Form N-3 "Declaration of Estimated Income Tax for Corporations and S Corporations" - Hawaii

What Is Form N-3?

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, 2017;
  • 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 N-3 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.

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Clear Form
2018
FORM
STATE OF HAWAII — DEPARTMENT OF TAXATION
N-3
DECLARATION OF ESTIMATED INCOME TAX FOR CORPORATIONS
(REV. 2017)
AND S CORPORATIONS
INTERNET FILING –– Form N-3 can be filed and payment made electronically through the State’s Internet portal. For
more information, go to: tax.hawaii.gov/eservices/
GENERAL INSTRUCTIONS
1. PURPOSE OF DECLARATION
This declaration provides a basis for currently paying the income tax of corporations, S corporations, and organizations
required to file Form N-70NP, Exempt Organization Business Income Tax Return. Subsequent references in these instructions
to “corporations” shall include “organizations required to file Form N-70NP” unless otherwise indicated. Every corporation
must file a declaration of estimated tax unless excused from doing so under section 235-97(a)(5) or 235-97(a)(6), HRS. In
addition to the declaration, a corporation must file an annual income tax return after the close of its taxable year. At that
time, the balance of tax due on the year’s taxable income over the amount paid as estimated tax, if any, must be paid with
the tax return. Trusts required to file Form N-70NP should refer to the Instructions for Form N-70NP for an Estimated Tax
Computation Schedule and tax rates.
2. CORPORATIONS WHICH MUST MAKE A DECLARATION
A declaration of estimated tax must be made by every corporation or S corporation unless excused from filing under
section 235-97(a)(5) or 235-97(a)(6), HRS. Section 235-97(a)(5), HRS, provides that if the Director of Taxation is satisfied
that less than 15% of a foreign corporation’s business for the taxable year will be attributable to the State, the foreign
corporation may be excused from filing a declaration of estimated tax. Application for exemption from filing a declaration of
estimated tax may be made in letter form, two copies being submitted, one of which will be returned granting or denying the
request, as the case may be. The exemption, if granted, is conditional upon the circumstances remaining substantially the
same. If, due to a change in circumstances, business attributable to the State has increased to an extent that it is greater
than the 15% requirement, the exemption previously granted automatically terminates and the foreign corporation will be
required to file a declaration of estimated tax. The filing date of the declaration would be on or before the next installment
date. Section 235-97(a)(6), HRS, provides that a declaration of estimated tax and the payment of estimated tax are not
required if the tax liability for the taxable year will be less than $500.
3. WHEN AND WHERE TO FILE DECLARATION
The payment vouchers that the corporation or S corporation files serve as its declaration of estimated income tax. A
quarterly declaration of estimated tax for a corporation or S corporation on a calendar year basis must be filed on or before
April 20, June 20, September 20, and on or before January 20 following the close of the calendar year. If the corporation
is on a fiscal year basis, a declaration must be filed on or before the 20th day of the 4th, 6th, and 9th months of the fiscal
year, and on or before the 20th day of the 1st month following the close of the fiscal year. If any due date falls on a Saturday,
Sunday, or legal State holiday, the due date is the next regular business day. The declaration must be filed with the Hawaii
Department of Taxation, P.O. Box 1530, Honolulu, HI 96806-1530.
4. AMENDED DECLARATIONS
In making a declaration, the corporation or S corporation must take into account the then existing facts and circumstances
as well as those reasonably anticipated relating to prospective gross income and allowable deductions for the taxable year.
An amended or revised declaration may be made in any case where the corporation or S corporation estimates that its gross
income and deductions will materially change the estimated tax reported on the previous declaration. See PART III.
If an amended declaration of estimated tax is necessary, the amended declaration may be computed and filed with the
next estimated tax installment payable. The remaining installment(s) of estimated tax payable shall be proportionately
increased or decreased, as the case may be, to reflect the amended declaration of estimated tax.
