N.H. Admin. Code § Rev 2405.03

Current through Register No. 50, December 12, 2024

Section Rev 2405.03 - Application of an Overpayment

(a) An overpayment of tax, verified by the department, shall be treated in the following sequence:

(1) Applied to offset any other tax liability of the business enterprise or the water's edge combined group, in accordance with RSA 21-J:28-a, IV;

(2) Refunded to the taxpayer if requested by the taxpayer;

(3) Credited to subsequent tax liability in accordance with RSA 77-E:6, II; or

(4) A combination of (2) and (3), above, if indicated on Form BT-Summary, "Business Tax Summary" by the business enterprise or the water's edge combined group.

(b) A business enterprise, which is not required to file a tax return, but incorrectly files and makes a payment of estimated taxes, shall request a refund by:

(1) Completing and filing Form BT-SUMMARY with the department to request a refund pursuant to RSA 21-J:29, I(b); or

(2) Submitting a written request:

a. To the department at:

New Hampshire Department of Revenue Administration

Taxpayer Services Division

PO Box 3306

109 Pleasant Street

Concord, NH 03302-3306; and

b. Which includes the following:

1. Name and mailing address;

2. Taxpayer identification number;

3. The type of entity for the business organization;

4. The reason the estimated tax payment was not required to be made;

5. The tax year for which the estimated tax payment was made;

6. The amount of the estimated tax payment; and

7. Preparer's dated signature.

N.H. Admin. Code § Rev 2405.03

#7178, eff 12-23-99, EXPIRED: 12-23-07

New. #9065, eff 1-10-08

Amended by Volume XXXVI Number 06, Filed February 11, 2016, Proposed by #11032, Effective 1/29/2016, Expires 1/29/2026.

Amended by Volume XL Number 46, Filed November 12, 2020, Proposed by #13126-B, Effective 10/24/2020, Expires 10/24/2030

Amended by Volume XLII Number 41, Filed October 13, 2022, Proposed by #13450, Effective 9/23/2022, Expires 9/24/2032.