Enlarge image | Clear Form DO NOT WRITE IN THIS SPACE STATE OF HAWAII — DEPARTMENT OF TAXATION FORM APPLICATION FOR AUTOMATIC EXTENSION OF TIME N-755 (REV. 2019) TO FILE HAWAII FRANCHISE TAX RETURN (FORM F-1) OR PUBLIC SERVICE COMPANY TAX RETURN (FORM U-6) Name Extension REJECTED. (See below for reasons.) DBA (if any) Federal Employer Identification Number Mailing Address (number and street) Hawaii Tax I.D. No. Type or Print City, State, and Postal/ZIP Code Check type of return to be filed: Form F-1 Form U-6 (Check here if you do not have an office or place of business in Hawaii) 1 (a) I request an automatic 6-month extension of time to file the franchise or public service company tax return of the entity named above for: calendar year 20 , or tax year ending , 20 (b) If this tax year is for less than 12 months, check reason: Initial return Final return Change in accounting period approved Consolidated return to be filed Amended Return First Year Second Year Third Year 2 Does this application also cover subsidiaries to be included in a consolidated return? .............................................................. Yes No If “Yes,” attach a list showing the name, address, and Federal Employer Identification Number of each member of the affiliated group of domestic entities. 3 Total tax liability for the taxable year (You may estimate this amount) ........................................................... 3 NOTE: You must enter an amount on line 3. If you do not expect to owe tax, enter zero (0) and skip lines 4a, 4b, and 4c. 4 Are you paying the tax in: 4a. 4 equal installments? .................................... Yes No 4b. 12 equal installments (required for those whose total tax liability exceeds $100,000)? ..................................... Yes No 4c. If line 4a is checked “Yes” — enter 1/4 of line 3 on line 4c. If line 4b is checked “Yes” — enter 1/3 of line 3 on line 4c. If “No” is checked for line 4a and 4b — enter the amount of line 3 on line 4c........................................ 4c Pay amount on line 4c in full. Attach check or money order for full amount payable to “Hawaii State Tax Collector.” Write your Federal Employer Identification Number, the taxable year, and Form N-755 on it. Pay in U.S. dollars. Do not send cash. Installment Payments. — If you are making installment payments instead of paying the tax in full, use the “Franchise Tax or Public Service Company Tax Installment Payment Voucher” (Form FP-1) to report and pay the remaining amount(s) due. 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 tax return was not filed within the time specified by the automatic extension. FORM N-755 N755_I 2019A 01 VID01 ID NO 01 |
Enlarge image | FORM N-755 (REV. 2019) PAGE 2 7. Granting of Extension. — An automatic 9. Interest. — Interest at the rate of 2/3 of 1% INSTRUCTIONS extension of time for filing a return shall be al- per month, or part of a month, shall be assessed 1. Purpose. — Use this form to ask for an au- lowed only upon the following conditions: on unpaid taxes and penalties beginning with the tomatic six-month extension of time to file Form (1) On or before the due date of the return pre- first calendar day after the date prescribed for F-1 or Form U-6. scribed by the statute, there shall have been payment, whether or not that first calendar day Do not request an automatic extension if you paid: falls on a Saturday, Sunday, or legal holiday. are under a court order to file your return by the (a) If you are required to pay the tax in month- 10. Consolidated Returns. — If a consoli- regular due date. ly installments (i.e., if your total tax liability for dated return is to be filed, the parent corporation The extension will be granted if you complete the year exceeds $100,000), one-third (equal may request an automatic extension for its sub- this form properly, file it on time, pay with it the to four monthly installments) of the tax pay- sidiaries. In such case, the name, address, and amount of tax shown on line 4c and meet the able for the year; Federal Employer Identification Number of each member of the affiliated group for which the ex- conditions indicated in item 7 of the Instructions. (b) If your total tax liability for the year does tension is desired must be listed under item 2 on In no case shall the extension be granted for not exceed $100,000 and you are electing to a separate sheet. The filing of this form by a par- a period of more than six months beyond the due pay the tax in four equal installments, one- ent corporation is not considered as an exercise date of the return. fourth (equal to one quarterly installment) of of the privilege of making a consolidated return. the tax payable for the year; or 2. Where to Get Tax Forms. — Hawaii tax 11. Termination of Extension. — The Direc- forms, instructions, and schedules may be ob- (c) An amount equal to the tax payable for the tor of Taxation may terminate the automatic ex- tained at any taxation district office or from the year. tension at any time by mailing a notice of termina- Department’s website at tax.hawaii.gov, or you If a payment accompanies the application for tion to the entity or to the person who requested may contact a customer service representative the extension, the amount of this payment the extension for the entity. The notice will be at: shall be shown on line 4c. mailed at least 10 days prior to the termination 808-587-4242 (2) The return shall be filed within six months date designated in the notice. 1-800-222-3229 (Toll-Free) from the due date of the return prescribed by the statute and: SPECIFIC INSTRUCTIONS 3. When to File. — File this application on (a) If you elected to pay the tax in four equal We have provided specific instructions for or before the original due date of the return. If installments, or are required to pay in monthly most of the lines on the form. Those lines that the due date falls on a Saturday, Sunday, or legal installments, all installments that became due do not appear in the Instructions are self-explan- holiday file by the next regular workday. since you filed the application for extension atory. You may file the applicable tax return any time shall have been timely paid; or Line 3. — Enter the amount of tax you expect before the six-month period ends. (b) If you did not elect to pay the tax in install- to owe for the taxable year. 4. Where to File. — Submit this form to: ments and are not required to pay the tax in Line 4c. — Enter one-fourth (1/4) of the HAWAII DEPARTMENT OF TAXATION installments, the return shall be accompanied amount shown in line 3 on line 4c if you have P. O. Box 1530 by payment of the remaining tax liability, if any. elected to pay the tax due in four equal install- Honolulu, Hawaii 96806-1530 If the above conditions are not met, the delin- ments. Section 239-7, HRS, allows the payment quent penalty and interest will be charged on of the public service company tax to be made 5. How to Fill Out This Form. — Fill in the the tax as if no extension had been granted, in four equal installments on April 20, June 20, spaces with the entity’s name, mailing address, i.e., the computation of delinquent penalty September 20, and December 20. Section 241-5, Federal Employer Identification Number, and Ha- and interest will relate back to the due date HRS, allows the payment of the franchise tax due waii Tax I.D. No., if any. Below that indicate the ap- prescribed by the statute. in four equal installments. The first installment plicable tax form to which the extension relates. shall be paid on or before the 20th day of the Note: If your mailing address has changed, 8. Penalties. — You may be assessed one or both of the following penalties. fourth month following the close of the fiscal year you must notify the Department of the change by (April 20 for calendar year taxpayers). This form completing Form ITPS-COA, Change of Address Late Filing of Return. — The penalty for failure has incorporated the payment of the first quarter- Form, or log in to your Hawaii Tax Online account to file a return on time is assessed on the tax due ly installment or the fourth monthly installment for at hitax.hawaii.gov. Failure to do so may prevent at a rate of 5% per month, or part of a month, up certain taxpayers whose total tax liability exceeds your address from being updated, any refund due to a maximum of 25%. $100,000 of this tax payable for the taxable year. to you from being delivered (the U.S. Postal Ser- Failure to Pay After Filing Timely Return. — An extension of time to file your tax return will not vice is not permitted to forward your State refund The penalty for failure to pay the tax after filing a extend the time to pay your tax. Therefore, you check), and delay important notices or corre- timely return is 20% of the tax unpaid within 60 must pay the amount of tax shown on line 4c in spondence to you regarding your return. days of the prescribed due date. full with this form. 6. How to Claim Credit for Payment Made These penalties are in addition to any interest With This Form. — Show the amount paid (line charged on underpayment or nonpayment of tax. 4c) with this form on the applicable tax return. |