5. AMOUNT TO BE PAID AND TIME FOR PAYMENT
A corporation or S corporation on a calendar year basis must pay the first installment, 1/4 of the estimated tax due, on
or before April 20, the second installment on or before June 20, the third installment on or before September 20, and the
fourth installment on or before January 20 of the year following the close of the calendar year. A corporation on a fiscal year
basis must pay the first installment on or before the 20th day of the 4th month of the fiscal year, the second installment on
or before the 20th day of the 6th month of the fiscal year, the third installment on or before the 20th day of the 9th month of
the fiscal year, and the fourth installment on or before the 20th day of the 1st month following the close of the fiscal year. A
check or money order in payment of the tax should be made to the “Hawaii State Tax Collector.” The check is to be drawn
on a U.S. bank in U.S. dollars. Do not send cash. Write the corporation’s or S corporation’s Federal Employer I.D. Number
(FEIN) and “2018 Form N-3” on your check or money order.
6. PENALTY
In the case of any underpayment of estimated tax, there shall be added to the tax, an amount determined at the rate of 2/3
of 1% per month or part of a month, on the amount of tax underpaid for the period as provided under section 235-97(f), HRS.
Willful failure to make a required declaration of estimated tax is an offense punishable as provided by section 231-35, HRS.
Clear Form
2018
FORM
STATE OF HAWAII — DEPARTMENT OF TAXATION
N-3
DECLARATION OF ESTIMATED INCOME TAX FOR CORPORATIONS
(REV. 2017)
AND S CORPORATIONS
INTERNET FILING –– Form N-3 can be filed and payment made electronically through the State’s Internet portal. For
more information, go to: tax.hawaii.gov/eservices/
GENERAL INSTRUCTIONS
1. PURPOSE OF DECLARATION
This declaration provides a basis for currently paying the income tax of corporations, S corporations, and organizations
required to file Form N-70NP, Exempt Organization Business Income Tax Return. Subsequent references in these instructions
to “corporations” shall include “organizations required to file Form N-70NP” unless otherwise indicated. Every corporation
must file a declaration of estimated tax unless excused from doing so under section 235-97(a)(5) or 235-97(a)(6), HRS. In
addition to the declaration, a corporation must file an annual income tax return after the close of its taxable year. At that
time, the balance of tax due on the year’s taxable income over the amount paid as estimated tax, if any, must be paid with
the tax return. Trusts required to file Form N-70NP should refer to the Instructions for Form N-70NP for an Estimated Tax
Computation Schedule and tax rates.
2. CORPORATIONS WHICH MUST MAKE A DECLARATION
A declaration of estimated tax must be made by every corporation or S corporation unless excused from filing under
section 235-97(a)(5) or 235-97(a)(6), HRS. Section 235-97(a)(5), HRS, provides that if the Director of Taxation is satisfied
that less than 15% of a foreign corporation’s business for the taxable year will be attributable to the State, the foreign
corporation may be excused from filing a declaration of estimated tax. Application for exemption from filing a declaration of
estimated tax may be made in letter form, two copies being submitted, one of which will be returned granting or denying the
request, as the case may be. The exemption, if granted, is conditional upon the circumstances remaining substantially the
same. If, due to a change in circumstances, business attributable to the State has increased to an extent that it is greater
than the 15% requirement, the exemption previously granted automatically terminates and the foreign corporation will be
required to file a declaration of estimated tax. The filing date of the declaration would be on or before the next installment
date. Section 235-97(a)(6), HRS, provides that a declaration of estimated tax and the payment of estimated tax are not
required if the tax liability for the taxable year will be less than $500.
3. WHEN AND WHERE TO FILE DECLARATION
The payment vouchers that the corporation or S corporation files serve as its declaration of estimated income tax. A
quarterly declaration of estimated tax for a corporation or S corporation on a calendar year basis must be filed on or before
April 20, June 20, September 20, and on or before January 20 following the close of the calendar year. If the corporation
is on a fiscal year basis, a declaration must be filed on or before the 20th day of the 4th, 6th, and 9th months of the fiscal
year, and on or before the 20th day of the 1st month following the close of the fiscal year. If any due date falls on a Saturday,
Sunday, or legal State holiday, the due date is the next regular business day. The declaration must be filed with the Hawaii
Department of Taxation, P.O. Box 1530, Honolulu, HI 96806-1530.
4. AMENDED DECLARATIONS
In making a declaration, the corporation or S corporation must take into account the then existing facts and circumstances
as well as those reasonably anticipated relating to prospective gross income and allowable deductions for the taxable year.
