PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
Form N-346
for the current year.
Form N-346 Tax Credit for Research Activities - Hawaii
What Is Form N-346?
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-346?A: Form N-346 is a tax form used in Hawaii to claim tax credit for research activities.
Q: What is the purpose of Form N-346?A: The purpose of Form N-346 is to allow businesses in Hawaii to claim a tax credit for qualified research activities.
Q: Who is eligible to use Form N-346?A: Businesses engaged in qualified research activities in Hawaii are eligible to use Form N-346.
Q: What are qualified research activities?A: Qualified research activities are activities that meet certain criteria defined by the Hawaii Department of Taxation. These activities generally involve the development or improvement of products, processes, or software.
Q: How much tax credit can be claimed using Form N-346?A: The tax credit amount is determined based on the qualified research expenses incurred by the business. The credit can be up to 20% of the expenses.
Q: What is the deadline for filing Form N-346?A: Form N-346 must be filed with the Hawaii Department of Taxation by the due date of the business's tax return, which is generally April 20th of the following year.
Q: What supporting documentation is required for Form N-346?A: Businesses must provide a detailed description of the qualified research activities, as well as documentation of the expenses incurred.
Q: Can the tax credit be carried forward or transferred?A: Yes, any unused tax credit can be carried forward for up to 7 years or transferred to another taxpayer.
Q: Are there any limitations or restrictions on the tax credit?A: Yes, there are limitations on the amount of tax credit that can be claimed in a single year, as well as restrictions on the types of expenses that qualify for the credit. It is recommended to consult with a tax professional for specific guidance.
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-346 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.
Download Form N-346 Tax Credit for Research Activities - Hawaii
1
2
