Instructions For Form N-210 - Department Of Taxation State Of Hawaii

Instructions for Form N-210 (Rev. 2012)

Page 2

Part III - Figure Your Underpayment

3. Reduce the amount of withholding on the

Reminder for farmers and fishermen: If your

disposition of Hawaii real property included

gross income from farming or fishing is at least

Nonresident Alien

on this line by any amount for which you have

two-thirds of your annual gross income from all

requested a refund on Form N-288C.

sources for 2011 or 2012, and you file your return

If you are a “Nonresident Alien” (see definition

and pay the tax due by March 1, 2013, you will

4. Any payments made on the next working

in Form N-15 Instructions) and did not receive

not have to pay the penalty or file this form.

day after the payment due date because of a

wages as an employee subject to Hawaii income

Saturday, Sunday, or holiday, will be considered

Schedule A—Required Installments

tax withholding, the instructions for figuring your

paid on the payment due date.

Using the Annualized Income

underpayment are modified as follows:

Installment Method

If line 10 is equal to or more than line 9 for all

1. Skip column (a) in Part III.

payment periods, stop here. You do not have to

2. In column (b) of line 9 in Part III, enter one-

If your income varied during the year because,

complete the rest of the form.

half of the amount on line 8 (unless you are using

for example, you operated your business on

Line 16 — If line 16 is zero for all payment

the annualized income installment method).

a seasonal basis, you may be able to lower or

periods, you do not owe a penalty. But if you

eliminate the amount of one or more required

3. In column (b) of line 10 in Part III, enter the

check Box b, c, or d, in Part I, you must file Form

installments by using the annualized income

total tax payments made through June 20, 2012,

N-210 with your return.

installment method. Use Schedule A to figure the

for the 2012 tax year.

amounts to enter on Form N-210, Part III, line 9.

If line 16 shows an underpayment for any

4. Skip all lines in column (b) that are shaded

payment period, see Waiver of Penalty on page

If you use Schedule A for any payment due date,

in column (a) in Part III.

1. In certain circumstances, the Department will

you must use it for all payment due dates. To

Farmers and Fishermen

waive all or part of the penalty.

figure the amount of each required installment,

Schedule A automatically selects the smaller of

Part IV — Figuring the Penalty

The instructions for figuring your underpayment

the annualized income installment or the regular

are modified as follows:

The underestimation penalty is computed on a

installment (increased by the amount saved by

1. Skip columns (a), (b), and (c) in Part III.

monthly basis. This means the penalty is imposed

using the annualized income installment method

on the amount of the underpayment of estimated

in figuring earlier installments).

2. In column (d) of line 9 in Part III, enter the

tax at the rate of 2/3% (.00667) a month or

full amount on line 8.

To use the annualized income installment method,

fraction of a month.

3. In column (d) of line 10 in Part III, enter the

you must do all of the following:

Use this part to figure the penalty for any

total tax payments made through January 20,

1. Complete Schedule A. Enter the amount

underpayment to which none of the exceptions

2013, for the 2012 tax year.

from Schedule A, line 24, in each column of Form

apply. If you made more than one payment

4. Skip all lines in column (d) that are shaded

N-210, Part III, line 9.

for any payment period, attach your penalty

in column (a) in Part III.

2. Complete Part IV to figure the penalty.

computation for each payment. The penalty is

Figuring Your Underpayment

applied to the number of months, or fraction of

3. Check Box b in Part I.

a month, that the installment was not paid. You

Line 9 — Enter on line 9, columns (a)-(d), the

4. Attach Form N-210 to your return.

figure the period of underpayment by counting

amount of your required installment for the due

Nonresident Alien

the number of months after the due date of the

date shown in each column heading. For most

installment to and including the date of payment

taxpayers, this is the amount shown on line 8 of

If you did not receive wages as an employee

or April 20, 2013, whichever is earlier. If you are

Part II, divided by four (4). However, it may be to

subject to Hawaii income tax withholding, the

a fiscal year taxpayer, use the 20th day of the

your benefit to figure your required installments

instructions for Schedule A are modified as

4th month following the close of your fiscal year

by using the annualized income installment

follows:

instead of April 20, 2013.

