Schedule IV Other Internal Revenue Code Reconciling Adjustments - New Hampshire

What Is Schedule IV?

This is a legal form that was released by the New Hampshire Department of Revenue Administration - a government authority operating within New Hampshire. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What are Schedule IV adjustments?
A: Schedule IV adjustments refer to specific changes that need to be made to the federal tax information reported on your New Hampshire tax return to align it with the Internal Revenue Code.

Q: Why do I need to make Schedule IV adjustments?
A: You need to make Schedule IV adjustments because New Hampshire tax law references the Internal Revenue Code as the starting point for determining your state tax liability. However, the federal tax law may include provisions that are not applicable in New Hampshire or have different treatment.

Q: What types of adjustments might be included in Schedule IV?
A: Examples of adjustments that might be included in Schedule IV are differences in depreciation deductions, net operating losses, or business expenses allowed under the federal tax law but not allowed in New Hampshire.

Q: Is it mandatory to file Schedule IV?
A: Yes, if you have any differences between your federal tax return and your New Hampshire tax return due to the Internal Revenue Code, you must complete Schedule IV and include it with your state tax return.