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Screen NHLLCGen - New Hampshire LLC General Information (1040)
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Overview
Use this screen to calculate a New Hampshire limited liability company return and to provide general information for Forms BT-Summary, BET, BET-80, and NH-1040 for single member LLCs. To designate an activity as a New Hampshire LLC, enter code
14
and the DIN in the State use code
statement window in the federal C
, F
, Rent
, and 4835
screens. 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 overrule, or 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.
- ou 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
, then Frequently Asked Questions
.Activity Information - Form BT-SUMMARY
Business name control
The business name control is used for electronic filing purposes only.
Department ID Number / Federal Employer ID Number
The Department ID number entered here will be used in place of the federal Employer ID number. The department ID number (DIN) is issued by the New Hampshire Department of Revenue. UltraTax CS uses it when available. Per NH DRA specifications, this number begins with "NL" or "SM", followed by seven digits. If the DIN isn't available, UltraTax CS uses the federal employer ID number. If neither a valid DIN nor federal employer identification number has 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. This form is available as a noncalculating form if you need to request a number.
Business activity code
UltraTax CS automatically enters the business activity code used at the federal level. Select
F4
to see a list of codes.General Information - Form BT-SUMMARY
Use this section to request Form BET or NH-1040 to print. Also, use this section to provide miscellaneous information. Note: Use the Calculate Form (Force) field to force Form BET and/or NH-1040 to print even though the New Hampshire Gross Business Receipts Worksheet or the New Hampshire Enterprise Value Tax Base Worksheet indicates the taxpayer, spouse, or LLC isn't required to file.
Former name
Enter the former name that was used on the previously filed Form BT-Summary if different from the current name.
LLC name (Force)
UltraTax CS defaults to the LLC activity name or description. Enter a different LLC name here.
IRS adjusted return(s) in year(s)
Enter the year(s) covered by IRS adjustment. This information appears on and also marks the necessary field on Form BT-Summary, Step 2.
Email address
Enter the preferred email address to be included in the signature block section of Form BT-Summary, Page 3.
Signatory / Officer Name / Signatory Title and phone number
Use these fields to enter the name of the person signing the return and title to be printed under the signatures on the BT-Summary, Page 3.
These are required fields for electronic filing.
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 the Authorize discussion with taxing authority
checkbox.General Information - Form BET and Form BET-80
Information in this section is used to complete portions of Form BET, Business Enterprise Tax 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 any amounts of miscellaneous compensation subject to taxation that aren'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 windows 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.
General Information - Form NH-1040
Information in this section is used to complete Form NH-1040, Business Profits Tax Return.
Other business income
Enter other business income from federal Schedule B or the 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 additions 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-2 Taxesscreen, licenses statement window
- FederalRentscreen, Taxes statement window
- FederalF-2screen, Taxes statement window
- Federal4835screen, Taxes statement 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).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.