This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form N-220 for the current year.
This document contains official instructions for Form N-220 , Underpayment of Estimated Tax by Corporations and S Corporations - a form released and collected by the Hawaii Department of Taxation. An up-to-date fillable Form N-220 is available for download through this link.
Q: What is Form N-220?
A: Form N-220 is a form used by corporations and S corporations in Hawaii to report underpayment of estimated tax.
Q: Who needs to file Form N-220?
A: Corporations and S corporations in Hawaii need to file Form N-220 if they have underpaid their estimated taxes.
Q: When is Form N-220 due?
A: Form N-220 is due on the 20th day of the 4th, 6th, 9th, and 12th month of the tax year.
Q: How do I calculate the underpayment of estimated tax?
A: You can calculate the underpayment of estimated tax by comparing the amount you paid in estimated taxes to the amount you should have paid based on your income.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Hawaii Department of Taxation.