Looking for a Hawaii Form Rv-3 Templates? Download it for free!

fig. 3.2

FINISHING THE TAX RETURN (fig. 3.2)

STEP 17 — Add the amount of penalty and interest paid,

and enter the total on line 13.

STEP 10 — Add Columns A1, A2, B, and C, line 7, and enter

STEP 18 — Add the amounts on lines 11, 12, and 13, and

the total on line 8. This is the total tax due. CAUTION: LINE

enter the total on line 14, “TOTAL PAYMENTS MADE FOR

8 MUST BE FILLED IN. If you do not have any rental motor

THE TAX YEAR”.

vehicle or tour vehicle activity and therefore have no tax due,

STEP 19 — Leave line 15 blank (to be used for Amended

enter “0.00” on line 8.

Returns ONLY).

BTK has added $12,120, $45,750, $330, and $780 for a

STEP 20 — Subtract line 15 from line 14 and enter the “NET

total of $58,980 which is entered on line 8.

PAYMENTS MADE” on line 16.

STEP 11 — Add all the penalties and interest which have been

STEP 21 — Compare the amounts on lines 10 and 16. If

assessed on taxes owed on the periodic tax returns for the tax-

the amount on line 10 is THE SAME AS line 16, go on to

able year, enter the results to the right of “PENALTY” and “IN-

Step 25.

TEREST”, and enter the total of the two amounts on line 9.

If the amount on line 10 is LESS THAN line 16, subtract line

STEP 12 — Add lines 8 and 9, and enter the total on line 10,

10 from line 16, and enter the result on line 17, “CREDIT TO

“TOTAL AMOUNT”.

BE REFUNDED”. Go to Step 25.

STEP 13 — Add the total amount of rental motor vehicle and

STEP 22 — If the amount on line 10 is MORE THAN line

tour vehicle surcharge taxes paid with your periodic tax re-

16, subtract line 16 from line 10 and enter the “ADDITIONAL

turns and any delinquency notices for the taxable year, less

TAXES DUE” on line 18. This is your taxes now due and

any refunds received for the taxable year. Enter this amount

payable. Calculate penalty and interest on this amount if the

on line 11, “TOTAL TAXES PAID ON MONTHLY, QUARTER-

annual return is filed after the due date.

LY, OR SEMIANNUAL RETURNS FOR THE PERIOD (and

STEP 23 — Late Filing of Return—The penalty for failure to

the Annual Return if this is an Amended Return) LESS ANY

file a return on time is assessed on the tax due at a rate of

REFUNDS RECEIVED FOR THE TAX YEAR”.

5% per month, or part of a month, from the due date to the

STEP 14 — Enter the amount of tax paid with any assess-

filing date, to a maximum of 25%.

ment notices for the taxable year, if included on line 8, on

Interest—Interest at the rate of 2/3 of 1% per month, or part

line 12.

of a month, shall be assessed on the unpaid taxes and pen-

STEP 15 — Enter the amount of any penalty paid with your

alties beginning with the first calendar day after the date pre-

periodic tax returns, delinquency notices, or assessment no-

scribed for payment, whether or not that first calendar day

tices for the taxable year on line 13 in the space provided to

falls on a Saturday, Sunday, or legal holiday.

the right of “PENALTIES $.”

After computing the penalty and interest amounts, enter the

STEP 16 — Enter the amount of any interest paid with your

results to the right of “PENALTY” and “INTEREST” and enter

periodic tax returns, delinquency notices, or assessment no-

the total of the two amounts on line 19.

tices for the taxable year on line 13 in the space provided to

the right of “INTEREST $.”

Dual Rate Form Rv-3 Instructions - How To Complete Your Annual Rental Motor Vehicle And Tour Vehicle Surcharge Tax Return (Dual Rate Form Rv-3) Page 3

Related Articles

Related forms

Related Categories