An amended or revised declaration may be made in any case where the corporation or S corporation estimates that its gross
income and deductions will materially change the estimated tax reported on the previous declaration. See PART III.
If an amended declaration of estimated tax is necessary, the amended declaration may be computed and filed with the
next estimated tax installment payable. The remaining installment(s) of estimated tax payable shall be proportionately
increased or decreased, as the case may be, to reflect the amended declaration of estimated tax.
5. AMOUNT TO BE PAID AND TIME FOR PAYMENT
A corporation or S corporation on a calendar year basis must pay the first installment, 1/4 of the estimated tax due, on
or before April 20, the second installment on or before June 20, the third installment on or before September 20, and the
fourth installment on or before January 20 of the year following the close of the calendar year. A corporation on a fiscal year
basis must pay the first installment on or before the 20th day of the 4th month of the fiscal year, the second installment on
or before the 20th day of the 6th month of the fiscal year, the third installment on or before the 20th day of the 9th month of
the fiscal year, and the fourth installment on or before the 20th day of the 1st month following the close of the fiscal year. A
check or money order in payment of the tax should be made to the “Hawaii State Tax Collector.” The check is to be drawn
on a U.S. bank in U.S. dollars. Do not send cash. Write the corporation’s or S corporation’s Federal Employer I.D. Number
(FEIN) and “2018 Form N-3” on your check or money order.
6. PENALTY
In the case of any underpayment of estimated tax, there shall be added to the tax, an amount determined at the rate of 2/3
of 1% per month or part of a month, on the amount of tax underpaid for the period as provided under section 235-97(f), HRS.
Willful failure to make a required declaration of estimated tax is an offense punishable as provided by section 231-35, HRS.
FORM N-3
(REV. 2017)
PART I. TAX COMPUTATION FOR CALENDAR YEAR 2018 OR FISCAL YEAR BEGINNING IN 2018
1. Enter the amount of Federal taxable income expected for 2018 ............................................................................................
ADJUSTMENTS TO ARRIVE AT ESTIMATED TAXABLE INCOME FOR
ADD:
HAWAII TAX PURPOSES
2. Amount of capital gains and losses for HAWAII tax purposes:
(a) Net short-term gain ..........................................................................................................................................................
(b) Net long-term capital gain ................................................................................................................................................
(c) Net gain (or loss) from sale or exchange of property other than capital assets ...............................................................
3.
Deduction allowable for federal tax purposes but not allowable or allowable only in part for Hawaii tax purposes - itemize below:
(a) ____________________________________________________________________________________________
(b) ____________________________________________________________________________________________
(c) ____________________________________________________________________________________________
4. Other adjustments ________________________________________________________________________________
5. Total of items 1 to 4 inclusive ..................................................................................................................................................
DEDUCT:
6.
Dividends from national banks ......................................................................................................
7.
70% of dividends (other than national bank dividends) ...............................................................
8.
Interest on obligations of the United States .................................................................................
9.
Excess of income from sources outside Hawaii received by a foreign or domestic corporation
over deductions attributable to or connected with such income ..................................................
10. Amount of net capital gains and losses as reported on FEDERAL return (this eliminates the
Federal capital gain — see line 2 above for Hawaii) .....................................................................
11. Amortization of casualty losses where election is made to amortize for HAWAII purposes
under section 235-7(f), HRS .........................................................................................................
12. Net operating loss deduction .........................................................................................................
13. Other deductions or adjustments ..................................................................................................
14. Total of items 6 to 13 inclusive ................................................................................................................................................
15. ESTIMATED TAXABLE INCOME OR LOSS FOR HAWAII TAX PURPOSES (Line 5 minus line 14) .....................................
PART II. TAX COMPUTATION WORKSHEET FOR CALENDAR YEAR 2018 OR FISCAL YEAR BEGINNING IN 2018
1. Enter the amount of taxable income for Hawaii tax purposes expected in 2018 (from line 15, PART I) .................................
2. Enter the amount of net long-term capital gain over net short-term capital loss as shown on line 2(b). (If line 2(b) exceeds
line 15, enter an amount equal to that shown on line 15. However, if line 15 shows a loss, enter zero.) ...............................
3. Line 1 minus line 2 ..................................................................................................................................................................
4. a. Tax on capital gain — 4% of the amount shown on line 2 ................................................................................................
b.
Tax on all other taxable income if amount on line 3 is:
(1) Not over $25,000 — enter 4.4% of line 3 ........................................................................
(2) Over $25,000 but not over $100,000 — Enter 5.4% of line 3 ........................................
(250.00)
Subtract $250.00 and enter the difference ......................................................................
(3) Over $100,000 — Enter 6.4% of line 3 ...........................................................................
(1,250.00)
Subtract $1,250.00 and enter difference .........................................................................
c.
Recapture of capital goods excise tax credit, low-income housing tax credit, important agricultural land qualified
agricultural cost tax credit, or capital infrastructure tax credit ..........................................................................................
5. Total estimated tax liability (Add lines 4a, 4b, and 4c) ............................................................................................................
6. Less: Tax credits ....................................................................................................................................................................
7. Total estimated tax due (line 5 minus line 6). ..........................................................................................................................
8. All or part of overpayment from 2017 return credited to estimated tax and payments to date................................................
9. Unpaid balance of estimated tax (line 7 minus line 8). ...........................................................................................................
10. Amount of first installment. Enter this amount also on payment voucher 1. .........................................................................
11. All or part of overpayment from 2017 return credited to estimated tax and payments through the first installment. ..............
12. Unpaid balance of estimated tax (line 7 minus line 11). .........................................................................................................
13. Amount of second installment. Enter this amount also on payment voucher 2. ...................................................................
14. All or part of overpayment from 2017 return credited to estimated tax and payments through the second installment. ........
15. Unpaid balance of estimated tax (line 7 minus line 14). .........................................................................................................
16. Amount of third installment. Enter this amount also on payment voucher 3. ........................................................................
17. All of overpayment from 2017 return credited to estimated tax and payments through the third installment. .........................
18. Unpaid balance of estimated tax (line 7 minus line 17). .........................................................................................................
19. Amount of fourth installment. Enter this amount also on payment voucher 4. .....................................................................
PART III. Amended Computation
PART IV. Record of Estimated Tax Payments
Total amount paid and
(Used if your estimated tax substantially changes
credited from the 1st day of
Voucher
Date
Amount
2017 overpayment
after you file your first payment voucher.)
the taxable year through the
Number
Paid
credit applied to
installment date shown.
Add (b) and (c)
installment
1. Amended estimated tax ...........................................
(d)
(a)
(b)
(c)
2. Less:
(a) Amount of last year’s overpayment elected
1
for credit to 2018 estimated tax and
applied to date .............................................
2
(b) Estimated tax payments to date ...................
(c)
Total of lines 2(a) and 2(b) ...........................
3
3. Unpaid balance (line 1 minus line 2(c)) ................
4
4. Amount to be paid (line 3 divided by number
of remaining installments). Enter here and
Total ..................... ä
on payment voucher ............................................
MAILING ADDRESS
Hawaii Department of Taxation
P.O. Box 1530
Honolulu, Hawaii 96806-1530
(830 Punchbowl Street)
IMPORTANT NOTE
Form N-3 is designed for electronic scanning that permits faster processing with fewer errors. To avoid delays:
1. Print amounts only on those lines that are applicable.
2. Use only a black or dark blue ink pen. Do not use red ink, pencils, felt tip pens, or erasable pens.
3. Because this form is read by a machine, please print your numbers inside the boxes like this:
1 2 3 4 5 6 7 8 . 9 0
4. Do NOT print outside the boxes.
5. Do NOT use dollar signs, slashes, dashes, or parentheses in the boxes.
6. DO NOT SUBMIT A PHOTO COPY OF THIS FORM. Photocopying of this form could cause delays in
processing your payment.
DETACH HERE
Form
Tax Year
(Rev. 2017)
STATE OF HAWAII — DEPARTMENT OF TAXATION
DO NOT WRITE OR STAPLE IN THIS SPACE
N-3
2018
CORPORATION ESTIMATED INCOME TAX
Voucher No. 1
THIS VOUCHER IS DUE ON OR BEFORE THE 20th DAY
OF THE 4th MONTH OF THE TAXABLE YEAR.
