Form BET-80-WE Business Enterprise Tax Apportionment for Individual Nexus Members of a Combined Group - New Hampshire

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Form BET-80-WE Business Enterprise Tax Apportionment for Individual Nexus Members of a Combined Group - New Hampshire

What Is Form BET-80-WE?

This is a legal form that was released by the New Hampshire Department of Revenue Administration - a government authority operating within New Hampshire. Check the official instructions before completing and submitting the form.

FAQ

Q: What is BET-80-WE?A: BET-80-WE is a form used in New Hampshire for the apportionment of Business Enterprise Tax (BET) for individual nexus members of a combined group.

Q: What is the purpose of BET-80-WE?A: The purpose of BET-80-WE is to determine the apportioned amount of Business Enterprise Tax that each individual nexus member of a combined group is responsible for paying in New Hampshire.

Q: Who needs to use BET-80-WE?A: Individual nexus members of a combined group in New Hampshire who are subject to the Business Enterprise Tax need to use BET-80-WE.

Q: What is the Business Enterprise Tax?A: The Business Enterprise Tax (BET) is a tax imposed on business entities that have nexus (sufficient connection) with the state of New Hampshire and have certain levels of gross receipts and enterprise value.

Q: What is a combined group?A: A combined group refers to a group of corporations that are engaged in a unitary business, meaning they are interdependent and function as a single entity for tax purposes.

Q: What is nexus?A: Nexus refers to a sufficient connection or presence that a business entity has with a state, which may subject it to that state's tax laws.

Q: How is the Business Enterprise Tax apportioned?A: The Business Enterprise Tax (BET) is apportioned based on a formula that takes into account factors such as the ratios of the business entity's sales, property, and payroll in New Hampshire compared to its total sales, property, and payroll.

Q: Are there any exemptions or deductions available for BET?A: Yes, there are certain exemptions and deductions available for the Business Enterprise Tax in New Hampshire, such as the small business exemption and the credit for research and development expenses.

Q: When is the deadline to file BET-80-WE?A: The deadline to file BET-80-WE in New Hampshire is typically on or before the 15th day of the 5th month following the close of the taxable period.

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Form Details:

  • Released on June 1, 2020;
  • The latest edition provided by the New Hampshire Department of Revenue Administration;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form BET-80-WE by clicking the link below or browse more documents and templates provided by the New Hampshire Department of Revenue Administration.

Download Form BET-80-WE Business Enterprise Tax Apportionment for Individual Nexus Members of a Combined Group - New Hampshire

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