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 form that needs to be filed by franchise taxpayers in the state of Hawaii.

Q: Who needs to file Form F-1 Franchise Tax Return?
A: Franchise taxpayers in Hawaii who meet certain criteria are required to file Form F-1 Franchise Tax Return.

Q: What is the purpose of Form F-1 Franchise Tax Return?
A: The purpose of Form F-1 Franchise Tax Return is to report and pay franchise taxes owed to the state of Hawaii.

Q: When is the deadline for filing Form F-1 Franchise Tax Return?
A: The deadline for filing Form F-1 Franchise Tax Return is on or before the 20th day of the fourth month following the close of the taxable year.

Q: What information is required on Form F-1 Franchise Tax Return?
A: Form F-1 Franchise Tax Return requires information such as the taxpayer's name, address, income, deductions, and franchise tax liability.

Q: Are there any penalties for not filing Form F-1 Franchise Tax Return?
A: Yes, there are penalties for not filing Form F-1 Franchise Tax Return, including late filing penalties and interest charges on unpaid tax.

Q: Can I file Form F-1 Franchise Tax Return electronically?
A: Yes, taxpayers have the option to file Form F-1 Franchise Tax Return electronically.

Q: Do I need to include payment with Form F-1 Franchise Tax Return?
A: Yes, taxpayers are required to include the payment of franchise taxes owed with their Form F-1 Franchise Tax Return.