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 (Only for Decedents Filing a Hawaii Return but Not Required to File a Federal Return)" - 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, 2018;
  • 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;

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 (Only for Decedents Filing a Hawaii Return but Not Required to File a Federal Return)" - Hawaii

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Clear Form
FORM
STATE OF HAWAII — DEPARTMENT OF TAXATION
THIS SPACE FOR DATE RECEIVED STAMP
M-68
Application for Extension of Time to File Hawaii
Estate Tax Return (Form M-6) or Hawaii Generation-Skipping
(Rev. 2018)
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
ID NO 01
M68_I 2018A 01 VID01
Clear Form
FORM
STATE OF HAWAII — DEPARTMENT OF TAXATION
THIS SPACE FOR DATE RECEIVED STAMP
M-68
Application for Extension of Time to File Hawaii
Estate Tax Return (Form M-6) or Hawaii Generation-Skipping
(Rev. 2018)
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
ID NO 01
M68_I 2018A 01 VID01
FORM M-68
(Rev. 2018)
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 27, Session Laws of Hawaii (SLH) 2018,
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, 2017
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. For the
You may file the estate’s Form M-6 or Form M-
Penalty for failure to pay the tax after filing a timely
2018 tax year, the federal excludable base amount
6GS any time before the six-month period ends.
return is 20% of the tax unpaid within 60 days of
is set at $10,000,000 plus C-CPI-U for the preced-
the prescribed due date.
4. Where to File. — Submit this form to:
ing calendar year, 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 donor’s social security number.
M-6. An extension of time to file does not extend
This date cannot be more than six months from
the time to pay the tax. Keep a copy of this form
6. How to Claim Credit for Payment Made
the original due date of Form M-6 or M-6GS for the
for your records.
With This Form. — Show the amount paid (line 3)
decedent’s estate.
with this form on M-6, Schedule D, line 5, or Form
The extension will be granted if you complete
Line 2. — Enter the estimated amount of Ha-
M-6GS, line 17. Attach a copy of this form to Form
this form properly, file it on time, pay with it the
waii Estate or Generation-Skipping tax due.
M-6 or M-6GS.
amount of tax shown on line 2 and meet the condi-
Line 3. — Enter the amount of your payment.
tions indicated in item 7 of the instructions.
7. Granting of Extension. — An extension of
The full amount of estimated Hawaii Estate or
time for filing a return shall be allowed only upon
In no case shall the extension be granted for
Generation-Skipping tax is due by the original
the following two conditions:
a period of more than six months beyond the due
due date of the return regardless of whether an
date of the return.
(1) On or before the due date of the return pre-
extension to file has been obtained. Interest must
scribed by the statute, there shall have been
be paid on any estate tax that is not paid in full by
2. Where to Get Tax Forms. — Hawaii tax
paid, through a payment accompanying the
the original due date of the tax return. Make your
forms, instructions, and schedules may be ob-
application for the extension, an amount
check payable to the Hawaii State Tax Collector.
tained at any taxation district office or from the
equal to the estimated estate tax payable.
Please write the decedent’s name, social security
Department of Taxation (Department) website at
number, and “Form M-68” on the check.
tax.hawaii.gov, or you may contact the customer
(2) Within the time specified by the extension,
service representative at:
the return shall be filed, accompanied by pay-
Part III and IV
ment of the remaining tax liability.
808-587-4242
For instructions to Parts III and IV refer to the
If the above conditions are not met, the delin-
1-800-222-3229 (Toll-Free)
instructions on Federal Form 4768 (Rev. August
quent penalty and interest will be charged on
2012).
3. When to File. — File this application on
the tax as if no extension had been granted,
Note: Extension to pay does not apply to GST fil-
or before the original due date of the decedent’s
i.e., the computation of delinquent penalty
ers.
estate’s Hawaii Estate (Form M-6) which is nine
and interest will relate back to the due date
months after the date of the decedent’s death. If
prescribed by the statute.
Part V
there is no numerically corresponding date in the
Part V to be completed by the Department.
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