Instructions for Form N-70NP Exempt Organization Business Income Tax Return - Hawaii

Form N-70NP Exempt Organization Business Income Tax Return - Hawaii

This document contains official instructions for Form N-70NP , Exempt Organization Business Income Tax Return - a form released and collected by the Hawaii Department of Taxation. An up-to-date fillable Form N-70NP is available for download through this link.

FAQ

Q: What is Form N-70NP?
A: Form N-70NP is the Exempt Organization Business Income Tax Return for Hawaii.

Q: Who needs to file Form N-70NP?
A: Exempt organizations that have business income derived from activities in Hawaii need to file Form N-70NP.

Q: What is considered business income?
A: Business income includes income generated from activities conducted in the regular course of the organization's exempt purpose.

Q: Are all exempt organizations required to file Form N-70NP?
A: No, only exempt organizations with business income derived from activities in Hawaii need to file Form N-70NP.

Q: When is the deadline to file Form N-70NP?
A: The deadline to file Form N-70NP is the 15th day of the 5th month after the close of the organization's taxable year.

Q: Are there any penalties for late filing of Form N-70NP?
A: Yes, there are penalties for late filing of Form N-70NP. It is important to file the return on time to avoid penalties.

Q: Is there a minimum income threshold for filing Form N-70NP?
A: No, there is no minimum income threshold for filing Form N-70NP. All exempt organizations with business income from Hawaii activities must file the return.