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This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Form NH-1120
for the current year.
Instructions for Form NH-1120 Business Profits Tax Return - New Hampshire
This document contains official instructions for Form NH-1120 , 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 Business Profits Tax Return used in New Hampshire.
Q: Who needs to file Form NH-1120?
A: Businesses operating in New Hampshire that have a taxable business income need to file Form NH-1120.
Q: What is the purpose of Form NH-1120?
A: Form NH-1120 is used to report and calculate the Business Profits Tax due to the state of New Hampshire.
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, which is usually April 15th for calendar year taxpayers.
Q: Is there an extension available for filing Form NH-1120?
A: Yes, businesses can request a six-month extension to file Form NH-1120, but the tax payment is still due by the original due date.
Q: Are there any penalties for late filing of Form NH-1120?
A: Yes, there are penalties for late filing of Form NH-1120, including a 10% late filing penalty and interest on the unpaid tax amount.
Q: What documents and information do I need to complete Form NH-1120?
A: You will need your federal tax return, financial statements, and information about your business income, deductions, and credits to complete Form NH-1120.
Q: Can I claim deductions and credits on Form NH-1120?
A: Yes, businesses can claim deductions and credits on Form NH-1120 to reduce their taxable income and the amount of Business Profits Tax owed.
Instruction Details:
- This 4-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
- Complete, printable, and free.
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