LLC fees in New Hampshire
Varies
Are LLC Fees Tax Deductible in New Hampshire?
Short answer: Yes, as a business expense: New Hampshire charges $100 (+$2 online) to form an LLC; ongoing: $100 annual report. Business Profits Tax 7.5% if gross business income exceeds $109,000; Business Enterprise Tax 0.55% if gross receipts or enterprise value base exceeds $298,000. Annual report due April 1; $50 late fee.
Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Records to keep: Keep the state filing receipt, proof of payment, and your LLC's formation and annual report confirmations.
LLC fees in New Hampshire
Varies
General Business
Yes, as a business expense: New Hampshire charges $100 (+$2 online) to form an LLC; ongoing: $100 annual report. Business Profits Tax 7.5% if gross business income exceeds $109,000; Business Enterprise Tax 0.55% if gross receipts or enterprise value base exceeds $298,000. Annual report due April 1; $50 late fee.
Business justification
Yes, as a business expense: New Hampshire charges $100 (+$2 online) to form an LLC; ongoing: $100 annual report. Business Profits Tax 7.5% if gross business income exceeds $109,000; Business Enterprise Tax 0.55% if gross receipts or enterprise value base exceeds $298,000. Annual report due April 1; $50 late fee. Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Category
- Tax Write-Off Rules