Form M-68 "Application for Extension of Time to File Hawaii Estate Tax Return (Form M-6) or Hawaii Generation-Skipping Transfer Tax Return (M-6gs) and/or Pay Hawaii Estate (And Generation-Skipping Transfer) Taxes" - Hawaii

What Is Form M-68?

This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on January 1, 2019;
  • The latest edition provided by the Hawaii Department of Taxation;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form M-68 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.

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Download Form M-68 "Application for Extension of Time to File Hawaii Estate Tax Return (Form M-6) or Hawaii Generation-Skipping Transfer Tax Return (M-6gs) and/or Pay Hawaii Estate (And Generation-Skipping Transfer) Taxes" - Hawaii

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Clear Form
FORM
THIS SPACE FOR DATE RECEIVED STAMP
STATE OF HAWAII — DEPARTMENT OF TAXATION
M-68
Application for Extension of Time to File Hawaii
Estate Tax Return (Form M-6) or Hawaii Generation-Skipping
(Rev. 2020)
Transfer Tax Return (M-6GS) and /or Pay Hawaii Estate (and
Generation-Skipping Transfer) Taxes (Only for Decedents Filing
a Hawaii Return But Not Required to File a Federal Return)
Part I — Identification
Decedent’s name
Date of death
Name of executor
Name of application filer (if other than the executor)
Social security number
Address of executor (number and street)
Estate tax return due date
City, State, and Postal/ZIP Code
Domicile of decedent
Part II — Extension of Time To File Form M-6 or M-6GS
If you are applying for a 6-month extension of time to file, indicate the form by checking the appropriate box below.
M-6
M-6GS
Part III — Extension of Time To Pay
You must attach your written statement to explain in detail why it is impossible or impractical to pay the full amount of the Hawaii
Estate tax by the return due date. If the taxes cannot be determined because the size of the gross estate is unascertainable, check
here
and enter zero or other appropriate amount on Part IV, line 3. You must attach an explanation.
If this request is for the tax that will be or was due with the filing of Form M-6, check here...................................................
If this request is for the tax that will be due as a result of an amended or supplemental Form M-6, check here...................
If this request is for additional tax due as a result of an examination of your Form M-6, check here.....................................
If this request is for section 6166 installment payment, check here........................................................................................
Part IV — Payment to Accompany Extension Request
1
Amount of Hawaii Estate or GST taxes estimated to be due..............................................
1
2
Amount of cash shortage (complete Part III).......................................................................
2
3
Balance due (subtract line 2 from line 1).......................................................................... ..
3
Pay the amount due in full. Attach check or money order for full amount payable to “Hawaii State Tax Collector.”
Write the decedent’s name, social security number, and “Form M-68” on it. Pay in U.S. dollars. DO NOT send cash.
Signature and Verification
If filed by executor - I declare under the penalties set forth in section 231-36, HRS, that I am the executor of the estate of the
above-named decedent and that to the best of my knowledge and belief, the statements contained herein are true and correct.
Executor’s signature
Title
Date
If filed by someone other than the executor - I declare under the penalties set forth in section 231-36, HRS, that to the best
of my knowledge and belief, the statements contained herein are true and correct, that I am authorized by an executor to file this
application, and that I am (check box(es) that apply(ies)):
A member in good standing of the bar of the highest court of (specify jurisdiction)
A certified public accountant duly qualified to practice in (specify jurisdiction)
A person enrolled to practice before the Internal Revenue Service.
A duly authorized agent holding a power of attorney. (The power of attorney need not be submitted unless requested.)
Application filer’s signature (if other than the executor)
Date
FORM M-68 (REV. 2020)
ID NO 01
M68_I 2020A 01 VID01
Clear Form
FORM
THIS SPACE FOR DATE RECEIVED STAMP
STATE OF HAWAII — DEPARTMENT OF TAXATION
M-68
Application for Extension of Time to File Hawaii
Estate Tax Return (Form M-6) or Hawaii Generation-Skipping
(Rev. 2020)
Transfer Tax Return (M-6GS) and /or Pay Hawaii Estate (and
Generation-Skipping Transfer) Taxes (Only for Decedents Filing
a Hawaii Return But Not Required to File a Federal Return)
Part I — Identification
Decedent’s name
Date of death
Name of executor
Name of application filer (if other than the executor)
Social security number
Address of executor (number and street)
Estate tax return due date
City, State, and Postal/ZIP Code
Domicile of decedent
Part II — Extension of Time To File Form M-6 or M-6GS
If you are applying for a 6-month extension of time to file, indicate the form by checking the appropriate box below.
