Instructions for Form NH-1120 Corporate Business Profits Tax Return - New Hampshire

Form NH-1120 Business Profits Tax Return - New Hampshire

This document contains official instructions for Form NH-1120 , Corporate Business Profits Tax Return - a form released and collected by the New Hampshire Department of Revenue Administration. An up-to-date fillable Form NH-1120 is available for download through this link.

FAQ

Q: What is Form NH-1120?
A: Form NH-1120 is the corporate business profits tax return for businesses operating in New Hampshire.

Q: Who needs to file Form NH-1120?
A: Any corporation or business entity subject to the corporate business profits tax in New Hampshire needs to file Form NH-1120.

Q: What information is required to complete Form NH-1120?
A: To complete Form NH-1120, you will need to provide information about your business's income, deductions, credits, and other relevant details.

Q: When is Form NH-1120 due?
A: Form NH-1120 is due on the 15th day of the fourth month following the close of the tax year.

Q: Are there any penalties for late filing of Form NH-1120?
A: Yes, there are penalties for late filing of Form NH-1120. It is important to file the return and pay any tax owed by the due date to avoid penalties and interest.

Q: Can I claim deductions and credits on Form NH-1120?
A: Yes, you can claim deductions and credits on Form NH-1120, which can help reduce your taxable income and the amount of tax you owe.

Q: Is Form NH-1120 only for corporations?
A: No, Form NH-1120 is not only for corporations. It is also used by other types of business entities subject to the corporate business profits tax in New Hampshire.

Q: What if I need an extension to file Form NH-1120?
A: If you need an extension to file Form NH-1120, you can request one by filing Form DP-59-A and paying any estimated tax due by the original due date.