This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form N-70NP for the current year.
This document contains official instructions for Form N-70NP , Exempt Organization Business Income Tax Return - a form released and collected by the Hawaii Department of Taxation.
Q: What is Form N-70NP?
A: Form N-70NP is the Exempt OrganizationBusiness Income Tax Return for Hawaii.
Q: Who needs to file Form N-70NP?
A: Exempt organizations in Hawaii that have business income need to file Form N-70NP.
Q: What is considered business income for Form N-70NP?
A: Business income for Form N-70NP includes income from activities that are regularly carried on to generate profit.
Q: Are there any exemptions for filing Form N-70NP?
A: Yes, some exempt organizations may be eligible for an exemption from filing Form N-70NP. It is advisable to consult with a tax professional to determine eligibility for exemption.
Q: When is the due date for filing Form N-70NP?
A: Form N-70NP is due on the 15th day of the fifth month following the close of the organization's taxable year.
Q: Is there an extension available for filing Form N-70NP?
A: Yes, a 6-month extension may be granted if requested before the original due date.
Q: Are there any penalties for late filing of Form N-70NP?
A: Yes, penalties may apply for late filing or failure to file Form N-70NP.
Q: Do I need to include supporting documents with Form N-70NP?
A: Yes, you may need to include supporting documents such as financial statements or schedules with Form N-70NP.
Instruction Details:
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