method. For more details, see the instructions for

1. Skip column (a).

Line 19 — Count the number of months from

Schedule A on this page.

the due date of the payment shown above the

2. Enter on line 1 your income for the period

Line 10 — Enter the taxes withheld on wages,

column to the date on line 18. A month, for the

that is effectively connected with a Hawaii trade

Individual Housing Account distributions, or on the

purposes of computing the penalty, is the period

or business.

disposition of Hawaii real property; estimated tax

from the 21st day of the current calendar month

3. Increase the amount on line 16 by the

payments; and amounts paid by an S corporation

through the 20th day of the following calendar

amount determined by multiplying your income

on behalf of a nonresident shareholder if the

month. Enter the number of months, rounding up

for the period that is not effectively connected

corporation’s payment is made within your tax

any fractions of a month. A fraction of a month is

with a Hawaii trade or business by the following:

year in the column for the period during which

counted as one month.

•

the payment is made.

In column (b), 72%.

For example, Mr. Aloha has an underpayment

•

In column (a), enter the tax payment(s) you

In column (c), 45%.

for the April 20th installment of $1,000. The June

made by April 20, 2012, for the 2012 tax year; in

•

In column (d), 30%.

20th installment requires a payment of $2,500.

column (b), enter the payments you made after

On June 10th, Mr. Aloha pays $2,500 to cover

4. Enter in column (b) of line 21, one-half of

April 20 through June 20, 2012; in column (c),

the June 20th installment. However, $1,000 of

the amount from Form N-210, Part II, line 8. In

enter payments you made after June 20 through

this payment will be considered to be for the April

columns (c) and (d), enter one-fourth of that

September 20, 2012; and in column (d), enter

20th installment. The penalty for the April 20th

amount.

payments you made after September 20, 2012,

installment is figured to June 10th (2 months).

through January 20, 2013.

5. Skip column (b), lines 19 and 22.

The amount of the payment to be applied to

Annualized Income Installment

When figuring your payment dates and the

the June 20th installment will be the remaining

amounts to enter on line 10 of each column,

$1,500. Please note, that if Mr. Aloha does not

Method

apply the following rules:

make an additional payment by June 20th to

Line 1 — Figure your total income for the period,

cover the remaining $1,000 due for the June 20th

1. Include in your estimated tax payments any

minus your adjustments to income for the period.

installment, the underpayment penalty will be

overpayment of tax from your 2011 return that

Include your share of partnership or S corporation

applied when it is subsequently paid.

you elected to apply to your 2012 estimated tax.

income or loss items for the period.

Payment of your entire 2012 estimated tax liability,

If you file your return by the due date, treat the

If you are self-employed, be sure to take into

overpayment as a payment made on April 20,

or any balance due, by January 20, 2013, or filing

account the deduction for part of your self-

of your 2012 income tax return and payment

2012. Payments made after the due date (not

employment tax. For more information on how to

of the tax shown on the return by January 20,

including extensions) are treated as made on the

figure this amount for each period, see federal

2013, will not relieve you of the penalty if you

date of payment.

Publication 505, chapter 4.

did not pay the estimated income tax due earlier

2. If you file your return and pay the tax due by

in your tax year. If you file your return and pay

January 31, 2013, include on line 10, column (d),

Line 2 — Estates and trusts, do not use amounts

the tax due by January 31, 2013, you will have

shown in columns (a)-(d). Instead, use 6, 3,

the amount of tax you pay with your tax return.

no penalty for the January installment, and the

1.71429, and 1.09091, respectively, as the

In this case, you will not owe a penalty for the

periods of underpayment for earlier installments

annualization amounts.

payment due by January 20, 2013.

will end on January 20, 2013.

Instructions For Form N-210 - Department Of Taxation State Of Hawaii - 2012 Page 2

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