On Thu, 14 Feb 2008 14:58:16 EST, Katie <katiej_1958[at]yahoo.com> wrote:

- quote -

Excellent point! Thanks.
--ron

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On Feb 12, 5:15*am, Ron Rosenfeld <ronrosenf...[at]nospam.org> wrote:
- quote -

I haven't checked this out for sure under NH law, but the usual rule
is that if nothing is filed for a given year, the statute of
limitations on that year never starts to run. So theoretically the
state could come back years later and assert a BET or BPT liability.

I'd file the summary if only to start the SOL running.

Katie in San Diego

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

NH has a Business Profits Tax which I have to pay some years, and not
others, depending on the vagaries of when I have "constructive receipt" of
office rental payments.

Among the forms to be filled out is the BT-Summary in which one checks off
if one is subject to the BPT (and the BET -- but I never have to pay this).
I never noted before that there was not a "who must file" section of the
instructions; or that checking NO for both the BPT and BET resulted in a
"don't bother to file this form" instruction.

So I called.

According to the nice young lady at the NH Dep't of Revenue Administration,
the BT-Summary does NOT need to be filed if one is not liable for the BPT
or BET. However, she recommended filing it anyway, so that the Dept would
see that I felt I was not liable for the tax this year, and thereby have a
"better" record.

In past years, when I've not been liable to file the BPT, I've not bothered
to file the BT-Summary.

Does her recommendation makes sense? Or should I stick to the maxim of not
filing unrequired forms?
--ron

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >