Form N-301 - Application For Automatic Extension Of Time To File Hawaii Return For A Corporation, Partnership, Trust, Or Remic Page 2
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1
2FORM N-301
(REV. 2015)
PAGE 2
In no case shall the extension be granted for a period of more than 6
Federal Employer Identification Number of each member of the affiliated
months beyond the prescribed due date of the return.
group for which the extension is desired must be listed on an attachment to
Form N-301. The filing of this form by a parent corporation is not considered
For extension requirement purposes, Hawaii does not conform to Treasury
as an exercise of the privilege of making a consolidated return.
Regs. section 1.1502-76. For Hawaii income tax purposes, a corporation
shall not be allowed an extension beyond 6 months. Corporations required
6. How to Fill Out This Form. ––
to file a short year federal return under the above regulation and not able
•
Enter the entity’s name and address on the appropriate lines.
to file their Hawaii return on time should request an extension for the short
•
Using black or blue ink, enter the entity’s FEIN, the date of the end of
year on or before the twentieth day of the fourth month following the end of
the tax year, and the amount of the payment in the space provided.
the short year. Attach a letter of explanation to the front of the Hawaii return
•
If no payment is being made with this form, enter “0.00” in amount of
when it is filed.
payment space.
An automatic extension of time for filing a return shall be allowed upon
•
It is suggested that you make a photocopy of this form for your records
the following two conditions:
before you detach the voucher. Do not, however, submit a photocopy
•
You complete this form properly, file it, and pay any or properly
of this form.
estimated balance due on line 5 of the Income Tax Balance Due
•
Detach the voucher where indicated. Submit only the voucher portion
Worksheet by the prescribed due date for the return for which the
of this form with your payment.
extension applies.
•
Attach your check or money order payable to “Hawaii State Tax
•
Within the time specified by the automatic extension, the return shall
Collector” to the front of the voucher. Write your FEIN and “2015 Form
be filed, accompanied by payment of the tax to the extent not already
N-301” on your check or money order. Pay in U.S. dollars. Do not send
paid.
cash.
One hundred percent of the properly estimated tax liability must be paid
7. Making a Payment. — If a payment is being made with this form,
on or before the prescribed due date of your return. Properly estimated tax
make your check or money order payable to “Hawaii State Tax Collector.”
liability means the taxpayer made a bonafide and reasonable attempt at the
Write your FEIN and “2015 Form N-301” on it. Attach your check or money
time the extension was submitted to locate and gather all of the necessary
order to the front of Form N-301.
information to make a proper estimate of tax liability for the taxable year.
8. How to Claim Credit for Payment Made With This Form. — Show
The Director of Taxation may terminate the automatic extension at any
the amount paid (line 5) with this form on the applicable income tax return.
time by mailing a notice of termination to the entity or to the person who
9. Penalties
requested the extension for the entity. The notice will be mailed at least 10
Late Filing of Return. — The penalty for failure to file a return on time is
days prior to the termination date designated in the notice.
assessed on the tax due at a rate of 5% per month, or part of a month, up
Note: Only those taxpayers whose automatic extension has been
to a maximum of 25%.
rejected will be notified by the Department of Taxation.
Failure to Pay After Filing Timely Return. — The penalty for failure to pay
2. How To Obtain Tax Forms. — To request tax forms and publications
the tax after filing a timely return is 20% of the tax unpaid within 60 days
by mail, you may call 808-587-4242 or toll-free 1-800-222-3229.
of the prescribed due date. The 60-day period is calculated beginning with
Tax forms are also available on the Department of Taxation’s website at:
the prescribed due date even if the prescribed due date falls on a Saturday,
tax.hawaii.gov.
Sunday, or legal holiday.
3. When to File. — File one copy of this application on or before the
These penalties are in addition to any interest charged on underpayment
prescribed due date of the entity’s income tax return. If the prescribed due
or nonpayment of tax.
date falls on a Saturday, Sunday, or legal holiday file by the next regular
10. Interest. — Interest at the rate of 2/3 of 1% per month or part of
workday.
a month shall be assessed on unpaid taxes and penalties beginning with
4. Where to File. — If you are not filing electronically, submit Form
the first calendar day after the date prescribed for payment, whether or not
N-301 to: Hawaii Department of Taxation, P. O. Box 1530, Honolulu, Hawaii
that first calendar day falls on a Saturday, Sunday, or legal holiday. Form
96806-1530.
N-301 does not extend the time for payment of income tax. Interest will be
computed on the sum of the tax due and penalties imposed on the late filing
5. Consolidated Returns. — If a consolidated return is to be filed,
of the return or payment of the tax.
a parent corporation may request automatic extensions for itself and its
subsidiaries by filing one Form N-301. In such case, the name, address, and
REASONS FOR REJECTION OF EXTENSION
… 1.
The request was not in this office or mailed on or before the date prescribed by law for filing this return.
… 2.
Separate requests are required for each type of tax and for each taxpayer involved.
… 3.
The income tax return was not filed within the time specified by the automatic extension.
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