PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
Form N-168
for the current year.
Form N-168 Income Averaging for Farmers and Fishermen - Hawaii
What Is Form N-168?
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.
FAQ
Q: What is Form N-168?
A: Form N-168 is the Income Averaging for Farmers and Fishermen form specific to Hawaii.
Q: Who can use Form N-168?
A: Farmers and fishermen in Hawaii who meet the specific requirements can use Form N-168 to calculate their income averaging.
Q: What is income averaging?
A: Income averaging is a method that allows farmers and fishermen to average their taxable income over a period of three years.
Q: What are the benefits of income averaging?
A: Income averaging can reduce the tax liability for farmers and fishermen by spreading out their income over multiple years.
Q: How does Form N-168 help farmers and fishermen in Hawaii?
A: Form N-168 helps farmers and fishermen in Hawaii calculate their income averaging by providing specific instructions and information.
Q: What information is required to complete Form N-168?
A: To complete Form N-168, farmers and fishermen will need to provide their income and expenses for the relevant tax years.
Q: Are there any restrictions on who can use Form N-168?
A: Yes, Form N-168 is only applicable to farmers and fishermen in Hawaii who meet the specific requirements.
Q: Can I use income averaging if I am not a farmer or fisherman?
A: No, income averaging is only available for farmers and fishermen.
Q: Are there any deadlines for filing Form N-168?
A: The deadline for filing Form N-168 is the same as the deadline for filing your annual tax return. Check with the Hawaii Department of Taxation for the specific deadline.
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;
- Fill out the form in our online filing application.
Download a fillable version of Form N-168 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.