M-6
M-6GS
Part III — Extension of Time To Pay
You must attach your written statement to explain in detail why it is impossible or impractical to pay the full amount of the Hawaii
Estate tax by the return due date. If the taxes cannot be determined because the size of the gross estate is unascertainable, check
here
and enter zero or other appropriate amount on Part IV, line 3. You must attach an explanation.
If this request is for the tax that will be or was due with the filing of Form M-6, check here...................................................
If this request is for the tax that will be due as a result of an amended or supplemental Form M-6, check here...................
If this request is for additional tax due as a result of an examination of your Form M-6, check here.....................................
If this request is for section 6166 installment payment, check here........................................................................................
Part IV — Payment to Accompany Extension Request
1
Amount of Hawaii Estate or GST taxes estimated to be due..............................................
1
2
Amount of cash shortage (complete Part III).......................................................................
2
3
Balance due (subtract line 2 from line 1).......................................................................... ..
3
Pay the amount due in full. Attach check or money order for full amount payable to “Hawaii State Tax Collector.”
Write the decedent’s name, social security number, and “Form M-68” on it. Pay in U.S. dollars. DO NOT send cash.
Signature and Verification
If filed by executor - I declare under the penalties set forth in section 231-36, HRS, that I am the executor of the estate of the
above-named decedent and that to the best of my knowledge and belief, the statements contained herein are true and correct.
Executor’s signature
Title
Date
If filed by someone other than the executor - I declare under the penalties set forth in section 231-36, HRS, that to the best
of my knowledge and belief, the statements contained herein are true and correct, that I am authorized by an executor to file this
application, and that I am (check box(es) that apply(ies)):
A member in good standing of the bar of the highest court of (specify jurisdiction)
A certified public accountant duly qualified to practice in (specify jurisdiction)
A person enrolled to practice before the Internal Revenue Service.
A duly authorized agent holding a power of attorney. (The power of attorney need not be submitted unless requested.)
Application filer’s signature (if other than the executor)
Date
FORM M-68 (REV. 2020)
ID NO 01
M68_I 2020A 01 VID01
FORM M-68
(Rev. 2020)
PAGE 2
Part V — Notice to Applicant - To be completed by the Department of Taxation
Extension to File
Extension to Pay
Approved
Approved
Disapproved
Disapproved
Not approved because
Other
Department of Taxation official
Address
Date
Name (print)
Title (print)
Signature
8. Penalties. — You may be assessed one or
ninth month, the due date is the last date of the
Changes You Should Note:
ninth month.
both of the following penalties.
Act 13, Session Laws of Hawaii (SLH) 2020,
For the Generation-Skipping Tax Return (M-
Late Filing of Return. — The penalty for failure
conforms the Hawaii Estate and Generation-
6GS), this application must be filed by April 15th
to file the return on time is assessed on the tax due
Skipping Transfer Tax Law to the Internal Revenue
of the year following the calendar year of the de-
at a rate of 5% per month, or part of a month, up to
Code (IRC) as amended as of December 31, 2019
cedent’s death. If the due date falls on a Saturday,
a maximum of 25%. If you file and pay a return late,
with the exception of the excludable amount of
Sunday, or legal holiday file by the next regular
attach a full explanation with the return.
$5,490,000. The exclusion amount of $5,490,000
workday.
is set forth for the decedent in chapter 11 of the
Failure to Pay After Filing Timely Return. —
IRC as amended as of December 21, 2017, as if
You may file the estate’s Form M-6 or Form M-
Penalty for failure to pay the tax after filing a timely
the decedent died on December 31, 2017. For the
6GS any time before the six-month period ends.
return is 20% of the tax unpaid within 60 days of
2020 tax year, the federal excludable base amount
the prescribed due date.
