Form N-220 Underpayment of Estimated Tax by Corporations and S Corporations - Hawaii

What Is Form N-220?

This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form N-220?
A: Form N-220 is used by corporations and S corporations in Hawaii to determine if they have underpaid their estimated tax liabilities.

Q: Who needs to file Form N-220?
A: Corporations and S corporations in Hawaii need to file Form N-220 if they believe they have underpaid their estimated tax liabilities.

Q: How do I determine if I have underpaid my estimated tax liabilities?
A: To determine if you have underpaid your estimated tax liabilities, you will need to complete Form N-220 and follow the instructions provided.

Q: When is Form N-220 due?
A: Form N-220 is generally due on the 15th day of the fourth month following the close of the taxable year.

Q: Are there any penalties for underpayment of estimated tax?
A: Yes, there may be penalties for underpayment of estimated tax. You should refer to the instructions for Form N-220 for more information.