1. (a) A business enterprise required to file a business profits tax return shall complete and file its business enterprise tax return with its business profits tax return and Form BT-Summary.
2. (b) A business enterprise shall attach a clear and legible copy of their federal income tax return with the business enterprise tax return.

3. (c) A business enterprise, other than a single member entity, electing, under the U.S. Department of the Treasury's Treasury Decision 8697, to be taxed as a corporation or partnership for federal income tax purposes, shall:

   1. (1) Comply with all federal income tax regulations relating to such election;
   2. (2) Complete and file its New Hampshire business enterprise tax returns based on the entity type selected for federal income tax purposes; and

   3. (3) Attach:

      1. a. A copy of federal Form 8832, if required to be filed with the Internal Revenue Service; or
      2. b. A statement that the business enterprise has accepted the federal default treatment of being taxed as a partnership.

4. (d) An entity electing, for federal income tax purposes the provisions under the U.S. Department of the Treasury's Treasury Decision 8697, shall:

   1. (1) Not include the income or expenses of the entity within the member's business enterprise tax return as provided under RSA 77-E:1, III; and
   2. (2) Complete and file Form BET.

Source. INTERIM #5708, eff 9-23-93, EXPIRED: 1-21-94; ss by #5774, eff 1-21-94; ss by #7178, eff 12-23-99, EXPIRED: 12-23-07 New. #9065, eff 1-10-08 (from Rev 2407.01); ss by #11032, eff 1-29-16