N.H. Admin. Code § Rev 906.05

Current through Register No. 2, January 9, 2025

Section Rev 906.05 - Form DP-87 ID, Interest and Dividend Tax Report of Change for IRS Adjustment Only

(a) Any individual or joint filer, partnership, limited liability company or fiduciary liable for the interest and dividend tax shall report on Form DP-87 IDall federal audit changes within 6 months after such changes have been finally determined by the Internal Revenue Service.

(b) Federal audit changes shall have finally been determined when:

(1) The taxpayer has:

a. Made payment on any additional income tax liability resulting from the federal audit; and

b. Not filed a petition for redetermination or claim for refund for the portions of the audit on which payment was made;

(2) The taxpayer has signed any Internal Revenue Service form consenting to the deficiency or accepting any over-assessment;

(3) The time period for filing a federal petition for redetermination to the United States Tax Court has expired;

(4) The taxpayer enters into a closing agreement with the Internal Revenue Service; or

(5) There is a final decision from:

a. United States Tax Court;

b. United States District Court;

c. United States Court of Appeals;

d. United States Court of Claims; or

e. United States Supreme Court.

(c) A copy of the federal change report shall be attached to Form DP-87 ID.

(d) A separate report of change shall be prepared for each taxpayer and for each year affected by the federal audit.

(e) Form DP-87 IDshall be submitted under separate cover.

(f) Payment of any additional liability shall accompany Form DP-87 ID.

(g) A taxpayer shall complete and file Form DP-87 ID by providing the same information requested in Form DP-10 with the new numbers due to the IRS changes.

N.H. Admin. Code § Rev 906.05

#4557, eff 12-28-88; ss by #5071, eff 2-21-91; ss by #5947, eff 12-29-94; ss by #6321, eff 8-22-96; ss by #8137, eff 8-10-04 (from Rev 906.08); ss by #10211, eff 10-24-12