DO NOT SUBMIT A PHOTOCOPY OF THIS FORM
First time filer
Name
Dba or C/O
Federal Employer Identification Number (FEIN)
Mailing Address
Suite Number
Calendar or Fiscal Year Ending (MM DD YY)
City, town, or post office
State
Postal/ZIP Code
Country
For office use only
Amount of Payment
MAIL THIS VOUCHER WITH CHECK OR MONEY ORDER
PAYABLE TO “HAWAII STATE TAX COLLECTOR.” Write your
Federal Employer I.D. Number and “2018 Form N-3” on your
ID N0 12
check or money order.
N3_F 2017A 01
MAILING ADDRESS
Hawaii Department of Taxation
P.O. Box 1530
Honolulu, Hawaii 96806-1530
(830 Punchbowl Street)
IMPORTANT NOTE
Form N-3 is designed for electronic scanning that permits faster processing with fewer errors. To avoid delays:
1. Print amounts only on those lines that are applicable.
2. Use only a black or dark blue ink pen. Do not use red ink, pencils, felt tip pens, or erasable pens.
3. Because this form is read by a machine, please print your numbers inside the boxes like this:
1 2 3 4 5 6 7 8 . 9 0
4. Do NOT print outside the boxes.
5. Do NOT use dollar signs, slashes, dashes, or parentheses in the boxes.
6. DO NOT SUBMIT A PHOTO COPY OF THIS FORM. Photocopying of this form could cause delays in
processing your payment.
DETACH HERE
Form
Tax Year
(Rev. 2017)
STATE OF HAWAII — DEPARTMENT OF TAXATION
DO NOT WRITE OR STAPLE IN THIS SPACE
N-3
2018
CORPORATION ESTIMATED INCOME TAX
Voucher No. 2
THIS VOUCHER IS DUE ON OR BEFORE THE 20th DAY
OF THE 6th MONTH OF THE TAXABLE YEAR.
DO NOT SUBMIT A PHOTOCOPY OF THIS FORM
First time filer
Name
Dba or C/O
Federal Employer Identification Number (FEIN)
Mailing Address
Suite Number
Calendar or Fiscal Year Ending (MM DD YY)
City, town, or post office
State
Postal/ZIP Code
Country
For office use only
Amount of Payment
MAIL THIS VOUCHER WITH CHECK OR MONEY ORDER
PAYABLE TO “HAWAII STATE TAX COLLECTOR.” Write your
Federal Employer I.D. Number and “2018 Form N-3” on your
ID N0 12
check or money order.
N3_F 2017A 02
MAILING ADDRESS
Hawaii Department of Taxation
P.O. Box 1530
Honolulu, Hawaii 96806-1530
(830 Punchbowl Street)
IMPORTANT NOTE
Form N-3 is designed for electronic scanning that permits faster processing with fewer errors. To avoid delays:
1. Print amounts only on those lines that are applicable.
2. Use only a black or dark blue ink pen. Do not use red ink, pencils, felt tip pens, or erasable pens.
3. Because this form is read by a machine, please print your numbers inside the boxes like this:
1 2 3 4 5 6 7 8 . 9 0
4. Do NOT print outside the boxes.
5. Do NOT use dollar signs, slashes, dashes, or parentheses in the boxes.
6. DO NOT SUBMIT A PHOTO COPY OF THIS FORM. Photocopying of this form could cause delays in
processing your payment.
DETACH HERE
Form
Tax Year
(Rev. 2017)
STATE OF HAWAII — DEPARTMENT OF TAXATION
DO NOT WRITE OR STAPLE IN THIS SPACE
N-3
2018
CORPORATION ESTIMATED INCOME TAX
Voucher No. 3
THIS VOUCHER IS DUE ON OR BEFORE THE 20th DAY
OF THE 9th MONTH OF THE TAXABLE YEAR.
DO NOT SUBMIT A PHOTOCOPY OF THIS FORM
First time filer
Name
Dba or C/O
Federal Employer Identification Number (FEIN)
Mailing Address
Suite Number
Calendar or Fiscal Year Ending (MM DD YY)
City, town, or post office
State
Postal/ZIP Code
Country
For office use only
Amount of Payment
MAIL THIS VOUCHER WITH CHECK OR MONEY ORDER
PAYABLE TO “HAWAII STATE TAX COLLECTOR.” Write your
Federal Employer I.D. Number and “2018 Form N-3” on your
ID N0 12
check or money order.
N3_F 2017A 03