This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form N-168 for the current year.
This document contains official instructions for Form N-168 , Income Averaging for Farmers and Fishermen - a form released and collected by the Hawaii Department of Taxation.
Q: Who is eligible to use Form N-168?
A: Farmers and fishermen in Hawaii are eligible to use Form N-168.
Q: What is the purpose of Form N-168?
A: Form N-168 is used to calculate income averaging for farmers and fishermen in Hawaii.
Q: Do I need to file Form N-168 if I am not a farmer or fisherman?
A: No, Form N-168 is only applicable to farmers and fishermen in Hawaii.
Q: When should I file Form N-168?
A: Form N-168 should be filed by the due date of your tax return.
Q: What information do I need to complete Form N-168?
A: You will need to provide information about your farming or fishing activities, including income and expenses.
Q: Are there any limitations on income averaging for farmers and fishermen?
A: Yes, there are certain limitations and restrictions on income averaging for farmers and fishermen in Hawaii. It is recommended to consult a tax professional for guidance.
Q: Can Form N-168 be filed electronically?
A: Yes, Form N-168 can be filed electronically through the Hawaii Department of Taxation's e-file system.
Q: Is there a fee to file Form N-168?
A: No, there is no fee to file Form N-168.
Q: What should I do if I need assistance with Form N-168?
A: If you need assistance with Form N-168, you can contact the Hawaii Department of Taxation or consult a tax professional.
Instruction Details:
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