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Instructions for Form DP-120
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Instructions for Form DP-120 Computation of S Corporation Gross Business Profit - New Hampshire
This document contains official instructions for Form DP-120 , Computation of S Corporation Gross Business Profit - a form released and collected by the New Hampshire Department of Revenue Administration. An up-to-date fillable Form DP-120 is available for download through this link.
FAQ
Q: What is Form DP-120?
A: Form DP-120 is used for Computation of S Corporation Gross Business Profit in New Hampshire.
Q: Who is required to file Form DP-120?
A: S corporations in New Hampshire are required to file Form DP-120.
Q: What is the purpose of Form DP-120?
A: The purpose of Form DP-120 is to calculate the gross business profit of an S corporation in New Hampshire.
Q: What information is needed to complete Form DP-120?
A: To complete Form DP-120, you will need information about the S corporation's gross receipts, cost of goods sold, and other business expenses.
Q: Are there any filing deadlines for Form DP-120?
A: Yes, Form DP-120 must be filed on or before the 15th day of the fourth month following the close of the corporation's tax year.
Q: Are there any penalties for late filing of Form DP-120?
A: Yes, there are penalties for late filing of Form DP-120. It is important to file on time to avoid penalties and interest charges.
Q: Can I claim deductions on Form DP-120?
A: Yes, you can claim deductions for allowable business expenses on Form DP-120.
Q: Do I need to include supporting documentation with Form DP-120?
A: You do not need to include supporting documentation with Form DP-120, but it is recommended to keep records for at least three years in case of an audit.
Instruction Details:
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- Might not be applicable for the current year. Choose a more recent version;
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