Form N-755 "Application for Automatic Extension of Time to File Hawaii Franchise Tax Return (Form F-1) or Public Service Company Tax Return (Form U-6)" - Hawaii

Form N-755 is a Hawaii Department of Taxation form also known as the "Application For Automatic Extension Of Time To File Hawaii Franchise Tax Return (form F-1) Or Public Service Company Tax Return (form U-6)". The latest edition of the form was released in January 1, 2018 and is available for digital filing.

Download a PDF version of the Form N-755 down below or find it on Hawaii Department of Taxation Forms website.

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Download Form N-755 "Application for Automatic Extension of Time to File Hawaii Franchise Tax Return (Form F-1) or Public Service Company Tax Return (Form U-6)" - Hawaii

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DO NOT WRITE IN THIS SPACE
STATE OF HAWAII — DEPARTMENT OF TAXATION
FORM
APPLICATION FOR AUTOMATIC EXTENSION OF TIME
N-755
TO FILE HAWAII FRANCHISE TAX RETURN (FORM F-1)
(REV. 2018)
OR PUBLIC SERVICE COMPANY TAX RETURN (FORM U-6)
Change of address
Name
Extension REJECTED. (See below
for reasons.)
DBA (if any)
Federal Employer Identification Number
Mailing Address (number and street)
Hawaii Tax I.D. No.
City, State, and Postal/ZIP Code
Check type of return to be filed:
Form F-1
Form U-6
(Check here
if you do not have an office or place of business in Hawaii)
1
(a) I request an automatic 6-month extension of time to file the franchise or public service company tax return of the entity named above for:
calendar year 20
, or tax year ending
, 20
(b) If this tax year is for less than 12 months, check reason:
Initial return
Final return
Change in accounting period approved
Consolidated return to be filed
Amended Return
First Year
Second Year
Third Year
2
Does this application also cover subsidiaries to be included in a consolidated return? ..............................................................
Yes
No
If “Yes,” attach a list showing the name, address, and Federal Employer Identification Number of each member of the affiliated group of domestic
entities.
3
Total tax liability for the taxable year (You may estimate this amount) ...........................................................
3
NOTE: You must enter an amount on line 3. If you do not expect to owe tax,
enter zero (0) and skip lines 4a, 4b, and 4c.
4
Are you paying the tax in:
4a. 4 equal installments? ....................................
Yes
No
4b. 12 equal installments (required for those whose total tax liability
exceeds $100,000)? .....................................
Yes
No
4c. If line 4a is checked “Yes” — enter 1/4 of line 3 on line 4c.
If line 4b is checked “Yes” — enter 1/3 of line 3 on line 4c.
If “No” is checked for line 4a and 4b — enter the amount of line 3 on line 4c........................................
4c
Pay amount on line 4c in full. Attach check or money order for full amount payable to “Hawaii State Tax Collector.” Write your Federal Employer
Identification Number, the taxable year, and Form N-755 on it. Pay in U.S. dollars. Do not send cash.
Installment Payments. — If you are making installment payments instead of paying the tax in full, use the “Franchise Tax or Public Service Company
Tax Installment Payment Voucher” (Form FP-1) to report and pay the remaining amount(s) due.
REASONS FOR REJECTION OF EXTENSION
1. The request was not in this office or mailed on or before the date prescribed by law for filing this return.
2. Separate requests are required for each type of tax and for each taxpayer involved.
3. The tax return was not filed within the time specified by the automatic extension.
FORM N-755
ID NO 01
N755_I 2018A 01 VID01
Clear Form
DO NOT WRITE IN THIS SPACE
STATE OF HAWAII — DEPARTMENT OF TAXATION
FORM
APPLICATION FOR AUTOMATIC EXTENSION OF TIME
N-755
TO FILE HAWAII FRANCHISE TAX RETURN (FORM F-1)
(REV. 2018)
OR PUBLIC SERVICE COMPANY TAX RETURN (FORM U-6)
Change of address
Name
Extension REJECTED. (See below
for reasons.)
