How to elect S-Corp status in New Hampshire
An S-Corporation election in New Hampshire can save self-employed business owners thousands in self-employment tax. The federal deadline is March 15 (Form 2553). New Hampshire state-level tax treatment is none (no state income tax). We file the federal election and any required New Hampshire forms for $0 service fee.
New Hampshire S-Corp election at a glance
| Federal form | IRS Form 2553 |
|---|---|
| Federal deadline | March 15 |
| New Hampshire state tax | none (no state income tax) |
| Eligibility | ≤100 shareholders, all US persons |
| File.Business fee | $0 |
Is an S-Corp election worth it in New Hampshire?
An S-Corp election in New Hampshire typically makes sense when:
- Your business net profit is roughly $40,000 or more per year
- You can pay yourself a reasonable salary plus take distributions
- You are willing to run payroll (required for S-Corp owners)
- You file your S-Corp tax return by March 15 each year
The savings come from splitting your income between W-2 wages (subject to FICA) and S-Corp distributions (not subject to self-employment tax). Use our S-Corp savings calculator to see your specific number.
New Hampshire S-Corp election: step-by-step
- Have an eligible entity. Your New Hampshire LLC or C-Corporation must already exist. Form an LLC or form a corporation first if needed.
- Confirm eligibility. All shareholders must be US persons (no corporations, partnerships, or foreign nationals), and you must have 100 or fewer shareholders.
- File IRS Form 2553. Submit within 2 months and 15 days of the tax year you want the election to take effect, or by March 15 of the current year.
- Check New Hampshire state requirements. Some states require a separate state-level election. New Hampshire's tax treatment is none (no state income tax).
- Set up payroll. S-Corp owners must take a reasonable salary subject to payroll tax. Our payroll partners handle setup.
- File annual S-Corp returns. Form 1120-S federally and New Hampshire state returns by March 15 each year.
File your New Hampshire S-Corp election
We prepare and file Form 2553, handle any New Hampshire state-level requirements, and connect you to a payroll partner. $0 service fee.
Start my S-Corp election Run the savings calculatorNew Hampshire S-Corp FAQ
What is the New Hampshire S-Corp filing deadline?
The federal S-Corp tax return (Form 1120-S) is due by March 15 each year. State returns follow the same schedule in most cases.
Does New Hampshire have its own S-Corp tax?
New Hampshire's state-level treatment for S-Corps is none (no state income tax). Always confirm with a tax professional or the New Hampshire Department of Revenue.
Can my LLC elect S-Corp status in New Hampshire?
Yes. Many New Hampshire LLCs elect S-Corp tax treatment to reduce self-employment tax. The LLC remains an LLC for legal purposes but is taxed as an S-Corp.
How much can I save with an S-Corp in New Hampshire?
Typical savings range from $2,000 to $10,000+ per year for businesses with $50K-$250K in net profit. Use our savings calculator for your specific number.
On the $129/yr Compliance Annual Filings plan, we cover state late fees.
When you autofile your annual report through the $129/yr plan and we miss the deadline, we pay the state's late fee. The guarantee applies to that specific plan and the filings it includes. Other File.Business services are billed at the prices on this page.