, not including a member or partner's distributive share from a trade or business conducted by another business enterprise, and net losses from self-employment. In addition, the compensation amount entered on Line 2 shall include the amount reported as guaranteed payments to partners on the partnership's federal income tax return, if such amount has not been included as a compensation deduction taken under the BPT and wages paid under RSA 277-B:9, I (h), by an employee leasing company to its leased employees. Line 3: Enter the total amount of interest paid or accrued. Per RSA 77-E:1, XI, ”Interest” means: all amounts paid or accrued for the use or forbearance of money or property. IF APPORTIONING, REFERENCE "GENERAL INSTRUCTIONS FOR FILING BUSINESS TAXES". Line 4: Enter the sum of Lines 1, 2 and 3. CALCULATE YOUR TAX - Lines 5-7 Line 5: Multiply Line 4 by .0055. Line 6: Enter credits against BET. Use Form DP-160 to determine your credits to be used against your BET liability. Line 7: Enter the amount of Line 5 minus Line 6. IF NEGATIVE, ENTER ZERO. ENTER THE AMOUNT FROM LINE 7 ON LINE 1(a) OF THE BT-SUMMARY. BET RETURN 2023 Version 1 07/2023 Page 2 of 2
Extracted from PDF file 2023-new-hampshire-form-bet.pdf, last modified November 2022

More about the New Hampshire Form BET Corporate Income Tax TY 2023

Any business that grossed more than $217,000, or has a tax base greater than $108,000 must file this return.

We last updated the Business Enterprise Tax Return in February 2024, so this is the latest version of Form BET, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form BET directly from TaxFormFinder. You can print other New Hampshire tax forms here.

Related New Hampshire Corporate Income Tax Forms:

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 Form BET.

Form Code Form Name
Form BET-80 Business Enterprise Tax Apportionment
Form BET-80-WE Combined Group Business Tax Apportionment

Download all NH tax forms 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 Form BET from the Department of Revenue Administration in February 2024.

Show Sources >

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 Form BET

We have a total of nine past-year versions of Form BET in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form BET

bet-2020.pdf

2016 Form BET

bet-2015v1-1.pdf


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While we do our best to keep our list of New Hampshire Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

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