DBA (if any)
Federal Employer Identification Number
Mailing Address (number and street)
Hawaii Tax I.D. No.
City, State, and Postal/ZIP Code
Check type of return to be filed:
Form F-1
Form U-6
(Check here
if you do not have an office or place of business in Hawaii)
1
(a) I request an automatic 6-month extension of time to file the franchise or public service company tax return of the entity named above for:
calendar year 20
, or tax year ending
, 20
(b) If this tax year is for less than 12 months, check reason:
Initial return
Final return
Change in accounting period approved
Consolidated return to be filed
Amended Return
First Year
Second Year
Third Year
2
Does this application also cover subsidiaries to be included in a consolidated return? ..............................................................
Yes
No
If “Yes,” attach a list showing the name, address, and Federal Employer Identification Number of each member of the affiliated group of domestic
entities.
3
Total tax liability for the taxable year (You may estimate this amount) ...........................................................
3
NOTE: You must enter an amount on line 3. If you do not expect to owe tax,
enter zero (0) and skip lines 4a, 4b, and 4c.
4
Are you paying the tax in:
4a. 4 equal installments? ....................................
Yes
No
4b. 12 equal installments (required for those whose total tax liability
exceeds $100,000)? .....................................
Yes
No
4c. If line 4a is checked “Yes” — enter 1/4 of line 3 on line 4c.
If line 4b is checked “Yes” — enter 1/3 of line 3 on line 4c.
If “No” is checked for line 4a and 4b — enter the amount of line 3 on line 4c........................................
4c
Pay amount on line 4c in full. Attach check or money order for full amount payable to “Hawaii State Tax Collector.” Write your Federal Employer
Identification Number, the taxable year, and Form N-755 on it. Pay in U.S. dollars. Do not send cash.
Installment Payments. — If you are making installment payments instead of paying the tax in full, use the “Franchise Tax or Public Service Company
Tax Installment Payment Voucher” (Form FP-1) to report and pay the remaining amount(s) due.
REASONS FOR REJECTION OF EXTENSION
1. The request was not in this office or mailed on or before the date prescribed by law for filing this return.
2. Separate requests are required for each type of tax and for each taxpayer involved.
3. The tax return was not filed within the time specified by the automatic extension.
FORM N-755
ID NO 01
N755_I 2018A 01 VID01
FORM N-755
(REV. 2018)
PAGE 2
6. How to Claim Credit for Payment Made
These penalties are in addition to any interest
INSTRUCTIONS
With This Form. — Show the amount paid (line
charged on underpayment or nonpayment of tax.
1. Purpose. — Use this form to ask for an au-
4c) with this form on the applicable tax return.
9. Interest. — Interest at the rate of 2/3 of 1%
tomatic six-month extension of time to file Form
7. Granting of Extension. — An automatic
per month, or part of a month, shall be assessed
F-1 or Form U-6.
extension of time for filing a return shall be al-
on unpaid taxes and penalties beginning with the
Do not request an automatic extension if you
lowed only upon the following conditions:
first calendar day after the date prescribed for
are under a court order to file your return by the
payment, whether or not that first calendar day
(1) On or before the due date of the return pre-
regular due date.
falls on a Saturday, Sunday, or legal holiday.
scribed by the statute, there shall have been
10. Consolidated Returns. — If a consoli-
The extension will be granted if you complete
paid:
this form properly, file it on time, pay with it the
dated return is to be filed, the parent corporation
(a) If you are required to pay the tax in month-
amount of tax shown on line 4c and meet the
may request an automatic extension for its sub-
ly installments (i.e., if your total tax liability for
conditions indicated in item 7 of the Instructions.
sidiaries. In such case, the name, address, and
the year exceeds $100,000), one-third (equal
Federal Employer Identification Number of each
to four monthly installments) of the tax pay-
In no case shall the extension be granted for
member of the affiliated group for which the ex-
able for the year;
a period of more than six months beyond the due
tension is desired must be listed under item 2 on
date of the return.
