Instructions for Form F-1 Franchise Tax Return - Hawaii

This document contains official instructions for Form F-1 , Franchise Tax Return - a form released and collected by the Hawaii Department of Taxation.

FAQ

Q: What is Form F-1 Franchise Tax Return?
A: Form F-1 Franchise Tax Return is a tax return form used in Hawaii to report franchise tax.

Q: Who needs to file Form F-1 Franchise Tax Return?
A: All corporations doing business in Hawaii, including nonprofits and foreign corporations, are required to file Form F-1 Franchise Tax Return.

Q: When is the deadline to file Form F-1 Franchise Tax Return?
A: The deadline to file Form F-1 Franchise Tax Return is on or before the 20th day of the fourth month following the end of the corporation's accounting period.

Q: What information is required to complete Form F-1 Franchise Tax Return?
A: The information required to complete Form F-1 Franchise Tax Return includes the corporation's name, address, federal employer identification number, and financial information.

Q: Are there any penalties for late filing of Form F-1 Franchise Tax Return?
A: Yes, there are penalties for late filing of Form F-1 Franchise Tax Return. The penalty is 5% of the tax due for each month or part of a month that the return is late, up to a maximum of 25%.