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This version of the form is not currently in use and is provided for reference only. Download this version of
Form N-615
for the current year.
Form N-615 Computation of Tax for Children Under Age 14 Who Have Investment Income of More Than $1,000 - Hawaii
What Is Form N-615?
This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form N-615?
A: Form N-615 is a tax form for residents of Hawaii to report the income tax for children under the age of 14 who have investment income of more than $1,000.
Q: Who needs to file Form N-615?
A: Parents or guardians in Hawaii must file Form N-615 if their child is under 14 years old and has investment income of more than $1,000.
Q: What is considered investment income?
A: Investment income includes interest, dividends, capital gains, and other income from investments.
Q: What is the purpose of Form N-615?
A: The purpose of Form N-615 is to calculate the tax owed on investment income for children under the age of 14 in Hawaii.
Q: Is there a specific deadline to file Form N-615?
A: Yes, Form N-615 must be filed by the same deadline as the individual income tax return, which is typically April 20th.
Q: Are there any exemptions or deductions available for children with investment income?
A: Yes, there are certain exemptions and deductions available for children with investment income. It is recommended to consult the instructions provided with Form N-615 for more information.
Q: What happens if I don't file Form N-615?
A: If you are required to file Form N-615 but fail to do so, you may be subject to penalties and interest on the unpaid tax amount.
Q: Can I e-file Form N-615?
A: No, Form N-615 cannot be e-filed. It must be filed by mail with the Hawaii Department of Taxation.
Form Details:
- Released on January 1, 2019;
- 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-615 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.
