Triva isn't available right now.
Check out the support page for our phone number and hours
Screen NHBTGen - New Hampshire Business General Information (1040)
Show all hidden content
Overview
Use this screen to provide general information for Forms BT-Summary, BET, BET-80, and NH-1040. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-NH shows it on the form only, not in the input screen.
Federal-to-state input screen and asset module data transfer
If information is transferred from federal input screens or from the asset module to a state input screen, the application displays the transferred data in blue, for example: 
.
.If necessary, you can overrule the transferred amount by entering the amount in the field. The application then displays the new amount in black.
note
- When you overrule a transferred amount, the application doesn’t replace that amount with subsequent federal-to-state or asset module data transfers.
- To delete the overruled amount and restore the original transferred amount, right-click the field and selectDelete overruleor simply enter the original amount in the field.
- To verify the accuracy of the overruled amount, right-click the field and selectAcknowledge overruled data. The application then disables the acknowledge functionality from the right-click menu. To restore the original amount later, you will need to enter it manually.
- You can set a user preference to mark fields for which you overruled the transferred amounts and to list all overruled amounts in theDiagnosticswindow.
Statements
Many data entry fields provide predefined statements in which you can enter additional information.
Accessing frequently asked questions
To view answers to common questions about calculations and data entry issues, select
Help
, Additional Resources
, Frequently Asked Questions
.Business Tax Return Summary - Form BT-SUMMARY
Use this section to complete the Form BT-Summary.
Calculate Form (Force)
Forms BET and NH-1040 will calculate and print only if the income reaches the threshold required by the state for filing. Use this field to force the returns to calculate if income is under the threshold.
Taxpayer Identification
The Department ID number entered here will be used in place of the federal Employer ID number. For the taxpayer identification on all business returns, the following order will be recognized: New Hampshire Department of Revenue Issued Identification Number (DIN). Per 2D barcode specifications, this number begins with NL followed by seven digits. Federal Employee ID Number (EIN). Social Security Number (SSN). If a valid Department Identification Number, Federal Employer Identification Number or Social Security Number hasn’t been entered, the New Hampshire Department of Revenue requests the taxpayer identification number fields be left blank and Form DP-200, Request for Department Identification Number, be included with the return when filed. Note: Form DP-200, Request for Department Identification Number (DIN), is available as a non-calculating form if you need to request a number.
Former name
Enter the former name that was used on the previously filed Form BT-Summary if different from the current name.
IRS adjusted return(s) in year(s)
Enter the year(s) covered by IRS adjustment. This data appears and also marks the necessary field on Form BT-Summary, Step 2.
Signatory title
Use this field to enter the taxpayer's title to be printed next to the signatures on Form BT-Summary, Page 3.
Authorize discussion with state taxing authority (Default = Option selected on federal Screen 1040)
Use this field to change the option indicated in the federal
1040
screen. A global default is available for all new clients for both federal and state returns. To select this option, select Setup
, 1040 Individual
, Federal
tab, select New Client Options
, and select Yes
from the dropdown list for Authorize discussion with taxing authority
.Business Enterprise Tax Return - Form BET
Information in this section is used to complete portions on Business Enterprise Return.
Gross business receipts (Force)
Use this field to force a different amount of the Total Gross Business Receipts for this business organization on the Business Enterprise Tax Return.
Enterprise Value Tax Base: Cost of goods sold labor (Force)
Use these fields to force a different amount of the labor expense included in Federal Schedule C: Cost of goods sold on the New Hampshire Enterprise Value Tax Base Worksheet.
Enterprise Value Tax Base: Miscellaneous compensation
Enter amounts in these fields for miscellaneous compensation subject to taxation that isn't already included on the New Hampshire Enterprise Value Tax Base Worksheet. The amounts are added to the compensation-related calculations for Forms BET and NH-1040.
Enterprise Value Tax Base: Other interest paid or accrued
An amount entered here for other interest paid or accrued prints on the New Hampshire Enterprise Value Tax Base Worksheet.
BET-80: Compensation (Force)
Use these fields to force the compensation calculated on the New Hampshire Enterprise Value Tax Base Worksheet for Forms BET and BET-80.
General footnote
Entries in this statement window proforma from the prior year. The general footnote appears as a separate item in each collation. This statement may be printed and attached to the return for informational purposes.
Business Profits Tax - Form NH-1040
Information in this section is used to complete Form NH-1040, Business Profits Tax return.
The Election Statements section is found in the
NHLetter
screen.Other business income
Enter other business income from federal Schedule B or other income line of federal form 1040 attributable to this business in the statement window.
Additions
Enter additions related to RSA 77-A:1, XX and 77-A:3-b, III. Amounts entered here are used to calculated Form NH-1040 and Schedule IV.
Deductions
Enter deductions related to RSA 77-A:1, XX. Amounts entered here are used to calculated Form NH-1040 and Schedule IV.
Separate entity items of income and expense
Enter the description and amount of income and expense in the statement window. Enter expenses as a negative amount.
Compensation deduction for personal services
Use this field to enter the compensation deduction reported on the New Hampshire Form NH-1040.
Income taxes or franchise taxes measured by income
Income and franchise taxes from states or subdivisions of a state measured by income from:
- FederalC-2screen,Taxes / licensesstatement window
- FederalRentscreen,Taxesstatement window
- FederalF-2screen,Taxesstatement window
- Federal4835screen,Taxesstatement window
will transfer to this statement window. Codes from the federal screens that represent taxes based on income include:
- Code 6 - State income taxes
- Code 9 - UBT taxes: NY
- Code 10 - Local income taxes
- Code 12 - Excise taxes: TN
- Code 13 - UBT taxes: DC
- Code 14 - MTA taxes: NY
note
Business Enterprise Tax (BET) isn't based on net income and isn't added back. Business Profit Tax (BPT) is based on net income and will need to be added back. On the federal return screens, use code
6
(state income taxes) for Business Profit Tax, and code 8
(Other taxes) for the Business Enterprise Tax (BET).Taxes will be reported as taxpayer or spouse based on the
T, S, J
field on the federal screen. Units coded J
will be reported as taxpayer.Additions / Deductions
Enter additions and deductions related to RSA 77-A:4 to calculate Form NH-1040 in the statement windows.
General footnote
Entries in this statement window proforma from the prior year. The general footnote appears as a separate item in each collation. This statement may be printed and attached to the return for informational purposes.