SCHEDULE IV: Schedule IV (2024)
New Hampshire · New Hampshire DRA · Used for tax years 2024
New Hampshire’s 2024 Schedule IV reports other Internal Revenue Code reconciling adjustments for business organizations. It details additions and deductions that must equal the amounts reported on the corresponding tax return.
Who files this form
For tax year 2024, a business organization must complete Schedule IV if it reports any amounts on:
- Lines 2(c) or 2(e) of Form NH-1120, NH-1040, NH-1041, or NH-1065; or
- Lines 10(c) or 10(e) of Form NH-1120-WE.
The schedule details other Internal Revenue Code reconciling adjustments.
What you'll need
Have the following information available to complete Schedule IV:
- Your business organization name and taxpayer identification number.
- Your taxable period beginning and ending dates, if you are not using calendar year 2024.
- The amounts reported on the applicable additions and deductions lines of your NH-1120, NH-1040, NH-1041, NH-1065, or NH-1120-WE return.
- Details of those adjustments, with additional sheets attached if necessary.
Common mistakes
- Using negative numbers: Report all values as positive numbers, including deductions.
- Including cents: Round values to the nearest whole dollar.
- Reporting totals that do not match the return: Additions and deductions should equal the amounts on the corresponding return lines.
- Leaving out details when space runs out: Attach additional sheets if necessary.
Questions people ask
What goes in Part A?
Detail the additions included on Line 2(c) of Form NH-1120, NH-1040, NH-1041, or NH-1065, or Line 10(c) of Form NH-1120-WE. Total additions go on Line 9.
What goes in Part B?
Detail the deductions included on Line 2(e) of Form NH-1120, NH-1040, NH-1041, or NH-1065, or Line 10(e) of Form NH-1120-WE. Total deductions go on Line 6.
Does Schedule IV include a GILTI deduction entry?
Yes. Part B includes an entry for the Global Intangible Low-Taxed Income (GILTI) deduction as determined under IRC § 250(a).
Can I use a taxable period other than calendar year 2024?
The form provides spaces for another taxable period's beginning and ending dates in MMDDYYYY format.