4. Where to File. — Submit this form to:
is set at $11,400,000, causing a “Gap” between the
These penalties are in addition to any interest
HAWAII DEPARTMENT OF TAXATION
federal and state excludable amount.
charged on underpayment or nonpayment of tax.
P. O. Box 259
File Form M-68 (Application for Extension of
Honolulu, Hawaii 96809-0259
9. Interest. — Interest at the rate of 2/3 of 1%
Time to File Hawaii Estate or Generation-Skipping
per month, or part of a month, shall be assessed
5. How to Fill Out This Form. — Fill in the
Tax Return) ONLY if you are NOT required to file a
on unpaid taxes and penalties beginning with the
spaces with the decedent’s name, date of death,
federal Estate or Generation-Skipping Transfer Tax
first calendar day after the date prescribed for pay-
decedent’s social security number, the name of
Return (Forms 706 or 706-GS).
ment, whether or not that first calendar day falls on
the executor or other person filing this form, the
GENERAL INSTRUCTIONS
a Saturday, Sunday, or legal holiday.
executor’s address, the due date of the Hawaii
Estate or Generation-Skipping Tax Return and
SPECIFIC INSTRUCTIONS
1. Purpose. — An executor, personal repre-
the decedent’s place of domicile. For extension re-
sentative, administrator of the decedent’s estate,
quests regarding the Hawaii Estate Tax, enter the
Part I
or any person in actual or constructive receipt of
decedent’s social security number. For extension
any property of the decedent may use this form to
Line 1. — Enter the extended due date for the
requests regarding the Generation-Skipping Tax,
ask for a six month extension of time to file Form
Hawaii Estate or Generation-Skipping Tax Return.
enter the skip person distributee’s social security
M-6. An extension of time to file does not extend
This date cannot be more than six months from
number.
the time to pay the tax. Keep a copy of this form
the original due date of Form M-6 or M-6GS for the
for your records.
6. How to Claim Credit for Payment Made
decedent’s estate.
With This Form. — Show the amount paid (line 3)
The extension will be granted if you complete
Line 2. — Enter the estimated amount of Ha-
with this form on M-6, Schedule D, line 5, or Form
this form properly, file it on time, pay with it the
waii Estate or Generation-Skipping tax due.
M-6GS, line 17. Attach a copy of this form to Form
amount of tax shown on line 2 and meet the condi-
M-6 or M-6GS.
Line 3. — Enter the amount of your payment.
tions indicated in item 7 of the instructions.
The full amount of estimated Hawaii Estate or
7. Granting of Extension. — An extension of
In no case shall the extension be granted for
Generation-Skipping tax is due by the original
time for filing a return shall be allowed only upon
a period of more than six months beyond the due
due date of the return regardless of whether an
the following two conditions:
date of the return.
extension to file has been obtained. Interest must
(1) On or before the due date of the return pre-
be paid on any estate tax that is not paid in full by
2. Where to Get Tax Forms. — Hawaii tax
scribed by the statute, there shall have been
the original due date of the tax return. Make your
forms, instructions, and schedules may be ob-
paid, through a payment accompanying the
check payable to the Hawaii State Tax Collector.
tained at any taxation district office or from the
application for the extension, an amount
Please write the decedent’s name, social security
Department of Taxation (Department) website at
equal to the estimated estate tax payable.
number, and “Form M-68” on the check.
tax.hawaii.gov, or you may contact a customer
service representative at:
(2) Within the time specified by the extension,
Part III and IV
the return shall be filed, accompanied by pay-
808-587-4242
ment of the remaining tax liability.
For instructions to Parts III and IV refer to the
1-800-222-3229 (Toll-Free)
instructions on Federal Form 4768 (Rev. August
If the above conditions are not met, the delin-
2012).
3. When to File. — File this application on
quent penalty and interest will be charged on
Note: Extension to pay does not apply to GST fil-
or before the original due date of the decedent’s
the tax as if no extension had been granted,
ers.
estate’s Hawaii Estate (Form M-6) which is nine
i.e., the computation of delinquent penalty
months after the date of the decedent’s death. If
and interest will relate back to the due date
Part V
there is no numerically corresponding date in the
prescribed by the statute.
Part V to be completed by the Department.
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