(b) If your total tax liability for the year does
a separate sheet. The filing of this form by a par-
not exceed $100,000 and you are electing to
2. Where to Get Tax Forms. — Hawaii tax
ent corporation is not considered as an exercise
pay the tax in four equal installments, one-
forms, instructions, and schedules may be ob-
of the privilege of making a consolidated return.
fourth (equal to one quarterly installment) of
tained at any taxation district office or from the
11. Termination of Extension. — The Direc-
the tax payable for the year; or
Department’s website at tax.hawaii.gov, or you
tor of Taxation may terminate the automatic ex-
may contact a customer service representative
(c) An amount equal to the tax payable for the
tension at any time by mailing a notice of termina-
at:
year.
tion to the entity or to the person who requested
808-587-4242
If a payment accompanies the application for
the extension for the entity. The notice will be
the extension, the amount of this payment
1-800-222-3229 (Toll-Free)
mailed at least 10 days prior to the termination
shall be shown on line 4c.
date designated in the notice.
3. When to File. — File this application on
(2) The return shall be filed within six months
SPECIFIC INSTRUCTIONS
or before the original due date of the return. If
from the due date of the return prescribed by
the due date falls on a Saturday, Sunday, or legal
the statute and:
We have provided specific instructions for
holiday file by the next regular workday.
most of the lines on the form. Those lines that
(a) If you elected to pay the tax in four equal
You may file the applicable tax return any time
do not appear in the Instructions are self-explan-
installments, or are required to pay in monthly
before the six-month period ends.
atory.
installments, all installments that became due
4. Where to File. — Submit this form to:
since you filed the application for extension
Line 3. — Enter the amount of tax you expect
shall have been timely paid; or
to owe for the taxable year.
HAWAII DEPARTMENT OF TAXATION
P. O. Box 1530
(b) If you did not elect to pay the tax in install-
Line 4c. — Enter one-fourth (1/4) of the
Honolulu, Hawaii 96806-1530
ments and are not required to pay the tax in
amount shown in line 3 on line 4c if you have
installments, the return shall be accompanied
elected to pay the tax due in four equal install-
5. How to Fill Out This Form. — Fill in the
by payment of the remaining tax liability, if any.
ments. Section 239-7, HRS, allows the payment
spaces with the entity’s name, mailing address,
If the above conditions are not met, the delin-
of the public service company tax to be made
Federal Employer Identification Number, and Ha-
quent penalty and interest will be charged on
in four equal installments on April 20, June 20,
waii Tax I.D. No., if any. Below that indicate the ap-
the tax as if no extension had been granted,
September 20, and December 20. Section 241-5,
plicable tax form to which the extension relates.
i.e., the computation of delinquent penalty
HRS, allows the payment of the franchise tax due
Note: If your mailing address has changed,
and interest will relate back to the due date
in four equal installments. The first installment
you must notify the Department of the change by
prescribed by the statute.
shall be paid on or before the 20th day of the
checking the “Change of address” box. Failure
fourth month following the close of the fiscal year
8. Penalties. — You may be assessed one or
to do so may prevent your address from being
(April 20 for calendar year taxpayers). This form
both of the following penalties.
updated, any refund due to you from being deliv-
has incorporated the payment of the first quarter-
ered (the U.S. Postal Service is not permitted to
Late Filing of Return. — The penalty for failure
ly installment or the fourth monthly installment for
forward your State refund check), and delay im-
to file a return on time is assessed on the tax due
certain taxpayers whose total tax liability exceeds
portant notices or correspondence to you regard-
at a rate of 5% per month, or part of a month, up
$100,000 of this tax payable for the taxable year.
ing your return. To notify the Department of your
to a maximum of 25%.
An extension of time to file your tax return will not
new address, you can also complete Form ITPS-
extend the time to pay your tax. Therefore, you
Failure to Pay After Filing Timely Return. —
COA, Change of Address Form, or log in to your
must pay the amount of tax shown on line 4c in
The penalty for failure to pay the tax after filing a
Hawaii Tax Online account at hitax.hawaii.gov.
full with this form.
timely return is 20% of the tax unpaid within 60
days of the prescribed due date.
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