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New Hampshire2016 BET80WEDepartment of Revenue AdministrationBT80WE1611862BUSINESS ENTERPRISE TAX APPORTIONMENT FOR INDIVIDUAL NEXUS MEMBERS OF A COMBINED GROUP Business Organization NameMMDDYYYYTaxpayer

How to fill out business enterprise tax apportionment

How to fill out business enterprise tax apportionment

1. Gather all the necessary financial information related to your business, including sales, property, and payroll data for different jurisdictions.
2. Determine the apportionment method that is applicable to your business. Commonly used methods include the single-factor formula, double-factor formula, and three-factor formula.
3. Calculate the sales, property, and payroll factors according to the chosen apportionment method. These factors represent the portion of your business activity that is taxable in each jurisdiction.
4. Allocate the total taxable business income based on the calculated factors to determine the apportioned income for each jurisdiction.
5. Fill out the business enterprise tax apportionment form accurately and completely. Provide all the required information, such as business details, apportionment factors, and taxable income allocation.
6. Double-check your completed form for any errors or missing information before submitting it.
7. Submit the filled-out business enterprise tax apportionment form to the relevant tax authority by the designated deadline.
8. Keep a copy of the submitted form and any supporting documentation for your records.

Who needs business enterprise tax apportionment?

1. Businesses that operate in multiple jurisdictions and have taxable business income in those jurisdictions need to fill out the business enterprise tax apportionment form.
2. This form helps determine the fair and accurate allocation of taxable income for businesses that have a presence in multiple locations.
3. It is particularly relevant for businesses that generate revenue or have significant business activity in different states or countries.
4. The specific requirements for filing the business enterprise tax apportionment form may vary depending on the jurisdiction and applicable tax laws.

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What is business enterprise tax apportionment?

Business enterprise tax apportionment is the process of determining how much of a company's profits are subject to state taxation based on the location of its activities and revenue.

Who is required to file business enterprise tax apportionment?

Businesses that operate in multiple states and generate income from various sources are required to file business enterprise tax apportionment.

How to fill out business enterprise tax apportionment?

To fill out business enterprise tax apportionment, businesses need to calculate their total income and allocate it to each state based on specific apportionment formulas.

What is the purpose of business enterprise tax apportionment?

The purpose of business enterprise tax apportionment is to prevent companies from avoiding state taxes by artificially shifting profits to low-tax states.

What information must be reported on business enterprise tax apportionment?

Businesses must report their total income, expenses, and apportionment factors such as sales, property, and payroll on the business enterprise tax apportionment form.