Instructions for Form TA-2 Transient Accommodations Tax Annual Return and Reconciliation - Hawaii

Form TA-2 Transient Accommodations Tax Annual Return & Reconciliation - Hawaii

This document contains official instructions for Form TA-2 , Transient Accommodations Tax Annual Return and Reconciliation - a form released and collected by the Hawaii Department of Taxation. An up-to-date fillable Form TA-2 is available for download through this link.

FAQ

Q: What is Form TA-2?
A: Form TA-2 is the Transient Accommodations Tax Annual Return and Reconciliation form.

Q: Who should file Form TA-2?
A: Anyone who operates a transient accommodations rental in Hawaii should file Form TA-2.

Q: What is transient accommodations tax?
A: Transient accommodations tax is a tax imposed on the gross revenues derived from the furnishing of transient accommodations in Hawaii.

Q: When is the deadline to file Form TA-2?
A: The deadline to file Form TA-2 is the last day of the month following the end of the annual accounting period.

Q: Is there a penalty for late filing?
A: Yes, there is a penalty for late filing. The penalty is 5% of the tax due for each month or fraction of a month the return is late, up to a maximum of 25%.

Q: Are there any exemptions for the transient accommodations tax?
A: Yes, there are exemptions for certain categories, such as government-owned accommodations and accommodations provided by educational institutions.

Q: What information is required on Form TA-2?
A: Form TA-2 requires information such as gross rental income, deductions, and the amount of tax due.

Q: Is there a separate form for reconciling the tax?
A: No, the reconciliation is part of Form TA-2. The form includes a section for reconciling the tax collected with the tax reported.