Instructions for Form N-35 S Corporation Income Tax Return - Hawaii

Form N-35 Schedule D Capital Gains and Losses and Built-In Gains - Hawaii

This document contains official instructions for Form N-35 , S Corporation Income Tax Return - a form released and collected by the Hawaii Department of Taxation. An up-to-date fillable Form N-35 Schedule D is available for download through this link.

FAQ

Q: What is Form N-35?
A: Form N-35 is the S Corporation Income Tax Return specifically for Hawaii.

Q: Who needs to file Form N-35?
A: S Corporations operating in Hawaii need to file Form N-35.

Q: What is the purpose of Form N-35?
A: Form N-35 is used to report the income, deductions, and credits of S Corporations operating in Hawaii.

Q: When is the deadline to file Form N-35?
A: The deadline to file Form N-35 is the 20th day of the fourth month after the close of the corporation's tax year.

Q: Are there any penalties for late filing?
A: Yes, there are penalties for late filing. It is important to file Form N-35 by the deadline to avoid penalties and interest charges.

Q: Are there any payment requirements with Form N-35?
A: Yes, if the S Corporation owes tax, payment must be included with the filed Form N-35.

Q: Can Form N-35 be filed electronically?
A: Yes, S Corporations can choose to file Form N-35 electronically.

Q: What supporting documents should be included with Form N-35?
A: S Corporations should include necessary schedules, statements, and other documents to support the information reported on Form N-35.