Clear Form

Schedule NS                           STATE OF HAWAII
(Form N-35)                                                     
(REV. 2018)               DEPARTMENT OF TAXATION

                          HAWAII S CORPORATION                                                                
       AGREEMENT OF NONRESIDENT                                SHAREHOLDER
                                                                  
                          This agreement is to be attached to the S corporation’s return for the first year  
                          which the corporation is subject to the provisions of section 235-128(c), Hawaii   
                           Revised Statutes (HRS), with respect to the nonresident shareholder.

Section 235-128(c), HRS, requires S corporations to timely file this agreement for each nonresident shareholder or to pay 
to the State an amount equal to the nonresident shareholder’s pro rata share of the S corporation’s income attributable to 
Hawaii multiplied by the highest marginal income tax rate for individuals.  The S corporation is entitled to recover from a 
shareholder any such payment made on behalf of the shareholder.

      If the shares of the S corporation are jointly owned, each owner must execute a separate agreement.

                          SHAREHOLDER                          S CORPORATION

 SSN/FEIN:                                        FEIN:

 NAME:                                            NAME:

 ADDRESS:                                         ADDRESS:

 STATE OF RESIDENCE:

                          NONRESIDENT SHAREHOLDER’S AGREEMENT

 I agree to file a Hawaii net income tax return and make timely payment of all taxes imposed 
by the State of Hawaii with respect to my share of the Hawaii income of the S corporation named 
above.
 I also agree to be subject to personal jurisdiction in the State of Hawaii for purposes of the 
collection of unpaid income tax, together with related interest and penalties.

Date                        Taxpayer’s Signature 

      This agreement is valid until revoked in writing by the nonresident shareholder.

                                                                                                             Schedule NS 
                                                                                                             (Form N-35)
N35SCHNS_I 2018A 01 VID01                        ID NO 01