SCHEDULE IV: Schedule IV (2025)
New Hampshire · New Hampshire DRA · Used for tax years 2025
New Hampshire's 2025 Schedule IV details other Internal Revenue Code reconciling adjustments reported on business tax returns. It lists additions and deductions, with totals that must match the corresponding amounts on the return.
Who files this form
For tax year 2025, any business organization reporting amounts on either of these sets of lines must complete Schedule IV:
- Lines 2(c) or 2(e) of Form NH-1120, NH-1040, NH-1041, or NH-1065.
- Lines 10(c) or 10(e) of Form NH-1120-WE.
Schedule IV details other Internal Revenue Code reconciling adjustments.
What you'll need
Have the corresponding business tax return available so you can detail the additions and deductions reported on it: Form NH-1120, NH-1040, NH-1041, NH-1065, or NH-1120-WE.
The schedule also asks for the business organization name, taxpayer identification number, and calendar year or other taxable period. Attach additional sheets if necessary.
Common mistakes
- Entering negative amounts: Report all values as positive numbers in both Part A and Part B.
- Including cents: Round amounts to the nearest whole dollar.
- Reporting totals that do not match the return: Part A additions and Part B deductions should equal the amounts reported 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?
Part A details additions reported on Line 2(c) of Form NH-1120, NH-1040, NH-1041, or NH-1065, or Line 10(c) of Form NH-1120-WE. Enter total additions on Line 9.
What goes in Part B?
Part B details deductions reported on Line 2(e) of Form NH-1120, NH-1040, NH-1041, or NH-1065, or Line 10(e) of Form NH-1120-WE. Enter total deductions on Line 6.
Where does the form list GILTI adjustments?
Part A, Line 1 lists foreign dividends consisting of Global Intangible Low-Taxed Income (GILTI) that were not previously subject to Business Profits Tax. Part B, Line 1 lists the GILTI deduction determined under IRC §250(a).
Can I use Schedule IV for a taxable period other than the calendar year?
The form provides spaces for the beginning and ending dates of a taxable period other than calendar year 2025. Enter those dates in MMDDYYYY format.